Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

Joel Robinson

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

<a href="https://www.apartments.com.au/developers/shayher-group">Shayher Group</a> has secured approval for its major mixed-use development at 309 North Quay, paving the way for more than 1,100 apartments across two towers on the western edge of the Brisbane CBD.

The approval marks a significant step forward for the 6,436 sqm riverfront-adjacent site near the William Jolly Bridge, an area increasingly targeted for high-density residential development as Brisbane’s Roma Street precinct evolves into one of the city’s key transport and lifestyle hubs.

Designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, the approved scheme will deliver <a href="https://www.apartments.com.au/new-apartments/309-north-quay-brisbane-city-qld-4000">two towers</a> rising 56 and 51 storeys, incorporating a mix of one to four-bedroom apartments, branded residences, retail, and hospitality offerings.&nbsp;

The development has been designed as a two-stage project. The eastern tower will accommodate 611 residences, including branded residences and a rooftop sky restaurant, while the western tower will introduce a further 511 apartments.&nbsp;

Rather than treating the site as a standalone tower project, the proposal focuses heavily on the public realm and pedestrian connectivity, responding to the transformation underway around Roma Street Station and the Cross River Rail precinct.

<img alt="Shayher Group secures approval for dual-tower 1,100-apartment North Quay development in Brisbane CBD" data-entity-type="file" data-entity-uuid="c11aa631-aea6-499d-8728-683126f3fa52" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240522_n11-2.jpg?VersionId=NeKLHwbYutfM7uPGlkyl5Gz92cHrbOPB" />

The towers will rise from a layered podium designed by Blight Rayner, featuring publicly accessible retail, landscaped terraces, and a cross-block pedestrian link connecting May Street to North Quay. The podium design incorporates what the project team describes as a “cliff garden,” with subtropical planting integrated throughout the built form from street level upward.

Plus Studio Director Danny Juric said the design approach sought to establish a stronger relationship between the site, the river edge, and the wider city renewal occurring around Roma Street.

“The design for North Quay by Shayher represents our most significant project in the Brisbane CBD to date,” Juric said.

“Our design proposes two distinctive towers that aim to serve as an organic gateway to the city, framing views to the river, Mount Coot-tha and Roma Street.”&nbsp;

The architecture adopts slender tower forms with faceted glazing and articulated façades intended to respond to Brisbane’s subtropical climate, while also reducing wind impacts at height and maximising river and city views.

<img alt="Shayher Group secures approval for dual-tower 1,100-apartment North Quay development in Brisbane CBD" data-entity-type="file" data-entity-uuid="ea686017-3f17-44e1-8d10-9659b6f6f306" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/09_2025_five-dock-comms-plan.jpg?VersionId=LNvkRBrj2irHReA8cpx_COJ4KOIZHCm." />

According to planning documents prepared by Urbis, the project has been positioned to support Brisbane City Council’s broader inner-city intensification strategy and the ongoing renewal of the Roma Street precinct.

The location places future residents within walking distance of Roma Street Station, the future Brisbane Metro interchange, and the city’s expanding pedestrian and cycling network. The site also connects directly to major road corridors including Coronation Drive and the Inner City Bypass.&nbsp;

The approval adds to Shayher Group’s growing Queensland development pipeline, which also includes the redevelopment of the former Bulimba Barracks site in Brisbane’s inner east.

First look: Shayher Group secures approval for dual-tower, 1,100-apartment North Quay development in Brisbane CBD

A full-scale Sky Homes prototype apartment for <a href="https://www.apartments.com.au/new-apartments/zeste-at-the-orchards-norwest-104-fairway-drive-norwest-nsw-2153">Zeste</a> has been opened by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, offering buyers a look at the final residential release within The Orchards masterplan in <a href="https://www.apartments.com.au/developments/norwest-nsw-2153">Norwest</a>.

The prototype launch coincides with buyer demand for larger apartment living continuing across Sydney’s Hills District.

David Lee, Sales Manager, Apartment &amp; Mixed-Use Developments at Sekisui House Australia said it was evident from the preceding four stages at The Orchards that a large number of buyers were local owner occupiers or downsizers specifically looking for oversized apartments with additional living spaces.

“The majority of buyers prefer to touch, feel and physically sight a full-scale completed apartment, rather than imagining the living spaces from floor plans," Lee says.

"The prototype apartment provides greater clarity and buyer confidence. We expect this will increase sales momentum for Zeste and the Sky Homes in particular.”

[smartcode_project:default project_id=150510 project_image_fid=351878]

Positioned within Stage 5’s Zeste project, the Sky Homes form part of the final opportunity to purchase within the award-winning master-planned community, which will ultimately deliver approximately 1,300 apartments.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, Zeste comprises two residential buildings, Essence and Eden, providing 209 apartments surrounded by extensive landscaping, resort-style amenities and community spaces.

Ben Pomroy, Principal at Rothelowman said Zeste explores a reinvention of the traditional house, in the orchard, synthesising the nostalgic story of the orchard homestead of yesteryear with a contemporary aesthetic inspired by the landscape.

“Natural light and ventilation are key to the design, contributing to a higher quality of life at the human scale. Across all Rothelowman projects, our ethos of ‘a generous eye for life’ drives our consideration of the human experience as the central point of focus of our design process.”

Pomroy says a&nbsp;notable design element is the cathedral glass light boxes incorporated in the joinery, inspired by the idea of wandering the orchard homestead with a lantern in hand, something familiar and nostalgic.

"We took this narrative and gave it a contemporary twist that is both beautiful and functional, creating unique features that unify the kitchen and bathrooms design.”

[smartcode_project:default project_id=150510 project_image_fid=351874]

In addition to the two residential buildings, Zeste comprises a single-story community amenity pavilion nestled in the landscape between Essence and Eden.

“The communal pavilion is a distinctive feature designed to foster a deep sense of community, with nature at its heart," Pomroy added.

"Whether it is watching the football grand final or hosting a family BBQ, the pavilion is designed as a place where residents can create memorable moments with friends, family and neighbours.

Since launching Essence, the first building within Zeste, buyer demand has remained strong with more than 30 per cent of residences already sold. Sky Homes have accounted for nearly 40 per cent of all sales achieved since launch.

“Purchasers are responding positively to the oversized layouts, diverse apartment configurations and the vast range of community facilities that will be available at completion,”David Lee noted.

Zeste Sky Homes represent approximately 35 per cent of the entire Stage 5 offering and are available across both Essence and the yet-to-launch Eden building. Prices for the Sky Homes range from $1,135,000 with one car space through to $1,500,000 for two car spaces.

Apartments across the broader Zeste release start from approximately $715,000, with generous floorplans ranging from 59 to 144sqm. Select residences also feature integrated ‘Max’ spaces, designed to function as flexible areas for home offices, children’s playrooms or additional storage.

Zeste also continues Sekisui House Australia’s sustainability partnership with Altogether Group, delivering integrated water, power and data services alongside passive design initiatives including cross-ventilation, landscaping and water features.

Early purchasers are currently able to access a selection of premium upgrade options, with VIP buyers receiving one complimentary upgrade package. A 2.5 per cent deposit is available for a short time.

Sekisui recently commenced its pre-construction phase. They are expecting an early 2028 completion of Zeste.

[smartcode_project_cta:default project_id=150510]

Zeste Sky Homes prototype opens as buyer demand surges for oversized apartment living

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

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Set in the heart of the Kings Cross entertainment precinct on Kellett Street, The Powder Keg premises have been sold at $1,712,000.
Its lease came with a net income $122,000 per annum plus GST. There was fixed rental growth of 4% per annum for the 150 sqm space that included valuable outdoor area of 19 sqm. 
It was marketed as a "rare opportunity to purchase a high quality long term investment in this tightly held retail precinct," by James Griffiths at LJ Hooker Commercial.
It is leased to the international award winning Grant Collins, the food and beverage consultant with a new high quality fit-out from Edge Design Studio on a new 6 plus 6 year lease.
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jchancellor-FAypfDUnLy

Kings Cross Powder Keg premises sold

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The Abu Dhabi Investment Authority has sold its CBD Canberra hotel for $77 million.
The Novotel at 65 Northbourne Avenue was sold by the sovereign wealth fund owned by Emirate of Abu Dhabi.
According to Canberra Cityscope, the Novotel Canberra, which includes the Jolimont retail centre, was built in 1983.
The six-storey building with basement parking is a 286-room hotel that was refurbished and extended in 2009. 
The property last traded at $10 million in 1998.
 
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Abu Dhabi sovereign wealth fund sells ACT hotel

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The latest research from Perth Cityscope shows property sales have decreased in the past three months. Sales recorded in the quarter ending June 2015 totalled $10.3 million, a decrease from the $87.8 million recorded in the three months to March 2015, and a decrease from the $89.5 million recorded to December 2014.
This data brings the 12 month total to $391.6 million, a decrease from the $1.05 billion recorded the same time last year.
The table below shows sales recorded for the past eight updates of Perth Cityscope.
<a href="/images/2015/06/17/perth_cityscope.jpg" target="_blank">Click to enlarge</a>
<img class="aligncenter size-large wp-image-4916" src="https://blog.corelogic.com.au/wp-content/uploads/2015/06/Pulse-PRSalesGrid-580x265.gif" alt="Perth Cityscope Quarterly Sales" width="580" height="265">
Recent standout sales in Perth include:
<ul>
<li>195 Hay Street (map 20 property 33), a 3-level building with retail space on the ground floor, residential back packer accommodation on the first floor and basement parking for 8 cars, was bought for $2.7 million.</li>
<li>139 Barrack Street (map 8 property19), a single-storey retail building with room for one car to the rear, was bought for $1.5 million through Realmark Commercial.</li>
<li>716 Murray Street (map 25 property 11), a single-storey former house built circa 1900 and refurbished in 1997 with parking for 5 cars, was bought for $1.4 million through Burgess Rawson.</li>
</ul>
Properties for sale in Perth in June 2015 include:
<ul>
<li>53 Ord Street (map 35 property 1), an A-grade office building of 5 storeys with a 2-level car park and a building area of 6,864 sqm is for sale through CBRE.</li>
<li>Four Points by Sheraton Perth (map 1 property 2) at 707-713 Wellington Street, an 8-storey, 278-room hotel is for sale through CBRE.</li>
<li>Unit 19 (map 24 property 1A unit 19) at 160-162 Colin Street, part of the Blue Note Executive Offices, of 620 sqm on level one plus 13 car spaces on the basement level is for sale at $4.59 million through Burgess Rawson.</li>
</ul>
Significant leasing opportunities in Perth in June 2015 include:
<ul>
<li>45 St Georges Terrace (map 9 property 56), a building of 9 floors of office space, 2 basement levels and 2 levels of plant and equipment, has 329 to 2,504 sqm available for lease through CBRE and Sheffield Property Group.</li>
<li>Central Park (map 7 property 4) at 777 Hay Street, a 48-storey office tower plus 4 levels of basement parking has 500 to 8,779 sqm for lease through Savills and JLL.</li>
<li>32 St Georges Terrace (map 12 property 17), a 16-storey commercial building expanded in 2014 to 14,895 sqm, with basement car parking for 46 vehicles, has 200 to 7,242 sqm in the redeveloped building available for lease through JLL and Knight Frank.</li>
</ul>
<a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=bpzm6SgrrdSzgCJxHIIVSEJ7s3mrdGRcxYpgQ3c1a1AheJadvHbSCGgAdAB0AHAAOgAvAC8AYgBsAG8AZwAuAGMAbwByAGUAbABvAGcAaQBjAC4AYwBvAG0ALgBhAHUALwB3AHAALQBjAG8AbgB0AGUAbgB0AC8AdQBwAGwAbwBhAGQAcwAvADIAMAAxADUALwAwADYALwBQAHUAbABzAGUALQBQAFIAUwBhAGwAZQBzAEMAaABhAHIAdAAuAGcAaQBmAA..&amp;URL=http%3a%2f%2fblog.corelogic.com.au%2fwp-content%2fuploads%2f2015%2f06%2fPulse-PRSalesChart.gif" target="_blank" rel="wp-prettyPhoto[g4915]"><img class="aligncenter size-full wp-image-4917" src="https://blog.corelogic.com.au/wp-content/uploads/2015/06/Pulse-PRSalesChart.gif" alt="Perth Cityscope Quarterly Sales graph" width="532" height="321"></a>
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership and can be contacted <a href="https://www.corelogic.com.au/products/cityscope" target="_blank">here</a>. <a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=FIflEkWcByIy5Xi6efHKj9Fe4xPxYuHzgUe3KQQtEiEheJadvHbSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgBjAG8AcgBlAGwAbwBnAGkAYwAuAGMAbwBtAC4AYQB1AC8AcAByAG8AZAB1AGMAdABzAC8AYwBpAHQAeQBzAGMAbwBwAGUA&amp;URL=http%3a%2f%2fwww.corelogic.com.au%2fproducts%2fcityscope" target="_blank" style="line-height: 1.3em;"> </a>
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Perth office sales tally down $600 million: Cityscope

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The latest research from Newcastle Cityscope shows that commercial property sales have decreased in the three months to June 2015.
The most recent quarter had 25 sales at a total value of $22.2 million, as compared to 26 sales totalling $38 million in the three months to March 2015, though it is an increase from the 13 sales totalling $21.8 million for the quarter to December 2014.
This latest data brings the total sales value in Newcastle Cityscope to $142 million for the year, a decrease from the $151.3 million recorded the same time last year.
The table below shows sales recorded for the last eight updates of Newcastle Cityscope.
<a href="/images/2015/06/17/700_newcastle.jpg" target="_blank">Click to enlarge</a>
<a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=-k3jv6bUmFJ4Jj4DEQXoOPvso3n6aIlUWa2vPi1XVxNaiqcAvXbSCGgAdAB0AHAAOgAvAC8AYgBsAG8AZwAuAGMAbwByAGUAbABvAGcAaQBjAC4AYwBvAG0ALgBhAHUALwB3AHAALQBjAG8AbgB0AGUAbgB0AC8AdQBwAGwAbwBhAGQAcwAvADIAMAAxADUALwAwADYALwBQAHUAbABzAGUALQBOAEMAUwBhAGwAZQBzAEcAcgBpAGQALgBnAGkAZgA.&amp;URL=http%3a%2f%2fblog.corelogic.com.au%2fwp-content%2fuploads%2f2015%2f06%2fPulse-NCSalesGrid.gif" target="_blank" rel="wp-prettyPhoto[g4923]"><img class="aligncenter size-large wp-image-4924" src="https://blog.corelogic.com.au/wp-content/uploads/2015/06/Pulse-NCSalesGrid-580x309.gif" alt="Newcastle Cityscope Quarterly Sales" width="580" height="309"></a>
Notable sales in the June 2015 update of Newcastle Cityscope include:
<ul>
<li>464-470 King Street , Newcastle West, a two-storey office building and an adjoining single-storey brick commercial building with a net lettable area 3,626 sqm mas bought for $3.85 million.</li>
<li>48-50 Hunter Street, Newcastle, a five-storey rendered brick building commercial with classical facade detail, built circa 1926 was bought for $3.745 million.</li>
</ul>
The most notable property for sale in Newcastle Cityscope in the June 2015 update is:
<ul>
<li>11 Argyle Street, Newcastle, a six-storey building with 342 cars with two levels of office space and a total net lettable area 5,002 sqm is for sale by expression of interest closing 18 June 2015 through Knight Frank and CBRE.</li>
</ul>
Leasing opportunities listed in the June 2015 update of Newcastle Cityscope include:
<ul>
<li>150-162 Wharf Road, Newcastle, a three-storey ferry building and two-storey wharf building, has 3,000 sqm of retail space for lease in June 2015 through Colliers International Newcastle.</li>
<li>A future development at 16-18a Honeysuckle Drive, Newcastle West has 7,000 sqm for lease in a future development on the site through Colliers International Newcastle.</li>
</ul>
<a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=yf6zTID0UnPyHU9SYksHj0YWxK458vqMHcQn8lGhudVaiqcAvXbSCGgAdAB0AHAAOgAvAC8AYgBsAG8AZwAuAGMAbwByAGUAbABvAGcAaQBjAC4AYwBvAG0ALgBhAHUALwB3AHAALQBjAG8AbgB0AGUAbgB0AC8AdQBwAGwAbwBhAGQAcwAvADIAMAAxADUALwAwADYALwBQAHUAbABzAGUALQBOAEMAUwBhAGwAZQBzAEMAaABhAHIAdAAuAGcAaQBmAA..&amp;URL=http%3a%2f%2fblog.corelogic.com.au%2fwp-content%2fuploads%2f2015%2f06%2fPulse-NCSalesChart.gif" target="_blank" rel="wp-prettyPhoto[g4923]"><img class="aligncenter size-full wp-image-4925" src="https://blog.corelogic.com.au/wp-content/uploads/2015/06/Pulse-NCSalesChart.gif" alt="Newcastle Cityscope Quarterly Sales Graph" width="532" height="321"></a>
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership and can be contacted <a href="https://www.corelogic.com.au/products/cityscope" target="_blank">here</a>. <a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=_pCOyVu-2ro81S9Q6yyJCTaqjkAX_XG9zRjjfOFcAvdaiqcAvXbSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgBjAG8AcgBlAGwAbwBnAGkAYwAuAGMAbwBtAC4AYQB1AC8AcAByAG8AZAB1AGMAdABzAC8AYwBpAHQAeQBzAGMAbwBwAGUA&amp;URL=http%3a%2f%2fwww.corelogic.com.au%2fproducts%2fcityscope" target="_blank" style="line-height: 1.3em;"> </a>
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Newcastle commercial property activity ticking over: Cityscope

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Alexander Poulakis, from the high-end fashion house Harrolds, has secured a dilapidated heritage Melbourne CBD offering, with intentions for a mixed-use retail, food-hospitality and office lane way complex.
It is Melbourne's last surviving flour mill set amid the once-thriving garment manufacturing industry.
The three-level commercial building at <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-501549975" target="_blank">2 Mill Place</a>, off Flinders Lane, near University Arcade, dates back to the 1840s.
It sold at recent CBRE auction for $4.02 million.
Its vendor syndicate included Melbourne architect Peter Christoff.
The building was once the outlet of the Flemington Meat Preserving Company.
It is one of <a href="https://planningschemes.dpcd.vic.gov.au/schemes/melbourne/ordinance/22_lpp20_melb.pdf" target="_blank">233 Melbourne lane ways</a>.
 
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Harrolds secures Melbourne lane way mill offering

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Property group Mirvac has bought the long-standing St Leonards headquarters of Leighton and an adjoining tower for $121 million, following on from its hugely successful Era project in Chatswood.
The 5000-square-metre CIMIC site, at 472 and 486 Pacific Highway, is currently two commercial office buildings, but rezoned for mixed use hat could yield more than 500 apartments. 
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"As well as aligning with our strategy to focus on apartment projects in the inner ring, this project has the potential to benefit from the NSW government's proposed Sydney Metro expansion, which will see new railway stations introduced at St Leonards and Artarmon, enhancing the public transport services offering," Mirvac chief executive Susan Lloyd-Hurwitz said.
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Mirvac buys CIMIC site at St Leonards

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Savills have sold a Melbourne CBD development site with a permit for a twin tower project incorporating 400 apartments.
It was likely to fetch more than $20 million, but secured $35 million.
Major UK student accommodation developer, Scape paid a record CBD land rate of $37,154 a square metre for a major CBD development site. The 212-222 La Trobe Street property, comprising a large 942 square metre site zoned Capital City 1 with five street frontages, is located directly opposite Melbourne Central shopping centre. The recently approved permit would see the construction of connecting Jackson Clements Burrows-designed towers of 39 and 54 levels on the site which stretches through to a second frontage on Little La Trobe Street. According to Savills agent Nick Peden and Clinton Baxter, the property offered the single best redevelopment opportunity to be offered to the Melbourne market this year.
The property, which has been privately owned for 31 years.
Expressions of interest closed June 10.
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Savills secures snappy $35 million La Trobe Street, Melbourne site sale

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Brigt Australia, an Australian based property investment company with a head office in China, has lease office space at 133 Castlereagh Street, Sydney.
The deal, negotiated by Jamie Horton of Savills Office Leasing, comprises of 226 square metres of fitted out office space.
It was at a rental of circa $168,000 per annum net.
It was Brigt Australia’s first office premises in Australia, having had branches throughout Asia.
133 Castlereagh Street is a 32 storey "A" Grade office tower featuring column free floor plates of approximately 1,236 sqm.
Located between Market and Park Streets, the complex also features onsite childcare, secure basement parking, bicycle racks, showers, lockers and change room facilities.
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Brigt takes Sydney office space through Savills

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Berth, the prominent waterfront restaurant space in Docklands has been snapped up.
It was bought by a local Asian investor in a sale and leaseback deal negotiated by Colliers International. 
Colliers agents Guy Wells, Daniel Wolman and Oliver Hay negotiated the sale at a sub-7% yield. 
Situated on the southern side of Newquay Promenade, the 515sqm building is constructed over the waterfront within the Newquay precinct of Docklands.
The property was constructed on Crown land and is subject to a long term Crown Lease to 2101 having commenced November 2002. 
It was offered with a secure, long term lease to Berth that has been in operation for more than 10 years in Docklands, with a further 10 year lease plus options.
Development in the Docklands region began circa 2000 and since that time almost $9 billion worth of development has occurred.
This includes more than $2.4 billion worth of private development in 2011-12 which occurred across 16 projects totalling 350,000sqm of gross floor area, including about 1,500 residential apartments.
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Berth, the Melbourne Docklands restaurant space sold

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Saul Eslake, one of the Australia's most prominent economists, has left Bank of America Merrill Lynch after three and a half years.
The Australian Financial Review reported Saul Eslake announced his retirement from the firm on Friday.
He will return to his private consultancy business, based out of Tasmania.
BoAML Australia chief executive Kevin Skelton said Mr Eslake had significantly raised the profile of the bank's economic research department since joining the firm in late 2011. 
Saul Eslake, who was a former chief economist at ANZ Bank, and also did a stint at the the Grattan Institute, a Melbourne-based think tank, sold his Melbourne home last year to move back home to Hobart.
The authoritative voice on Australia’s housing market, sold his Malvern East home in an off-market transaction.
The property, at 25 Manning Road, sold for $2.7 million through Tim Derham, of Abercromby's. Eslake and partner Linda had paid $580,000 in 1995.
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Economist Alex Joiner will take over from Saul Eslake as head of BoAML's local economic unit, working with chief interest rates strategist Malcolm Wood, who joined the bank last month, and rates strategist Tony Morriss.
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