<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Joel Robinson

Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" 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/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

<html><body>
Paper giant Visy Australia has signed a 20-year lease with Frasers Property Australia.
The new $46 million purpose built cardboard manufacturing and distribution centre is situated in West Park Industrial Estate in Melbourne’s western suburb of Truganina.
The state of the art facility will sit on 7.843 hectares of land located at 27 Doriemus Drive.
The facility will be 42,770 square metres.
It includes a 1,025 square metre office and 124 car spaces. 
The facility is now under construction by Frasers Property’s in-house construction division in two stages.
Stage 1 is expected to be completed by September 2018, while Stage 2’s completion date is December 2018.
The industrial park boasts access to the Western Ring Road, Deer Park Bypass and Melbourne’s ports and airport. 
Visy Australia will join several significant groups in the estate including Ceva Logistics, Toll, DB Schenker and National Tiles.
The transaction was brokered by Ben Fahey from Frasers Property, Stuart Duncan from Visy and Michael Green from Cushman Wakefield.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Visy signs new lease for manufacturing and distribution centre in Truganina 

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Tewantin's Caltex has been sold.
The auction for 44 Doonella Street, Tewantin fetched $3,120,000 with a new 15 year lease.
It last sold at $1.1 million in 1991.
It was listed by Michael Collins and Aaron Dahl from Cushman &amp; Wakefield Brisbane.
<a href="https://www.realcommercial.com.au/property-retail-qld-tewantin-502864998" target="_blank">The property on a 1,199 square metre corner site </a>features 70 metre of frontage, on site parking, and 15 year lease to 2033 plus options to 2053.
The tenant pays all usual outgoings, including Land Tax.
It is close to Tewantin Noosa RSL, Woolworths, BWS, Liquorland, Westpac, CBA, ANZ, and Medical Centre.
Tewantin is a tourist location supported by strong local economic administrative centre including the Noosa Shire Council Chambers and professional services.
</body></html>

Caltex petrol station in Tewantin sold under the hammer

<html><body>
One of Australia’s largest hotel portfolios will soon be placed on the market by AccorInvest.
The AccorInvest hotel portfolio is made up of 23 real estate assets and lease interests located across Sydney, Melbourne, Canberra, Brisbane and Perth, together with several major regional cities.
JLL Hotels &amp; Hospitality Group’s Craig Collins and Peter Harper are handling the sale.
The AccorInvest Australian Hotel Portfolio encompasses 17 real estate assets comprising 1,797 rooms of which four are branded as ibis hotels and the other 13 ibis Budget hotels. Notable assets include the ibis Hotel &amp; Apartments Melbourne, ibis Sydney Airport, ibis Budget Sydney Olympic Park and ibis Newcastle. 
The six lease interests include The COMO Mgallery by Sofitel in Melbourne, the Novotel, Mercure and ibis hotels in Brisbane and the Mercure and ibis hotels in Perth. A full overview of the Portfolio is provided overleaf.
All hotels within the Portfolio are currently operated by AccorHotels, Australia’s largest hotel management company, under hotel management agreements. 
“Never before has an offering of this nature been presented to the open market in Australia," Craig Collins, CEO Australasia, JLL Hotels &amp; Hospitality Group, said.
"The pure scale of this portfolio and its diversity – in terms of location, market positioning and income profile - presents investors with an opportunity to immediately establish an unparalleled foothold in one of Asia Pacific’s most highly sought after hotel investment destinations.
“Economy hotels are a highly proven and successful hotel model in the Australian market.
"Their typically low operating costs and high level of profitability make them very attractive investments,” Collins added.
Peter Harper, Executive Vice President, JLL Hotels &amp; Hospitality Group said the portfolio occupy a combined 54,500 square metres of land.
AccorInvest Australian Hotel Portfolio: 
<table border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" nowrap width="142">
Property
</td>
<td valign="top" width="198">
Location
</td>
<td valign="top" nowrap width="40">
State
</td>
<td valign="top" width="53">
Tenure
</td>
<td valign="top" nowrap width="49">
Rooms
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Canberra
</td>
<td valign="top" width="198">
15 Tay Street, Watson (pictured top)
</td>
<td valign="top" nowrap width="40">
ACT
</td>
<td valign="top" width="53">
Ground Lease
</td>
<td valign="top" nowrap width="49">
75
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Campbelltown
</td>
<td valign="top" width="198">
3 Rennie Road, Campbelltown
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
72
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Casula Liverpool
</td>
<td valign="top" width="198">
437 Hume Highway, Casula
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
74
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Coffs Harbour
</td>
<td valign="top" width="198">
1A Mclean Street, Coffs Harbour
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
70
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Dubbo
</td>
<td valign="top" width="198">
Victoria Street &amp; Newell Hwy, Dubbo
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
65
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Enfield
</td>
<td valign="top" width="198">
626-628 Liverpool Road, Strathfield South
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
80
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Newcastle
</td>
<td valign="top" width="198">
3-5 Thomas Street, Wallsend
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
79
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget St Peters
</td>
<td valign="top" width="198">
178 Princes Highway, St Peters
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
105
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Sydney Olympic Park
</td>
<td valign="top" width="198">
8 Edwin Flack Avenue, Sydney Olympic Park
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Ground Lease
</td>
<td valign="top" nowrap width="49">
156
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Wentworthville
</td>
<td valign="top" width="198">
377-383 Great Western Highway, Wentworthville
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
102
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
ibis Newcastle
</td>
<td valign="top" width="198">
700 Hunter Street Newcastle West
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
97
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Sydney Airport Hotel
</td>
<td valign="top" width="198">
205 O'Riordan Street, Mascot
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
200
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Thornleigh
</td>
<td valign="top" width="198">
208-212 Pennant Hills Rd, Thornleigh
</td>
<td valign="top" nowrap width="40">
NSW
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
105
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Brisbane Airport
</td>
<td valign="top" width="198">
18 Navigator Place, Hendra
</td>
<td valign="top" nowrap width="40">
QLD
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
93
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Dandenong
</td>
<td valign="top" width="198">
185-193 Princes Highway, Dandenong
</td>
<td valign="top" nowrap width="40">
VIC
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
71
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Budget Fawkner
</td>
<td valign="top" width="198">
1399 Sydney Road, Fawkner, Victoria
</td>
<td valign="top" nowrap width="40">
VIC
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
103
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Melbourne Hotel &amp; Apartments
</td>
<td valign="top" width="198">
15-21 Therry Street, Melbourne
</td>
<td valign="top" nowrap width="40">
VIC
</td>
<td valign="top" width="53">
Freehold
</td>
<td valign="top" nowrap width="49">
250
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
The COMO Melbourne - Mgallery
</td>
<td valign="top" width="198">
630 Chapel Street, South Yarra
</td>
<td valign="top" nowrap width="40">
VIC
</td>
<td valign="top" width="53">
Leased
</td>
<td valign="top" nowrap width="49">
110
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Mercure Perth
</td>
<td valign="top" width="198">
10 Irwin Street, Perth
</td>
<td valign="top" nowrap width="40">
WA
</td>
<td valign="top" width="53">
Leased
</td>
<td valign="top" nowrap width="49">
239
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Perth
</td>
<td valign="top" width="198">
334 Murray Street, Perth
</td>
<td valign="top" nowrap width="40">
WA
</td>
<td valign="top" width="53">
Leased
</td>
<td valign="top" nowrap width="49">
192
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Novotel Brisbane
</td>
<td valign="top" width="198">
200 Creek Street Brisbane City
</td>
<td valign="top" nowrap width="40">
QLD
</td>
<td valign="top" width="53">
Leased
</td>
<td valign="top" nowrap width="49">
296
</td>
</tr>
<tr>
<td valign="top" nowrap width="142">
Ibis Brisbane and Mercure Brisbane
</td>
<td valign="top" width="198">
16 Ann Street, Brisbane City
</td>
<td valign="top" nowrap width="40">
QLD
</td>
<td valign="top" width="53">
Leased
</td>
<td valign="top" nowrap width="49">
412
</td>
</tr>
</tbody></table>
</body></html>

AccorInvest to sell Australian hotel portfolio

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A newly renovated 100 square metre commercial space at South Coogee has been sold for $800,000.
Built in 1915, it was marketed as suitable for many uses including as medical consulting/physio or wellbeing centre.
It was listed for sale with the price of $950,000 last year.
It was sold earlier this month by Mark Fragias from Ray White Randwick &amp; Bondi Junction.
Situated at 374-376 Arden Street, the internal comes with polished floors.
<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/2018/7/25/south%20coogee%201.jpg" alt="">
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South Coogee premises sold with medical consulting potential

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Centuria has settled on its 80 Grenfell Street, Adelaide purchase with half of the property to be held in a single asset fixed-term unlisted fund.
 Demand for the fund was unprecedented with the offer closing 200% oversubscribed in only four and a half days. 
Centuria raised $57.1 million, with 30% coming from major overseas investors. 
Jason Huljich, head of real estate and funds management for Centuria, said Adelaide offers some of the best value in the country right now.
"The infrastructure pipeline for South Australia will drive economic and job growth…the $90 billion submarine and frigate contract is forecast to create up to 8,000 direct and 25,000 direct roles," Huljich said.
He added as of 1 July stamp duty was zero in South Australia, "which means transaction costs are significantly lower than in other states”.
It is one of the Adelaide CBD’s most high tech buildings added to its $4.7 billion portfolio.
The ASX listed Centuria Capital Group has exchanged unconditional contracts for the purchase of a 50% stake in the Bendigo and Adelaide Bank headquarters at 80 Grenfell Street for $92.3 million. 
Acquisition of the $184.6 million office tower was made in partnership the Lederer Group, which will take up the remaining 50% stake.
80 Grenfell Street is a A-grade office building, that is 96% let to Bendigo and Adelaide Bank.
The weighted average lease expiry (WALE) is long, at 7.3 years and rental increases are fixed at 3.75% annually.
Huljich said the Adelaide market has become increasingly attractive to property investors.
“The SA government’s decision to reduce stamp duty has been a positive strategic move to help drive investment into the state,” he said. 
“Compared with other states, where stamp duty averages 5.5%, SA’s is zero from July 1. 
“When transaction costs are lower, yields are higher, which means better returns for investors.”
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Zero stamp duty benefits Centuria's purchase of Bendigo and Adelaide Bank HQ in South Australia

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The Hilton Surfers Paradise, comprising the Hilton Hotel and the management rights for the Hilton Residences, is being marketed for sale with a price tag of about $80 million after its Chinese based investors decided to sell.
The privately owned company Ji Feng bought the five star hotel from Brookfield in 2011 for about $37 million.
It is reported the vendor has no other commercial property interests in Australia.
The hotel, once part of the failed Raptis company, comprises 169 guest rooms, four food and beverage outlets, conference facilities, pool deck, two gyms, a day spa and 89 undercover car parks.
<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/2018/7/24/HILTON%202.jpg" alt="">
A strong rebound in tourism and hotel occupancy sees the Gold Coast market recording revenue growth per available room in the year to date up 15.6% on the same comparative period last year.
The listing agent Sam McVay said the new owners had the opportunity to replace Hilton as the manager.
The hotel spreads across two towers and is offered with the associated management rights for the Hilton Residences.
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Hilton Surfers Paradise listed with $80 million price tag

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Temple &amp; Webster, which suggests it was becoming "the next Harvey Norman" has reported its inaugural profit.
It claims to be Australia’s largest e‐commerce company in the furniture and homewares market.
Temple &amp; Webster has over 130,000 products on sale from over 700 suppliers.
Temple &amp; Webster earned $300,000 before interest, tax, amortisation and depreciation in the June-half following a 24% rise in revenues.
The company finished the year with a cash balance of $9.9 million and had net cash flows of $600,000 in the June quarter.
"[Two] years ago we promised our shareholders we would reach profitability during calendar year 2018 without having to raise additional capital, and I am proud to say that we achieved this goal," Coulter said in a statement on Monday.
He expected Temple &amp; Webster to be EBITDA positive in 2019, eight years after its launch in 2011 and two year after being floated in 2016 with its management team, including Mike Henriques (former Wayfair Australia GM) and Sven Lindell (ex Bras N’ Things, Woolworths and Rebel).
Temple &amp; Webster shares rose 7% to 76¢, compared with their issue price of $1.10.
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E-commerce furniture and homewares store Temple & Webster makes its inaugural profit

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Lendlease has reached structural completion of the world’s tallest and largest engineered timber office building, 25 King, at Brisbane Showgrounds.
Designed and manufactured by Lendlease and owned by Impact Investment Group (IIG), the ground floor plus nine-storey timber commercial tower features open and flexible office space.
Lendlease is targeting a 6 Star Green Star rating, 5 Star NABERS Energy rating and WELL Core &amp; Shell rating for the 25 King Street tower.
Global engineering firm, Aurecon, will occupy 43.5% of the net lettable area, with IIG working within Lendlease to secure new tenants for the remaining office space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/25/25%20King%20Street.jpg" alt="" style="font-size: 12.16px;">
25 King (pictured above) is on track for completion later this year.
"The topping out of 25 King represents another significant milestone in the completion of what will be the world’s tallest and largest engineered timber office building by gross floor area," said Tony Orazio, General Manager QLD &amp; NT, Lendlease Building.
“With each new milestone, we get more and more excited about this brilliant building. 25 King is the definition of a connected, collaborative workspace for high-performance teams,” stated Darren Brusnahan, Head of Funds Management – Real Estate, Impact Investment Group.
JLL has been appointed to manage 25 King Street, the world’s largest engineered timber office building. 
It is a Queensland first and the world's largest by gross floor area.
The management role will be led by JLL Director and Head of Commercial Management, Lydia King. 
At a height of almost 45 metres, the ground plus nine-storey tower designed by architect Bates Smart will become the future home of global engineering firm Aurecon, which is also the project’s lead engineer. 
Aurecon has committed to 6,500 square metres on a 10-year lease. 
Aurecon was advised by JLL's Michael Greene, while Lendlease was represented by JLL’s Adam Barrett and Sam Barr. 
The tower includes three bespoke ground level retail tenancies built using a revolutionary building timber technology called cross laminated timber (CLT) and glulum (glue laminated timber) which has a structural strength akin to traditional concrete and steel.
Constructed with wood, CLT has a far lower carbon footprint than other building materials, the production process produces zero waste, and timbers are sourced from certified sustainably managed forests.
King said 25 King Street represented the next generation of workplace design. 
“25 King is targeting a 6 Star Green Star Design and As Built v1.1 and a NABERS Energy 5 Star rating," she said.
The building will be LendLease’s fifth engineered timber building in Australia.
JLL also manages Kingsgate, the first tower developed by LendLease at the RNA precinct. 
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World's tallest timber tower reaches structural completion in Brisbane

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The retail centres of tomorrow are all about democratisation, according to Susanne Pini, the national director of retail and mixed-use at HDR who says the local shopping centre was evolving to take on the role of the suburb’s town square.
However she suggest one of the country’s leading mixed-use architects advised there was only a handful of neighbourhood centres in Australia with the capacity to play the social infrastructure role expected of them today.
Pini says the generic design of existing neighbourhood shopping centres results in physical and cultural isolation.
A radical shift needs to take place, she says.
“Design which resonates with the community and is of its time and of its place has been the issue.
"Design which reflects its community will be the solution,” Pini says.
“Traditional shopping centres are providers of ‘stuff’. People come, buy, then leave.
"They’re generic in design and there’s no natural light so you lose track of the day.
"The internally focused ‘Vegas’ model makes no reference to the community externally.
"It’s an architecture of ‘anywhere, anyplace, anyone’ which produces the effect of ‘nothing, nowhere for nobody’.
“Limited and stretched local resources have authorities struggling to provide all the ‘glue’ such as libraries, markets, community centres and local shops, that used to bind our communities together. 
“This means the role of the local shopping centre has had to grow and evolve to take on the role of the suburb’s town square.
The shopping centre is becoming the community lounge room, dining room and backyard.
“This recognition necessitates a new design approach, moving away from a model of isolation to a model of connection. They need to form part of our everyday life and not because of the ‘stuff’ we need but because they connect us to the community. They need to connect physically and culturally to the community they are within.
“Shopping centres must deconstruct the pieces that have us living in isolation and connect them together. And while it sounds obvious, you can count on one hand the number of centres in Australia that actually do that,” says Pini.
She identifies The Ponds Shopping Centre and Rouse Hill Town Centre in Sydney as being in this extreme minority.
HDR has also designed the town centre for Ed.Square, a brand new mixed-use community in south west Sydney, to embrace new community design expectations.
<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/2018/7/25/fraser2.jpg" alt="">
“The ‘democratisation of design’ means there is no longer anywhere to hide,” Pini says.
“The prevalence of design programs, and the elevation of the notion of design in the public consciousness, has brought greater attention to the importance and possibility of design when it comes to the community arena. 
“This is the democratisation of design.
"Once viewed as the exclusive domain of the affluent, good design is now a community expectation.
"It is a symbol of the pride we take in our towns. But how many shopping centres in communities across the country are a source of pride for the people that visit them?”
<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/2018/7/25/fraser3.jpg" alt="">
According to Joanna Russell, General Manager – Retail Development, Frasers Property Australia, increased design expectations have given rise to a new sub-sector in retail assets: the super-neighbourhood centre.
Typically between 10,000 square metres and 25,000 square metres in retail area, super-neighbourhood centres differ from sub-regional centres through their tenant mix and response to local community needs.
They may share some qualities with sub-regionals, including commitments from anchor tenants, but the slightly smaller retail area, as well as the target mix of anchor tenants and supporting speciality shops, reflect their community in a much deeper way. 
Super-neighbourhood centres balance everyday convenience shopping needs with non-retail services, such as collaborative working spaces, lounge areas, education zones and childcare, as well as experiential offers, such as cinemas, play areas, yoga and meditation areas, and gardens.
“The super-neighbourhood centre has now emerged conceptually, but not yet in widespread reality. But these centres have an opportunity to claim the position of the community’s natural heart and soul and the right design will legitimise this claim,” Russell says.
“These centres have the opportunity to create a sense of place where people really feel comfortable and want to spend time. 
“To achieve this, the design must understand and consider more than just census demographics or LGA statistics of the local community, going much deeper to investigate the surroundings, history, culture and aspirations of the people that live there. 
“Going beyond the site’s footprint, the super-neighbourhood centre should be a natural part of the townscape, designed from a whole-of-neighbourhood perspective, complementing the existing amenity, nestled within the natural street grid, and in symbiosis with the land and the people in its catchment.
“Achieve this balance, and you create a super-neighbourhood centre that the local community feels belongs to them. It becomes a source of pride. Visiting the centre becomes part of daily routines. 
“Get the design wrong – design in a generic or inauthentic way – and the centre does not form an intrinsic part of the neighbourhood.”
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jonathanchancellor-7SQnKwU6yx

The inside-out shopping centre of the future

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SPONSORED POST
With Australia’s Life Sciences sector beginning to take shape, overseas experts in the field have Queensland tipped to have the right fundamentals for promoting the evolution of this sector.
David Lupson from Savills Science (UK) has made the trip to Queensland this week to review ripe markets and offer his advice on the fundamentals of a ‘science precinct’ based on his involvement and experience in crafting the Cambridge Science Park and other new science parks including those in Liverpool, Newcastle and Edinburgh.
The origins of science parks date back to the early 1950s with the creation of Stanford Research Park in the USA. In 1970, Trinity College commenced development of the first UK science park in Cambridge. Following this movement a number of UK-based universities recognised that an era of integrated educational and knowledge based businesses had arrived and realised the benefits of aligning multidisciplinary research and business. 
Today, Cambridge consists of 11 science parks in total; which includes the University Hospital and University &amp; Technology based businesses to complete the full ecosystem. New generations of science parks have spread all across the UK, however Cambridge still stands out as a front runner with a value proposition that has market appeal.
According to the University, Cambridge is now Europe’s largest technology cluster, with around 57,000 people employed by more than 1,500 technology and science based firms, which have a combined annual revenue of over £13 billion.
“It’s important to remember that the science sector competes on a global stage, our advice is pragmatic and evidence based using our industry experience coupled with ongoing benchmarking,” Mr Lupson said.
Mr Lupson is Europe’s most experienced commercial science park practitioner and has acted as the Development Director and Chief Operating Officer for a number of leading science park projects and bio-innovation centres across the UK.
“The first secret to the success of the Cambridge Science Park has been the relationship between individual entrepreneurs, the university and the science park operations and development team.
“The close proximity of the park to the university and teaching hospital in the city has been instrumental in both creating and feeding the businesses that reside there,” he said.
Science parks aim to enable the commercial exploitation of intellectual property by the provision of fit for purpose hard and soft infrastructure.
“The collaborative nature of the park has also helped to foster a sense of community, which the landlord has tried to maintain by including more amenities, which in turn has been crucial in attracting and retaining staff,” Mr Lupson said.
Chesterford Research Park near Cambridge bolstered its offering with the construction of the Nucleus Building, which provided a gym, restaurant, bar and conferencing facilities for its tenants. 
With science and technology continuously evolving, so are the businesses which work within the field, therefore conditions for these tenants need to remain fluid.
“St John’s Innovation Park is an excellent example of how providing incubator space with flexible lease conditions gives businesses the opportunity to grow.
“It’s not uncommon to see users grow from medium size floorplate requirements to taking an entire headquarters before the end of their leases,” he said.
The infrastructure and transport networks around a science park also play an important role in the precinct’s mechanics. 
In recent years Cambridge Science Park has seen substantial improvements to its accessibility through the provision of highway upgrades, new cycle ways and access to a guided busway. More recently the opening of a new railway station north of the city has further improved access options.
Mr Lupson will be speaking at three seminars in Queensland this week which will further educate the market on the emerging knowledge economy trends of the life sciences sector. 
For more information on Life Sciences or Science Park development in Queensland please contact <a href="http://www.savills.com.au/forms/contact-individual.aspx?id=104639-0" target="_blank">Dustin Welch</a>, Director of <a href="http://www.savills.com.au/services-and-sectors/project-management.aspx" target="_blank">Savills</a> Health Projects. Savills Health Services provides bespoke transactional and planning services for medical service professionals, developers, government and investors across all aspects of primary healthcare, research and tertiary built form.
Savills is a leading global real estate service provider offering the full spectrum of services from strategic advice to managing assets and projects and transacting deals. To learn more about Savills, visit <a href="http://www.savills.com.au" target="_blank">savills.com.au</a>.
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