<html><body>
Construction is now underway on La Trobe University’s $100 million student accommodation project at its Melbourne campus in Bundoora.
It is the largest investment for a single project in the university’s history.
The project is part of a $5 billion plan to transform its Bundoora campus into a University City of the Future.
JCB Architects have designed the sustainable and environmentally-conscious spaces, with construction by Multiplex.
Providing an additional 624 beds, the accommodation will be delivered in two new buildings that will utilise mass timber construction to be the largest project of its kind in Victoria.
The accommodation will comprise a range of apartments and common amenities spaces, as well as landscaping connecting the two buildings.
<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/2019/4/26/18-040_La%20Trobe_6%20-%20Photo.jpg" alt="">
La Trobe’s Vice-Chancellor Professor John Dewar said the project will greatly enhance the experience of students living on campus.
“Our exceptional new accommodation will enable more of our students to live on campus, close to where they are studying,” Dewar said.
Graham Burrows, Director at JCB Architects, said the company was thrilled to be part of such an exciting and creative project.
“The design of the new buildings is very much inspired by the extraordinary landscape in which they sit,” Burrows said.
“As the largest mass timber project in Victoria, the buildings will not only offer huge environmental benefits, but they will also provide calm and beautiful spaces in and around which both resident students and the wider La Trobe community can interact.”
Multiplex Regional Director Ross Snowball said this is an innovative and ambitious project which Multiplex is also pleased to be part of.
“We are particularly passionate about emerging design technologies which respond to environmental and sustainability needs, and we love working with universities – so this project perfectly marries the two and I’m really looking forward to seeing the outcome next year,” Snowball said.
Dewar said the accommodation development project would be a major boost to the local economy, with construction supporting more than 500 direct and indirect jobs.
</body></html>

j.ballantyne1990-6AQqhLzZaK

La Trobe University starts $100 million student accommodation project at Bundoora campus

<html><body>
Construction is about to commence shortly on a new health and wellness centre at 101 Collins Street.
The commercial tower, which is managed by AXA Investment Managers – Real Assets, will be home to  two studios with sprung floors and heated ceiling panels, equipped for a range of activities including yoga, pilates, barre, meditation, HIIT and a range of cardio-based classes.
The studios will be located alongside three specialist consultation rooms offering services such as physiotherapy, osteo therapy, chiropractic’s and remedial massage. 
The wellness centre, designed by Australian architects Gray Puksand, will be for the exclusive use of 101 Collins Street tenants.
Construction of the facility is slated to commence in April, with completion expected in October 2019. 
The wellness centre is the second phase of a comprehensive strategic asset plan, said Brett Dillon, Head of Funds Management at AXA IM-Real Assets.
“For almost three decades, 101 Collins Street has held the position as Melbourne’s pre-eminent office address, but we can’t afford to be complacent,” said Dillon.
“Our team is focused on responding to evolving tenant needs, new trends in technology and innovation, so our projects will continue to set new benchmarks in the premium space market.
“Wellness offerings are an essential element of today’s modern workplace, so we are excited to announce that construction will shortly commence on this industry-leading amenity at 101 Collins Street.”
Tenants at the 57-storey 101 Collins include Herbert Smith Freehills, Allens Linklaters, Goldman Sachs, and J.P Morgan.
</body></html>

New wellness centre for 101 Collins Street tenants starts construction 

<html><body>
The South Sydney coach Wayne Bennett and his fiance Dale Cage have sold their Brisbane near riverside home.
It sold within 18 days of its listing through Ray White for $2.12 million to a local family who were downsizing.
The property at<a href="https://protect-au.mimecast.com/s/LbJNCyojoDhyQ0lQTMsiKB?domain=raywhite.com" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/LbJNCyojoDhyQ0lQTMsiKB?domain%3Draywhite.com&amp;source=gmail&amp;ust=1556327906575000&amp;usg=AFQjCNEISMJeEqDAjieWhQPBHJHjxrbGdw"> Yeronga</a> attracted some interest from Sydney buyers.
They paid $1,975,000 in late 2016 when Bennett just wrapped up his second season in his second stint at the Brisbane Broncos.
Set on the high side of the dress circle Brisbane Corso, the home spans three levels.
It has four bedrooms, a home office, media room and a heated pool. 
The home built by local builders Grayhaus shortly before Bennett and Cage bought it.
The couple could now move to buy in Sydney as they have been renting in Sydney's coastal eastern suburbs.
He's never been that into Sydney property, preferring to keep his expansive portfolio up north.
Bennett still hangs on to a $1.96 million Brisbane city apartment and investments in Moffat Beach and Gladfield.
Bennett's Brisbane home sits just one street back from the Brisbane River.
Bennett met Cage during his two year stint as head coach at Newcastle Knights when Cage was working as a secretary at a performance physiotherapy clinic.
He coached the Broncos for 21 consecutive seasons from their first season in 1988, during which he resided much of the time at a home at Mount Ommaney.
His NSW coaching stints have been in the Illawarra and Newcastle districts, neither of which appeared to have ignited any passion for property.
Cage said the couple looked all over Brisbane when we were looking to buy "from Ascot and Hamilton and we both fell in love with this house together".
“It’s a warm, inviting and modern home and it’s made for entertaining,” Cage said.
“It’s a wonderful street we live in, there’s good company all around. It’s a great house too that is very low maintenance.
“As soon as we walked in we knew it was right for us, and it would suit a big family as it’s got a heated pool and four big bedrooms, two of which are ensuited.”
</body></html>

Wayne Bennett sells Brisbane home for $2.12 million 

<html><body>
Australia’s banking sector is in recover mode after being hit by the perfect storm of influences, according to a new industry survey from Stamford Capital. 
Due to the effects of APRA restraints, the Royal Commission and resulting Hayne Report, pre-sale criteria continues to constrict residential development, according to Stamford Capital’s Real Estate Debt Capital Markets Survey 2019.
The survey found lenders are looking to size up loan books and scramble to develop new products for the changing market and many anticipate an interest rate decrease.
More than 100 active lenders participated in the national survey from major trading banks and non-bank lenders to super funds, foreign banks, private financiers and second-tier trading banks. 
Stamford said the survey aims to be a barometer of lending sentiment and an early identifier of market trends.
Overwhelmingly, the sentiment is that the residential apartment and housing market is in decline, according to the survey.
85% of respondents believe the residential markets are in decline, up from just 50% in 2018.
<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/2019/4/11/MICHAEL_MG_0430.jpg" alt="">
“The pre-sales hurdle is now a barricade in the market and this is where we are witnessing one of the biggest divides between bank and non- bank lenders. It is no surprise that non-bank lenders are continuing to gain momentum in this market,” said Stamford Capital Executive Director Michael Hynes (pictured above).
The Stamford Capital Survey reveals that while 84% of major and second-tier banks require pre-sales of between 60 to 100%, 34% of non-bank lenders have no pre-sale commitment requirement.
Survey respondents also forecast an interest rate decline in 2019 which could prop up the residential sector - with 29% believing rates would drop, up significantly from just 3% in 2018.
Interest Cover Ratio (ICR) has replaced Loan Value Ratio (LVR) as the preferred metric for bank credit assessments and 60% of term-debt lenders see an ICR of 1.5 times for investment lending with banks seeking at least two times ICR.
“Lenders are definitely looking to find their feet in this rapidly changing landscape and typically the non-bank lenders are nimbler at this as they are not governed by APRA,” said Hynes.
A third of respondents revealed concerns are limited to specific locations and market sectors with the top three identified for risk:
<ol>
<li>Inner-city residential apartment oversupply in inner-urban areas of Sydney, Melbourne and Brisbane;</li>
<li>Pre-sales settlement defaults in new residential projects; and</li>
<li>Under-performing retail assets</li>
</ol>
Despite weakening market sentiment and rigid lending criteria for banks, the survey revealed that 73% of respondents are looking to increase the size of their loan book, down from 92% last year.
A whopping 90% of non-bank lenders expect to increase or maintain their loan book size with 62% indicating they expect increasing by 15%.
“Non-bank lenders are growing in terms of volume and appetite in this market, while the banks have pared back - adding further fuel to the fire in an already dynamic commercial finance sector this year,” said Executive Director of Stamford Capital, Domenic Lo Surdo.
However, the non-bank sector may soon face greater restrictions on lending criteria reducing their competitive edge – with 65% of Stamford Capital Survey respondents saying they expect APRA to increase oversight.
But while lenders remain cautious about market risks, Stamford Capital’s survey revealed many are developing innovative ways to cater to investor demand with 41% of respondents looking to introduce new products in 2019-2020.
Build-to-rent is a firm favourite new product with more than half of respondents looking to introduce loan facilities catering to this market, with 36% focusing on investment loan products and 34% on stretched senior debt investment products.
Crowdfunding is unlikely to make an impact in Australia with only 9% of respondents viewing it as a credible commercial lending option.
The outlook is not entirely bleak with increasing flexibility for investors who conform to criteria.
“All lenders are competing for quality investment applications to replace their construction loan books so investors are tipped to come out on top and those who tick the boxes will get competitive finance deals,” said Lo Surdo.
Non-banks however will have an increased appetite for investment and construction lending, transacting construction deals that don’t meet the banks criteria.
75% of survey respondents anticipate non-bank investment loan appetite will increase with 36% predicting investment margins will also increase.
Further, 67% of respondents anticipate non-bank appetite for construction loans will increase with 48% forecasting an increase in construction margins.
</body></html>

Pre-sale criteria continues to constrict development: Stamford Capital

<html><body>
Lago, a newly renovated, architect designed home surrounded by a national park and beaches on the South Coast of NSW is on the market with a price guide of $850,000.
Sharon Deadman and Allan Deaman of Ray White Bendalong/Manyana have the listing.
Built in the 1960s, the holiday home at <a href="https://www.realestate.com.au/property-house-nsw-bendalong-130759954" target="_blank">9 Pine Street, Bendalong</a> has recently been renovated throughout.
It last traded at $430,000 in 2014.
Architecturally designed, the open plan living area comes with a new bespoke kitchen with stainless steel fridge, dining area, and living room opening out onto the timber deck/balcony.
<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/2019/4/26/bendalong%202.jpg" alt="">
There are two light filled bedrooms looking out to the bushland. 
Downstairs comprises a new laundry, separate toilet, outdoor shower, and a large deck with a storage area. 
<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/2019/4/26/bendalong%203.jpg" alt="">
Nestled on a 658 square metre block, Lago features views to the native forest at the rear and sea views from the outdoor balcony at the front. 
Positioned just north of Bendalong village with the Bendalong General Store and Cafe, Lago is a 20 minute drive to the township of Milton, three-hour drive to Sydney and two-and-a-half-hour drive from Canberra.
It had last sold at $430,000 in 2014. 
</body></html>

Renovated 1960s Bendalong holiday home surrounded by national park listed

<html><body>
Jason Georges, has become the latest sales agent to join the LJ Hooker Avnu team as it continues to make its mark in the blue chip Lower North Shore. 
LJ Hooker Avnu now claims to have the largest market share in arguably Australia’s most valuable suburb, Mosman.  
Georges was previously with Ray White Willoughby, where he was recognised as one of their top 10 agents in the Sydney region.
Despite slowing market conditions in Sydney, since joining LJ Hooker Avnu Georges has already signed seven listings totalling over $13 million. 
“We’re thrilled to welcome Jason to the team at LJ Hooker Avnu," Christine Mikhael, LJ Hooker Avnu chief performance officer said,” said Mikhael.
“His intimate knowledge of the Willoughby and surrounds second to none and his track record is impressive.”
LJ Hooker Avnu hopes to supercharge its sales agents’ abilities to serve their clients, by creating a technology enhanced full-service agency.
By streamlining much of the administration demands of their day-to-day activities and utilising platforms and tools which create much greater efficiencies, sales agents are freed-up to spend more time on client facing activities.  
“I grew up in the Lower North Shore, so I feel very connected to the area,” Georges said.  
“The area has evolved in that time, and so has real estate. How real estate was transacted 10 years ago, even two years ago, has changed.  
“My clients now want to know what’s happening in their sales journey in real time.”
</body></html>

LJ Hooker Avnu expand with Jason Georges joining in Willoughby

<html><body>
Move aside electric cars, another disruption set to occur in the next decade is being ignored in current <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-18/coalition-says-it-is-not-anti-electric-cars/11029222" target="_blank">Australian transport infrastructure debates</a>: electric aviation.
Electric aircraft technology is rapidly developing <a href="https://www.magnix.aero/about-us/">locally</a> and overseas, with the aim of potentially <a href="https://www.nbcnews.com/mach/science/electric-planes-promise-big-benefits-air-passengers-planet-ncna862001" target="_blank">reducing emissions and operating costs by over 75%</a>. Other countries are already <a href="http://www.bbc.com/future/story/20180814-norways-plan-for-a-fleet-of-electric-planes" target="_blank">planning for 100% electric short-haul plane fleets</a> within a couple of decades.
Australia relies heavily on air transport. The country has the <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">most domestic airline seats per person</a> in the world. We have also witnessed flight <a href="https://www.pc.gov.au/inquiries/current/airports-2019/issues/airports-issues.pdf" target="_blank">passenger numbers double</a> over the past 20 years.
Infrastructure projects are typically planned 20 or more years ahead. This makes it more important than ever that we start to adopt a disruptive lens in planning. It’s time to start accounting for electric aviation if we are to capitalise on its potential economic and environmental benefits.
What can these aircraft do?
There are <a href="https://mashable.com/feature/electric-airplanes-future-flight/#ZR4G.vl9cZq3" target="_blank">two main types</a> of electric aircraft: <a href="https://www.harbourair.com/harbour-air-and-magnix-partner-to-build-worlds-first-all-electric-airline/" target="_blank">short-haul planes</a> and vertical take-off and landing (<a href="https://lilium.com/" target="_blank">VTOL</a>) vehicles, including <a href="https://www.engineersaustralia.org.au/News/passenger-carrying-drones-now-reality" target="_blank">drones</a>.
The key issue affecting the uptake of electric aircraft is the need to ensure enough <a href="https://www.technologyreview.com/s/612351/top-battery-scientists-have-a-plan-to-electrify-flight-and-slash-airline-emissions/" target="_blank">battery energy density</a> to support commercial flights. While some <a href="https://theconversation.com/why-arent-there-electric-airplanes-yet-103955" target="_blank">major impediments</a> are still to be overcome, we are likely to see short-haul electric flights locally before 2030. <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-01-04/first-electric-plane-passenger-flights-in-australia-to-rottnest/9304424" target="_blank">Small, two-to-four-seat, electric planes</a> are already <a href="https://particle.scitech.org.au/tech/aussie-first-electric-plane-takes-to-wa-skies/" target="_blank">flying in Australia today</a>.
<iframe src="https://www.youtube.com/embed/_UhOYtq1_Ag?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
An electric plane service has been launched in Perth.
A scan of global electric aircraft development suggests rapid advancements are likely over the coming decade. By 2022, <a href="https://www.greentechmedia.com/articles/read/siemens-to-supply-motors-for-eviations-all-electric-airplanes" target="_blank">nine-seat planes</a> could be doing short-haul <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-10-27/electric-passenger-planes-four-years-away-says-tech-firm/10401950" target="_blank">(500-1,000km)</a> flights. <a href="https://www.flightglobal.com/news/articles/easyjet-outlines-progress-on-electric-jet-453088/" target="_blank">Before 2030</a>, small-to-medium <a href="https://electrek.co/2018/10/29/electric-flying-is-becoming-a-reality-says-easyjet-ceo-electric-plane/" target="_blank">150-seat planes</a> could be flying up to 500 kilometres. Short-range (<a href="https://www.dezeen.com/2019/01/28/boeing-autonomous-passenger-drone-flying-car/">100</a>-<a href="https://www.forbes.com/sites/michaelgoldstein/2019/01/14/bell-nexus-vtol-air-taxi-makes-a-splash-at-2019-consumer-electronics-show/#2c8801fb2e31" target="_blank">250 km</a>) VTOL aircraft could also become viable in the 2020s.
If these breakthroughs occur, we could see <a href="https://www.businesswire.com/news/home/20170405005365/en/Zunum-Aero-Developing-Hybrid-Electric-Aircraft-Fast-Affordable" target="_blank">small, commercial, electric aircraft</a> operating on some of Australia’s busiest air routes, including Sydney-Melbourne or Brisbane, as well as opening up new, cost-effective travel routes to and from regional Australia.
<a href="https://images.theconversation.com/files/267813/original/file-20190405-180014-57189i.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/267813/original/file-20190405-180014-57189i.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Possible short-haul electric aircraft ranges of 500km and 1,000km around Melbourne, Sydney and Brisbane. Author provided
Why go electric?
In addition to new export opportunities, as shown by <a href="https://thedriven.io/2019/04/22/australias-magnix-chosen-to-power-eviation-electric-aircraft/%E2%80%8B">MagniX</a>, electric aviation could greatly reduce the financial and environmental costs of air transport in Australia.
Two major <a href="/news">components of current airline costs</a> are fuel (27%) and maintenance (11%). Electric aircraft could deliver <a href="https://www.flightglobal.com/news/articles/eviation-secures-funding-for-all-electric-alice-454830/" target="_blank">significant price reductions</a> through reduced energy and maintenance costs.
Short-haul electric aircraft are particularly compelling given the inherent energy efficiency, simplicity and longevity of the battery-powered motor and drivetrain. No alternative fuel sources can deliver the same level of savings.
With conventional planes, a high-passenger, high-frequency model comes with a limiting <a href="https://www.sciencedirect.com/science/article/pii/S1361920912000703" target="_blank">environmental cost</a> of burning fuel. Smaller electric aircraft can avoid the fuel costs and emissions resulting from high-frequency service models. This can lead to increased competition between airlines and between airports, further lowering costs.
What are the implications of this disruption?
Air transport is generally organised in combinations of <a href="https://aeronauticsonline.com/the-airline-economics-of-the-bicycle-wheel-point-to-point-vs-hub-and-spoke-flying/" target="_blank">hub-and-spoke or point-to-point models</a>. Smaller, more energy-efficient planes <a href="https://blueswandaily.com/the-route-revolution-how-next-generation-aircraft-are-transforming-global-route-maps/" target="_blank">encourage point-to-point flights</a>, which can also be the spokes on long-haul hub models. This means electric aircraft could lead to higher-frequency services, enabling more competitive point-to-point flights, and <a href="https://research-repository.griffith.edu.au/bitstream/handle/10072/56018/89299_1.pdf;sequence=1" target="_blank">increase the dispersion of air services</a> to smaller airports.
While benefiting smaller airports, electric aircraft could also improve the efficiency of some larger constrained airports.
For example, Australia’s largest airport, Sydney Airport, is <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">efficient in both operations and costs</a>. However, due to noise and pollution, physical and regulatory constraints – mainly aircraft movement caps and a curfew – can lead to congestion. With a significant number of sub-1,000km flights originating from Sydney, low-noise, zero-emission, electric aircraft could overcome some of these constraints, increasing airport efficiency and lowering costs.
The increased availability of short-haul, affordable air travel could actively compete with other transport services, including <a href="https://www.sciencedirect.com/science/article/pii/S0967070X11000837" target="_blank">high-speed rail</a> (HSR). Alternatively, if the planning of HSR projects takes account of electric aviation, these services could improve connectivity at regional rail hubs. This could strengthen the business cases for HSR projects by reducing the number of stops and travel times, and increasing overall network coverage.
What about air freight?
Electric aircraft could also help air freight. International air freight volumes have <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">increased by 80% in the last 20 years</a>. Electric aircraft provide an opportunity to efficiently transport high-value products to key regional transport hubs, as well as <a href="https://www.businessinsider.com/amazon-and-ups-are-betting-big-on-drone-delivery-2018-3/?r=AU&amp;IR=T" target="_blank">directly to consumers via VTOL vehicles or drones</a>.
If properly planned, electric aviation could complement existing freight services, including <a href="https://www.dezeen.com/2017/02/23/ups-drone-launching-delivery-truck-design-technology-news/" target="_blank">road</a>, <a href="https://www.cnbc.com/2018/05/26/volans-i-drones-can-haul-cargo-for-500-miles-and-land-on-a-moving-ship" target="_blank">sea</a> and air services. This would reduce the overall cost of transporting high-value goods.
Plan now for the coming disruption
Electric aircraft could significantly disrupt short-haul air transport within the next decade. How quickly will this technology affect conventional infrastructure? It is difficult to say given the many unknown factors. The uncertainties include step-change technologies, such as <a href="https://www.maketecheasier.com/solid-state-batteries/" target="_blank">solid-state batteries</a>, that could radically accelerate the uptake and capabilities of electric aircraft.
What we do know today is that Australia is already struggling with disruptive technological changes in energy, telecommunications and even other transport segments. These challenges highlight the need to start taking account of disruptive technology when planning infrastructure. Where we see <a href="https://about.bnef.com/blog/energy-storage-620-billion-investment-opportunity-2040/" target="_blank">billions of dollars being invested</a> in technological transformation, we need to assume disruption is coming.
With electric aircraft we have some time to prepare, so let’s not fall behind the eight ball again – as has <a href="https://www.news.com.au/technology/innovation/motoring/huge-problem-with-car-prices-too-few-affordable-electric-vehicles-in-australia/news-story/64a87eb32a4a8d8c2fdc9664420058eb" target="_blank">happened with electric cars</a> – and start to plan ahead.
<a href="https://theconversation.com/profiles/jake-whitehead-3312" target="_blank">Jake Whitehead</a>, Research Fellow, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a> and <a href="https://theconversation.com/profiles/michael-kane-442924" target="_blank">Michael Kane</a>, Research Associate, Curtin University Sustainability Policy Institute, <a href="http://theconversation.com/institutions/curtin-university-873" target="_blank">Curtin University</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/get-set-for-take-off-in-electric-aircraft-the-next-transport-disruption-114178" target="_blank">original article</a>.
</body></html>

Get set for take-off in electric aircraft, the next transport disruption

<html><body>
A Melbourne based investor has paid $6.5 million on a 6.3% yield for a Campbellfield industrial facility with Hume Highway frontage.
Dawkins Occhiuto directors, Chris Jones and Walter Occhiuto brokered the deal.  
Located a short distance from the Metropolitan Ring Road, the 1608 Hume Highway property comprises a total building area of 4,949 square metres covering only 25% of the 16,550 square metre site.
It is leased to multinational tenant, Komatsu, on a seven year term expiring August 2020, at a current passing net rental of circa $411,000 per annum. 
Mr Jones said the Expressions of Interest campaign drew a strong field of local, interstate and off-shore buyers based on the property’s exceptional investment credentials.  
He said, “this property offered an excellent location and exposure right on the highway, a secure lease to a blue chip tenant, buildings and hardstand in very good condition and of high utility, high underlying land value, and significant future development upside with a low site coverage. It was hard to beat." 
“We are seeing strong yield compression, particularly for the best located, modern, industrial facilities with secure lease covenants, and that is likely to continue while industrial yields remain comparatively attractive vis-à-vis retail and office property, and while alternative assets classes are offering lower and/or more volatile return prospects,’’ Mr Jones added. 
The vendor was an interstate syndicator.
</body></html>

Campbellfield Industrial facility fronting the Hume Highway sold for $6.5 million

<html><body>
Seven individual Metro Petroleum service stations spread across NSW, VIC and QLD are headed to auction, at the same Sydney in-rooms event.   Sites at Broken Hill and Cootamundra in NSW, Bonnie Doon, Rutherglen, Cann River, Great Western in VIC and Texas in QLD are all going to be under the hammer on May 16.   The sites are marketed by Ray White Commercial NSW Director Michael Ajaka, Commercial VIC Director Paul Waterhouse and Commercial QLD Director John Dwyer.   Mr Ajaka said the portfolio of service stations, currently head-leased to Dib Group (trading as Metro Petroleum and a Shell service station at Cann River), offered investors exceptional opportunities to purchase premium investment properties.   “'Metro Petroleum' is a major petroleum brand with approximately 250 service stations and convenience stores across Australia’s east coast, including Western Australia and South Australia,” he said.
<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/2019/4/19/PRINT_Shell_Cann_River_133_7.jpg" alt="">
“Servicing a large base of wholesale customers nationwide, it makes the company one of Australia’s largest independent service station franchises.   “Service stations really are a solid investment and banks are still financing investors to buy them, which makes them particularly appealing in the current market.   “The operators have good sustainable businesses such as the fuel sales, convenience stores, and with some having cafes they also run on-site.   “These opportunities will appeal to a number of people, from mum and dad investors as part of their superfund portfolios, to high net-worth individuals with interest expected to come from locals, nationals and offshore investors   “Leases on the sites run until 2028, 2029, 2030 with options, with an annual rent increase of CPI as per lease, and tenants paying outgoings as per lease (excluding land tax and building insurance).'"
Service station location and details:   NSW – Ray White Commercial NSW Director Michael Ajaka   <a id="LPlnk195651" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGRRfjY0I8EBuIExwxzbeVsbuhKX/r1pFevSn3VIfLmZU=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         571 Beryl Street, Broken Hill, NSW 2880</a> Lease term with options 10 years + five years + five year + five years Commencement date 1 December 2018   <a id="LPlnk412210" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGJKCadd8OMjqFleKKoVl5m7x81vYjdkXNBSL8tPGFBNo=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         111 Sutton Street, Cootamundra, NSW 2590</a> Lease term with options 10 years + five years + five years Commencement date 1 August 2017   VIC – Ray White Commercial Vic Director Paul Waterhouse   <a id="LPlnk579059" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG9u9uZGomxbBu/2zFzDXsPeRSu23KUkTqOjJu7F/J4b0=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         1 Jones Street, Boonie Doon, VIC 3720</a> Lease term with options 10 years + five years + five years + five years Commencement date 1 July 2017   <a id="LPlnk3678" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGKfkRMUK57/KKEeAipBpXadv0lKwGi61PfPh6+f37vxw=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         155-163 Main Street, Rutherglen, VIC 3685</a> Lease term with options 15 years + five years + five years + five years Commencement date 1 December 2015   <a id="LPlnk816553" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGqdp6twqTXLIFaqGm1FdnTPChqLN9nmAFjtuyCnva7Tg=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         28 Princes Highway, Cann River, VIC 3890</a> Lease term with options 12 years + five years + five years + five years Commencement date 1 August 2017   <a id="LPlnk758652" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGfBzxsG4gjnMLhKlnt7GjZksdw4ouA5SBw3X3puuh0j4=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         116 Main Street, Great Western, VIC 3374</a> Lease term with options 11 years + five years + five years + five years + five years Commencement date 1 April 2018   QLD – Ray White Commercial QLD Director John Dwyer   <a id="LPlnk361010" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGC0xdXocb+cXytLqjXtn/jPUq9RmQXcp2&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         37 Greenup Street, Texas, QLD 4385</a> Lease term with options 15 years + five years + five years + five years + five years Commencement date 1 December 2015 
</body></html>

Seven Metro Petrol service stations set for auction

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The final three retail assets in Central Park Retail, in Sydney CBD's downtown precinct are being offered for sale in one line.
Central Park Retail is Frasers Property Australia and Sekisui House’s award-winning $2 billion mixed-use Central Park development. 
With the flagship 12-year project now nearing completion, the joint venture is divesting the remaining three retail assets – Central Park Mall, DUO Retail and Park Lane Retail – in one line.This transaction is the final component of the partnership’s divestment strategy.
Internationally recognised for the vertical gardens and heliostat, it was transformed from a former brewery site into a mixed-use precinct with retail, commercial, hotel, education, student accommodation and residential uses.
“Central Park has redefined urban living in Sydney and Central Park Mall is the natural heart of this community. The precinct has won multiple awards in design and liveability and we are searching for the right buyer to keep the retail offer evolving,” says Mick Caddey, Development Director, Frasers Property Australia.
“These retail assets serve a large and growing catchment from a highly prominent and easily accessible location; surrounded by universities and education precincts with over 115,000 students within walking distance of the centre."
“Neighbouring Central Station is less than a 500 metre walk and is Australia’s largest and most frequented railway station. Central Station is currently undergoing a $955 million upgrade, with an estimated 270,000 commuters passing through the station daily,” says Mr Caddey.
Colliers International’s Head of Retail Investment Services, Lachlan MacGillivray, has been appointed to sell the CBD retail assets via an International Expressions of Interest campaign commencing in early May.
The Central Park Retail offer comprises Central Park Mall, DUO Retail (eight retail outlets) and Park Lane Retail (six retail outlets) in one line.
<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/2019/4/16/COLL_Central_Park_Mall_Grounds_4025.jpg" alt="">
Central Park Mall opened in late 2013. 
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
Its comprised of 14,600 sqm of gross lettable area set across five levels.
“The Central Park precinct continues to go from strength to strength and customers are voting with their feet and wallets with customer traffic and sales having grown 33 percent and 56 percent respectively since 2014,” says Mr MacGillivray.
This transaction represents the first significant opportunity since 2013 to acquire a 100 percent interest, with management, in a high calibre retail centre in Sydney’s CBD.
Recent sales of Sydney CBD retail assets highlight strong investor demand for a tightly held asset class, with a 25 percent interest in MidCity Centre transacting at a yield of approximately 4.0 percent and Pitt Street’s Soul Pattinson Building sold for $95 million at 4.0 percent. 
Central Park Retail is expected to transact in excess of $170 million.
Mr MacGillivray anticipates Central Park Retail will receive keen interest from domestic and international, private and institutional purchasers, given its quality and profile.
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Final three Central Park Retail assets hit the market

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

Staff reporter

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News