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Global toll road traffic levels may not fully recover to pre-pandemic levels until 1Q23, although the pace of recovery will vary significantly between countries and regions, Fitch Ratings says in its latest quarterly tracker for the sector. 
As China is ahead of the rest of the world by two to three months in terms of the pandemic, Fitch Ratings expects that its traffic profile may initially provide some insight into other countries' recovery profiles. Fitch's expectations for full traffic recovery ranges from 1Q21 to 1Q23 for the US, European, Australian and Latin American toll road networks included in the tracker, although the timing and shape of the recovery are uncertain. 
Traffic recovery is well underway but has stalled recently in some countries where coronavirus infection rates are rising.
Toll road performance remains vulnerable to significant worsening of the pandemic, particularly if there are strict new lockdowns. 
However, future lockdowns may be less stringent, with governments reluctant to impose generalised lockdowns again given the high economic impact.
<a href="https://www.propertyobserver.com.au/images/2020/9/fitch%20toll.png" target="_blank">Click here</a> to enlarge: 
 <img src="https://www.urban.com.au/images/2020/9/fitch%20toll.png" alt="">
Source: Fitch Ratings 
Fitch developed a Coronavirus Rating Case and a Coronavirus Severe Downside Case to assess the potential impact of the pandemic on rated toll roads. 
In both cases Fitch considered issuers' ability and intention to reduce operating costs and tap into balance-sheet flexibility, with capex growth plans deferred and dividends reduced. Rating actions on European and Asia-Pacific toll roads were mostly limited to Outlook revisions under the Coronavirus Rating Case, reflecting resilience, but it is likely that most of these ratings would be downgraded by one or two notches under the Coronavirus Severe Downside Case, as leverage metrics would typically be above the negative rating sensitivity. The ratings of most US network toll roads were affirmed with a Stable Outlook, reflecting the ability to withstand a severe but temporary revenue shock in 2020. 
However, it is likely there would be many downgrades by one or two notches under the Coronavirus Severe Downside Case. 
More than half of rated toll roads in Latin America were downgraded by one or two notches, reflecting their sensitivity to the economic performance of the region they serve. The report "Coronavirus Global Toll Road Traffic Tracker" is available at <a href="http://74n5c4m7.r.eu-west-1.awstrack.me/L0/http:%2F%2Fwww.fitchratings.com%2F/1/01020174961b54d4-7e963bb9-4c91-4b54-a0df-15386acf0df3-000000/pNj51y0Dl1j43au3VvxX3OwRzrw=180" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">www.fitchratings.com</a> or by clicking the link above.
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j.ballantyne1990-6AQqhLzZaK

Global Toll Roads May Not Fully Recover Until 1Q23: Fitch Ratings 

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Australian architecture firm Billard Leece Partnership has announced a new leadership team as part of an executive restructure developed by the board.
The new team will feature 12 principals and 11 associates with Tara Veldman appointed as managing director.
Veldman established BLP’s Sydney office over a decade ago, building the studio to 70 staff with a range of health, schools and tertiary projects.
In her new position, Veldman hopes that she can assist BLP on shaping the future of Australian social infrastructure.
“We design for a healthy world. We are focused on re-envisaging hospitals, health hubs, education precincts, high tech research labs, residential communities and continuing to pioneer new ways of working”, she said.
BLP has been operating for 25 years, now with a 130-strong team with offices in Melbourne and Sydney.
The company’s board sees Ron Billard, Mark Mitchell and Adam Muggleton joining Veldman, with non-executive directors, Tim Shannon and David Tregoning.
The leading architecture firm has delivered many award-winning projects, including the Royal Children’s Hospital in Melbourne, the University of Sydney Health Precinct and the Hong Kong’s Children’s Hospital.
Their projects are now valued up to $2 billion and is currently engaged in the planning of the Children’s Hospital Westmead and the Sydney Children’s Hospital Randwick projects.
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Billard Leece Partnership announces new leadership team

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Ray White Commercial Queensland settled around $8.5 million of property deals in the Banyo and Northgate precinct alone in July, over two transactions.    The first transaction at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkcHJaYjJFQWIyQlFJdXc2UFZpK3pmOEtqYXR4VHdvRnBGYTZWM095ZFdSRjlGUnB6WGFVQ01tcm1NQlFzRmdoQ3Z6eWg3MDUwN3hGQUtKY2hKTURLc21QNDNRYnJrSFM5&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 2/71 Raubers Road</a> (above) in Northgate traded for an undisclosed amount, but industry sources revealed the price was in the mid three-million-dollar range.    The offering was a semi-modern industrial facility of 2,294sqm.
The site was purchased by a local owner occupier whose business was going exceptionally well in current market conditions.    The second transaction at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkcHJaYjJFQWIyQlFJdXc2UFZpK3pmOEtqYXR4VHdvRnBtRGdSRkZYaDErUklUM2ZkR05yOUlORW1KWHpQTEVja01hRVRESnJYNWdqWXNHdGN6eDZtVTVHYzNTZ3RNdXFn&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 6/459 Tufnell Road</a> (below) in Banyo settled for $5,300,000. 
The property was sold via a sale and lease-back process.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/Lot%206%20459%20Tufnell%20Road%20Banyo%20-%20%2011%20v2.jpg" alt="">
Moto National Accessories committed to a five plus five-year term, at a commencing rental of $328,125. 
The price achieved equated to an initial yield of 6.19 per cent, or $2,309 per sqm on GFA.   “We’re not surprised by the interest in the Banyo and Northgate precinct. Trains, planes and automobiles drive industrial transactions, and this pocket ticks all those boxes,” said Ray White Commercial Queensland Manager Andrew Doyle.   “Further to the sales we’ve settled, we’ve observed another $22,000,000 in transactions through the Northgate and Banyo precinct since COVID-19. This definitely highlights the comfort level buyers have in this area,” said Ray White Commercial Queensland Manager Aaron Aleckson.   “In a market like the current one, it’s important as an agent to get a sense of what buyers want,” said Ray White Commercial Queensland Director – Brokerage services Paul Anderson.
“We clearly have that read now, and we’re very pleased to be offering a new opportunity in the Banyo and Northgate precinct – which is a brand-new industrial asset leased to Domayne”.    Ray White Commercial Queensland is offering <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkQUdvcXBWT3p0aThVa3RCVWZNbUZzQ3ltb29GRnZRVGtFQzRteU5tbm01UDhoQUY1ODdIdWgrM0ZxUjUwL1N5UnpncXY1bVQ3bUxnODNaNE9rK2Z3WkkyQUZPSWJnbVZXU0dzUWdwQTlFaE09&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" data-auth="NotApplicable">Lots 16 and 17/62 Crockford Street</a> (above) in Northgate for sale via auction on October 16.   The property is a brand-new facility of 2,358sqm on a 4,000sqm allotment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/LOTS%2016%20NORTHGATE.jpg" alt="">
It has been leased to Domayne at an annual rental of $330,000 per annum net, with a primary lease term expiry of April 2027.   
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Banyo and Northgate, Queensland see $8.5 million of property deals

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Woodlea has revealed plans for an innovative aged care and retirement precinct within its growing estate.
Located in Melbourne’s western growth corridor and currently home to 7,000 residents, Woodlea sought to redefine residential living from the outset by creating and raising the bar for a new suburb where families can live a better life. 
The area earmarked for the aged care and retirement precinct is co-located within the new $45 million Woodlea Town Centre development.
It has the potential for over 100 Independent Living Units, Retirement Living Apartments and an Aged Care Facility.
Victoria Investments &amp; Properties (VIP) and ASX listed Mirvac, in collaboration with Knight Frank, is seeking an independent project partner to bring this opportunity to life.
Woodlea Project Director Matthew Dean said this offering would effectively close the loop on ensuring every age and demographic is catered for within the Woodlea community.
“There are aged care and retirement units within the surrounding area but there is nothing of this size or calibre that integrates different living options within the same precinct.
“Woodlea is unlike any other master-planned community due to its sheer size and offering and as it continues to flourish and more amenities are delivered, we are continually looking for ways to innovate to ensure it is responding to the needs of its residents and the surrounding communities,” he said.
Spanning 711 hectares, Woodlea is fast becoming a major asset for the west, comprising prestigious schools, destination style playgrounds, parks and sporting facilities and will be home to a large-scale Town Centre with a 3500sqm Coles.
Upon completion, the master-planned estate is forecast to be home to over 20,000 residents.
It will see over 30 per cent of the estate dedicated to open space - including native woodlands and wetlands and pocket parks. 
In addition, two childcare centres, two public schools and Bacchus Marsh Grammar Primary School, as well as an abundance of sport and recreation facilities will be available.
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Woodlea reveals aged care and retirement precinct

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A long-waited development site in the centre of Maryborough has hit the market via expressions of interest.    The substantial 6.8ha land area with dual street frontage is centrally located at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=WDlEeE43WHk4cDU3VXV3SEx6K1g3a0FGK28vMDZVUHBNTmdGelRVTnpGTkhrYzNZMlp2R3gzbm5MZW1BWXhEUmpqQlJQODk3NmE0RVBLQ1J6c2NxUThUM1BUZlV2S3lteXQ1d3ZYN0NZT3VJY2NZYklENWJuNVVmR09hR1hITmo3VVRBZDFMU0l6UCtON3VZenFBdVJmbGY2eE9aRlQxbHhuZ0Z3S0FEWjRlMmI1eVVGb1c3M1NONndFL3JqdVdq&amp;rh=ff006881b6ec913c13708079ee4bb2af5d5ee0de" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 183, Neptune Street</a>.
It benefits from being level with all essential infrastructure directly adjacent.   The property is being marketed by Ray White Special Projects Qld Directors Mark Creevey and Tony Williams, along with Ray White Maryborough Principal Guy Meredith. “The site is designated Community Facilities and Community Hub zone and the existing building is approved for a Community Care Facility,” Mr Creevey said.   “Land parcels of this size with any sort of approval already in place are highly sought-after throughout Queensland and we’re anticipating a lot of interest in this one.”   “A real gem of this site is the potential for alternate residential development (STCA) along with concept plans for major health-based mixed-use development,” Mr Williams said. The property is just 500m to Maryborough Hospital and is opposite PresCare Yaralla Aged Care Facility and is in close proximity to a vast array of facilities and amenities.”   “The parcel of land is minutes from the CBD in a well-regarded part of town and holds enormous potential for both mixed use and/or residential development (STCA),” Mr Meredith said. “Maryborough is just three hours north of Brisbane with a strong manufacturing hub and is the gateway to The Great Sandy Straits and Fraser Island.” 
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Maryborough development site hits the market 

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Global law firm Norton Rose Fulbright has advised Qube Holdings Limited, Australia’s largest integrated provider of import and export logistics, on the sale of its Minto industrial site to Charter Hall. 
The sale of the 30.6-hectare Minto site was first announced in July 2020 and, with approval from the Foreign Investment Review Board, settled on 15 September for around $207 million, reflecting an initial yield of 4.76 per cent. 
The site is located close to the South Sydney Freight Line, the M5, M7 and Hume Highway in NSW.
It will now form part of Charter Hall’s expanded industrial and logistics property portfolio, the $5.2 billion Prime Industrial Fund.
The site is fully leased to four automotive logistics tenants and is currently used for car import, storage and distribution, and has the potential to be developed as an intermodal rail terminal. 
Real estate partner Deanne Ogilvie acted on all aspects of the sale, including undertaking vendor due diligence, preparing and negotiating the contracts, and attending to exchange and settlement of the sale. 
“We have been acting for Qube for more than a decade and in regards to the Minto site for more than six years and are pleased to have assisted Qube on this sale.
"The site is a strategic property asset – well located, fully leased and with the potential to be developed as an intermodal rail terminal – and is a key addition to Charter Hall’s growing portfolio," Deanne said.  
In addition to the Minto site, Qube Holdings Limited is assessing funding and ownership options for one its most significant real estate sites, the Moorebank Logistics Park. 
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Minto industrial estate of Qube Holdings Limited sold for $207 million

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Premium investment properties remain highly sought after by private, high-net-worth investors, according to Colliers International.
Paul McGlynn and Harry Bui of Colliers have sold McDonald’s Bella Vista (pictured above) to a private Asian investor from Melbourne for $6.65 million on a net yield of 3.1%. 
The acquisition was for a 2,885sqm long-term ground lease. 
McDonalds Australia constructed a brand-new single level restaurant with dine-in and drive-thru take-away facility, open to the public since May 2019.
Mr McGlynn and Mr Bui will be also taking the adjoining Shell Service Centre Bella Vista (pictured below) to the market for sale by international expressions of interest.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/Norwest_060820_36%20Large.jpg" alt="">
Both properties are located in a gateway position at the entrance of Norwest Business Park within the north-west growth corridor in Sydney’s Hills District.  
On a 2,813sqm site, this new Shell service station with an annexed café is anticipated to receive high levels of interest from both local and international investors.
The opportunity benefits from its premium location in Norwest Business Park, long WALE profile of 10 years by income, strong annual rental escalation, and head lease to Viva Energy Australia with a fully leased net passing income of around $604,544 per annum. 
“Premium investment properties with long leases such as a freestanding petrol station leased to Viva Energy, 7-Eleven, Caltex, BP or freestanding fast food sites like McDonald’s are currently very sought-after,” said Harry Bui, National Director, Investment Services at Colliers International. 
“Private high net worth investors are the most common buyer profile within the sub-$20million investment market, while both property syndicates and consortiums showed increased interest towards premium investment assets with longer WALE’s and company leases to national blue-chip corporate tenants.” 
There have been several significant national portfolio sales for premium investments in the past year.
This includes; 33 7-Eleven petrol stations, which sold for $156 million in October 2019 and February 2020 with an average yield of 4.76% and; 25 Caltex petrol stations sold for $133 million in November 2019 with strong underlying land values for future development.  
Charter Hall also took a 49% stake in a portfolio of 225 BP petrol stations in Australia, worth $1.7 billion with a weighted average lease expiry (WALE) of 20 years which was the biggest deal of 2019. 
Paul McGlynn, National Director, Industrial at Colliers International said that the Norwest area where both properties are located will benefit from major State and Federal Government projects.
“Norwest is in the suburb of Bella Vista which is surrounded by major State and Federal Government infrastructure projects, specifically the North-West Metro which opened in May 2019, North-Connex due to open next month, the re-development of Parramatta CBD (11 kilometres South) and establishment of the new second Western Sydney Airport (43 kilometres West).”
“These infrastructure projects coupled with substantial increases in new residential dwellings and population growth locally will rejuvenate and promote Western Sydney, helping the area to become a major economic powerhouse.”
Colliers International will also be bringing a brand-new, flagship BP in Tighes Hill, Newcastle to market. 
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Two Norwest properties in Sydney indicate premium investments remain sought after

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MaxCap Group has closed funding for ‘Ivanhoe Gardens’, a large scale residential project with an end value of $140 million in Ivanhoe Melbourne to be developed by Blue Earth Group (BEG).
MaxCap Group is a Australia and New Zealand’s commercial real estate lender and investment manager.
The MaxCap Funding Facility is for the construction of stage one of the master plan development and it will cover two buildings in the project, to be known as ‘Bloomsbury’ and ‘Everleigh’ comprising of 235 apartments.
The project is well located in the leafy north eastern suburb of Ivanhoe and residents will have direct access to public transport, with a metro train station and bus stops along Bell Street. 
Residential amenities at ‘Ivanhoe Gardens’ will include a wine cellar, cinema, on-site ‘click &amp; collect’, fitness centre, indoor squash court, sauna, game room, golf simulator and co-working space.
Brae Sokolski, Founder MaxCap Group said “MaxCap has a long proud history of funding Australia’s leading private developers. This transaction represents the 14th project we have partnered together with Blue Earth Group.”
Carlton-based Blue Earth Group was founded by Michael and Omran Dib and commenced operations in 1993.
The Group has since grown to become one of Melbourne’s most highly regarded and active developers, with over 2000 apartments in the current pipeline.
“We develop apartments that revolve around people,” said Mr Michael Dib.
“These are beautiful vibrant spaces that draw inspiration from the 21st century lifestyle."
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MaxCap funds Blue Earth Group’s Ivanhoe residential development project

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The Local Business Awards have named Marites Idea Novis as Blacktown’s business person of the year.
Novis’ business, Qfirst Property Investment Group, has also been named this year’s outstanding real estate agency.
The Sydney-based entrepreneur founded Qfirst in 2017.
“It is hard to put this feeling into words. Nevertheless, I am very honoured to receive these two awards as recognition of my hard work and that of the entire Qfirst Property Investment Group team,” she said.
Qfirst is geared specifically toward first-home buyers and investors, specialising in marketing pre-developed projects as well as finished properties.
“I established Qfirst Property Investment Group with the sole purpose of guiding and advising first-home buyers and investors on everything they need to know to reach their financial goals through property investment”, Novis said.
In one year, Qfirst has sold more than $75 million worth of properties.
This isn’t the first of Novis’ business endeavours, however. At the age of 29, she founded a family-owned Philippines-based company Quezon First Engineering Services.
The businesswoman also hosts seminars specifically aimed at helping first-home buyers and investors to better understand the ins and outs of the property market.
She describes the Qfirst Property Investment Group as the “new frontier” of the reale state industry.
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Qfirst Property Investment Group named outstanding real estate agency

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A waterfront home with harbour views in Sydney's Lower North Shore has been sold for $6 million. 
The five bedroom, three bathroom residence is situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-linley+point-134077690" target="_blank">18 Brooks Street, Linley Point</a>. 
It offers gourmet island kitchen, enteriners' balconies, rumpus room, home cinema, wine cellar and two car space. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/linley%20pt%202.jpg" alt="">
The home also features swimming pool, wet bar, gym, gas fireplace and water views. 
Nestled on a 749sqm block, the home is set in a cup-de-sac with private access to the waterfront. 
Tracey Dixon and Brent Courtney of McGrath Hunters Hill sold the property.
It was last sold in 2016 for $4.366 million. 
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Linley Point waterfront home with harbour views sold 

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

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Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Staff reporter

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