Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Brisbane

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McGrath Estate Agents secured nine agents to join its McGrath Paddington, as it seeks to bolster its existing company-owned offices in Brisbane.
The new recruits are led by Daniel Goodwin (pictured right), until recently principal of LJ Hooker Paddington, will transition his entire sales team across to McGrath with more than 45 listings. Daniel has more 15 years experience in the Brisbane property market, and his combined team has over 60 years.
His agents will service key Brisbane suburbs that include Paddington, New Farm, Ashgrove, The Gap, Bardon and Teneriffe.
Daniel’s recent team sale include: 91 Moray Street, New Farm for $11 million; 4 Moore St, Milton for $1.415 million; 15 Evelyn St, Paddington for $1.310 million; and 35-41 Simpsons Road, Bardon for $3.1 million.
MrGrath boss Geoff Lucas said the move was in line with "our overall strategy to increase market share in our key markets with the recruitment of exceptional agents who have the desire to be part of a well-resourced and well capitalised company."
"Their wealth of knowledge and experience will augment our existing sales teams of 16 agents in Paddington, and 12 agents in New Farm where we have seen some strong sales results in the past few months.”
Such results by McGrath include 4602/71 Eagle Street, Brisbane for $4 million (Drew Davies – New Farm); 264 Ken Street, New Farm for above $3 million (Henry Hodge –New Farm); 32 Burdenkin Drive, Sinnamon Park for $2.5 million (Reuben Packer-Hill – Paddington); and 10 Charlane Avenue, Indooroopilly for $1.975,000 (Alex Jordan – Paddington).
McGrath Founder John McGrath (pictured middle) has long been an advocate of South East Queensland, and reinforced his enthusiasm for the Sunshine State in the recently released McGrath Report 2019.
“Liveability, affordability, scale and future economic prospects all suggest that Brisbane is a market which you can confidently invest,” said McGrath. 
“Brisbane is one of the world’s great cities and in my opinion the best market in Australia for short to medium term growth. I’ve been bullish on the area for some time, and whilst there has been some growth I believe there is a lot more to come over the next few years.”
Daniel Goodwin said that joining McGrath was a carefully considered decision and one endorsed by his team.
“We felt this was the right time to join McGrath, a company that has the respect of our agents as being the market leader in property marketing, customer service and industry training.
"With margins constantly under pressure, I believe the high level training and leadership by their entire management team, including John himself, is very important if agents are to adapt to a constantly changing and challenging market. Equally as a public company, the accountability and transparency is very appealing,” Goowin explained.
Kon Stathopoulos (pictured left), Head of Sales for McGrath’s company owned offices, said he was thrilled high performing agents wanted to step away from being traditional business owners with a desire to be part of a synergistic brand.”
Goodwin believes that the inner city unit market represents tremendous value compared to its interstate counter parts. 
“There are brand new 1 bedroom units available in the early $400,000 range and 2 bedrooms in $500,000 bracket in areas like Newstead and Fortitude Valley.
“These developments offer outstanding lifestyle features suited to Queensland’s enviable climate and have luxurious pools, rooftop entertainment areas, and private cinemas rooms.
“We are also finding a trend of upgrading from outer suburbs to places like The Gap, Ashgrove and Bardon within the 10km ring of the Brisbane CBD with many family purchasers seeking the catchments of a number of high quality and well regarded public and private schools whilst maintaining easy access and transport links to the CBD for working professionals.
“In the higher end space, interstate influence is certainly being felt in suburbs like New Farm and Paddington with value again being a prime driver of these opportunities.
"Equivalent high end property in Melbourne or Sydney could be up to double the price of that in Brisbane, and with new and planned infrastructure such as Brisbane airport’s new runway expansion, new Queens Wharf Casino under construction and Howard Smith Wharves development, cashed up buyers are recognising the value, lifestyle and connectivity that Brisbane now affords,” Goodwin said.
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j.ballantyne1990-6AQqhLzZaK

McGrath announces major recruitment of agents in Brisbane

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Available Brisbane rental stock has been sliding since the end of 2017, and is now at a three and a half year low, according to the latest research from Domain.
House rents increased 2.5 per cent over the quarter and year to $410 per week, while rental yields declined 0.3 per cent over the quarter but increased 1 per cent over the year to 4.62 per cent. 
Brisbane unit rents increased 1.3 per cent over the quarter and 2.7 per cent over the year to $380 per week.
However, rental yields declined 0.2 per cent over the quarter but improved 3.7 per cent over the year to 5.12 per cent.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
“If rental stock keeps shrinking, greater competition between tenants will emerge, putting further upward pressure on rental prices, a marked change given the prolonged period of stability," Domain research analyst, Dr Nicola Powell said.
"House and unit rents are already displaying a higher pace of growth relative to last year, with houses recording the first positive movement and units the strongest gain on an annual basis in roughly three years.”
“Population growth in the sunshine state has been driven in fairly equal measure by natural increases, interstate migration and overseas migration. Queensland is the only state or territory to have such balance, which has helped to support a broad-based demand for housing. Job prospects, an improving economy and greater housing affordability continues to lure residents from NSW and Victoria.”
“Given property prices have fallen in Sydney and Melbourne, investors have already started to find Brisbane a more attractive option as they seek better yields and growth potential. Investors will be further enticed north as rental prices and gross yields continue to improve,” she concluded.
<img src="https://www.urban.com.au/images/2019/1/9/Domain%20Rent%20Bris.JPG" alt="">
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Brisbane rental stock at a three year low: Domain

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Queensland’s 2019 housing market is expected to vary across the state, largely because of its diverse economy, according to Moody's Analytics latest report.
The report noted that the Brisbane area has seen its strongest growth since the lull in 2012, thanks mostly to improved activity in the services sector.
The outlook for Queensland's housing markets is for either flat or mildly positive returns over the next two years.
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%203.JPG" alt="">
The authors noted, "although Brisbane home values rose steadily through 2017 and 2018, the apartment market has been more subdued."
"A runup in supply over the past few years has capped gains in the apartment market."
"However, supply has tightened since its peak; the latest data suggest apartment building approvals have fallen from their 2013 levels."
"Therefore, a reduced apartment glut will likely usher in a broad-based recovery in apartment values from 2019 onward," according to the report authors.
<img src="https://www.urban.com.au/images/2019/1/8/Brisbane%20apts%203.JPG" alt="">
The contrast between home and apartment values is most apparent in Brisbane Inner City (comprising South Brisbane, Ascot and Grange).
Moody’s Analytics forecasts home values to underperform throughout the forecast period, while apartment values are expected to accelerate.
This is a reversal of trend from the past few years; home values had risen more than 30% since mid-2012, while apartment values had risen only around 5%.
 <img src="https://www.urban.com.au/images/2019/1/8/Brisbane%20apts%204.JPG" alt="">
(Source: Moody's Analytics, CoreLogic)
Apartments in Greater Brisbane are forecast to grow 2.8 percent overall in 2019 with every region seeing growth, ranging from 2.7% to 7.6%, after falling -3.1 and -0.9 percent in prior years.
Moreton Bay, Logan and Ipswich are projected by Moody's Analytics to be the three largest growth areas for apartments with a forecast growth over 2019 and 2020 ranging from 13.5% in Ipswich to 18.6% in Moreton Bay - North over the next two year. 
Brisbane North and South as well as the Inner City Brisbane region are expected to see medium to high growth with Inner City region expecting growth of 7.3%.
However Brisbane East and the Inner City region are expected to see a slowdown in 2020 with both areas still forecast to grow.
The second housing sector comprising more “lifestyle” areas, including Sunshine Coast, Wide Bay and Cairns, are expected to perform better over the forecast period, as income growth remains robust and the degree of supply increase is not as great as in areas of Brisbane.
Lifestyle areas are also buoyed by overseas tourist demand, which has remained strong on the back of the falling Australian dollar.
Moody’s Analytics forecasts home values to underperform throughout the forecast period, while apartment values are expected to accelerate.
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%204.JPG" alt="">
The third housing market region in Queensland comprises commodity-producing areas.
These include Central Queensland, Mackay-Isaac-Whitsunday, and Darling Downs-Maranoa.
The report authors note, "values have declined significantly here over the past few years, partly as a result of the end of the mining boom."
"The recent uptick in commodity prices is unlikely to provide a tailwind, with housing values expected to correct further through 2019."
"A lack of job opportunities will subdue population growth, lowering equilibrium home values," the authors concluded.
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Brisbane apartment market forecast to see stronger price growth in 2019: Moody's Analytics

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Pet days, massage treatments and yoga classes are among the new wave of health and wellness benefits landlords are using to attract tenants in Brisbane, according to Knight Frank.
Jamie Nason, Knight Frank Director of Office Leasing, said these are quickly becoming an important point of difference in a competitive market. 
“Owners will always have to improve their offering, particularly around the health and wellness area, to remain competitive, especially since tenants have quite a bit of choice,” he said.
“A building needs to tick every box or a landlord runs the risk of not securing the next tenant, and health and wellness is a key aspect for many tenants as it not only increases their enjoyment of the office, but attracts quality employees to their businesses.
“Landlords aren’t the only ones focusing on health and wellness offerings of course; companies are also continuing to offer more in this space, with more innovative offerings being rolled out.”
According to Nason, the current wellness offerings in the Brisbane office leasing market are:
<ul>
<li>End of Trip (EOT) facilities</li>
</ul>
While they have long been part of buildings, EOT facilities are fast becoming much more fancy, said Nason.
“Owners are up-speccing the standards for EOT, particularly owners of B-Grade buildings. Most EOTs now have a complimentary towel service, lockers, airing rooms, ironing boards and GHD hair dryers/straighteners.”
<ul>
<li>Fitness</li>
</ul>
Subsidised gym memberships and personal training courses are among the factors major firms are looking to for their staff.
Nason pointed to Knight Frank's recent National Steps Challenge, where around 70% of the Brisbane office participated in walking 10,000 steps over a month, as an example of the fitness programs being sponsored.
<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/2018/11/2/340%20adelaide%20st%20.jpg" alt="">
<ul>
<li>Yoga/meditation</li>
</ul>
Buildings such as 340 Adelaide Street (pictured above) and 127 Creek Street in Brisbane are among those who have introduced yoga and meditation days for tenants within the building.
Nason said that these classes are held in vacant areas of the building, and contrast from companies offering them within their own fitouts, such as boardrooms, which has been common in recent years.
<ul>
<li>Massage treatments</li>
</ul>
Companies such as Knight Frank are providing massage treatments from major health fund like Bupa.
<ul>
<li>Animal pet days</li>
</ul>
340 Adelaide Street offers tenants a ‘Bring Your Dog to Work Day’, which started on August 14 this year. The landlord, Mirvac, was the first landlord in Queensland to offer this.
Ben McGrath, Knight Frank Partner and Head of Queensland, said in line with many companies in Brisbane and nationally, Knight Frank placed huge importance on health and wellness for employees.
“Every year we have a had a national Wellness Week to coincide with RUOK Day, and this year we held events and raised funds for that cause,” he said.
“This included the 10,000 step competition, with other activities rolled out being morning meditations, free neck and shoulder massages, the provision of healthy kitchen snacks, a lunchtime walking group and a month-long Friday morning touch football competition.
“The activities have proven to be very successful, and the step competition and lunchtime walking group will continue indefinitely. We walk along the riverfront or through the Botanical Gardens, or to the Farmers Markets at Brisbane Square.
“The business also closed at 3pm on Friday, September 14, the day after RUOK day, to promote ongoing work/life balance.
“Knight Frank also offers free counselling services for all staff and their families, accessible for any reason at all and at any time, without any need to talk to anyone in the business, including HR.”
McGrath said Knight Frank was continuing to monitor its health and wellness offerings, updating them as required.
“We are listening to what our employees want,” he said. “One of the newest offerings in the pipeline as a result of employee demand is the plan to start a vegetable and herb garden.
“Not every tenancy can do this, but we are somewhat unique in having a balcony on which we can start the garden.
“Employees would be welcome to some of the produce and we would also use it for preparing food and drinks at functions held on the balcony, such as mint for mojitos and herbs for slow-cooked meats.”
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Puppies, massages and yoga: The new factors attracting Brisbane landlords

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<a href="/builders/lendlease-building">Lendlease’s</a> <a href="/developments/fortitude-valley-qld-4006">25 King in Brisbane </a>designed by Australian architecture and interiors firm <a href="/architects/bates-smart">Bates Smart</a>, takes Australia to the forefront of innovation in timber construction design.   
  
The 10-storey, 45-metre tall open-plan office complex – the tallest timber structure in Australia – establishes new frontiers in the design of commercial buildings, bringing a clear expression of its exposed timber structure to the building’s transparent envelope and promoting a warmer, more natural workplace environment of the future.  
  
25 King heralds a move away from steel and concrete towards the more sustainable resource of timber. Acknowledging historic principles of timber construction, the structure combines Glulam (glued laminated timber) and CLT (cross laminated timber) – embodying Bates Smart’s research into engineered timber technology and typologies to meet modern-day demands of function and sustainability. The engineered timber structure is substituted for concrete or steel but with a significantly lower carbon footprint, with sequestered carbon locked within the timber structure.1 25 King incorporates a range of fire safety measures in accordance with the National Construction Code and relevant Australian Standards. Durability requirements are as per traditional construction forms – same design life, warranties and performance criteria of the building code.2 
  
Combining honest expression of structure and materials with a sustainable ideology, the building is part of the 22-hectare Brisbane Showgrounds regeneration district. It was commissioned by international property and infrastructure group Lendlease for <a href="/developers/impact-investment-group">Impact Investment Group</a> and will be anchored by global engineering firm Aurecon.

<blockquote>
“Each time an engineered timber project completes, architects learn more about CLT’s potential as a new building material and how we can work and innovate with it on all types of buildings. This building marks a genuine commitment to CLT from the industry. It’s exciting to see the ideas take hold and evolve across the globe, and we’re happy to contribute with the lessons we’ve learned on 25 King.”

- Philip Vivian, Bates Smart Director
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/25king_columns.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="397" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/25king_columns.jpg?itok=a_Ety0AL" width="580"></a></figure>Raised on massive exposed timber v-columns and with the south facade expressed as a ‘verandah’ of engineered timber, 25 King covertly references the wooden vernacular of the ‘Queenslander’ building type as well as nodding to the historic pavilions of the Showgrounds district. Nine levels of open-plan office space, serviced via a north-facing side core, are balanced above a ground floor shaded timber colonnade hosting cafés and restaurants, which open up the building as part of the public realm. 

Internally, the use of an exposed CLT timber slab for ceiling soffits has eradicated the need for a suspended ceiling system, opening up the floorplates to a lofty ceiling height and creating a warmer interior aesthetic with softer surfaces and acoustics, which maximise the psychological benefits associated with timber in interiors.3

<blockquote>
“25 King reflects a turn towards making buildings and spaces that are warm and inviting. We know that people want to connect to nature, and using timber on the exterior and interior of buildings helps complete the connection, making people feel more at ease within the built environment.”
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/25king_floorplates.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="391" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/25king_floorplates.jpg?itok=Z19gmtyX" width="580"></a></figure>The structure and highly flexible floorplates evolved from extensive research and testing of engineered timber typologies. It employs a 6 x 8 metre grid in terms of both optimum distribution of columns and ceiling heights, which are determined by the span of the Glulam ceiling beams (building services ducts run parallel without the need to penetrate). The arrangement of columns creates a more intimate open-plan scale while allowing flexible and efficient spatial organisation of office floors. It also minimises the size of the exposed Glulam columns, allowing them to register almost as joinery rather than structural elements. 

25 King’s innovations in rapid modular CLT construction provide significant economic and environmental benefits for clients. The extensive pre-construction design process and off-site fabrication led to a significantly shortened and cleaner on-site construction programme with minimal waste. The building was constructed in 15 months, with the facade envelope following structure in a floor-by-floor sequence.

The building is projected to achieve a 6 Star Green Star Design and As Built v1.14 and a NABERS Energy 5 Star5rating as well as a WELL v16 Platinum rating. In addition to employing responsibly sourced timber, 25 King maximises natural daylighting to the floorplates through its south-facing facade while incorporating sunshades of folded aluminium on other facades to reduce heat build-up. Further sustainable features include rainwater harvesting, energy efficient lighting, optimised air-conditioning and a green wall in the entrance lobby.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/25king_lobby.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="391" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/25king_lobby.jpg?itok=U1zMKB4k" width="580"></a></figure>Bates Smart is currently exploring the potential of CLT as a new lightweight building material with major carbon benefits in a range of contexts and typologies across four states including: a 10-storey curved engineered timber ‘tower extension’ to an existing low-rise building in Melbourne’s <a href="/new-apartments/southbank-vic-3006">Southbank</a>; two five-level engineered timber buildings in <a href="/new-apartments/canberra-act">Canberra</a>, totalling 10,200sqm; and a six-level commercial building in <a href="/new-apartments/cremorne-vic-3121">Cremorne</a>.

<h2>25 King project facts:</h2>

<ul>
<li>Ten new levels of CLT construction </li>
	<li>The building’s total area is 14,965sqm (NLA), with each office floor providing 1,596sqm (NLA)</li>
	<li>6,270m3 circa of timber with 100% responsibly sourced7
</li>
	<li>74% saving in embodied carbon1
</li>
	<li>46% reduction in energy, not including GreenPower8
</li>
	<li>29% reduction on Potable Water Consumption8
</li>
	<li>25 King was constructed in 15 months - the shorter construction time is due to the quantum of prefabrication off site</li>
	<li>On-site wastage is reduced due to the fact that all slabs and walls are pre-fabricated and all openings required for services were set out prior to manufacture. Good potential for disassembly and reuse. Lower life cycle assessment impacts compared to conventional concrete and steel </li>
	<li>CLT is 20% lighter than concrete</li>
</ul>
Footnotes

1. The embodied carbon saving, represents the cradle to constructed onsite life cycle stages, saving accounts for the sequestered carbon locked within the timber structure, compared to an equivalent conventional reinforced concrete building. Refer to EN15978 compliant Building Life Cycle Assessment Report, prepared by Lendlease Applied Insight for Brisbane Showgrounds K5, issued 11 October 2018

2. If CLT is exposed to fire, a process known as “pyrolysis” (whereby gas emissions from combustible components in the wood burst into flame) occurs, leaving a charring area behind it. This char layer protects the internal CLT layers which have not yet been exposed to fire thus retaining the effective structure.The process of pyrolysis and the behaviour of wood can actually be predicted (unlike steel or concrete constructions). A range of fire safety measures have been adopted for 25 King that meet National Construction Code and relevant Australian Standards. Being greater than 25m in height, it exceeds the new Timber Deemed to Satisfy solutions, adopting a range of performance solutions that’s satisfy the Performance Requirements, using an appropriate Assessment Method. More on Fire Regulation Compliance through Alternative Solutions <a href="https://www.woodsolutions.com.au/articles/fire-regulation-compliance-through-alternative-solutions">https://www.woodsolutions.com.au/articles/fire-regulation-compliance-through-alternative-solutions</a>. 

3. Recent research by Pollinate for Wood Solutions has quantified the benefits of timber in interior spaces in terms of wellbeing and productivity, <a href="https://www.woodsolutions.com.au/wood-at-work">Workplaces: Wellness + Wood = Productivity</a> 

4. <a href="https://new.gbca.org.au/green-star/rating-system/design-and-built/">The Green Building Council of Australia</a>’s assessment of the sustainability outcomes from the design and construction of new buildings or major refurbishments, across nine holistic impact categories. 

5. <a href="https://www.nabers.gov.au/about/what-nabers">National Australian Built Environment Rating System</a> to measure a building’s energy efficiency, carbon emissions, as well as the water consumed, the waste produced and compare it to similar buildings.

6. <a href="https://www.wellcertified.com/">WELL</a> is the leading tool for advancing health and well-being in buildings globally.Project is targeting Core &amp; Shell Certification V1, Q1 – 2018.

7. Certified by a forest certification scheme that meets the GBCA’s ‘Essential’ criteria for forest certification or is from a reused source.

8. When compared to the GBCA Green Star Design and As-Built v1.1 benchmarks.
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Bates Smart

Australia’s Largest Engineered Timber Commercial Building opens in Brisbane

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The recently refurbished ISPT foyer at 100 Creek Street has brought Brisbane’s subtropical environment into an office setting.
The lobby now opens up to an integrated state-of-the-art digital canvas wrapping around the lift core.
Along with new end of trip facilities the $10 million upgrade includes entry statements and sub-tropical gardens.
The dynamic curated content reflects ‘Elements of Queensland’ commissioned by local artists which exhibits the name of the building as digital morphing art.
ISPT Portfolio Manager for Commercial Services Mr Craig Blake said tenants and guests have respond well to the new 100 Creek Street vision.
“We are committed to creating places that work and look forward to continually evolving our environments to benefit all who work in and visit the building,” Mr Blake said.
Over the last 9 months 100 Creek Street has transacted over 3,000sq m across 11 transactions with an average rent of $685/sq m.
Savills’ Dan Boyes and John McDonald in conjunction with Andrew McPhail and James Comino of CBRE are jointly appointed to lease the balance of the available space.
“The works have repositioned 100 Creek Street as a market leader in the Brisbane CBD,” Mr Boyes said.
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State of the art foyer brings Brisbane outdoors in

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Art Series Hotels is set to open its first new property since it joined the AccorHotels family.
The $60 million project at Howard Smith Wharves, Brisbane will open in March 2019 and will be the brand's eighth in total.
The 166 room, six storey hotel will be situated close to the Story Bridge.
The brand draws its design inspiration from contemporary Australian artists and includes custom contemporary furnishings and original artworks.
Launched in 2009, it was privately owned by the Deague family until it was acquired by Mantra last year.
AccorHotels Pacific Chief Operating Officer Simon McGrath said the area’s transformation into an entertainment and lifestyle precinct will be important for the project.
“Art Series Hotels is celebrated for offering guests a unique art-inspired hotel experience like no other,” he said.
“The stunning new flagship hotel at Howard Smith Wharves is a strong sign of Accor’s belief in the much-loved brand and will kick start our plans for future growth across Australia and New Zealand.”
Deague Group CEO Will Deague said guests will be able to make reservations from November 30.
“As one of Australia’s fastest-growing capital cities with a burgeoning art culture, Brisbane continues to remain a major focus for the Group,” he said.
“With an increasing demand for accommodation, we are excited to introduce a second dedicated art led offering as part of the city’s expansion and are confident this luxury boutique development at Howard Street Wharves will only entice even more visitors to Brisbane.”
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Art Series Hotels to open at Howard Smith Wharves, Brisbane next March

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Lendlease has officially opened Australia’s tallest engineered timber office building, 25 King in Brisbane.
Designed and manufactured by Lendlease and sold to IIG, the ground floor plus nine-storey timber commercial tower features open and flexible office spaces.
Global engineering firm, Aurecon, has committed to 6,500 square metres on a 10-year lease and currently occupies 43.5% of the net lettable area, with IIG working with Lendlease to secure new tenants for the remaining office space.
<img src="https://www.urban.com.au/images/2018/11/22/25%20king%202.JPG" alt="">
Located in the Brisbane showgrounds precinct, Lendlease is targeting a 6 Star Green Star rating, 5 Star NABERS Energy rating and WELL Core &amp; Shell rating for the 25 King Street tower.
The building is LendLease’s fifth engineered timber building in Australia.
The 65 metre tall tower is a Queensland first and the world's largest by gross floor area.
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Australia's tallest timber office tower 25 King unveiled

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A prime Brisbane city site, approved for a 91 storey residential tower development, or alternatively an office or hotel, has remained on the market.
Set on a 1,715 sqm holding, 240 Margaret Street provides an opportunity to add to Brisbane city's skyline.
Located in the Midtown Precint the property has direct access to the proposed Cross River Rail and Queens Wharf Precinct.
According to the listing held by Knight Frank, this property provides "an opportunity to capitalise on the comparatively undersupplied Brisbane CBD apartment market."
World Class Global, a Singaporean-listed multinational, are the current owners of the holding.
Singapore-based developer Aspial lodged plans for the 91-storey apartment tower designed by Cox Rayner back in 2016. 
The property was for sale through an international expressions of interest campaign which ended November 6.
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jrobinson-rf4aSBido9

Prime Brisbane city site approved for office or hotel development for sale

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Belgian construction player Besix has renewed its takeover intentions for the Brisbane-based Watpac.
It has lobbed a new $169 million cash bid.
Besix, already Watpac's largest shareholder, failed four months ago in a bid to secure two-thirds ownership of the ASX-listed contractor and mining services group.
However they lacked the support from fellow shareholders and were unable to get the plan approved.
If their bid is accepted, the Belgian builder has stated it would continue to operate the Australian company as a standalone business by retaining its brand and local identity.
"We continue to believe in the strong fundamentals of the Watpac business and are supportive of current management and their strategic direction," Besix chief executive Rik Vandenberghe, said.
Watpac's independent board committee has recommended the offer from Besix in the absence of a superior proposal emerging.
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