Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

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McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

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A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

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Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

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More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

aqualand

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Property developer Aqualand Australia have been named sponsors of NRL team South Sydney Rabbitohs for the next three seasons.
They've signed on as the Redfern-based club's major home corporate partner for the 2019, 2020 and 2021 seasons.
Aqualand Australia, based in Sydney and established in 2014, has a portfolio of 23 sites valued at around $6 billion.
Rabbitohs chief executive officer Blake Solly, pictured above at Redfern Oval with <a href="/news/who-is-aqualands-jin-lin-the-second-biggest-shareholder-in-the-mcgrath-estate-agency">Aqualand boss Jin Lin</a>, said it is the link with communities that pushed through the partnership. 
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“The more we spoke with Aqualand, the more both organisations realised that our visions and goals aligned, based around our communities,” Solly said.
“Our community is at the heart of everything we do.
"We continually strive to make the community a better place to live through our connections with partners, our Souths Cares programs and through our interaction with members of the community.
“Aqualand also wants to improve the lives of those in the communities in which they develop, and across their entire industry.
“They undertake long-term projects with clear benefits for the communities in which they are built, which is the same vision both our Football Club and Souths Cares have when undertaking our community-based programs.
“This is why we felt such a strong association with Aqualand and we could not be prouder to welcome them to our family, along with other major partners Alcatel, PlayUp and Zoom Communications, and our entire partnership network.”
Aqualand is a vested corporate citizen, sponsoring sporting and cultural initiatives such as the Australian Ballet, Sydney Film Festival, The Art Gallery of New South Wales, Sculptures by the Sea Bondi and the Western Sydney Wanderers.
Jin Lin, Aqualand's group managing director, said the company is thrilled to be signing as the Rabbitohs’ major home corporate partner.
“In particular, we’re looking forward to lending a helping hand to Souths Cares, which also supports Indigenous Australians, disadvantaged and marginalised youth through education, training, health and employment programs.”
Aqualand CEO John Carfi said the company's focus on forging stronger, more connected communities shares many synergies with the Rabbitohs’ social mission and charity engagement.
“We look forward to strengthening this aligned vision through our role as major home corporate partner, together setting a new benchmark both on and off the field."
Aqualand branding will appear on the front of the Rabbitohs’ NRL home jersey and the lower back of South Sydney’s NRL away jersey for at least the next three years.
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jrobinson-rf4aSBido9

Property developer Aqualand Australia named South Sydney Rabbitohs sponsor

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Blue at Lavender Bay, Aqualand Australia’s pinnacle project, has seen another penthouse sale.
The last remaining penthouse at Blue in Milsons Point has been sold $10.5 million.
Last month, Aqualand sold its another penthouse in its flagship Blue at Lavender Bay development for $9 million to a Northbridge couple, which was the highest price paid for an apartment in the locale.
Alex Adams, Aqualand’s head of sales and marketing, said Aqualand was extremely pleased to have secured buyers for both penthouses "illustrating the resilience of the north shore prime property market".
The three-bedroom, three-bathroom penthouse totals 170 square metres of internal space and boasts panoramic views across Sydney Harbour, the Eastern suburbs and the North Sydney skyline from its grand wrap around balcony. The sale was brokered by CBRE reportedly to orthopaedic surgeon and human rights activist Munjed Al Muderis.
Construction of the development of 129 luxury residential apartments and four retail lots has recently commenced with its scheduled completion in mid 2020.
Sub-penthouses with three-bedrooms and three bathrooms are still available for sale and priced from $4.1 million. 
It was marketed as the last residential conversion development in the Milsons Point area with views to the city and Harbour Bridge.
Of the 72 apartments sold on initial marketing in September 2017, the highest sale result was the $8 million sub-penthouse, which equated to a bullish $55,000 per square metre.
Located at 61 Lavender Street, Milsons Point, it was once an 18-level commercial office building.
The architectural firm PTW included premium Gaggenau appliances, natural stone kitchens, stone floors, extensive joinery, larger open-plan living areas and generous sized bedrooms and ensuites.
Aqualand bought the Samsung office building in 2016 for $140 million.
It initially contemplated offering a 550 square metre penthouse which was expected to carry a $20 million asking price.
Aqualand is a subsidiary of the Shanghai-based property developer Shenglong, billed as one of China’s top 50 property developers.
Ir recently appointed a head of construction, Tom Catalovski, who was previously the construction director of Probuild Constructions.
Aqualand Property, and the boutique tier-one construction firm, Roberts Pizzarotti recently "mutually agreed" not to proceed with a joint venture partnership for building Blue.
Under the direction of new CEO, John Carfi, Aqualand has instead chosen to develop the intended JV project with its in-house building team, Aqualand Constructions.
A key objective of the Aqualand Roberts Pizzarotti construction joint venture (“ARP”) was to provide construction capabilities as an interim.
The injection of John Carfi into the helm of the Aqualand business boosted the company’s strategic trajectory and allowed Aqualand to bring forward the timing for their first self-delivered major project.
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j.ballantyne1990-6AQqhLzZaK

Both of Aqualand's Blue at Lavender Bay penthouses now sold

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The emerging Chinese property development giant Aqualand has appointed a heavyweight advisory board including former Liberal politician Warwick Smith, chairman of the Australia China Council, and who already sits on the boards of ANZ Bank China.
The former Tasmanian will become executive chairman of Aqualand, AL Capital and chair of the advisory board.
Smith joins the influential company director Gabrielle Trainor and former Multiplex chairman Ross McDiven on its advisory board as the company flags ambitions to become one of Australia’s largest developers.
Ms Trainor is an AFL commissioner, a director of Infrastructure Australia, and a former director of the Barangaroo Development Authority.
Aqualand group managing director Jin Lin, son of the parent group’s founder Yi Lin, said the advisory board appointments marked a significant milestone for Aqualand, which only entered the Australian market in 2014.
It now has 18 sites with a $5 billion development pipeline.
John Carfi, a former head of residential for Mirvac, was appointed in April to oversee its Australian strategy.
Aqualand’s parent is the Sheng­long Group, which controls more than $20 billion of assets in the Asia-Pacific, the US and Europe.
One of Aqualand’s biggest projects is in Sydney’s $5 billion Central Barangaroo precinct, in a consortium with Canada's Oxford Properties; Melbourne developer Grocon and shopping centre giant Scentre Group.
Aqualand has signalled it will also focus on major affordable housing projects following last month’s passing of legislation for the $1 billion National Housing Infrastructure Facility.
It is bidding for part of the NSW government’s 10-year $2.5 billion Telopea social and affordable housing masterplanned community near Parramatta.
Aqualand has established AL Capital — led by investment banker Wayne Mo — which last month spent $10.7 million buying 15 per cent equity in the listed real estate agency McGrath.
The group has an arrangement to now utilise McGrath’s project marketing expertise on its projects for a five year term, where McGrath has the first right to discuss the marketing propositions.
John Carfi said last week that the company aimed to rival Australia biggest developers over the next five years.
The group currently had just over $2bn invested in Australia, he said.
 
 
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Aqualand appoints Sinophile Warwick Smith 

Apartment developer Aqualand - which this week signed up to become the McGrath estate agency&#39;s second biggest shareholder - is controlled by the Lin family.

Scion &quot;Jim&quot; Jin Lin heads the business.

Lin hit the headlines when the family acquired the $52 million mansion Villa Igiea in Vaucluse.

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Villa Igiea,&nbsp;the&nbsp;magnificent European style villa, was bought from Dr Wayne Burt, during the final business hours of 2015.

There were headlines again when he lodged plans for a $22 million renovation that would see the neighbouring house rebuilt as a three-storey residence with the two properties joined via a basement and shared carpark.

Permission was given in April this year on the November 2016 Tzannes Architects proposal which involved 1800 sqm of excavation.

The two Queens Avenue homes covering 2900 sqm are registered in the name of Lin&rsquo;s mother, Yunhui.

<img alt="" src="https://www.urban.com.au/images/2018/6/22/vaucluse.png" />

Lin is the Chinese-born, 28 year old in charge of residential developer&#39;s $5 billion apartment pipeline.

Aqualand, which was launched in 2013, has projects at Lindfield and North Ryde on Sydney&#39;s north-side. Another of its projects include Blue at Lavender Bay, the residential conversion of an 18 level commercial office building.

There&#39;s also the ultra-luxury 46-unit project, The Revy, at the heritage-listed waterfront warehouse adjacent to the Seven Network headquarters in Pyrmont, where designer Blainey North was commissioned to undertake its interiors.

It has plans for a mixed-use residential complex of nearly 1200 units over five hectares, in Melrose Park, Meadowbank, along Sydney&#39;s Parramatta River.

Apartment developer Aqualand has been very active and recently made former Mirvac head of residential John Carfi its new chief executive.
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Their stake in McGrath cost around $10.7 million.

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Aqualand is also a vested corporate citizen, sponsoring sporting and cultural initiatives such as The Australian Ballet, Sydney Film Festival, Sculpture by the Sea (Bondi), and the Western Sydney Wanderers.

Aqualand is backed by capital from its parent company, Shenglong Group which has $25 billion in investments and development in China, Europe, the US and Australia.

He is the only son of Chinese property mogul Yi Lin, head of Shanghai-based property group, Shenglong.

The two are reportedly close, speaking three to four times a day.

Lin senior was a sub-contractor but started his own development company in 1999 in their hometown of Fuzhou in the southern province of Fujian in China.

The company has developed 30 million square metres of property.

The younger Lin, a finance graduate from Macquarie University in Sydney, went to his father&#39;s construction sites every day as a child.

The Lin family migrated to Australia 16 years ago.

Their hillside Vaucluse mansion, inspired by the grandest of villas in Palermo, Sicily, dates back to the 1920s when built for the Grace retailing family (below).

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The property&#39;s prior owner was Charlotte Sargent, whose&nbsp;husband George Sargent, the founder of Sargent&rsquo;s Pies, named their then house, Hartley Hope.
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The photographs taken at the property by Sam Hood in 1939 at the pre-wedding cocktail party for Mr Grace and Miss Miller, hosted by Isabel Grace, show the property.

In 1939 Sam Hood took a photograph entitled Pre-wedding cocktail party for Miss Miller and Mr Grace, given by Mrs I Grace at her home, &quot;Villa Igiea&quot;, Vaucluse.

Source: State Library of NSW, Sam Hood Collection.

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Villa Igiea was the long-time home of the late TNT transport tycoon Sir Peter Abeles and then his widow, Lady (Kitty) Abeles.

Its first update came during the McWilliam family&rsquo;s ownership, then its contemporary refurbishment by Paris designer India Mahdavi which featured in the April 2013 Vogue.

Dr Burt had paid $17.37 million in 2005, then adding an adjoining 800 sqm property with house in 2009 costing $4.9 million, which was anticipated as a tennis court block.

Source: State Library of NSW, Sam Hood Collection.

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For a time James Packer was interested in buying Villa Igiea but instead bought La Mer in 2009.

Set above Hermit Bay, Villa Igiea was built on its 2200 sqm block in the Riviera Liberty style to a design by Neville Hampson, the architect who also designed Boomerang at Elizabeth Bay.

It became one of Sydney&#39;s leading short term luxury rentals, occupied by Texan billionaire Jim Clark and his wife, Kristy Hinze-Clark as their Sydney to Hobart race-winning bolthole.

Villa Igiea, which had enough space to host Angelina Jolie, Brad Pitt&#39;s wife, and their six children, could command up to $70,000 a week.

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jchancellor-FAypfDUnLy

Who is Aqualand's Jin Lin, the second biggest shareholder in the McGrath estate agency

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Real estate agency McGrath have advised they are looking at subdued earnings in the current period.
It told shareholders their results would be at the bottom end of their forecasted earnings.
They made the brief statement when announcing their link with Aqualand.
The update read "the performance for the financial year ending 30 June 2018 will be at the lower end of the previously provided guidance."
This is in reference to the earlier guidance they had to halve in March.
They said they have anticipated the lower earnings after having regard for recent trading and real estate market conditions. 
They said the underlying EBITDA is expected to be $5 million, but $4 million in one-off costs will bring that down to $1 million.
 
 
 
 
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McGrath set to announce subdued earnings

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McGrath has secured a strategic equity investment from Aqualand Group, one of Australia’s premier residential property development and investment groups.
The significant stake achieves "strategic commercial alignment" between McGrath and Aqualand, with Aqualand entitled to appoint a director to the board.
Aqualand has also agreed to grant McGrath the first right to discuss being appointed as an agent for new Aqualand projects expected to come to the market in future years, or provide property management services for leased apartments within new projects.
Aqualand was established in Australia in 2014 and has since generated a portfolio of 18 sites, with a collective gross development value of approximately $5 billion. Its project include Blue at Lavender Bay, the residential conversion of an 18 level commercial office building. 
Aqualand, along with Grocon and Scentre Group, were selected earlier this year to deliver the Central Barangaroo precinct. 
Aqualand Australia has former Mirvac head of residential, John Carfi, running its Sydney-focused operations.
Aqualand is also a vested corporate citizen, sponsoring sporting and cultural initiatives such as The Australian Ballet, Sydney Film Festival, Sculpture by the Sea (Bondi), and the Western Sydney Wanderers.
Aqualand has advised McGrath that CEO of AL Capital, Wayne Mo, is their nominee to the board of directors of McGrath. 
The placement of 25,189,880 shares at $0.425 per share will take place in two tranches, with the second tranche of 11,568,042 shares subject to ordinary shareholder approval.
Following completion of both tranches, Aqualand will be the second largest shareholder of McGrath with a 15% relevant interest.
Under the first tranche, which has now completed, Aqualand has acquired an initial stake of 8.7% in McGrath.
The second tranche, which is conditional on McGrath shareholder approval, will give Aqualand a further interest of 6.3% in McGrath.
The agreement has an initial term of five years and can be renewed for two further terms of three years each by agreement between the parties.
The ASX update said the agreement would be terminated on a change of control of McGrath or if John McGrath ceases to have a substantial holding in McGrath and ceases to be actively involved in the management of McGrath.
John McGrath who founded the company, remains the largest shareholder and executive director.
He said the partnership showed confidence in McGrath.
“The addition of a new strategic shareholder in Aqualand, represents a great vote of confidence in the future of McGrath Limited.
"Aqualand is one of Australia’s highest quality property developmentand investment groups and its addition as a major shareholder and board representation provides McGrath the opportunity to continue to grow our Project Marketing expertise and develop even stronger ties with the inbound investment.”
McGrath CEO Geoff Lucas said its is an opportunity to grow the business.
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“The Australian real estate market is becoming more sophisticated and relationships and channels are more important than ever before," Lucas noted.
"Working closely with a major shareholder like Aqualand, which owns some of the best residential development sites in the country, represents a great opportunity to grow our business in project marketing. 
"The capital raised in the placement will also allow us to take advantage of any strategic acquisition opportunities that arise over the next couple of years. 
"McGrath is currently in a stabilisation and turnaround program and this transaction and relationship underpin our momentum to return to being Australia’s pre- eminent residential property brand.” 
AL Capital CEO Wayne Mo said Aqualand is pleased to enter into the strategic relationship with McGrath.
"We have observed McGrath for some time and have developed a positive view of the overall business operation and the capability of the McGrath leadership team. We believe McGrath has good potential for future growth and that this growth will only be enhanced by our new strategic relationship.” 
Earlier this year stockbroker Bell Potter called McGrath share's a sell, shortly after it bottomed at a then all time low of 50 cents a share.
The share price plummet and internal divisions on future directions prompted John McGrath to take back over the reigns of the agency.
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McGrath secure $10.7 million strategic investment from Aqualand

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Aqualand Australia has lured high-­profile former Mirvac head of residential, John Carfi, to run its Sydney-focused operations.
Cafri has spent the last 18 months in the Middle East where he was the CEO of development at Dubai-based real estate firm Emaar Properties where he delivered multiple large-scale, mixed-use developments.
There was an end value of more than US $120B and annual turnover of more than US $15B.
Prior to his move to Emaar in 2016, Carfi had been Mirvac's CEO of residential development for 15 years.
He began his career in the real estate industry back in the late 1980s at Lendlease.
Carfi will become chief executive of the Chinese-backed Aqualand from July, The Australian reported.
Aqualand managing director Jin Lin told The Australian Carfi's appointment is the next step in Aqualand's long-term strategy.
“We’ve been speaking with John for a number of months because we truly believe he is one of the few in the industry with such a high level of leadership and ingenuity.
"This is a result of a very controlled strategy that has allowed us to meet our milestones to trigger our next growth stage. 
“While John will transition into our CEO, I will transition to Group Managing Director," Lin said.
"Already Aqualand has grown a significant portfolio of sites, recycling assets to improve future investment opportunities and we are now on the verge of a new frontier with a significant appetite for large-scale, masterplanned projects.
"John has delivered numerous masterplanned communities throughout Australia and internationally, and I believe with him at the helm, Aqualand is well-positioned to increase its market dominance.”
 
Carfi has held senior positions across industry organisations including Australian Chairman of the global property association Urban Land Institute (ULI), Member of The Urban Taskforce Executive Committee, Fellow of the Australian Property Institute and Director of the Australian Residential Development Council. 
He has a Bachelor of Applied Science (Building) degree from the University of Technology Sydney, along with business related qualifications from INSEAD and Chicago University.
 
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John Carfi takes top job at Aqualand

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Aqualand has settled on its latest acquisition, an office conversion property located at 61 Lavender Street, Milsons Point.
To be known as Blue at Lavender Bay, the 18 level commercial office building has been purchased with approval to develop 137 luxury residential apartments, comprising of studios, one-bedroom, two-bedroom and three-bedroom dwellings.
Over 80 per cent of apartments have views to the Harbour Bridge.
The name ‘Blue’ was chosen to echo the waterfront location of the property, and as a homage to the historical figures of Milsons Point, George Lavender and Susannah Blue.
<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/2017/03/14/61%20Lavender%20St%20-%20image.jpg" alt="">
Jin Lin, the managing director of Aqualand said with the appointment of PTW’s architectural team, Blue at Lavender Bay "will be an example of the high standard of lifestyle we pride ourselves on delivering for our customers.”
Alex Adams, Aqualand’s head of sales and marketing, said sales are expected to commence by mid-year.
The structure of the 40 year old building is already optimised for generous space and views, he added.
<img src="https://www.urban.com.au/images/2017/03/14/No.61_Level%2017%202.JPG" alt="">
 
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80 percent of Aqualand's Blue at Lavender Bay have bridge views 

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Australian property development and investment company, Aqualand is the new principal sponsor of the world’s largest annual free-to-the-public outdoor sculpture exhibition, Sculpture by the Sea, Bondi. 
Aqualand’s three year sponsorship is the most significant in the exhibition’s history and will support the continued growth of the acclaimed Bondi event.
The annual Sculpture by the Sea, Bondi draws over 500,000 visitors to the Bondi coastal walk across the 18 day exhibition period each spring. 
The 2016 exhibition marks the 20th anniversary of the exhibition - founded by David Handley (pictured above with Aqualand's Jim Lin) which will this year showcase its 2,000th sculpture and over 100 new artworks from local and international artists.
Jin Lin, Aqualand's managing director said it’s very exciting "and a great privilege."
“Our aim at Aqualand is to inspire life; we think with our hearts to create better, smarter and more beautiful living environments and firmly believe that accessible public art is a key element of vibrant and engaged communities.
"It really is our great pleasure therefore to be associated with an innovative, iconic event that pushes creative boundaries and brings outstanding public art each year from countries all around the world to the people of Sydney, and its visitors,” Jin said.
Aqualand's projects have included Payce in Melrose Park and Lindfield Village.
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