Consolidated Properties Group (CPG) has agreed to acquire the last remaining absolute riverfront development site in Brisbane’s blue-chip Newstead, unveiling plans to develop a landmark inner northern residential project that CPG says will be a signature building for the river city.

CPG has paid $64.5 million for the 9,368 sqm site at 47 Skyring Terrace in an off-market deal from&nbsp;Mirvac. The site is situated just 1.5 kilometres from the CBD and within walking distance to some of Brisbane’s best-known dining and retail destinations, including Gasworks and James Street.

The site features 47 metres of direct river frontage within one of the city’s most tightly held precincts. Zoned for Mixed Use, it has potential for up to 42,000sqm total floor space and a maximum building height of 25 storeys under the Brisbane City Plan.

The acquisition follows the success of CPG’s $450 million absolute riverfront Monarch Residences apartment project currently nearing completion and sellout at Toowong in Brisbane’s inner west.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location.

“Sites like this are as rare as it gets,” O’Rorke said.

“We thought Monarch might be a one-off, but at Newstead we’ve been fortunate to have the opportunity to create another iconic residential address right in the heart of the city on the Brisbane River – this will be something elevated in every sense, something truly special.”

CPG plans to lodge a development application (DA) later this year with multi-award-winning architects, Woods Bagot, who are already working on concept plans.

<img alt="CPG" data-entity-type="file" data-entity-uuid="adcd3c91-a0bb-46f8-b08e-623357e3f75c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%208.55.14%E2%80%AFAM.png?VersionId=FzhQQPi_onxhjFCo7u5kdX6O7KIDABTj" />

CPG Head of Residential, James MacGinley, says the development will include a mix of boutique riverfront villas and 2- and 3-bedroom apartments with spectacular north-east views up the river towards Hamilton Hill.

“This large riverfront site with a perfect north-east aspect is an architect’s dream. It is peerless and there is no better development site in Brisbane. We plan to do it justice and deliver a signature building for the city," MacGinley said.

Transacted off-market by Colliers Queensland Residential Directors Brendan Hogan and Troy Linnane, the purchase sees CPG again teaming up with its construction partner on Monarch Residences, Hutchinson Builders, to deliver the apartments. Colliers Queensland Residential Director Brendan Hogan said demand for prestige development opportunities in Brisbane was outpacing supply.

“Opportunities like this simply don’t come up anymore. This is the last of its kind on the Newstead waterfront and arguably the best-located residential site in the city,” Brendan Hogan said.

“We’re seeing exceptional demand in the premium apartment market, with ‘off-the-plan’ riverfront apartments achieving prices over $35,000/m2 of net (internal) saleable area.

“The surge in apartment prices is largely driven by the demand from owner-occupiers who are seeking premium and larger apartment stock, which has accounted for the majority of sales in the market over the past two years,” Brendan Hogan added.

The site acquisition reflects broader supply-side pressure in Brisbane’s residential pipeline.

Population forecasts show Brisbane will grow by more than 500,000 people during the next decade - faster than both Sydney and Melbourne - and inner-Brisbane is expected to face a shortfall of over 14,000 new apartments in the next four years alone, according to SQM Research.

“We know Brisbane is the nation’s fastest-growing city with unlimited potential and we’re building for that future,” O’Rorke added.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location

Joel Robinson

Consolidated Properties buys riverfront Newstead site from Mirvac

ASX-listed developer&nbsp;<a href="/developers/cedar-woods">Cedar Woods</a>&nbsp;has acquired a development site in&nbsp;Fairfield, Victoria, as part of the company's more assertive acquisition strategy.

The 11,600 sqm site is uniquely positioned between the Yarra River and Merri Creek parklands, has over 200m of direct frontage to Fairfield Park, and is located only 4.2km from the Melbourne CBD, with the elevated site boasting uninterrupted views of the city skyline.

The site, which is zoned for the intended residential use, will be developed into a mid-rise, multi-stage apartment project, yielding approximately 300 dwellings that will command premium pricing due to the sought-after location.

The site was acquired from a private vendor for $50m on deferred payment terms, with payments to be made in 2027 and 2028.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

According to research house, Charter Keck Cramer, Melbourne is projected to have a chronic shortfall in apartments of around 23,500 in coming years with apartment commencements at their lowest level in over 15 years. The total number of approved homes fell by 5.7% in April to 14,633, according to data just released by the ABS.

Cedar Woods’ Managing Director, Nathan Blackburne, said the acquisition will augment the Company’s current Victorian portfolio and provide quality apartments in a market where a significant undersupply is forecast.

“We see Melbourne as an opportunity for counter-cyclic acquisitions of quality sites and are preparing for increased homebuyer demand as purchasers respond to lower interest rates and supportive government policies,"&nbsp;Blackburne said.

“Cedar Woods will craft a premium design for the site to make the most of its unique park-front location and uninterrupted views of the CBD and local area.”

Builder availability in Victoria is superior to other states and extensive work has been undertaken to determine expected construction costs, with multiple builders capable of delivering such a project at competitive prices. Risks will be mitigated through presales, further builder due diligence, and contract structure.

“With our strong balance sheet, and favourable macro conditions, Cedar Woods is continuing its strategy of diversification – by product type, price point, and location – and strengthening our portfolio with quality sites that we can deploy into an undersupplied market”, Blackburne added.

The acquisition comes after the recent announcement of the acquisition of a South Australian site at which the company is planning a premium masterplanned community.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

Cedar Woods acquires Fairfield site for new residential development

<a href="/developers/aland">ALAND</a> has spent $240 million on a prime North Sydney site, the first Sydney city development for the builder-developer.

Cbus, Galileo Group, and Abadeen, had plans approved for <a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060">East Walker Street</a>, two towers across&nbsp;173-179 Walker Street and 11-17 Hampden Street.

ALAND plans to deliver 239 apartments across two towers, with the high amenity 30-level main tower comprising 161 apartments, 70 per cent of which will feature uniterrupted views&nbsp;of Sydney Harbour with outlooks towards the Harbour Bridge, Sydney Opera House and across to the Eastern Suburbs.

The main tower will also feature exclusive residents-only private club-style facilities, offering a rooftop pool, sauna, private dining, cellar, lounge, gym, studio, and work-from-home spaces.

ALAND owner and founder Andrew Hrsto says that East Walker Street will be a once-in-a-lifetime opportunity for luxury buyers, including empty nesters, families and professionals.

“We have been searching across Sydney for at least 18 months, trying to find a dream site which would allow ALAND to create a stunning luxury offering for buyers reflecting our commitment to the highest quality product featuring world-class finishes throughout,” Hrsto said.

“We fell in love with the site immediately, and our interest was further heightened with the quality of the pre-work by Cbus Property, Galileo Group and Abadeen and their consulting teams. I couldn’t be more excited about delivering what will be a standout luxury development, Sydney can be very proud of.” &nbsp; &nbsp;&nbsp;

The East Walker Street site is also situated only a block away from the newly opened Victoria Cross Metro Station.&nbsp;

ALAND CEO George Tadrosse says construction will start as early as possible, with full construction scheduled to commence in January 2026.&nbsp;

“We’re also thrilled to announce that a component of the residential development will incorporate purpose-built housing for key workers, including nurses, police, paramedics, firefighters and teachers,” Tadrosse said.

"These apartments will be provided to North Sydney Council specifically for that purpose and are fundamental to ALAND’s reason for being.”&nbsp;

ALAND buys $240m North Sydney site

Sydney-based developer ODUS, in partnership with Metrics Credit Partners, has acquired the 21-level ARI Main Beach development on the Gold Coast, after securing the absolute beachfront site for $55.68 million.

The deal sees ODUS and Metrics, a leading Australian non-bank corporate lender and alternative asset manager, purchase the 1,355 sqm site at 3555 Main Beach Parade in Main Beach from its former developer, Melbourne-based Stamoulis Property Group.

The partnership will push forward with the existing plans for the $290 million tower, including 31 luxury half and full-floor beachfront apartments, along with a suite of exclusive resort-style amenities, designed by renowned architect Bayden Goddard of BGD Architects.

The developer is working with Stamoulis Property Group over a four-month transition period, with an early works agreement allowing it and builder partner, Nazero Constructions, to finalise demolition and commence construction immediately.

<img alt="Ari" data-entity-type="file" data-entity-uuid="256134b1-9f74-45d3-a7fe-4369507be6df" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%2012.38.49%E2%80%AFPM.png?VersionId=9ro9qEAPHGCDrTZwhQQx3iDw5D35ox0L" />

It is the second Main Beach project acquired in the past year by the ODUS, Metrics and Nazero Constructions partnership.

Construction of the $150 million 29-level La Mer tower – located adjacent to ARI – commenced in July, with that project launched to market in November last year.

[smartcode_project:default project_id=95606 project_image_fid=316689]

Demand has been very strong for La Mer’s 25 full-floor luxury residences, which start from $3.99 million, and are being sold through marketing agent James Elliott of OTP Group.

ODUS is headed by development professionals Byron Sakha, Jarrod Younan and Sebastian Younan. The Younans also head family-owned builder Nazero Constructions, established in the 1960s.

Andrew Lockhart, CEO and Managing Partner of Metrics said: “The ODUS, Metrics, Nazero partnership aligns with our investment thesis of partnering with experienced developers that have a building capability to deliver exceptional projects and results for our investors.”

[smartcode_project:default project_id=95606 project_image_fid=316688]

Sakha said ODUS’s strategic partnership with Nazero Constructions, and the backing of Metrics, provided the control, autonomy and confidence to move forward with its second Main Beach development.

“This is an absolute A-grade site, with 30-metres of frontage to one of the Gold Coast’s most famed beaches and in one of its most exclusive postcodes,” he said.

“It’s a beautifully designed development and, while we’ll make some minor enhancements to the façade and interiors, we’ll largely progress with the existing plans.”

<img alt="Ari" data-entity-type="file" data-entity-uuid="d366adf9-e233-445b-81bc-f853376a4fce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%2012.42.32%E2%80%AFPM.png?VersionId=.BkRfCxOvEt4aNqSlmwkr6tTllrRV04n" />

Sakha said the partnership had hit the ground running, with demolition work already commencing on site, paving the way for basement construction to start within months. Completion of the tower is anticipated for early 2028.

“We’ve got the builder and the financial capacity to commence work immediately and will benefit from efficiencies between the two Main Beach sites.

“We’re confident the market demand for both properties remains very strong. It’s a prime location and the desire for top end beachfront apartments on the Gold Coast is extremely high, with supply low.”

Half and full-floor apartments in the ARI development range from 295 sqm to 620 sqm, with a two-level penthouse measuring 849 sqm. Prices are still being determined but are anticipated to start from $7.5 million.

Exclusive resort-style resident facilities include a 25-metre pool, spa, sauna, beachfront lawn, gym, yoga studio, resident lounge, bar, and multi-purpose business centre.

The project is anticipated to be officially launched by ODUS in the coming months.

[smartcode_project_cta:default project_id=112163]

It is the second Main Beach project acquired in the past year by the ODUS, Metrics and Nazero Constructions partnership

ODUS and Metrics double down on Main Beach, acquire Ari beachfront site for $55m

Burgeoning South East Queensland builder-developer <a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG) has its sights firmly set on their next Sunshine Coast apartment development.

GVG recently settled on a $19 million purchase of a prime 5,289 sqm site across 1–9 Bulcock Street and 45–47 Bombala Terrace. The acquisition paves the way for <a href="/new-apartments/eden-caloundra-1-9-bulcock-street-caloundra-qld-4551">Eden Caloundra</a>, a two-tower project with 179 apartments.

Early registrations are now open for Eden, with a full launch scheduled for September. Construction is expected to begin in January 2026, with the site already cleared.

<img alt="Eden Caloundra" data-entity-type="file" data-entity-uuid="422d7354-4c2e-4a77-ae67-89d5b0ecf3f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-04%20at%204.45.16%E2%80%AFPM.png?VersionId=RB.KRQcVhp9fKF1BvHxYpe1igaddH7cx" />

The team revisited the original approved plans, which had included a hotel and nearly 3,000 sqm of retail and commercial space, and opted for a new direction.

GVG Director Sam Gardner says Eden presents an opportunity to reinvigorate Bulcock Street.

"Bulcock Street is one of the premier streets in Caloundra, but it's been left behind in recent years. We expect Eden to be just the start of the revitalization of the area," Gardner says.

He adds that the ground-level retail offering will be carefully curated, with a particular focus on the two hospitality operators that will play a key role in the precinct’s success.

<img alt="Eden Caloundra" data-entity-type="file" data-entity-uuid="6f20917c-6aa4-412e-aed9-39d88fbbb5a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-04%20at%209.40.07%E2%80%AFAM.png?VersionId=tqo8py25Vq1we1IXFosNRwQPaUOwxIST" />

The national expressions of interest campaign by Colliers&nbsp;agents Brendan Hogan and Baydn Dodds attracted more than 210 enquiries and seven formal offers.

Hogan said this site offered a significant development opportunity in one of the most in-demand and supply-constrained markets in Queensland and Australia.

“The strong demand for housing and accommodation in the Sunshine Coast region drew intense interest from local and national developers,” Hogan said.

“This was a particularly rare site as it is located in an established area close to beaches, shops, cafes and entertainment at the top end of Caloundra’s CBD but also offered an elevated site, offering potential ocean and mountain views."

<img alt="Pool" data-entity-type="file" data-entity-uuid="269a2081-b722-471e-be18-bf3b57cde572" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-04%20at%204.46.03%E2%80%AFPM.png?VersionId=HA6bIy5yRXdW1yMl0am8cq0Qiw.iFGlM" />

Baydn Dodds said the transaction reflects the continued strength of the Sunshine Coast market and the high level of interest for premium development opportunities in lifestyle destinations such as Caloundra.

The population on the Sunshine Coast is expected to grow by 237,900 people between 2021 and 2046, requiring around 89,800 new dwellings. This equates to around 3,600 new homes needing to be delivered each year to accommodate the forecast annual population growth of more than 9,500 people.

GVG Director Sam Gardner says Eden presents an opportunity to reinvigorate Bulcock Street

Gardner Vaughan plans Eden Caloundra launch after $19m site purchase

National property group Traders In Purple has topped up its pipeline of luxury inner Brisbane development projects with the off-market acquisition of a second prime site at West End with a project value exceeding $850 million.

The acquisition of the 10,628 sqm site at 281-297 Montague Road comes after the group last week received DA approval for the <a href="/new-apartments/rivara-west-end-117-victoria-street-west-end">riverfront Rivara project</a> at 117 Victoria St, West End, a site it settled in August last year.

Traders In Purple is <a href="/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">preparing for a launch of Rivara</a> mid this year, and is already fielding inquiry from prospective purchasers seeking a luxury riverfront lifestyle.

The newly acquired Montague Road site has an existing approval for two towers up to 20 storeys. Traders In Purple is preparing a new application which will include provision for a more diverse mix of apartments, to broaden the appeal to a wider demographic of buyers drawn to Brisbane’s most dynamic neighbourhood.

The site offers city and river views, and overlooks sports fields and Davies Park, where Brisbane’s popular West End Markets are held each Saturday.

Traders In Purple Director George Geagea said the acquisition of a second West End development site reflected the company’s confidence in the location, close to the city, river and lively West End neighbourhood.

“The more we looked at West End as we worked on the Rivara project, the more we liked its fundamentals,” said Geagea.

“It has a great energy and character, and with proximity to the CBD and the Brisbane River, it ticks a lot of boxes for different buyer groups – young professional couples and singles, families and downsizers.”

Geagea said the urban renewal of West End’s former commercial and industrial sites presented an opportunity for considered placemaking that benefited the wider community.

“Creating beautifully designed and quality built homes is only one part of our responsibility as developers,” said Geagea.

“West End is in a transitional period and the public domain is critical, particularly in a location that is such an integral part of the community.

“Foremost in our planning will be consideration for accessibility and walkability, improving public access from Montague Road to the parks and riverfront.

“We are looking to increase open green space and landscaping, opening up view lines and creating more places for residents and the community to enjoy the beauty of this location.”

A 600 sqm section of the site will be handed over to Brisbane City Council to allow improvements to West End Football Club’s home ground.

Traders has over $5 billion with of projects across both Queensland and New South Wales.&nbsp;

Geagea said the group’s integrated model with its own construction capability had allowed it to navigate challenges that have impacted the property industry.

“We are not immune to cost escalation and supply chain issues however we are able to exert far greater control over resourcing and costs,” said Mr Geagea.

“Where some see obstacles, we see opportunity and with our own construction team and 100% completion track record, we have built a high level of trust amongst our customers and stakeholders.”

Traders in Purple secures second West End site as Rivara approaches launch phase

One of the largest ever landholdings in Austral has sold for a record $119.5 million to Castle Group, a residential developer in Western Sydney.

The site acquisition, over 41-hectares on Gurner Avenue, will pave the way for a major housing development.

Joe Sacco of Colliers and Frank Oliveri of Oliveri Capital handles the sales campaign on behalf of the Hellenic Village.

“This sale is a true testament to the strength of the local market, given the sheer scale of the offering," Sacco said.

"Austral continues to be transformed, and this transaction provides the incoming purchaser with the perfect opportunity to create an exceptional new community in the heart of one of Sydney’s fastest-growing regions."

<img alt="Notable $119.5m sale to shape the future of South-West Sydney suburb" data-entity-type="file" data-entity-uuid="08fad1f0-09c5-4994-9bd7-32ab7fb6f304" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Austral.jpg?VersionId=jyAjRDMClqAcOEx4dWEIDItmlB.ZfUml" />

Castle Group’s vision for the site is for a connected and sustainable master-planned community of 550 homes, where its residents will benefit from proximity to major infrastructure and jobs at the

Western Sydney Airport and aerotropolis, while enjoying the natural bushland of Western Sydney Parklands at their doorstep.

Head of Development of Castle Group, Stuart Allen, said the development will help meet the growing demand for low and medium-density housing in Western Sydney.

“Castle Group is investing heavily in South West Sydney and with this acquisition, we’ve grown our footprint in the area to seven projects totalling more than a thousand homes,” Allen said.

“We’re a Western Sydney company, we’re part of the community that we work in, and we’re excited for this opportunity to positively shape Austral’s future.”

<img alt="Notable $119.5m sale to shape the future of South-West Sydney suburb" data-entity-type="file" data-entity-uuid="1440cbe8-19d0-410d-874a-f009cf018e90" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lot%2010%20Gurner%20Avenue%2C%20Austral%20Cam%2001%20%28Medium%29.jpg?VersionId=HyuW3FH44WkP1SN2JRfJxdZIfZEkWdLl" />

Austral is experiencing a surge in development, driven by its proximity to the future Western Sydney International Airport (due to open in 2026) and the Western Sydney Aerotropolis.&nbsp;

Austral has also been earmarked for significant residential and commercial development, supported by local and state government initiatives. The suburb benefits from ongoing upgrades to road networks, including Bringelly Road and The Northern Road, which improve access to major motorways like the M7 and M5.

The 41.32-hectare block of land has the potential for 550 dwellings and sold to Castle Group.

Castle Group to reshape Austral after $119.5m site purchase

Monaco Property Group has acquired the Miami holiday destination Nalu for $70 million in one of the biggest residential deals on the Gold Coast in 2025.

The acquisition by Monaco Property Group, a Gold Coast company associated with seasoned developer Jonathan Grasso and Australian businessman Jay McPhee, positions the group to create a landmark beachfront project on a site that has been a popular drawcard for locals and holidaymakers for decades.

Formerly known as Nobby’s Outlook and originally developed in the early 1970s,&nbsp;Nalu comprises 46 two and three-bedroom apartments that are currently offered as long-term rentals.

It consists of four connected two-level buildings in a square configuration that includes a central recreation area with two swimming pools, and underwent a major refurbishment in 2019 after which it was renamed Nalu – a Hawaiian word that translates to ‘wave’.

The property benefits from an idyllic location fronting Thorn Park and Miami North Beach while offering 80 metres of uninterrupted ocean frontage and a central location which is just a short stroll from the popular Nobby Beach retail and dining precinct.

Monaco Property Group is leveraging its extensive development expertise to reimagine the expansive 7,238 sqm site, with the company currently laying plans for an ultra-luxury new residential development that takes advantage of its unique location in one of the most sought-after coastal enclaves on the Gold Coast.

Among the latest high-profile developments undertaken by Monaco Property Group is the $114 million award-winning Capri Villas, a collection of 48 architecturally designed villas at Isle of&nbsp;Capri on the central Gold Coast, which are due for completion in Q3 of this year.

“We’re extremely excited to have secured Nalu, one the best beachfront development sites on the eastern seaboard of Australia,” Grasso said.

“The site is not only one of the largest beachfront development sites on the Gold Coast, but its position overlooking the beachfront and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come.”

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor. Monaco Property Group plans to lodge a development application for the site with the Gold Coast City Council.

“We are very excited to be working up plans for a truly world class project on such a unique site with an incredible 80 metres of beach frontage, which is certainly a rarity on the eastern seaboard of Australia,” Grasso added.

“It’s a property that locals know well, which is why we have decided to retain the name Nalu as it reflects the vision we have for this property. It’s very rare to have a site bound by two natural assets, being the pristine beach frontage and the lush elevation of Nobbys Hill and Lions Head Park. In line with our founding philosophy, our plans for Nalu will be defined by a commitment to quality, legacy, incredible landscape, world-class amenity and wellness, and an architectural statement of excellence.”

Located at 122-130 Marine Parade, Nalu backs onto Nobbys Hill and the untouched natural beauty of Lions Head Park to the west, while offering ocean views to the Miami North beachfront and south to Coolangatta and Rainbow Bay.

Nalu was secured by Monaco Property Group through an off-market deal in which the company dealt directly with the vendor

Monaco Property Group pays $70m for Miami site, plots luxury apartment development

Urban Property Group is continuing to expand its ever-widening new apartment pipeline.

The developer is soon to tackle the Newcastle's market, having taking over the mixed-use Bowline project on the harbour in Wickham.&nbsp;

<img alt="Bowline" data-entity-type="file" data-entity-uuid="76e65b76-fbcf-4f05-a1e9-b6834c908691" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.52.58%E2%80%AFAM.png?VersionId=PTzhKaLh79XhxtUzcM5KSbt2k5Hsi2r5" />

The Bowline, just under 100 apartments across a 14-level building on Dangar Street, was being developed by MultiPart Property before they fell into receivership. Deposits were offered back to the original buyers earlier this year.

The large-scale apartments, that were pitched as being suitable for downsizers when it gained approval in 2019, would sit above 5,500 sqm of commercial space.

Urban Property Group secured the site&nbsp;through a competitive sale process managed by the appointed receivers and managers, Ryan Eagle and Amanda Coneyworth of KPMG.

<img alt="Bowline" data-entity-type="file" data-entity-uuid="a7588c81-24fa-43df-9915-558371a8496f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-31%20at%2010.53.04%E2%80%AFAM.png?VersionId=TROUxZjaWUlJrzbzKROIVCOjWGXX24Rx" />

Patrick Elias, CEO of&nbsp;<a href="/developers/urban-property-group">Urban Property Group</a>, said Bowline is a&nbsp;pivotal site in one of the most exciting growth corridors in the state.

"We recognise both the opportunity and the responsibility of taking this project forward."

Elias says the current approval dates back several years and there is a "unique opportunity to reimagine this site in a way that meets today’s needs while embracing the city’s future potential."

The site is located at 10 Dangar Street, Wickham, NSW 2293, on the corner of Hannell Street, Dangar Street, and Charles Street. This prime location places it adjacent to the Newcastle Interchange, a major transport hub.

UPG has recent experience taking over and successfully progressing complex projects. Urban acquired Gosford’s Central Coast Quarter from St Hilliers in 2024, and is now progressing toward top-out of the first stage.

UPG has several projects across Greater Sydney. They're working toward launching <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair on Penrith</a>, 287 apartments across a 10-level building on&nbsp;an 8280 sqm site at 160-172 Lord Sheffield Circuit. It will be&nbsp;Urban Property Group's&nbsp;sixth and final development in the Thornton precinct, alongside their award-winning developments Navali and&nbsp;<a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153" target="">Lumia</a>.

&nbsp;

Patrick Elias, CEO of Urban Property Group, said the The Bowline is a pivotal site in one of the most exciting growth corridors in the state.



Urban Property Group acquires harbourside Bowline site in Newcastle's Wickham

PERIFA, the Sydney-based end-to-end property developer and part of Versatile Group, alongside investment partner Mitsubishi Estate Asia (MEA) has acquired the former Balmain Leagues Club site to develop the approved Rozelle Village.

Plans for a vibrant, mixed-use, cultural and community-focused precinct had been drawn up by Studio.SC by the former landholder Heworth Holdings.

<a href="/developers/perifa">PERIFA</a>&nbsp;and MEA are now accelerating the plans for the $800 million <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> that will comprise a mix of premium private residences and affordable housing, alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

[smartcode_project:default project_id=8142 project_image_fid=347019]

Fabrizio Perilli, Co-Founder and Managing Director,&nbsp;PERIFA, said they are&nbsp;delighted to embark on a new era for the site with their partners Mitsubishi Estate Asia.

Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community, that embraces the unique character of the&nbsp;Balmain/Rozelle peninsula, while helping to shape its next chapter.”

Perilli says the&nbsp;Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. But for too many years the community has had to put up with a derelict site on their doorstep.

“We are proud to be delivering a precinct that will not only revitalise the area through the delivery of thriving new public spaces, high-quality apartments, well-considered retail and community facilities, but offer a considerable contribution to Sydney’s chronic lack of housing."

[smartcode_project:default project_id=8142 project_image_fid=347021]

Rozelle Village has been designed by local architecture practice&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://links.erelease.com.au/ls/click?upn%3Du001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D&amp;source=gmail&amp;ust=1741902496325000&amp;usg=AOvVaw08BkcGsZFqGQSyuSFhDqWn" href="https://links.erelease.com.au/ls/click?upn=u001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D" target="_blank">Studio.SC</a>, formerly Scott Carver, with interiors by SJB and landscaping by Arcadia. It will include a mix of one, two, and three-bedroom apartments and penthouses, with views of the Sydney skyline and Sydney Harbour, a village square, including a range of new food and hospitality venues, a community art studio and a retail precinct anchored by a full-line supermarket; a first for the peninsula.&nbsp;

Located at the intersection of Victoria Road and Darling Street, pedestrian access to the precinct will be enhanced by a series of activated laneways leading to a 1,444 sqm town plaza.&nbsp;&nbsp;

Demolition at the site is nearing completion, with the project currently progressing through a State Significant Development Application process. Versatile Construction will commence main building works by the end of Q2 2025, with project completion anticipated in 2028.&nbsp;

CBRE will be handling the sales of Rozelle Village.

David Milton, Managing Director Residential Projects at CBRE&nbsp;calls it an "iconic site which is much loved in the local community."

"We’ve seen lots of interest already and we’re very excited to bring Rozelle Village to market.”&nbsp;

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