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A private investor has outlaid $12.2 million for a freestanding office/warehouse facility in Lidcombe in Sydney's west.
Located at 42 Birnie Avenue, the modern warehouse has a site area of 13,850 square  metres and a building area of 8,069 square metres.
The property comprises two units, with unit 1 featuring a modern three story freestanding office building, ground floor cafe and a high clearance warehouse to the rear.  The total area of unit 1 is 5,229 square metres.
The second unit 2 is a two-story office building with attached high clearance warehouse. The total area of unit 2 is 2,794 square metres. 
The vendor was TH &amp; TH Chung.
The sale was negotiated by Adam Micola of Savills Industrial .
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Lidcombe, Sydney office/warehouse fetches $12.2 million

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A strata-titled commercial property at Noosaville on the Sunshine Coast has sold under the hammer for $1.1 million.
A local investor purchased the 5/5 Gibson Road property on a yield of about 8.77%. 
John Petralia and Paul Forrest of Ray White Commercial Noosa negotiated the sale on behalf of local business owners.
The 395 square metre property is leased to Jetts Fitness Noosa, which has five years remaining on its current lease. The gym operator is paying net rental of about $96,500 per annum.
Mr Petralia said the marketing campaign for the property attracted about 40 enquiries with one offer to purchase prior to auction.
“With official interest rates at record lows and growing consumer confidence, the moral of this story if you are considering a property that is going to auction make sure you are in position to bid,” he said.
Commercial property yields, he added, were currently ranging between eight to 10%, almost double residential investment yields.
“There is a significant amount of money, including self- managed superannuation funds, chasing quality commercial properties,” said Mr Petralia. 
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Noosaville commercial property sells for $1.1 million under the hammer

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A warehouse unit in the Bibra Lake industrial precinct south of Perth has been sold for $240,000. 
The 4/84 Barberry Way property offered total floor space of about 144 square metres, including a mezzanine level and was built in 2008. The vendor was Belregis Pty Ltd.
Chad Parham and Mathew Garbin of Ray White Commercial Perth were the selling agents.  
The purchaser was a local owner/occupier. 
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Local owner-occupier buys Bibra Lake, Perth warehouse unit

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One of Melbourne's most prominent high streets, Church Street in Brighton, has attracted two national retailers to the area - Trenery and Bonds Kids. 
Trenery, a subsidiary of Country Road Limited, has secured more than 700 square metres at 46a Church Street (pictured above), while Bonds Kids, a subsidiary of Pacific Brands, is opening a store at 40B Church Street.
It is understood the Trenery tenancy is the first Victorian suburban stand-alone store as part of a select roll out of stores under the guidance of the Country Road group.
The premises were previously occupied by Browns Bakery and returned about $86,000 per annum, however Trenery have committed to a rental close to $135,000 per annum. “The space has now been transformed into an ultra-modern tenancy and is regarding as one the most impressive in the street,” said Fitzroys senior associate and leasing agent, Mark Talbot.
The <a href="https://www.propertyobserver.com.au/x-apple-data-detectors://4">40B Church St</a> lease to Bonds Kids is smaller in size but attracted a rental close to $100,000.
“Previously occupied by Stride-Rite, Bonds Kids have also completed a high-end fit out of their new premises, which is sure to rival other children’s wear operators within the street,” Mr. Talbot said.
The Bonds Kids group was currently undertaking a rapid expansion into a select number of shopping strips with, Fitzroys also brokering the lease to Bonds Kids at the Malvern Road, Hawksburn.
The rent payable for Malvern Road store tenancy is believed to be about $90,000 per annum.
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National retailers drawn to Church Street, Brighton

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Sushing - the owners of Sushi Train - is opening its popular Japanese eatery in the North Lakes Central mixed development site in Brisbane.
The company has leased 116 square metres, at shop 102 in North Lakes Central, for 10 years. The outlet and restaurant opens in June.
The lease was handled by Ray White Commercial Brisbane Northside’s Robert Rey and Ellie McGovern.
“This will be the first Sushi Train and Japanese restaurant opening in North Lakes outside of the Westfield Shopping Centre, giving people a convenient location to dine for lunch and dinner,” Mr Rey said.
“We are also looking for another restaurant of similar size to join this restaurant strip.”
North Lakes Central is 25 kilometres north of the Brisbane CBD and the development will aim to provide residents and workers in the fast growing North Lakes area with a mix of restaurants, retail and offices all situated in the one building.
Sushing has secured the North Lakes Central tenancy for a net rental of $62,110 per annum.
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Sushi Train owners opening new store in North Lakes Central development, Brisbane

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Automotive Brands has leased a warehouse facility in the outer Brisbane suburb of Willawong to accommodate its expanding operations. 
The property, at 26 Industrial Crescent, sits within the Acacia Link Business Park and is owned and operated by Goodman. It features a near new 9,712 square metre warehouse building, which has high bay storage areas, office space and internal clearances of at least 10.4 metres. 
CBRE’s Peter Turnbull negotiated the lease deal on behalf of vendor Goodman. Automotive Brands - a division of Metcash Limited - signed a five-year term on the property. 
“This building is almost twice as large as the tenant’s current property in Coopers Plains, which will support and help expand Automotive Brands’ Brisbane operations,” Mr Turnbull said. 
The Acacia Link Business Park is 14 kilometres from the CBD, and benefits from a close proximity to the Logan Motorway, Beaudesert Road and the Ipswich Motorway. 
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Automotive Brands lease Willawong, Brisbane warehouse

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A 7,456 square metre industrial property situated within the Port Melbourne precinct, which currently undergoing urban renewal, has been listed for sale.
The 320 Plummer Street property is described as having a high profile position in the heart of the state government’s Fishermans Bend Urban Renewal Area Plan and offering a range of development opportunities.
The property features a high clearance warehouse totalling 3,110 square metres and an adjoining hardstand, which is in excess of 4,000 square metres in area, with the ability to be occupied immediately. It also has exposure and access to three street frontages. 
CBRE’s Harry Kalaitzis is marketing the property, in conjunction with colleague Dean Hunt.
The expressions of interest campaign closes on 21 May.
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Fishermans Bend, Port Melbourne industrial property listed

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The logistics and transport sectors have emerged as a shot in the arm for Melbourne' s industrial property market, in the wake of the departures of Ford and Toyota from the state.  
A new first half industrial market report from Colliers International titled Investors tighten their grip, said sectors such as direct logistics and 3PL are filling the void created by the continued contraction of manufacturing in Melbourne, as the growing population demands goods, such as cars, that were once made locally and are now imported.
All those goods, it says, require land for and infrastructure for storage and transportation.
"In the northern industrial market, a number of major logistics users are currently in negotiations to lease around 120,000 square metres of space, while the west is now a hub for some of the largest distribution centres in the country", Colliers noted.
Other factors boding well for the city is the high population growth. In the year to September 2013, the city's population grew by 110,500. While the revitalisation of the residential market, particularly the land subdivision market, was also increasing demand in this sector, it added. 
With production of Toyota and Ford not due to fully cease until 2017, Colliers believes that the implications of the shutdown of the motor vehicle industry in Victoria may not be felt for some time.
However it estimates that about 260 hectares of land in total is due to be vacated by car manufacturers in Victoria, of which 205 hectares is in Melbourne itself.
It sees the greatest opportunity to be in Toyota’s site in Altona North, and Holden’s and Toyota’s sites in Port Melbourne.
"The Altona North market is notoriously tightly held, and it is expected that a number of industrial developers will be eyeing the opportunity to redevelop or redeploy the site for alternative manufactures uses", said the report.
The report also went into detail about the flow on effect to the parts manufacturers currently supplying parts to Ford and Toyota.
The south-east precinct is identified as having the highest concentration of impacted industrial space in Melbourne, at almost 370,000 square metres.
"Even though the south-east does not house any major manufacturers producing cars, there is a large parts supplier industry, which is a leftover relic of the days when Holden and others used to manufacture in the area".
 The Outer East also has about 270,000 square metres of space occupied by parts suppliers, the biggest of which is believed to be ANCA plant in Bayswater, which employs around 400 people.
"This plant also exports a large proportion of its product, and is expected to be largely unaffected by the local shutdowns," it added.
All up, Colliers estimates the car manufacturers and car suppliers occupy almost 1.6 million square metres of industrial space throughout Melbourne and Geelong. About 650,000 square metres of this space is occupied by the three  major manufacturers, leaving a further 950,000 square metres of space occupied by parts suppliers.
Colliers said it was difficult to quantify just how many of the parts suppliers would shut down and/or vacate their premises given that many now export their product and have divserified.
It estimates that about 30% of these parts suppliers will be able to survive in the long term.
"If this figure is correct, then about 665,000 square metres of space around Melbourne and Geelong could be vacated", it concluded.
"The biggest impact will be in the south-east and outer east, as these have more scattered plants, and no large manufacturing sites that could be converted to other uses".
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Melbourne industrial market buoyed by logistics and transport sectors

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Agent: Karen Mychaelle Seeto<img src="/images/2014/04/14/Karen-Seeto--PROFILE.jpg" alt="" style="float: right;">
Position: Sales/Principal
Company: Ray White Commercial
Location: Brisbane
How long have you been in the industry?
12 years.
What’s happening in the area you specialise in?
The commercial industrial property market is seeing increased buyer activity. This is in both tenanted and vacant assets.
Describe the most interesting property you have sold:
The most interesting property I have sold is Wirrina Cove in South Australia. The sale of Wirrina Cove encompassed selling of the following:
<ul>
<li>Resort, Conference Centre, Golf Course</li>
<li>Caravan Park</li>
<li>Undeveloped Land</li>
<li>Developed Lots</li>
<li>Marina Berths and Head Lease</li>
</ul>
The assets were sold in five stages and were marketed with a budget of $449,951.07, generating a total of 851 enquiries.
What are the ingredients to being successful in your job?
<ul>
<li>People skills</li>
<li>Team work</li>
<li>Negotiation skills</li>
<li>Efficiency</li>
<li>Product knowledge</li>
<li>Commitment</li>
</ul>
What aspects of your role do you enjoy the most? 
I enjoy working with people and being able to help them with both the sales and acquisition of assets.  In all situations being able to look for the win for both parties to ensure a successful outcome.
Where would you invest a spare $750,000?
The residential investment market.
Which football team do you support?
I don't. Netball - Firebirds 
What’s your favourite app or techno gadget?
The new iPad air.
How do you use social media?
Website - <a href="https://kms.raywhitecommercial.com.au/" target="_blank">https://kms.raywhitecommercial.com.au/</a>
Linkedin - <a href="https://au.linkedin.com/pub/karen-mychaelle-seeto/63/b02/b00" target="_blank">https://au.linkedin.com/pub/karen-mychaelle-seeto/63/b02/b00</a>
Twitter - <a href="https://twitter.com/KarenSeeto" target="_blank">https://twitter.com/KarenSeeto</a>
Facebook - <a href="https://www.facebook.com/karenmychaelleseeto" target="_blank">https://www.facebook.com/karenmychaelleseeto</a>  
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In profile: Ray White Commercial's principal - Brisbane, Karen Mychaelle Seeto

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Strata office suites in a prominent building in Melbourne's Docklands have been listed for sale. 
The strata units are situated on levels one and two of the Site one building, at 757 Bourke Street - considered to be the heart of the Dockland's financial business district. Site one is an office, retail and residential complex comprising a total of about 1,435 square metres of fully air-conditioned office space split over two levels.
Marketing the suites are Ray White Commercial's Queensland associate director Chris Heydon and Blair Main Director of TM Realty Docklands.
“Each office is fully carpeted with plaster walls, suspended ceilings, heating and cooling, and data and electrical points throughout", said Mr Heydon.
The offices range in size from about 30 square metres to 65 square metres.
The tenancy mix in building consists of professionals ranging from lawyers, marketers, engineers and recruiters as well as some of Australia’s major sporting organisations. 
Each floor had two kitchenettes, shower facilities and male and female amenities.
“Office tenants will also enjoy access to the Trevor Main Business Centre on level one which consists of a reception area as well as four state of the art meeting/board rooms”, added Mr Heydon. 
The ground floor tenancies of the building included an IGA supermarket, Degani Bakery Café, Booji Café, La Tadka Restaurant and the Nixon Hotel Bar and Restaurant.
Nearby is also some of the country's biggest companies - the National Australia Bank, KPMG, Lion Nathan, March Mercer, and the Commonwealth Bank and many more. 
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Strata offices in Docklands listed

Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Katherine Jimenez

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