<p><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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=140747 project_image_fid=367540]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=140747 project_image_fid=367529]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=140747]</p>


Joel Robinson

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

<p><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;</p>

<p>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.</p>

<p>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.</p>

<p>"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.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=365684]</p>

<p>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.</p>

<p>Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.</p>

<p>"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;</p>

<p>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;</p>

<p>“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;</p>

<p>[smartcode_project:default project_id=509 project_image_fid=365687]</p>

<p>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;</p>

<p>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.</p>

<p>"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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=365689]</p>

<p>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.</p>

<p>"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;</p>

<p>640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.</p>

<p>"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."</p>

<p>One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.</p>

<p><em>Renders shown are Artist's Impressions correct as of May 2026.</em></p>

<p>[smartcode_project_cta:default project_id=509]</p>


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

<p><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.</p>

<p>The sale equates to around $37,500 per sqm.</p>

<p>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.</p>

<p>Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.</p>

<p>“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.</p>

<p>“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”</p>

<p>[smartcode_project:default project_id=146358 project_image_fid=323057]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.</p>

<p>“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”</p>

<p>[smartcode_project:default project_id=146358 project_image_fid=323055]</p>

<p>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.</p>

<p>Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.</p>

<p>“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”</p>

<p>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.</p>

<p>[smartcode_project:default project_id=146358 project_image_fid=323052]</p>

<p>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.</p>

<p>Mould said the design intent was to balance that outlook with a sense of retreat.</p>

<p>“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.”</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=146358]</p>


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

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=110588 project_image_fid=5346]</p>

<p>It was a strategic move for BIG Projects to bring in a Sydney eye to the development.</p>

<p>“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.</p>

<p>“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.”</p>

<p>There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;</p>

<p>[smartcode_project:default project_id=110588 project_image_fid=5347]</p>

<p>Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."</p>

<p>“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.</p>

<p>"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.”</p>

<p data-end="236" data-start="64">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.</p>

<p>[smartcode_project:default project_id=110588 project_image_fid=5360]</p>

<p data-end="523" data-start="308">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.</p>

<p data-end="670" data-start="525">“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.</p>

<p data-end="760" data-start="672">Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.</p>

<p data-end="951" data-start="762">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.</p>

<p data-end="951" data-start="762">"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.</p>

<p data-end="951" data-start="762">Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.</p>

<p>[smartcode_project_cta:default project_id=110588]</p>


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

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p><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" /></p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;</p>

<p>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;</p>

<p><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" /></p>

<p>For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;</p>

<p>“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.</p>

<p>"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.</p>

<p>“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."</p>

<p>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.</p>

<p>"We are really looking forward to the market’s response,” he said.&nbsp;</p>


ALTA Property to deliver $200 million Queens Road apartment tower

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>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.</p>

<p>Even in the low seasons of May and June, occupancy levels reach around 40 per cent.</p>

<p><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" /></p>

<p>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</p>

<p>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.</p>

<p><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" /></p>

<p>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.<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><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" /></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span><span><span><span><span><span>​</span></span></span></span></span></span></p>

<p>The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;</p>

<p>Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.</p>

<p>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;</p>

<p>Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.</p>


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

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<div>
<div>
<div>
<span><span lang="en-GB">Mirvac Group</span></span><span><span lang="en-US"> has announced the signing of global law firm Norton Rose Fulbright to its Olderfleet building at 477 Collins Street Melbourne. </span></span>
</div>
<div><span><span lang="en-US"> </span></span></div>
<div>
<span><span lang="en-US">Norton Rose Fulbright will occupy the top floors of the 'cutting-edge' commercial building, with t</span></span><span>he firm committed to 5,100 square metres on levels 35 to 38.</span>
</div>
</div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">Mirvac is working closely with Grimshaw Architects and Carr Design to bring Olderfleet to completion, with construction on the first of the office floors well underway.</span></span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">Mirvac has secured a partnership to provide smart lighting throughout the building with Enlighted, a world-leading provider of IoT platforms for smart buildings, and Honeywell, a global Fortune 100 software-industrial company, to deliver workplace performance monitoring technology.</span></span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">Olderfleet will be the first commercial building in Australia to roll out this new system to help tenants and building managers track activity in the workplace, leading to 'cost efficiencies and better performance'.</span></span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">As part of the system, the Enlighted sensors will be placed in each LED lighting fixture to capture data on power, temperature, motion and ambient lighting via bluetooth beacons.</span></span></div>
<div><span> </span></div>
<div><span>By pairing this with smart data analytics, tenants can gain a deeper understanding of workplace efficiency.</span></div>
<div><span> </span></div>
<div><span>All data will be available via a tenant portal to allow tenants, employees and building managers to make changes to the office environment in real time.</span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">“We are proud to announce our partnership with Enlighted and Honeywell, to deliver on our promise to create a building with world-leading technology that provides the optimum environment for our tenants. It’s an exciting development for us,” added Mr Healy.</span></span></div>
</div>
<div> </div>
<div><span style="font-family: arial;"><span lang="en-US">Norton Rose Fulbright will be joining anchor tenant Deloitte, who has committed to over 26,000 square metres of office space, upon completion in 2020.</span></span></div>
<div><span style="font-family: arial;"><span lang="en-US"> </span></span></div>
<div><span style="font-family: arial;"><span lang="en-US">Mirvac successfully sold down a 50 per cent interest in the development to Suntec REIT in 2017</span></span></div>
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j.ballantyne1990-6AQqhLzZaK

477 Collin Street's Olderfleet to be model for the "technologically optimised workplace" 

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<p>Prahran had the top Melbourne auction result on the weekend with a mooted development site selling at $3.6 million.</p>
<p><a href="https://www.realestate.com.au/sold/property-house-vic-prahran-128438542" target="_blank">The 76 Williams Road offering</a> (pictured above) was listed through RT Edgar inconjunction Gross Waddell.</p>
<p>It was a block of five, two bedroom apartments, on separate titles returning $98,016 p.a.</p>
<p>The total land area of 975m2 featured two street frontages, with access via Russell Street.</p>
<p>It was within a short walk to the High Street shops and restaurants, nearby parklands and transport.</p>
<p>Each apartment comprises two bedrooms, open plan kitchen/living room, one bathroom and one car space.</p>
<p>It came with four monthly tenancies and one lease terminating February next year.</p>
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Block of five Prahran apartments sells for $3.6 million.

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<div>Impact Investment Group has announced the $120 million 12 storey Northumberland, a laneway development. 
<div> </div>
<div>Leading skincare company Aesop has already leased three floors of the building and other tenants are expected to include businesses covering a range of industries including design, innovative manufacturing, boutique services and digital agencies.</div>
<div> </div>
<div>The net lettable area of each typical floorplate is 1,505sqm, with four dual door lifts providing access to service the site’s twin foyers.</div>
<div> </div>
<div>The total lettable area is area 15,063sqm with 136 car parking spaces.</div>
</div>
<div> </div>
<div>Designed to continue the shift of new industries into the area’s industrial heritage, Northumberland has been locally designed by Collingwood architectural practice John Wardle Architects.</div>
<div> </div>
<div>“As the architects creating Northumberland, we’re very aware that this building heralds remarkable change,’’ said Mr Wardle.</div>
<div> </div>
<div>“In doing so, we wanted to create a building that was inextricably one of Collingwood, and of the fabric and the texture and the rigour of this part of the city”.</div>
<div> </div>
<div>Mr Darren Brusnahan, head of funds management for IIG real estate, said the commercial buildings would set a new high water mark for environmental sustainability and provide exceptional amenity as office accommodation for a new breed of Collingwood workers and would include collaboration areas.</div>
<div> </div>
<div>He said Northumberland is targeting a 6-star Green Star Design and As-Built Rating and a 5-star NABERS Energy Rating.</div>
<div> </div>
<div>“As well as being one of Melbourne’s most environmentally friendly buildings, it will be an exceptional place to work with significant flexibility for workplace configurations,’’ said Mr Brusnahan.</div>
<div> </div>
<div>Mr Brusnahan said uncompromised views would provide upper floor residents with sweeping sight-lines to the leafy eastern suburbs, Melbourne’s CBD and Port Phillip Bay.</div>
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Aesop set for Collingwood architectural gem

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<p>The BPM Melbourne developer Jonathan Hallinan is reportedly close to selling the hotel component of his Southbank skyscraper, Shadow Play.</p>
<p>The 70 apartments have been leased to Mantra who will be paying over $2 million per annum.</p>
<p>The hotel spreads across the first nine floors of the 46-storey building and comprise one and two bedroom hotel rooms.</p>
<p>The building is currently under construction on the north-east corner of Clarendon Street and City Road.</p>
<p>The Age reported an undisclosed investor was paying a speculated $20 million plus, following a campaign by JRW Property International's Leo Ren and Joyce Liu.</p>
<p> </p>
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BPM's Jonathan Hallinan closing in on Shadow Play hotel sale

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<p>PAG, the Hong Kong investment management firm has put its half stake in Sydney’s sixth-largest ­office tower, 60 Margaret Street, up for sale.</p>
<p>It includes the MetCentre at the foot of the building.</p>
<p>It has ING ­Direct as a major tenant.</p>
<p>The retail centre is anchored by a street-level Woolworths supermarket and Virgin Active along with 75 specialty stores within the 6419sq m retail centre.</p>
<p>The entire building value is estimated at more than $800 million, according to The Australian.</p>
<p>PAG’s listing comes as Sydney’s office property boom hits new highs, with ISPT completing a deal to buy a half-stake in Sydney landmark Westpac Place in a deal valuing that tower at more than $1.7 billion.</p>
<p>The Australian reported the Westpac Place deal helped reset pricing metrics for Sydney towers as it showed a yield of about 4.5 per cent.</p>
<p>PAG bought its 60 Margaret Street stake in 2015 from industry superannuation fund MTAA Super for just over $300 million.  </p>
<div class="cq-article-content-paras section">
<p data-gtm-vis-recent-on-screen-7770372_137="56599" data-gtm-vis-first-on-screen-7770372_137="56599" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">Mirvac Group, which owns the other half, had waived its pre-emptive right over the stake. Mirvac Group moved out in 2016 to its 200 George Street project close by. </p>
</div>
<p>The latest off-market offering is being handled by Ian Hetherington, Ben Azar and Tim Grossman of Savills.</p>
<p>The A-grade building, which consists of 36 office levels and three levels of shops, with ­direct access to Wynyard railway station.</p>
<p>The tower spans 40,985 sqm.</p>
<p><a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502349942" target="_blank">There are leasing spaces available</a> through Savills which notes <span>Wynyard hub is undergoing one of the largest transformations the city has ever seen; its a</span><span>vailability through Savills agents Christina Malcolm and Chris Rowe. </span><br><br><span>Level 9: 1,410 sqm</span><br><span>Low rise whole floor offers impressive cityscape and Wynyard park views with good natural light. Refurbishment of the whole floor now completed. </span><br><br><span>Level 15: ~380sqm </span><br><span>Tenancy offers direct lift exposure, South/East aspect, impressive city views and natural light. </span><br><br><span>Level 16: 583sqm </span><br><span>Refurbished part floor opportunity with North/East city views and good natural light.</span><br><br><span>Level 36: 596.4sqm</span><br><span>Top floor suite offers exceptional South/West city views, direct lift exposure and to be refurbished to a high standard.</span><br><br><span><br></span></p>
<p> </p>
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Savills list 60 Margaret Street, Sydney stake

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<p>The Australian government is developing a <a href="https://infrastructure.gov.au/transport/freight/national-strategy.aspx" target="_blank">national freight and supply chain strategy</a>. As part of that effort, we created a set of scenarios describing what Australia’s future might look like 20 years from now. In evaluations by a large number of experts of all the future drivers of change we identified, two emerged as the most powerful and uncertain: widespread use of automation, and increased pressure to become environmentally sustainable.</p>
<p>We also explored what Australia should do to remain successful in each of these possible futures. Each scenario was crafted as a rich description of the future, full of elements relevant to supply chains and freight.</p>
<p>To illustrate what the world might look like in each of these futures, several “news articles” accompany the scenarios. They tell us of a fleet of robots that deliver parcels by air and ground directly to Australian homes. They describe a container of Australian wines travelling from Victoria to Shanghai without human intervention, using <a href="https://www.smh.com.au/technology/autonomous-ghost-ships-are-coming-to-revolutionise-freight-20170905-gyatcs" target="_blank">autonomous ships</a> and <a href="https://theconversation.com/au/topics/autonomous-vehicles-1007" target="_blank">vehicles</a>.</p>
<p>In one scenario, China has become the sole dominant power in its half of the planet. In another, the world economy has fragmented into blocks, with barely any trade between them. Cyber-attacks, terrorism and slander are used as weapons to disrupt supply chains in one scenario. In another, a whole new generation of consumers, the Alphas, demands high levels of service and fast delivery in everything they buy.</p>
<p><a href="https://images.theconversation.com/files/223700/original/file-20180619-38819-18mkm61.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/223700/original/file-20180619-38819-18mkm61.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a></p>
<p><span class="caption">Container terminals have long used autonomous vehicles and machinery, and autonomous ships are on the way.</span><span class="attribution"><a class="source" href="https://commons.wikimedia.org/wiki/File:9-028_Rotterdam_ECT.jpg"><br></a></span></p>
<h2>How did we create these scenarios?</h2>
<p>We started by asking 52 experts in freight and supply chains about things they expect will be different two decades from now. These interviews revealed more than 200 future drivers of change. We validated these in a survey with an even larger group of experts.</p>
<p>We then used 32 families of these drivers as the building blocks to create <a href="http://cscl.space/scenarios" target="_blank">four scenarios</a>:</p>
<ol>
<li>
<a href="http://cscl.space/scenarios/s1.pdf" target="_blank">The Rise of the Machines</a> – a world where technology dominates everything we do</li>
<li>
<a href="http://cscl.space/scenarios/s2.pdf" target="_blank">Enter the Dragon</a> – China is the dominant force in an increasingly fragmented world</li>
<li>
<a href="http://cscl.space/scenarios/s3.pdf" target="_blank">Flat, Crowded and Divided</a> – Australia’s population has soared, to the point that easy access to cheap labour has nullified any hopes of a technological revolution</li>
<li>
<a href="http://cscl.space/scenarios/s4.pdf" target="_blank">Big Brother Goes Green</a> – the effects of climate change are increasingly real, and both governments and savvy consumers demand that companies meet high environmental standards.</li>
</ol>
<p>We made sure that each scenario was plausible and internally consistent. The scenarios were designed to be very different from the present and from each other, and to complement each other as a group.</p>
<p>While these scenarios are fun to read and thoroughly grounded in data, they are not predictions. Their purpose is not to forecast what the world <em>will</em> look like in 20 years.</p>
<p>Instead, the scenarios present us with several versions of what the world <em>might</em> look like. Their purpose is to help us <em>prepare</em> for what the future could bring. I like to think of scenario planning as a vaccine against future surprises.</p>
<p>The four scenarios served as the stage for a series of workshops conducted across Australia with a total of 90 experts. In these workshops, the experts discussed the challenges and opportunities each scenario presents for Australia’s freight and supply chains. They proposed ways for Australia to be successful in each scenario, and compared notes on suggestions that worked well across multiple scenarios.</p>
<p>We collected more than 15,000 words’ worth of handwritten expert recommendations in our four workshops. We transcribed and analysed all of them, and prepared a complete summary of the most frequent and robust ideas. These are included in our project’s <a href="https://infrastructure.gov.au/transport/freight/freight-supply-chain-priorities/research-papers/files/Scenario_planning_report.pdf" target="_blank">final report</a>.</p>
<h2>So what do the experts recommend?</h2>
<p>In the experts’ recommendations, it is easy to identify three major themes that are common to all four scenarios.</p>
<p>The first is the ever-growing importance of data. For Australia to be successful in <em>any</em> of the futures we envisioned, large amounts of relevant, timely and reliable data must be gathered and shared. This will require open and common data standards to be developed. The need to protect confidentiality will have to be balanced with the need to share data.</p>
<p>The second major theme is the need to educate for the future. Training in robotics, automation, artificial intelligence (AI) and data analysis should be widely available. A focus on science, technology, engineering and maths (STEM) should start in Year 1. Workers who are displaced by new technologies should be retrained, so they can re-enter the workforce.</p>
<p>The third major theme is the need to rethink regulation. For Australia to be successful in any of the futures we explored, it is necessary to simplify, standardise and harmonise regulations across levels of government and geographies. Regulations, and the process to create them, must become more flexible and agile, so as to promote innovation.</p>
<p>There are other robust recommendations that, according to the experts, are necessary in all four scenarios.</p>
<p>One is to make exports a strategic priority of national importance. Making exports faster and easier was recommended.</p>
<p>Another is the need for cities to include logistics in their plans from the start, not as an afterthought.</p>
<p><img src="https://counter.theconversation.com/content/98249/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The many insights obtained in our project are informing the freight and supply chain strategy that the Australian government is creating. These will help those making long-term decisions to avoid future surprises that might not have been anticipated without a systematic examination of the many possible futures before us.</p>
<p><span><a href="https://theconversation.com/profiles/roberto-perez-franco-497942" target="_blank">Roberto Perez-Franco</a>, Senior Research Fellow – Supply Chain Strategy, <em><a href="http://theconversation.com/institutions/deakin-university-757" target="_blank">Deakin University</a></em></span></p>
<p>This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/what-will-freight-and-supply-chains-look-like-20-years-from-now-experts-ponder-the-scenarios-98249" target="_blank">original article</a>.</p>
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How will freight and supply chains change in the next two decades?

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<div align="justify">An Australian first, Mercedes-Benz Brisbane has unveiled plans to open its first boutique Brisbane retail offering</div>
<div align="justify"> </div>
<div align="justify">With an opening planned in mid-August, it will be located at 300 Adelaide Street.</div>
<div align="justify"> </div>
<div align="justify">Hong Kong’s Lei Shing Hong group is spending $200 million developing the new Mercedes-Benz showrooms.</div>
<div align="justify"> </div>
<div align="justify">The Mercedes-Benz Brisbane Boutique will allow consumers to book test drives of the latest Mercedes-Benz vehicles, book their own car in for a service and purchase merchandise. </div>
<div align="justify"> </div>
<div align="justify">Mercedes-Benz Brisbane principal, Shane Parkins, said bringing the unique concept will provide a new touchpoint for existing clientele, as well as creating the opportunity for the brand to reach a new customer base.</div>
<div align="justify"> </div>
<div align="justify">“We know people are increasingly time-poor, so we want to make life as easy as possible for our clients, and see this as a chance to offer a more convenient, customer-centric service in the easy-to-access heart of Brisbane City,” Mr Parkins said.</div>
<div align="justify"> </div>
<div align="justify">“We’re continually looking for new, innovative solutions to promote ease of business for both current and future customers and this concept really hits the nail on the head. We’ve created something unique for the Brisbane market that connects with customers in a local way,” he said.</div>
<div align="justify"> </div>
<div align="justify">As well as being inspired by the global network of MercedesMe stores, which have been designed to operate as creative hubs for the public to engage with the brand in a relaxed, non-sales driven environment, the concept was also based on consumer insights and is a demonstration of Mercedes-Benz Brisbane’s agile approach to retail and customer behaviour.</div>
<div align="justify"> </div>
<div align="justify">“With the way retail has been evolving and will continue to evolve, we know that consumers want to experience the essence of a brand – not just its products. The way LSH Auto Australia are developing new projects, including our Breakfast Creek development, has this fusion of brand and lifestyle at the heart,” explained Mr Parkins.</div>
<div align="justify"> </div>
<div align="justify">The showroom will be positioned alongside retail partner Motorwagen, a new café/restaurant that offers a contemporary dining experience with an emphasis on house-made dishes and best local produce.</div>
<div align="justify"> </div>
<div align="justify">Shane Parkins said Lei Shing Hong Auto Australia had three new projects under way: the new CBD boutique, which would open in August, <span>a 32,000 sqm five-level showroom and facility in Brisbane’s inner city Breakfast Creek, plus a 10,000sq m dealership in the outer suburban North Lakes</span>.</div>
<div align="justify"> </div>
<div align="justify">“Most people are intimidated by walking into a car dealership,” Parkins said, noting that the Adelaide Street store would refer potential customers to dealerships</div>
<div align="justify">
<p>The world's largest distributor of Mercedes-Benz, Hong Kong's Lei Shing Hong, hopes to also develop a $290 million office tower on Melbourne's Southbank incorporating a state-of-the-art car showroom.</p>
</div>
<div align="justify">
<p>The bold plan to combine an office tower of almost 30,000 square metres with a car showroom is part of a broader trend that has seen upmarket dealerships secure expensive inner-city positions within larger mixed-use projects.</p>
</div>
<div align="justify"> </div>
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Mercedes Boutique Shoppe set for Brisbane's Adelaide Street

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<p>A new land rate record has been set in the retail precinct of Church Street, Brighton.</p>
<p>Mark Talbot and David Bourke of Fitzroys sold 67 Church Street (pictured above) for $2.41 million at auction.</p>
<p>The sale price reflected a land rate of $39,000 per sqm.</p>
<p>It sold on a sharp yield of 3.2%.</p>
<p>The property has a two-level 110sqm building with among other leases, a five-year lease to international stationery company Smiggle, part of ASX-listed Premier Investments, which has a $2.5 billion market capitalisation.</p>
<p>The auction campaign attracted more than 90 enquiries from local and offshore investors and owner occupiers.</p>
<p>He said Smiggle has occupied the building for close to 15 years.</p>
<p>Talbot said Church Street, Brighton is a thriving shopping precinct and includes most of Australia’s new and established fashion operators.</p>
<p>Fitzroys research shows Church Street’s vacancy rate tightened to 1.3% over the past 12 months.</p>
<p>“We also received a large volume of interest from owner occupiers looking to give themselves an opportunity in future to operate out of a prized Church Street retail space,” he said.</p>
<p>Talbot and Bourke sold 67 Church Street on behalf of a private family.</p>
<p>Last year, Talbot sold the shop and dwelling freehold at 83 Church Street (pictured below) last year for $3.08 million, at a precinct record yield of 1.9%.</p>
<p><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/2018/6/27/87%20Church%20St.jpg" alt=""></p>
<p>It marked the first time the property had been offered for sale in 45 years.</p>
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Smiggle, Church Street, Brighton investment sets record commercial land rate

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<p>Looking at data for the 50 most populous non-capital city council areas, the majority of them have seen house and unit values increase over the 12 months to May 2017. </p>
<p>The data indicates that after a long period of soft housing market conditions following the financial crisis, housing demand is starting to pick up across many of the larger regional areas. </p>
<p>Those areas that are continuing to see values fall are in many instances linked to the mining and resources sector.</p>
<p>Of the non-capital city council areas analysed, the Wollongong council area is the most expensive for houses ($730,427) and units ($530,170) as well as having seen the greatest increase in house values and the fourth highest increase in unit value over the past year. </p>
<p>The Wollongong housing market has seen housing demand rise as demand ripples away from Sydney where affordability constraints are more pressing. </p>
<p>Additionally, prices are being pushed higher as more people seek out coastal and lifestyle properties.</p>
<p>In New South Wales in particular, regional areas of the state, particularly those reasonably close to Sydney are generally seeing strong value growth. </p>
<p>This is most likely linked to affordability relative to Sydney as well as Sydney home owners using the equity in their home to purchase investment properties in lifestyle markets.</p>
<p>The regional areas of Victoria, particularly those close to Melbourne, are experiencing value growth however, it is nowhere near the magnitude to which values are growing in those locations close to Sydney. </p>
<p>Although values are rising, the relatively softer growth can be linked to the fact that values have not risen as sharply in Melbourne as they have in Sydney and subsequently affordability hasn’t deteriorated as severely in Melbourne.</p>
<p>Queensland’s results are somewhat more mixed with the south-east corner generally seeing values rise while elsewhere growth is extremely mild or values have fallen.</p>
<p>Click to enlarge </p>
<p><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/2017/06/29/2017-06-23--pp1.jpg" alt=""></p>
<p>In fact, the Gold and Sunshine Coasts and Noosa are seeing more rapid value growth than Brisbane is. </p>
<p>It seems as if a lot of demand across these regions is coming from the accelerating internal migration to Queensland and buyers from Sydney and Melbourne that have substantial equity in their homes and are looking for lifestyle properties.</p>
<p>Of the areas that we looked at, each of the 24 regions we highlighted in New South Wales have recorded value growth for houses over the past year. </p>
<p>For units, only 4 of the 24 regions have recorded value falls over the past 12 months.</p>
<p>In Victoria we highlighted 10 regional council areas in the analysis. </p>
<p>Of these regions analysed, two recorded value falls over the year for houses and 2 regions also recorded falls for unit values. </p>
<p>Greater Shepparton was the only council area of the state which recorded value falls for houses and units.</p>
<p>Of the 13 regions highlighted for Queensland, five have recorded value falls for houses over the past year and seven have recorded declines for units.</p>
<p>Each of the regions highlighted in Western Australia have recorded value falls over the past year for houses and units.</p>
<p>Launceston was the only region analysed in Tasmania and it has seen house and unit values rise over the past year. </p>
<p>It should be noted while values have increased they have done so at a more moderate pace than those in Hobart.</p>
<p>Overall it seems that housing demand in regional areas of the country is rising. </p>
<p>While many regions are seeing value increase, the strongest demand appears to be in those areas within relatively close proximity to capital cities, particularly those which are coastal and tap into lifestyle demand.</p>
<p>Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.</p>
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ckusher-ujnxiKuFQs

Gladstone houses and apartment struggling as regions typically see values rise: Corelogic

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<p dir="ltr">Teska Carson is still marketing a prime, mixed-use, investment at Oakleigh in Melbourne’s south-east.</p>
<p dir="ltr">Located at 40-42 Atherton Road within Oakleigh’s retail and commercial precinct, the property comprises an 829 square metre building.</p>
<p dir="ltr">It incorporates a double fronted, 278 square metre shop and three brand new apartments over two levels, each with balconies and two car spaces.</p>
<p>The Commercial 1 zoned, 424 square metre site, which is located in a precinct that includes Woolworths, Coles, Liquorland, all major banks, and Chemist Warehouse, has 10.5 metres frontage to tree-lined Atherton Street.</p>
<p>The retail component is currently leased to ANZ Bank on a ten year term at circa $133,705 per annum.</p>
<p>The three apartments, including one with three bedrooms and study, one with three bedrooms and one with two bedrooms, will be offered with vacant possession but with a 12 month rental guarantee bringing the total return to $235,105.</p>
<p>Teska Carson’s George Takis and Michael Taylor are offering the property for the first time in 20 years.</p>
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