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International luxury brands Chanel and Louis Vuitton are looking at "multiple sites" in Adelaide for their next store expansion.
Adelaide Central Plaza owner Shaun Bonett confirmed to Property Observer that both retailers were tallks with him about opening stores in his centre. He said the French retail brands werre currenty looking at "multiple sites” in Adelaide and that he would be "delighted if we were able to progress discussions with them."
"We submitted our shopping centre as a centre which they should consider," he said.
UK fashion retailer Topshop also has the Adelaide market firmly on its radar.
Earlier this month, US high-end jeweller Tiffany &amp; Co announce it would be opening its next store in Adelaide Central Plaza. Confidentiality agreements prevented Mr Bonett from disclosing further details about the lease but he said “their store in Adelaide will be very comparable to their Melbourne and Brisbane stores."
Mr Bonett said what was drawing those retailers to Adelaide was its high population, tourism appeal - namely its wineries - and that there was a significant demographic in South Australia that shopped interstate for higher end items.
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Chanel, Louis Vuitton size up Adelaide retail sites

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In one of the clearest signs that a CBD office market recovery could be underway, Colliers International has produced new research which revealed a 33% surge in enquiry levels in the first half of 2013.
Its figures showed 310 more enquiries were registered for an additional 273,989 square metres of office space in the 12 months to June, while deal volumes remained steady.
Despite industry concerns around business sentiment, Colliers said that then higher enquiry figures showed activity in Australia's office markets was "strong" and supported its own prediction of a "market recovery by H2 2014".
"We have heard a lot of doom and gloom about the office leasing market this year, but the facts are that there is activity in the market," said Colliers office leasing managing director, Simon Hunt.
In the Sydney CBD, more than 215,000 square metres of enquiry was recorded during the first half, while in the Melbourne CBD, enquiries hit 158 for more than 132,000 square metres of space. That compared to 140 enquiries for just over 81,000 square metres over the same period in 2012.
"Small and medium sized tenants are in the market looking to secure a good deal, and are helping to drive current levels of activity," added Mr Hunt.
The largest proportion of deals occured in the 1-999 square metre range, with 279 leases equating to 82,810 square metres taking place in the first half of 2013, the Colliers research showed.
Data from the research also showed professional services were responsible for a large proportion of the activity, driven by new leases to businesses such as AGL, BHP, Corrs Chambers, Pacific Brands, Virgin Active and IBM. There was also strong spike in the number of Information Technology and Communication companies looking to relocate, with this sector making up 20% of the enquiries.
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Office market recovery underway, with 33% surge in enquirers: Colliers International

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Engineering company WorleyParsons is believed to have a leasing mandate out in the Perth CBD market for a requirement for up to 20,000 square metres of office space.
Industry sources told Property Observer that they believe the company had narrowed its leasing options to two sites - the Kings Square precinct, which is part of the $5.2 billion Perth City Link project initiated by the State Government. The other location is the nearby $130 million 396 Murray St site.
WorsleyParsons currently has its staff spread throughout several building in the Perth CBD, including the QV1 tower, 600 Murray,  Adelaide Terrace and 235 St Georges Terrace. 
WorleyParsons today released a statment saying that "it is a matter of public record that WorleyParsons  is seeking to consolidate its office space in Perth. A range of options are being considered and the company has not yet settled on a preferred option".
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WorleyParsons on the lookout for Perth office space

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Unprecedented institutional investor demand has seen retail investment in Australia hit an all-time record high, according to new research from Colliers International.
In it latest Australian Retail Investment Review report, Colliers found that 142 major retail transactions took place in the 2013 financial year with a combined value of $7.62 billions.
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;"><tbody>
<tr>
<td nowrap width="192">
Retail Transactions
</td>
<td nowrap width="145">
2011/12
</td>
<td nowrap width="145">
2012/13
</td>
<td nowrap width="145">
% Change
</td>
</tr>
<tr>
<td nowrap width="192">
Number
</td>
<td nowrap width="145">
83
</td>
<td nowrap width="145">
142
</td>
<td nowrap width="145">
+71%
</td>
</tr>
<tr>
<td nowrap width="192">
Total Value
</td>
<td nowrap width="145">
$4.244 billion
</td>
<td nowrap width="145">
$7.627 billion
</td>
<td nowrap width="145">
+80%
</td>
</tr>
<tr>
<td nowrap width="192">
Average Value
</td>
<td nowrap width="145">
$51.1 million
</td>
<td nowrap width="145">
$53.7 million
</td>
<td nowrap width="145">
+5%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="192">
Source: Colliers International
</td>
<td valign="bottom" nowrap width="145">
 
</td>
<td valign="bottom" nowrap width="145">
 
</td>
<td valign="bottom" nowrap width="145">
 
</td>
</tr>
</tbody></table>
The total value of transactions soared by 80% on the $4.244 billion recorded in 2011/12, while the volume of transactions jumped just as strongly, up by 71 per cent compared to the 83 recorded in the previous financial year.
Colliers research director Nora Farren told Property Observer driving that high transaction activity was offshore investors entering the Australian market either directly or through partnering arrangements.
Among some of those marquee offshore investments were US private equity group Blackstone buying a 50% of the Erina Shopping Centre for $397 million in May, along with Challenger, acting on behalf of a middle-east investor, which acquired a portfolio of six centres from Federation Centre for $602 million.
The lion's share of transactions occured in the regional and sub-regional markets.
<img src="/images/stories/2013/08/chart_of_the_week_aug_27_one.png" width="470" height="295" alt="chart_of_the_week_aug_27_one">
“In the regional space we had seven years’ worth of supply come to the market, with 14 interests in regional centres transacting worth in excess of $4 billion, which is significantly greater than the average of two centres per year over the past three years, and was more than half the total investment in retail assets over the 2012/13 financial year",  said Colliers national director of retail investment services, Lachlan MacGillivray.
“Meanwhile there were 20 sales of sub-regional centres worth more than $1 billion, which was a 25 per cent increase on the previous financial year".
Equally strong was the demand for neighbourhood shopping centres, with 60 sales worth a total of $1.287 billion recorded. The bulky good sector registered 30 transactions - double the previous year.
Mr MacGillivary said regional shopping centre activity should return to more normalised historical levels over the coming 12 months, but that sub-regional centres were expected to "continue to trade strongly and surpass this year’s total.”
Going forward, he said, a number of institutional and listed investors had a strategy to acquire non-discretionary anchored neighbourhood and sub-regional centres, but while demand for regional centres was likely to continue to be robust, supply of investment product would be limited, hence there would be fewer transactions going forward.
He pointed to competitive interest in assets with strong lease profiles displaying robust income growth or expansion or development potential.
<img src="/images/stories/2013/08/chart_of_the_week_aug_27_two.png" width="470" height="291" alt="chart_of_the_week_aug_27_two">
Institutional  investors, superannuation funds and offshore investors are expected to be the most active over the remainder of 2013.
The Colliers International Australian Retail Investment Review 2013, which covers transaction activity of greater than $10 million across Australia, found that NSW had the largest share of retail investment activity over the past year, with 35 sales, including half of all regional centre transactions. But the largest increase in activity was in Victoria, which saw investment in the state nearly double to 27 sales,” said Ms Farren.
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Retail investment in Australia at an all-time high: Colliers International

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A convenience-based retail and commercial centre in the inner Brisbane suburb of Woolloongabba has been sold at auction for $3.85 million.
The property at 80-84 Ipswich Road, Woolloongabba, was sold by Ray White Commercial’s Mark Dann and John Dwyer under instructions from receiver and managers, Raj Khati and Morgan Lane of Worrells.
The buyer was a local investment group and the yield on the sale was 6.6%, on a passing net income.
The centre's net annual income is about $256,000 per year.
The convenience centre, anchored by Pizza Hut, NightOwl and Subway, attracted 23 registered bidders following 157 enquiries on the property from interstate as well as locally.
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Some 23 investors seek out Woolloongabba retail and commercial centre which sells for $3.85 million

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UK-based Brompton Asset Management has acquired the Industry House building in the Canberra CBD for  $151.7 million, in what is being billed as the biggest office transaction in the nation's capital city this year.
The 15-storey building, at 10 Binara Street, was owned by The Andrew Roberts-backed property funds management group CorVal and sold on a yield of 7.5 per cent. CorVal bought the A-grade building for $123 million in 2009.
The acquisition, negotiated by Jones Lang LaSalle agents Rob Sewell, Simon Storry and Greg Lyons, is the second purchase in Canberra market by Brompton. The asset manager also owns a nearby office building at 255 London Circuit.
"Sovereign wealth funds and global pension funds have re-rated real estate, placing a higher weighting on the defensive characteristics of the asset classes and increasing allocations to the sector," said Mr Sewell.
"The most passive of offshore capital is seeking modern assets, strong covenants, long lease terms ( with stipulated fixed increases) and increasingly the latest in sustainability credentials".
Jones Lang LaSalle research shows that Canberra is the youngest Australian CBD office market, with 40 per cent of assets aged less than 10 years. "The quality of income in Canberra is high, with 60 per cent of office space occupied by the AAA-rated Federal or ACT governments," Sewell said.
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Biggest office sale in Canberra this year at $151.7 million

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A four-unit industrial complex on the central Gold Coast has sold for $1.55 million to Melbourne-based private investors.
The complex, at 686 Ashmore Road, Molendinar, was sold by Jim Burge, who developed the 2,300-square-metre industrial site in 2000. He purchased the site for $302,100 in 2000.
The sale was negotiated by Pat Cavanagh of Colliers International.
Mr Cavanagh said that the private investors purchased the property as an investment for their family super fund for the long-term.
On a fully leased basis, he said the unit complex would achieve a net yield of about 8.25%.
At the time of the purchase, the complex only had one vacant unit. It is now fully leased.
Mr Cavanagh said this latest industrial transaction showed "investors were prepared to pay the right money for quality investments when they became available".
He also pointed to a "significant" run of sales from occupiers and investors in the industrial market.
"Larger properties in particular are experiencing less time on the market and are going under contract with fewer settlement terms as more players enter the market and sentiment continues to improve," says Mr Cavanagh.
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Gold Coast four-unit industrial complex sells for $1.55 million

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Endeavour Hills Shopping Centre has secured two new tenants and re-signed a further 10 national operators as part of an overhaul of the centre’s retail mix.
The two new tenants were Snap Fitness, which signed a 321 square metre lease and Bank of Melbourne, which took 212 square metres in the centre.
Both leases were negotiated by Colliers International leasing agent, Mike Crittenden.
In the past six months, Wespac, Commonwealth Bank,  Priceline, Millers, Sussan, EB Games, Suzanne Grae, Tenderfresh Meats, Flight Centre and ANZ have all renewed there leases in the centre.
Recent rentals achieved have ranged from $750-$1,800 per square metre, said Mr Crittenden.
“Our focus has been on renewing quality tenants as well as improving the centre by securing additional offerings not previously represented in the centre,” he said.
Located 30km south-east of the Melbourne CBD, the Endeavour Hills Shopping Centre, comprises a variety of retail spaces, totaling about 36,000 square metres. Among the 86 retailers in the centre are Woolworths, Coles, Aldi, Dan Murphy and a Big W.
“We are still on the look-out for more high-quality retail, fresh food, fast food and service-based operators to complement the existing strong tenancy mix for the remaining tenancies," said Mr Crittenden.</body></html>

Endeavour Hills Shopping Centre overhaul continues, securing two new tenants

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Some of the country's biggest property groups are on the hunt for industrial property, with the Perth market high on the radar.
According to Colliers International some $1 billion in funds is ready to be invested in prime investment stock and land for pre-lease Australia-wide.
Property groups Lend Lease, Charter Hall, and Goodman were all on the hunt for assets, said Colliers International director of industrial property Wayne Chorley and that high on their list were Western Australia assets.
"While those big institutional buyers have probably been more east coast-focused in the past, such is the current demand and the thirst for industrial assets they’re turning their eyes nationally, and broadening the net, " he said.
The state's strong population growth - the highest in the country - and low unemployment rate, combined with steady rent and capital values have been a major attraction for those institutional investors in the WA market, said Mr Chorley.
Since June last year, the Perth market has seen major deals totalling more than $210 million bedded down, including Goodman’s purchase of a $22 million Canning Vale property tenanted by Mayne Logistics, and Charter Hall’s $61.5 million acquisition of a 50 per cent stake in another Canning Vale asset tenanted by Foodland Associated.
“The first choice asset profile being sought is modern, well-leased A Grade industrial property in prime locations – so in the Perth market that means the likes of Canning Vale, Welshpool and Wangara," said Mr Chorely.
As a result of the level of transactional activity, he said "we’ve seen at that top end of the market over the past 12 to 18 months, stock is tight – and that means yields must tighten.”
He noted on the backdrop of the slowing of the resources sector and shelving of oil and gas projects.
He said the effect these had on WA’s property market had received widespread airplay in recent months.
"The industrial market was less exposed to any downturn in that sector than other commercial property classes," he said.
He said the resources sector was not a major influence in the industrial real estate market but residential constincluding was because of the "multiplier effect" it created - meaning the lift in demand for construction materials.
Private house approvals in WA currently remain  above the ten-year average.
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Canning Vale, Welshpool and Wangara - the first choice for modern, well-leased A Grade industrial property 

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Sydney, Melbourne and Brisbane have maintained their ranking among the world's most expensive cities for global retailers, despite a backdrop of flat retail turnover figures and a weak domestic economic environment.
The three Australian cities all featured in CBRE Group's top 10 quarterly rankings, which was topped by Hong Kong with prime rents at US$4,328 per square feet per annum, followed by New York.
<img alt="record-retail-rents-charts" height="425" width="470" src="/images/stories/2013/08/record-retail-rents-charts.jpg">
Prime rents in Sydney, which was fifth in the rankings, came in at US$945 per square feet. Prime rents in Melbourne were $794 per square feet and in Brisbane  were $599 per square feet, the CBRE research showed.
Josh Loudoun, CBRE senior director of Retail Services Australia, said the Australian cities combined were tracking at a "steady growth" rate, but that the results varied from city to city. Prime rents in Sydney, he said had fallen, whilst in Brisbane rents had accelerated strongly and Melbourne had experienced steady growth.
Nervertheless, he said the overall results  highlighted that Australia was showing steady growth at a time when the retail sector is in the doldrums.
Driving the local results , said Mr Loudoun, was the "limited number of new leases being signed as landlords have been more inclined to leave tenants on hold over or short term leases at the lease expiry, instead of putting the property to the market and crystallising a downgrade.”
However, he also said, Australia had continued to benefit from low vacancy rates and the limited new supply coming to the market, along with the influx of international retailers to our local shores.
US fashion label Brooks Brothers and UK retailer Marks &amp; Spencer have recently announced they will be entering the Australian market.
Another consideration he points to is the upcoming Federal election.
"History shows that retail sales following a federal election usually show a strong short-term spike as consumer confidence lifts and this will translate to rental growth over the next 12 months. This will also coincide with a number of the ‘boom time’ leases of 2008/2009 coming up for their five year anniversary," said Mr Loudoun.
CBRE said that the top 10 prime global retail markets saw little change relative to previous quarters, however, four of the top 10 markets - New York, London, Zurich and Tokyo - saw quarterly increases in prime retail rents, compared with only one market during the previous quarter.
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Australian cities among the most expensive for global retailers: CBRE

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Katherine Jimenez

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