<html><body>
<img src="/images/stories/28000.jpg">
The amount of space Deloitte will lease at 225 George Street, Sydney. The new lease includes the existing space occupied by Deloitte combined with an additional four floors of space. The new lease is for a further 12 years to December 2023. Deloitte will occupy space vacated by JP Morgan.
 
<hr>
<img src="/images/stories/195.jpg"> 
The gross rent per square metre that pet wear designer Coco &amp; Pud will pay to lease a 360-square-metre office unit at 10/25 Gibbes Street in Chatswood from the Willoughby Council. The lease term is four years plus a four-year option and was arranged by Hugh Anderson from Sutton Anderson.
 
<hr>
<img src="/images/stories/2800.jpg"> 
The size of the warehouse at 75 Hartley Road in Smeaton Grange, an industrial suburb about 60 kilometres from the Sydney CBD Novartis Animal Health Australasia has leased at a gross rent of $96 per square metre. The company is leasing the space from Nu-Truck Spares on a six years plus a five-year option lease term with deal arranged by Adrian Balderston of Colliers International.
 
<hr>
<img src="/images/stories/1300sqm.jpg"> 
The size of the shop that UK fashion chain Top Shop will rent in Melbourne at 500 Chapel Street in South Yarra.  The shop is located in the Jam Factory shopping mall. The terms of the agreement have not been disclosed. It will be the first store Top Shop will open in Australia and its flagship store for the brand.
 
<hr>
 
<img src="/images/stories/625.jpg">
The gross price that online auction and classifieds business Trade Me will pay to lease a 500-square-metre floor at 37 Bligh Street from Metroplex Property Services. The website has leased the 12th floor of the building on a five year lease deal arranged by Grant Bulpett from MMJ Sydney.
</body></html>

lschlesinger-FZcF9M3vE6

Commercial leasing: Watch this space

<html><body>
<img src="/images/stories/922sqm.jpg">
The size of an office building in Spring Hill in Brisbane’s CBD fringe that will be occupied by the Salus Partnership, a consortium of engineering, construction and finance providers. The firm will lease the building located at 70 Bowen Street for two years at gross rental of $360,000, with the tenant introduced by Savills’ Alastair Dunlop.
 
<hr>
 
<img src="/images/stories/915.jpg">
The gross rent per square metre that fashion boutique Pour Tous will pay to lease a 71-square-metre retail shop at 39 Elizabeth Bay Road, Elizabeth Bay in Sydney’s eastern suburbs. The lease term is five years plus a five-year option, and the deal was negotiated by Michael Vranic from City Commercial Property.
 
<hr>
<img src="/images/stories/3000.jpg"> 
The size of a distribution centre that furniture retailer Nick Scali will lease upon completion at Lang Walker’s $400 million industrial park being developed in Adelaide’s North. Nick Scali has signed a pre-lease agreement and will use the site on the corner of Edinburgh and Wyatt roads, Direk to service its four South Australian stores. The warehouse is being built at a cost of $3.5 million and is part of the 100-hectare Vicinity project, the largest industrial project underway in Adelaide.
 
<hr>
<img src="/images/stories/551.jpg"> 
The gross rent that Back Pain Solutions will pay to lease a 66-square-metre office at level 11, 300 George Street from 300 George Street Pty Ltd. The lease term is for three years plus a three-year option with the agreement negotiated by Peter Robinson from Knight Frank.
 
<hr>
<img src="/images/stories/212.jpg"> 
The size of a shop that Insurance Australia has leased at 153-155 Church Street in Parramatta, west of Sydney. The lease term is five years, and the deal was negotiated by Peter Karam from Ray White Commercial.
</body></html>

<html><body>
<img src="/images/stories/100sqm.gif">
The size of the first Melbourne CBD shop that pizza chain Dominos Express will lease. The group will lease space in the Northbank Place development at 555 Flinders Street. The deal was arranged by CBRE’s Zelman Ainsworth and Max Cookes. Net effective annual rent is estimated at $65,000.
 
<hr>
<img src="/images/stories/550.gif"> 
The gross rent per square metre that business consultants Charter Mason will pay to lease an 83-square-metre office suite at 71 Walker Street in North Sydney from Parker Brown Investment. The deal was arranged by Jay Sheffield from Raine &amp; Horne Commercial, North Sydney.
 
<hr>
<img src="/images/stories/900sqm.gif"> 
The total square metres of office space that platform administrator and managed account specialist Linear Asset Management will lease at Northbank Place at 525 Flinders Street in Melbourne CBD. The lease includes a 350-square-metre balcony and covers the ninth and 10th floors of the building. The net rent is $400 per square metre. The deal was arranged by Savills’ Phillip Cullity and Mark Bolis on behalf of a private investor owner.
 
<hr>
<img src="/images/stories/390.gif"> 
The gross rent that Coreplex Business Consultants will pay per square metre to lease an 81-square-metre office at 1 Kings Cross Road in Darlinghurst from a private investor. The lease term is three years plus a two-year option with the agreement arranged by Michael Vranic from City Commercial Property.
 
<hr>
<img src="/images/stories/61sqm.gif"> 
The size of a North Sydney office that IT support company Remedy One will ease at a gross rent of $400 per square metre. The office is at 25 Berry Street. It is being leased from a private investor for one year with the deal arranged by Laura Hilder from Aspace Estate Agents.
</body></html>

<html><body>
<img src="/images/stories/76.jpg"><div>The sale price (in Canadian dollars) achieved by Dexus Property Group for a 70,000-square-metre Toronto warehouse. The price represents a 13% premium to the December 2010 book value of C$69.4 million. The property, which is leased to Whirlpool, was the only Canadian property held by the Sydney-based property group, which has a $13.6 billion asset book.</div>
<div></div>
<div>
<hr>
</div>
<div><a target="_blank" title="7-Eleven sales" href="https://www.propertyobserver.com.au/commercial/two-sell-as-7-eleven-tempts-investors/2011062850639"><img src="/images/stories/698.jpg"></a></div>
<div>
The net yield on the 2,738-square-metre <a target="_blank" title="7-Eleven sales" href="https://www.propertyobserver.com.au/commercial/two-sell-as-7-eleven-tempts-investors/2011062850639">7-Eleven retail site at 2 Canterbury Road, in the Melbourne suburb of Blackburn South</a>, sold by Jones Lang LaSalle agent Steve Bolton to a private investor ahead of an a scheduled auction on July 20, 2011. The sale prices was not disclosed, but it did meet price expectations.
 
 
<hr>
<img src="/images/stories/1.45m.jpg"> 
The price paid by Ashleigh Brock, a DIY super investor, for a three-unit industrial complex in Helensvale, on the Gold Coast in Queensland. The property is fully leased and features on-site parking and a basement. It delivers annual returns of $120,000 and an 8.3% yield. The deal was negotiated by James Crawford from Colliers, the AFR reported.
 
<hr>
<a target="_blank" title="7-Eleven sales" href="https://www.propertyobserver.com.au/commercial/two-sell-as-7-eleven-tempts-investors/2011062850639"><img src="/images/stories/845.jpg"></a>
 
</div>
<div>The net yield on the <a target="_blank" title="7-Eleven sales" href="https://www.propertyobserver.com.au/commercial/two-sell-as-7-eleven-tempts-investors/2011062850639">1,463-square-metre Lilydale 7-Eleven retail site on the corner of Maroondah Highway and Cave Hill Road in Melbourne</a>, bought by a private investor at a premium. The combined service station and convenience store brings inn $130,000 in annual rent. The property was sold by Jones Lang LaSalle agent Steve Bolton three weeks ahead the July 20 auction of a batch of 15 7-Eleven retail stores.</div>
<div></div>
<div>
<hr>
</div>
<div><a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/jack-thompson-calls-last-drinks-at-katumba/2011062350583"><img src="/images/stories/1925.jpg"></a></div>
<div>
The heavily discounted sale price achieved at auction for the <a target="_blank" title="Jack Thompson calls last drinks" href="https://www.propertyobserver.com.au/new-south-wales/jack-thompson-calls-last-drinks-at-katumba/2011062350583">Hotel Gearin in the Blue Mountains</a>, jointly owned by actor Jack Thompson. It was bought in 2006 for $4.1 million. The auction was handled by Jones Lang LaSalle Hotels agent Sam Handy. Bidding came from two interested parties. Locals say the pub is turning over about $33,000 a week.
</div>
</body></html>

Commercial hammer prices

<html><body>
<img src="/images/stories/4285.jpg">
The price a <a target="_blank" title="Mosman supermarket sold" href="https://www.propertyobserver.com.au/commercial/mosman-bridgepoint-shopping-centre-sells-to-chinese-investor/2011081651175">Chinese buyer paid for the Bridgepoint Shopping Centre in Mosman</a> on the Sydney North Shore. The price reflects a yield of 8.2% on fully leased gross income of about $4.9 million per year. The centre is anchored by Franklins supermarket, Harris Farm Markets, Mosman Professional Centre and 34 specialty stores. The shopping centre was sold by Lieve Li of Buckingham Real Estate on behalf of developer Frasers.
 
<hr>
<img src="/images/stories/2835.jpg">  
 
The size of a block in Alexandria, Sydney containing an existing industrial brick warehouse with small office component bought by private investment company BridgeLane Group for $7 million. Sale of the block at 123-129 Wyndham Street was negotiated by CB Richard Ellis’ Stuart Cox and Daniel O’Brien. It has been earmarked as a potential residential development site. The property is leased to Jade Auto Repair Pty Ltd until December 30, 2013.
 
<hr>
<img src="/images/stories/160m.jpg">  
The amount<a target="_blank" title="Westfield buys half stake in Milan shopping centre" href="https://www.propertyobserver.com.au/commercial/westfield-to-spend-%24160-million-to-develop-italian-shopping-centre/2011081251143"> Westfield has spent to acquire a 50% interest in a development site in Milan</a>, Italy. The 60-hectare site adjacent to Milan's Linate airport has planning approval to develop a regional shopping centre similar in scale to Westfield London. The site is being acquired in a joint venture with Gruppo Stilo, an Italy-based developer owned principally by its founder, Antonio Percassi.
 
<hr>
<img src="/images/stories/5502.jpg">  
The size of a vacant industrial site in Regency Park, Adelaide acquired by a local private developer for $1.55 million at auction.  The site is located at 1-3 Myuna Street. CB Richard Ellis’ Craig Klemich and David Ludlow steered the auction campaign on behalf of Hoepners Admin Services.
 
<hr>
<img src="/images/stories/960k.jpg"> 
The price achieved for a commercial property at 292 Station Street, in Lalor, Melbourne, sold at public auction. The selling process was handled by Fitzroys agent Julian Heatherich. The sale achieved a yield of just under 5%. A private buyer bought the refurbished, single-level, brick retail building of about 125 square metres on 260 square metres of land. It is currently occupied by private healthcare operator Healthscope.
</body></html>

<html><body>
 
<img src="/images/stories/117.jpg"> 
The gross rent per square metre that Graphique Solutions Pty Ltd will pay to lease 350 square metres at 1/4 Wirega Avenue, Kingsrove in the Southern suburbs of Sydney from Shehata. The lease term is three years plus a three-year option, with the contract negotiated by Emilios Michael from Niemeyer Commercial Industrial Property.
 
<hr>
<img src="/images/stories/269k.jpg">The annual rent that a private investor will earn following the lease of five shops on the site of a demolished KFC restaurant at 305 High Street in Ashburton in Melbourne. The leasing agent was Ben Evans of Gray Johnson. The largest outlet, measuring 140 square metres, was leased for $480 per square metre on a five-year basis, plus a further five-year option, to Every Battery.
 
<hr>
<img src="/images/stories/116sqm.jpg">The size of a warehouse that Vacant Lot Retail Pty Ltd has leased at 4/1A Box Road in Taren Point, 20 kilometres south of the Sydney CBD from Cornelius van Graan. Vacant Lot will pay a gross rent of $166 per square metre. The leasing agreement, which runs for 11 months, was negotiated by Trent Gallagher from Colliers International.
 
<hr>
 
<img src="/images/stories/550.gif">
The gross rent per square metre that content delivery start-up Tapit Media Pty Ltd will pay to lease a 77-square-metre office at suite B, level 1, 17-19 Alberta Street in Surrey Hills from a private investor. The lease term is 18 months, with the agreement negotiated by Kylie Doust from DB Property.
 
<hr>
  
<img src="/images/stories/611k.jpg" style="border-style: initial; border-color: initial;">
The annual rent that Swiss luxury watchmaker Rolex will pay to rent a shop at 100 Knightsbridge in London, one of three retail outlets that form part of One Hyde Park, one of the world’s most expensive residential developments. Rolex has renewed its lease for a further 14.5 years, with the deal negotiated by Savills London.<a target="_blank" title="Russian investor buys Rolex store" href="https://www.propertyobserver.com.au/retail/russian-buys-%C2%A313-million-rolex-store/2011090251404"> The store was recently bought by Grigory Guselnikov</a>, a 35-year-old Russian investor, for £13 million ($20 million).
</body></html>

<html><body>
<img src="/images/stories/800.jpg">
The price, roughly, that commercial law firm Piper Alderman will pay per square metre per year to lease 1,119 square metres of space over level 36 in Brisbane’s Riverside Centre in a deal negotiated by Jones Lang LaSalle’s Gerry Leyden and  Bob Rice. The building located at 239 George Street is owned by the GPT Wholesale Office Fund. The lease term is 10 years.
 
<hr>
 
<img src="/images/stories/320sqm.jpg">
The amount of office space that German national carrier Lufthansa will lease at 189 Kent Street in the Sydney CBD in a deal negotiated by Ray White Commercial. The airline was formerly at 143 Macquarie Street, Sydney. The airline has signed a five-year lease with real estate listings show offices up for lease in the recently refurbished 15-storey building at gross annual rentals of between $380 and $450 per square metre.
 
<hr>
<img src="/images/stories/593.jpg"> 
The size of an office leased to online travel site Booking.com on level 11 of the Australia Square Plaza Building at 95 Pitt Street in the Sydney CBD. The building is jointly owned by property groups Dexus and GPT. Booking.com will pay $870 per square metre per year. The lease term is four years, with the deal negotiated by Thomas Fredriksen from Knight Frank.
 
<hr>
<img src="/images/stories/110k.jpg"> 
The annual rent that women’s shoe retailer Bare Traps is paying to lease a new 390-square-metre store at 221 Stafford Road, Stafford on Brisbane’s north side. The deal was negotiated by Steve Black of Ray White Commercial Pine Rivers. Bare Traps has secured a five-year lease with five options to renew on the Stafford store, which is located on a 6,000-square-metre site owned by De Pasquale Bros Pty Ltd.
 
<hr>
<img src="/images/stories/962.jpg"> 
The gross annual rent per square metre that Morena Restaurant will pay to lease a 156-square-metre shop at 425 Bourke Street in Surry Hills, Sydney, from Zone Developments. The lease term is five years plus a five-year option with the deal negotiated by Michael Vranic from City Commercial Property.
 
<hr>
<img src="/images/stories/58point5.jpg"> 
The gross annual rent per square metre that Morena Restaurant will pay to lease a 156-square-metre shop at 425 Bourke Street in Surry Hills, Sydney, from Zone Developments. The lease term is five years plus a five-year option with the deal negotiated by Michael Vranic from City Commercial Property.
Know of a commercial leasing deal? <a target="_blank" title="Email us" href="mailto:news@propertyobserver.com.au">Let us know</a> to have your deal included in next week's listing.
</body></html>

<html><body>
<img src="/images/stories/2100.jpg">
The size of a two-level building that greeting card company JSA has committed to lease for 10 years in Investec Bank’s Mulgrave Business Park. CBRE associate director of office services Richard Height acted for Investec Bank while Frank Vinci, director of Vinci Carbone Property, acted as JSA’s exclusive broker.  The park is located 382 Wellington Road, Mulgrave in Melbourne’s southeast. Vinci Carbone Property sold JSA’s Clayton complex for $10,000,000 in late 2010.
 
<hr>
 
 
<img src="/images/stories/716.gif">
The amount space that infrastructure solutions group CommScope will rent on the second floor of the newly-completed IC Enterprise 1 building in the University of Wollongong’s Innovation Campus. CommScope has signed a six-year lease and will join tenants including BHP Billiton, Illawarra Coal and international business process outsourcing firm Mphasis. IC Enterprise 1 is a $40 million A-grade commercial building featuring large floor plates of up to 2,600 square metres.
 
<hr>
<img src="/images/stories/440.gif"> 
The gross rent per square metre per annum that Prospecta Software (Australia) Pty Ltd will pay to lease a 64-square-metre office space at 275 Alfred Street from Fivex Commercial Property. The lease term is 18 months, with the deal negotiated by Laura Hilder from Aspace Estate Agents.
 
<hr>
<img src="/images/stories/18000.gif"> 
The upper range of space <a target="_blank" href="https://www.propertyobserver.com.au/office/westpac-takes-paris-end-of-collins-leaves-docklands-to-other-banks/2011092251651">Westpac will lease in its new Melbourne headquarters at the Paris end of Collins Street</a>.  The bank is set to occupy between 14,000 and 18,000 square metres of office space in a new 20,000-square-metre, 10-level A-grade office tower to be constructed by Grocon and APN Property Group. About 1,000 square metres of the building will be set aside for retail use.
 
<hr>
<img src="/images/stories/294.gif"> 
The net rent per square metre per year that special effects company Makeup &amp; SFX will pay to lease a 639-square-metre site at 237-241 Broadway in the inner west of Sydney from Mary Capetan for five years. The deal was negotiated by Boe Saysouthinh from Deans Property.
Know of a commercial leasing deal? <a href="mailto:news@propertyobserver.com.au" title="Email us" target="_blank">Let us know</a> to be included in next week's listing.
</body></html>

<html><body>
<img src="/images/stories/160.jpg">
The net rent per square metre per year that My Baby Warehouse will pay to lease 1,500 square metres of warehouse space at 431-433 Great Western Highway in Wentworthville, NSW. The lease term is two years, with the deal negotiated by Tim Knapp and Nick Saba from Knight Frank.
 
<hr>
<img src="/images/stories/216.jpg"> 
The size of an office that personal injury legal firm Rennick Briggs Lawyers has agreed to lease for five years in the heart of the Melbourne CBD legal precinct, in a deal negotiated by Savills Australia. The office on level 15 at 190 Queen Street will provide the tenant with additional space to cater for recent business expansion, according to Savills associate director of office leasing Gordon Wyllie. The rental was not disclosed, however it is believed to be in the mid-to-high $300s per square metre gross.
 
<hr>
 
<img src="/images/stories/320.jpg">
The gross annual rent per square metre that security integration specialist Loop Technology Pty Ltd will pay to lease a 157-square-metre office at suite 3/20-22 Cliff Street, Milsons Point in Sydney from Metrotex International Pty Ltd. The lease term is three years, plus a three-year renewal option. The agreement was negotiated by Jay Sheffield from Raine &amp; Horne Commercial North Sydney.
 
<hr>
<img src="/images/stories/417sqm.jpg"> 
The size of a site that Illawarra Children's Services has leased at 69 Warrangarree Drive, Woronora Heights in South Sydney from Dinmul Pty Ltd. The not-for-profit organisation will pay net rent of $373 per square metre per year. The lease term is five years with a five-year option and was negotiated by Daniel O'Brien from CB Richard Ellis.
 
<hr>
<img src="/images/stories/316dollars.jpg"> 
The gross rent per square metre per annum that Prince Technologies will pay to lease a 110-square-metre office at level 1, 21 Chandos, St Leonards from B &amp; M Stacker. The two-year lease was arranged by Kellie Tattersall from Taylor Nicholas North Shore.
</body></html>

<html><body>
<img src="/images/stories/4000sqm.jpg">
The amount of industrial and office space that Australian-based property group Valad has leased in Gyroscoopweg, a 32,000-square-metre mixed-use, multi-let estate in Amsterdam in the Netherlands. The 4,000 square metres comprises five new leases with a combined total annual rental value of €331,000 ($440,000). Two new tenants, Dobson and Uzcudun B.V. and J.H. Oei Beheer B.V., have signed five-year leases on 815 square metres and 616 square metres respectively. The other three leases were renewals and expansions for existing tenants, including WMF Nederland B.V., which extended its lease on 1,353 square metres of predominantly office space for a further six years, while Welzorg Nederland B.V. took an extra 615 square metres of office and industrial space, making their total leased area more than 2,700 square metres. Alliance Mode B.V. also extended for another five years on 524 square metres of office and industrial space. Gyroscoopweg is close to Schiphol Airport.
 
<hr>
<img src="/images/stories/104410.jpg"> 
The net annual rent that Michael Roger Quality Meats Pty Ltd will pay to lease a 100.5-square-metre shop in the Burwood Plaza, a single supermarket-based centre located in the Burwood Town Centre, approximately 12 kilometres west of the Sydney CBD. The centre is owned by Centuria Property Funds, which also negotiated the deal. Burwood Plaza has total gross lettable area of around 12,400 square metres and is categorised as a sub-regional shopping centre.
 
<hr>
 
<img src="/images/stories/8number.jpg">
The number of commercial deals totalling 110,000 square metres in the last six months in the industrial suburb of Braeside in the City of Kingston, about 26 kilometres southeast of the Melbourne CBD. According to Savills Notting Hill office investments director, Ben Hegerty, Braeside is experiencing an industrial property renaissance with its lowest vacancy rate in at least five years as tenants are tempted by radically improved planned and completed road infrastructure and vie for limited space.
 
<hr>
 
<img src="/images/stories/385.jpg">
Roughly the amount Key Options Technology, an Apple authorised training centre, will pay in gross annual rent per square metre, following its decision to relocate to a 264-square-metre tenancy at 8 Cuthbert Street at Sydney's King Street Wharf in the CBD. The lease term is three years, with the deal negotiated by Ray White Commercial's Anthony Harris. He says 8 Cuthbert Street is just moments from King Street Wharf's bars and restaurants, comprising ground floor offices, internal stairs, mezzanine floor with own balcony, parking and rare signage usually associated with retail opportunities.
 
<hr>
<img src="/images/stories/1246.jpg"> 
The amount of space that health club operator Fitbodz will lease at the Burwood Plaza in the Burwood Town Centre approximately 12 kilometres west of the Sydney CBD. Fitbodz will pay net annual rent of $84,516 plus GST. The centre is owned by Centuria Property Funds, which also negotiated the lease agreement.
 
<hr>
<img src="/images/stories/475.jpg"> 
The gross annual rent per square metre that family history website ancestry.com.au will pay to lease 145 square metres of space at Level 3, 387 George Street in the Sydney CBD in a transaction completed by Ray White Commercial office leasing director John Skufris, who negotiated the deal on behalf of private investment group Lionmar Holdings. Ancestry.com.au has secured a five-year lease. “Located opposite Mid City, the building has long been home to destination camera and electronics retailer Georges Cameras as well as for Weight Watchers,” Skufris says.
Know of a commercial leasing deal?<a href="mailto:news@propertyobserver.com.au" target="_self"> Let us know</a> to be included in next week's listing.
</body></html>

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" />

&nbsp;

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.

Joel Robinson

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]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

Larry Schlesinger

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News