<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

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

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

CBRE

Nestled just minutes from the serene sands of Sandringham and the vibrant Black Rock beaches, Highett Common is your gateway to a relaxed coastal lifestyle, only 40 minutes away from the bustling Melbourne CBD. In this article, we'll take you on a virtual tour of the Highett Common Display Suite, where sustainable living and modern luxury converge to create the ideal urban oasis. Join us on this journey to discover what makes Highett Common a unique and desirable place to call home.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/r5gvdH0e3J4?si=Hi5fUXG8KxPxav25" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

[smartcode_project_cta:default project_id=108019]

Sustainability at the Forefront: Highett Common is more than just a residential development; it's a commitment to sustainable living. With a focus on sustainability from the very beginning, the community is designed to target Net Zero emissions. Each home features solar integration, electric car charging, and rain tank provisions. This eco-conscious approach ensures that you can enjoy a comfortable lifestyle while reducing your environmental footprint.

[smartcode_project:default project_id=108019 project_image_fid=212656]

Green Open Spaces: One of the standout features of Highett Common is the dedication to green open space. A remarkable 40% of the site has been set aside for lush, green corridors, allowing residents to immerse themselves in the beauty of nature. Whether it's a leisurely stroll or a jog through the precinct, these leafy corridors provide the perfect backdrop for your daily activities.

[smartcode_project:default project_id=108019 project_image_fid=212517]

Luxurious Town Homes: Highett Common offers a range of luxurious three and four-bedroom townhomes designed for modern, open-plan living. The renowned architecture firm, Clark Copin Clark, has seamlessly integrated multi-use spaces that flow into outdoor areas. Each window frames picturesque views of the surrounding parklands, embracing the development's biophilic nature. Independent street entry and internal access from lockable garages provide convenience and security.

[smartcode_project:default project_id=108019 project_image_fid=228177]

Elegant Interiors: Inside these townhomes, you'll find quality Smeg appliances and a sustainably sourced material palette, including stainless steel. The custom wood grain veneer joinery adds a touch of warmth, and built-in storage keeps your living spaces clean and tidy. Highett Common has partnered with the Plant Society and Coco Republic, who offer interior consulting services to personalize your new home.

[smartcode_project:default project_id=108019 project_image_fid=228180]

Community and Amenities: To enhance your sense of community, Highett Common offers a residents-only app, connecting you with your neighbors and fostering a strong sense of belonging. You can also join fitness and social clubs, swim in the pool, work out in the gym, or dine al fresco in the on-site amenities. Highett Common is more than just a place to live; it's a place to thrive.

[smartcode_project:default project_id=108019 project_image_fid=212654]

Convenient Location: Highett Common's location is a prime asset. You can easily cycle to the beach and explore the Bay Trail or walk to the collection of local eateries and bars along Hyett Road. The nearby Hyett Shopping Center, with a Woolworths supermarket, ensures you have everything you need right at your doorstep. Plus, numerous parks, golf courses, and markets are just a stone's throw away. The train station is a mere 2-minute walk away, providing a quick 40-minute commute to Melbourne CBD and a single stop to Southland Shopping Center.

[smartcode_project:default project_id=108019 project_image_fid=213939]

Secure Your Dream Home: If you're ready to make Highett Common your new home, it's time to take the next step. Submit your inquiry today through Apartments.com.au to secure one of the boutique townhomes in this vibrant and sustainable community. Don't miss the opportunity to experience the perfect coastal lifestyle at Highett Common.

[smartcode_project_cta:default project_id=108019]

[smartcode_project:default project_id=108019 project_image_fid=219401]

&nbsp;

Discover Highett Common, your gateway to a relaxed coastal lifestyle just moments away from Sandringham and Black Rock beaches. This urban oasis, located a short 40-minute drive from Melbourne CBD, embraces sustainability, green open spaces, and luxurious townhomes. Join us as we explore the Highett Common Display Suite and find out what makes this development unique. 

Olivia Round

The Townhomes at Highett Common Display Tour Video: Your Perfect Coastal Lifestyle in Bayside, Melbourne

Earlier this year Sunkin Property released Highett Common, their sustainable masterplan in the heart of the sought-after Bayside suburb.

We recently caught up with Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, to discuss the project in more detail.

Highett Common: Shaping the Future of Bayside Melbourne

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/svkvrP6IGyA?si=Hnll05VBnPeBLC9q" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

[smartcode_project_cta:default project_id=108019]

Highett: The Oasis of Bayside Melbourne

Highett boasts beautiful beaches, top-notch schools, golf clubs, and a thriving community. With a mere half-hour train ride to the city, Highett offers the perfect blend of tranquility and urban convenience.

[smartcode_project:default project_id=108019 project_image_fid=212656]

A Pledge to Environmental Sustainability

What sets Highett Common apart is not just its luxury but also its unwavering commitment to environmental sustainability. It's slated to be one of Victoria's rare medium-density Net Zero projects. This goes beyond cost savings; it's about caring for our planet.

The development features solar panels that generate electricity, reducing owners' corporation fees while promoting clean and sustainable energy.

Embracing Electric and Eco-Friendly Living

This project is fully electric, bidding farewell to gas. While some may still appreciate a gas cooktop, the advantages of electric induction are undeniable. It's all part of the effort to create a more sustainable and eco-friendly living environment.

[smartcode_project:default project_id=108019 project_image_fid=212653]

Cultivating a Thriving Community

Highett Common is more than just apartments and amenities; it's about fostering a sense of belonging and community.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Residents will have access to an app that connects them to community programs, events, and services. The goal is to create a vibrant and interconnected community within the development.

A Grand-Scale Endeavor

With an expansive 10-hectare site, the development is thoughtfully divided into smaller stages to ensure a harmonious balance. The first stage comprises 165 apartments spread across two six-story buildings, offering a spacious and open layout that's a far cry from the high-density developments commonly seen today.

[smartcode_project:default project_id=108019 project_image_fid=212514]

An Abundance of Amenities and Greenery

Apart from the spacious apartments, Highett Common offers a wealth of amenities, including a Wellness Centre, an outdoor swimming pool, gyms, dining rooms, and indoor swimming pools.

[smartcode_project:default project_id=108019 project_image_fid=213936]

This scale of amenities is a rarity in Bayside, making Highett Common an exceptional choice for those seeking a high-quality lifestyle.

A Promising Journey Ahead

With construction already underway across the precinct, Highett Common is poised to make a transformative impact on Highett. The development has the potential to drive capital growth in the area, elevating the suburb's status even further.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Experience the Future at Highett Common

The Highett Common display suite offers an immersive experience of what this development has in store.

Highett Common isn't just another development, it's a forward-looking project that values both luxury living and environmental sustainability. It's a testament to the fact that developers today must meet the needs of consumers by creating communities that also care for our planet.

[smartcode_project_cta:default project_id=108019]

Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, unveils the remarkable "Highett Common" project. Nestled in the heart of Highett, Bayside Melbourne, this development promises to redefine luxury living while prioritising environmental sustainability and community building.

Staff Writer

Everything a buyer needs to know about the sustainable Highett Common development by Sunkin Property

Aqualand, a prominent developer in some of Sydney's best locations, is making waves in North Sydney with a strong commitment to revitalising the area.

Urban.com.au's CEO Mike Bird recently sat down with&nbsp;Alex Adams, Aqualand's Head of Sales and Marketing, to understand a little bit more about how Aqualand operate, their dedication to North Sydney's transformation, and their unique approach to development.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/C5bR4GqPcac?si=sbVYvS2idHpk-TDp" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

[smartcode_project_cta:default project_id=30959]

Why North Sydney and Aqualand's Vision

Aqualand's interest in North Sydney is not just a passing whim; it's deeply ingrained in the company's DNA. Their Managing Director's passion for the area trickles down throughout the entire organisation.

[smartcode_project:default project_id=30959 project_image_fid=218005]

Their commitment aligns with the local council's vision to invest a whopping $4 billion into the revitalisation of North Sydney's CBD, with the goal of creating Australia's premier micro city. Aqualand shares this vision and aims to be a significant contributor to this transformative process.

Future-Oriented Living at Aura

Unlike older developments that catered to the needs of the past, Aqualand is keen on addressing the evolving preferences of modern residents. Technology has been a focal point in their planning, with provisions for electric vehicle (EV) charging in the building, catering to the growing number of EV owners among their buyers.

[smartcode_project:default project_id=30959 project_image_fid=203003]

Additionally, Aqualand is going the extra mile by offering three Teslas available for all residents to use, making urban living more convenient and sustainable.

The Ongoing Aqualand Difference

Aqualand doesn't consider their job done once the construction is complete. Their commitment extends into post-completion phases. They have a client relationship team that maintains constant communication with residents. What sets them apart is the AQ Club, a client loyalty program that offers benefits like discounts on future purchases, and access to exclusive events and sponsorships.

Creating a Lasting Legacy

Aqualand's forward-thinking approach extends to the retail spaces within their developments. They understand the value of maintaining active, vibrant retail spaces within their buildings. An excellent example is the success of their retail spaces at Lynfield Village and Lulu, a French boulangerie, which has become a local hit.

[smartcode_project:default project_id=30959 project_image_fid=202987]

Their commitment to offering a diverse and high-quality experience is clear in their diverse offerings, from a French boulangerie to high-end Japanese restaurants and wine bars, all set to open by the time the first apartment is settled at Aura.

A Community-Centric Vision

What makes Aqualand stand out is their dedication to creating not just residences but thriving communities. By integrating their own hospitality assets, they add a personal touch to their developments. This approach not only enhances the lives of their residents but also enriches the overall living experience in the area.

Aqualand's commitment to North Sydney is more than just a development; it's a promise of a better future for residents and the community. With an eye on the future, a focus on technological integration, and a dedication to community development, Aqualand is creating a blueprint for what modern real estate development should look like.

[smartcode_project_cta:default project_id=30959]

Aqualand, a prominent player in the real estate development industry, is making waves in North Sydney with a strong commitment to revitalising the area.

Why Aqualand Is committed to North Sydney's transformation: Five minutes with Aqualand's Alex Adams

Mike Bird: We're here at the Hyde Metropolitan by Deicorp. I'm here with CBRE managing director for CBRE Residential Projects, Dave Milton. Well, look, we're doing something a bit different today, we've taken requests from buyers in terms of the hard questions that they want to know about the project, so we're going to ask you those and really provide them the opportunity to kind of have a real good look at what are the drivers, what are the things that they should be thinking about. So we'll get started, yeah?

David Milton: Definitely. You are aware I'm a little bit biased because I think this will be one of the preeminent Sydney residential development on this southern end of Hyde Park in the future.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/93f1bny7UM4" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

[smartcode_project_cta:default project_id=21809]

MB: So, for those buyers that are thinking about right now, should they buy an established apartment maybe in the broader area, you know, what would you say to them as the kind of advantage of this project as opposed to that?

DM: Well, I think there's a lot of advantages to this project in the design, style, the apartments, and the views. But it often comes down to the buyer, whether they're needing to move now or it's a future move. New design often brings better design, new initiatives, better IT, better security, more functionality.

And, you know, I'd say to a lot of buyers, if you're going to be living in the city for some time, waiting a small time to get what you want is really more often worth it than compromising on a decision to buy now.

[smartcode_project:default project_id=21809 project_image_fid=215728]

MB: And so with that in mind, we look back over the past couple years, it's been a bit of a rocky time for the property market from a pricing standpoint. You know, what would you say to buyers that are thinking about that, uncertain about the interest rates and looking forward?

DM: In terms of the opportunity now, I think we're starting to see change in the market already. We're set by sentiment. You know, we've had all the banks out forecasting price growth, which is in a real turnaround. And I'll say all property pundits and researchers saying the market's changing.

We've got an acute shortage of property. Building costs have risen substantially and still rising, and that hasn't fed through yet into asking prices. So if you sort of said, "What's the time to buy?" It probably is right now, where interest rates are nearly at their peak or at their peak predicted. Then to follow a stabilization, they'll come down. Building prices will continue to rise, and today you can, if you're bought here, you're locking in on today's price, and you're not settling for three and a half years, four years. So the market in four years is going to be very different, particularly with 975,000 new immigrants expected to arrive in that time in Australia.

MB: It's a crazy amount of people coming into the country. Clearly, we've got a supply shortage with not enough projects coming to market.

DM: An enormous supply, like all the stats are, I don't know where people are going to be housed, and there's a big push back to city living. People want the convenience. And so you're starting to see the market where we're getting more and more demand in areas where really, where there's very tight supply.

[smartcode_project:default project_id=21809 project_image_fid=215729]

MB: The obviously the project is high spec, high-end design, all the rest of it, but Liverpool Street isn't often known as kind of one of those real prestigious streets. You know, what do you think about that?

DM: I think it's overlooked there, and I think it is really a prestigious address. You've got Tech Central now with the development of the Atlassian building and a lot of other high-rise commercial that's going to go in there. That's over 20 hectares being developed there, and that's a few hundred meters away. You're right, you're very close to the city center, David Jones Center, shopping center, but you're on Hyde Park. And if you look at Liverpool Street and the developments, the residential developments that have taken place, they're the most tightly held, and buyers love it here.

We've had buyers that we originally sold to in the residence buy in here. We've had buyers that have bought in here that are renting next door. And without a doubt, it will become a more and more prestigious address and more tightly held.

MB: With the park, obviously, like a huge value add for the project overall, you know, if I was a buyer, one of the things I'd be worried about is getting my view blocked out over time. You know, what would you say to a buyer who also shares my concern with that?

DM: That's one of the beauties of this site. There's the high plain of Elizabeth Street, which is where this building looks over, is governed by the sun plane, allowing winter sun onto the park. So it's not an arbitrary council control. It's locked in stone. So as the sun starts to set in the east, it'll change. But while the sun sets in the west, that is the high plane locked in.

[smartcode_project:default project_id=21809 project_image_fid=215730]

MB: How does that work? So the government, the council can't change the rules. Why would they make it like that?

DM: Well, you want the sun on Hyde Park, so the grass grows. Fair enough. You know, that's why it is. It's about amenity, and what happens in most councils, buildings can't be overshadowing parks because it takes away from the amenity and the ability for the park to survive.

I might also add there's going to be a further shortage of residential accommodation in the city, and this is one of the last developments we approved under the previous planning codes. Council has now put in place controls restricting or reducing the buildable area on sites where they're residential sites. So basically, proving up the value as commercial use is not residential. So what it means is when developers are looking at sites, there'll be more commercial buildings and less residential.

MB: If it was one of your family members looking to buy and downsizing into an apartment, looking to buy it off the plan, what would you say to them and what tips would you give them?

DM: It's a really great question because you talk about downsizers and the words now moved to empty nesters and right-sizers. So often what we're getting is people moving out of their family home, wanting a large apartment that replicates a lot of their lifestyle within that home but without the maintenance and with more convenience. So you've got downsizers moving into something smaller.

And so often, they think about what's the critical things that they need. They're often looking to save some money to invest somewhere else, buy a country farm or a coastal property. You've got right-sizers that are saying, "Well, we like the size of our house, and we want that type of space." So they look at larger apartments.

You've got retirees again with different needs. I think developers are so much more aware of the nuances of the different markets that they're providing all of the needs those buyers want, like additional storage, larger rooms. Apartments that were previously often criticized for being small or not being adequate in what they provide for a homeowner, we've now got generous robes, larger bathrooms, kitchens that are really functional.

A number of apartments will have a Butler's kitchen. So there's been enormous more focus on design to meet that market's requirements. And then they buy. What they should be doing is doing research on who the developer is&nbsp;

[smartcode_project:default project_id=21809 project_image_fid=215731]

In terms of investors, we emphasize the importance of researching the developer's track record and their capacity to deliver on their promises. We advise investors to look into the developer's past experience, their capability, and whether they have built similar projects before. This information should be readily available and easily accessible. If a developer cannot provide this information, it's advisable to be cautious and wary.

For investors, similar to owner-occupiers, it's essential to consider the same factors such as the developer's track record, their capacity to deliver, and the quality of the apartment. In addition to these factors, investors should also focus on the proximity of the property to good transport solutions. Properties near convenient transportation options tend to have higher rental returns and attract tenants more easily.

It's important for investors to understand that the best time to buy is often now. There is a shortage of available properties, and building costs have increased substantially, which will eventually impact sale prices. Moreover, with a significant influx of immigrants expected and predicted decline in interest rates, buying now can lead to higher rental returns in the future and allow investors to enter the market before prices rise further.

Overall, investors should conduct thorough research on the developer, consider the property's location and convenience, and take advantage of the current market conditions to make informed investment decisions.

[smartcode_project_cta:default project_id=21809]

"This will be one of the preeminent Sydney residential development on this southern end of Hyde Park." 
Urban CEO Mike Bird & CBRE's David Milton discuss Hyde Metropolitan, Sydney's newest landmark tower.

Why should you buy a new apartment at Sydney's Hyde Metropolitan?

The penthouse in Nautique, a $300m six-level redevelopment of the Vibe Hotel, Rushcutters Bay comes with $10 million hopes.

Strong off-th​e-plan sales saw close to half of the 123 apartments — totalling $140 million plus — find buyers on its Saturday launch in the six-level redevelopment of the Vibe Hotel.

The developer is JDH Capital, who recently marketed the Sirius project in The Rocks.

Constructions starts in December with completion expected by mid-2023.

[smartcode_project:default project_id=108896 project_image_fid=180669]

PTW Architects have undertaken the Nautique design with landscaping by 360 Degrees.

The builder will be Richard Crookes Construction.

Ben Stewart of CBRE is marketing the 100 Bayswater Rd project.

Its one-bedders are priced from $1.1 million; two-bedders from $1.7 million; and three-bedders from $5 million.

[smartcode_project:default project_id=108896 project_image_fid=180669]

The 230sqm penthouse is priced at $10 million plus.

There will be a communal rooftop pool, which faces north overlooking the Rushcutters Bay park and harbour.

Vibe Hotel Rushcutters Bay sold for about $125 million in June.

It had been previously traded at $42.75 million in 2003 when bought by a partnership between Alan Vidor's Toga Group and Greg Shand's Barana Group.

[smartcode_project_cta: project_id=108896]

The project faces north overlooking the park and harbour

jchancellor-FAypfDUnLy

$10 million penthouse offering in Rushcutters Bay apartment development, Nautique

<html><body>
A penthouse in the luxury Melbourne Square development in Southbank, has sold for $3,434,000.

The four bedroom penthouse sits in the part of the 68 level tower called The Coulture Series, which begins from level 55 through to 68 and offers the three to five bedroom apartments.

[smartcode_project:default project_id=2929]

The Coulture Series apartments can be tailor by the buyer before the apartment constructions begins, in collaboration with Cox Architecture, Carr Design and HUB Furniture.

The 64 level penthouse that just sold has four ensuited bedrooms and large living and dining areas with views across Melbourne.

<img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_penthouse_bedroom.jpg" width="1200">

CBRE director Andrew Leoncelli secured the sale. 

Melbourne Square is being developed by OSK Property on Southbank's Kavanagh Street. There will be a 3,700 sqm park and retail precinct, anchored by Woolworths, which also includes a number of restaurants.

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="839" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_urban.jpg" width="1200"></a>

Two bedroom apartments start from $701,000 which qualifies buyers for the 50 per cent stamp duty savings. Three bedrooms start from $1,161,000.

For a limited time, buyers of two or three bedroom apartments can secure a Life &amp; Style Edition package worth over $30,000, which includes Coco Republic furniture, integrated DARWIN by Delos wellness technology, Samsung white goods and a voucher for The Plant Society.

 
 
</body></html>

The 64 level penthouse has four ensuited bedrooms and large living and dining areas with views across Melbourne.



Melbourne Square penthouse sells for over $3.4 million

<html><body>
The South Melbourne ANZ branch premises have sold under the hammer for $5.7 million.
It is the latest in a series of properties owned by superannuation funds to be offered to the market.
CBRE managed the sale campaign for the 307 Clarendon Street property, which is leased to ANZ for a two-year term.
The auction for the 469sqm freehold property attracted a crowd of more than 100 people, with a total of 32 bids received from a pool of local and offshore investors.
Mr James said the sale highlighted a recent flurry of movement from investors looking to divest properties purchased through superannuation funds. 
This is ahead of tax changes to be introduced next year.
“Some 28% of properties we have listed in November and December are owned by superannuation funds.
"This is with a number of these owners receiving advice that there could be significant tax implications should they continue to hold these assets in their super post June 30 next year,” Mr James said.
“We have started to list properties under these circumstances for the start of 2017, and anticipate seeing further stock coming onto the market all the way through to June, should the new regulation be passed.”
Mr Hage said the strong sale result, which translated to a yield of 3.5 percent, further evidenced the ongoing demand for quality leased assets in premium locations.
“This asset represented an outstanding investment opportunity, given its attractive tenancy profile and prominent position in South Melbourne,” Mr Hage said.
</body></html>

j.ballantyne1990-6AQqhLzZaK

SMSF commercial property owners exiting the market ahead of tax changes

<html><body>
The Beaconsfield Hub retail centre within the growing Cardinia Shire to Melbourne’s south-east has been listed for sale. 
Located at 52-62 Old Princes Highway, Beaconsfield Hub is a 1,883 sqm convenience-based retail complex anchored by nine specialty retailers. 
Having opened in 2010, the centre last changed hands in 2014 for $7.4 million and has a strong record of 100 per cent occupancy.
The property’s nine, separately titled investments, positioned on a 4,600 sqm Commercial 1-zoned site, will be sold in one line, with the scope for future subdivision and development (STCA). 
The fully-leased complex occupies 135m of street frontage across the Old Princes Highway and Souter Street and is accompanied by on-title parking for 71 cars.
Rorey James, Nic Hage and JJ Heng from CBRE’s Melbourne &amp; Mornington Peninsula Strip Retail Investments team are managing the Expressions of Interest campaign closing on September 3, 2020.
Melbourne’s south-eastern corridor continues to appeal to investors, with CBRE transacting the Arena Shopping Centre, Lakeside Square Shopping Centre, Bunnings Warehouse Clyde North, Woolworths Clyde North, Keysborough Shopping Centre and a Narree Warren Medical Centre in recent years.
</body></html>

Beaconsfield hub retail centre listed

<html><body>
The Agosta family has divested its Footscray Nino Early Learning Adventures Centre for $11.5 million, a move representing Australia’s first childcare centre sale to top $10 million this year. 
Located at <a href="https://www.commercialrealestate.com.au/property/282-288-geelong-road-west-footscray-vic-3012-2016223248" target="_blank">282-288 Geelong Road</a>, the multi-level state of the art facility is the newest centre under the Nino Early Learning Adventures brand, having been completed in the past month. The property comprises a building area of 2,228 sqm and includes basement car parking for 25 vehicles.
CBRE’s Australian Healthcare &amp; Social Infrastructure team negotiated the sale on behalf the Agosta family via an Expressions of Interest campaign. 
The Geelong Road property is the eleventh Nino Early Learning Adventures centre sold by CBRE over the past three years, with these sales amassing a total transactional value of more than $150 million.  
CBRE’s Josh Twelftree said the sale was the second major childcare investment transacted in 2020 across Australia, with the first having been transacted by the team only two weeks ago in Oakleigh East, Victoria, for $8.08 million with a 5.4 per cent yield. 
“These results are the catalyst for buyers flocking to the sector during these uncertain times, with childcare – an essential service investment – continuing to transact,” Mr Twelftree said.
“Investors have been focusing, and will continue to focus, on properties with sound fundamentals, with the market experiencing a flight to quality where well-located assets with reliable income streams and long leases are keenly sought.”
“Childcare investments with strong underlying land value are on the top of the investors wish list, with higher cost of entry into these areas offering confidence competitors are less likely to open a centre in close vicinity,” 
CBRE’s Jimmy Tat said growing investor interest in childcare centres was being driven by their relative stability as an asset class. 
“When the commercial market was at its weakest earlier this year, investors shifted their focus to stable investment opportunities – such as childcare centres – that were providing essential services and the Federal Government’s support of childcare services further reinforced this,” Mr Tat said.
“Investors typically rate tenancy profile as the top priority after location – primarily to ensure the investment provides a strong income guarantee.
“Nino Early Learning Adventures is a well-known reputable operator with a foothold in sought after investment locations. This is underpinning greater demand and interest in their assets – as evidenced by recent transaction activity.”
 CBRE is the premium childcare sales specialists, having handled all but one of the nine sales over $8,000,000 across Australia in the past 24 months (89 per cent market share). 
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="5" valign="top" width="558">
Recent Nino Child Care Sales Results - CBRE
</td>
</tr>
<tr>
<td valign="top" width="227">
Address
</td>
<td valign="top" width="95">
Sale Price
</td>
<td valign="top" width="85">
Rental p.a
</td>
<td valign="top" width="94">
Buyer Nat.
</td>
<td valign="top" width="57">
Yield
</td>
</tr>
<tr>
<td valign="top" width="227">
103-107 Koonung Rd, Blackburn North
</td>
<td valign="top" width="95">
$9,280,000
</td>
<td valign="top" width="85">
$498,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
5.36%
</td>
</tr>
<tr>
<td valign="top" width="227">
356-358 Warrigal Rd, Ashburton
</td>
<td valign="top" width="95">
$10,600,000
</td>
<td valign="top" width="85">
$603,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
5.68%
</td>
</tr>
<tr>
<td valign="top" width="227">
11-15 Chadstone Rd, Malvern East
</td>
<td valign="top" width="95">
$16,900,000
</td>
<td valign="top" width="85">
$711,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
4.20%
</td>
</tr>
<tr>
<td valign="top" width="227">
31 Nepean Hwy, Elsternwick
</td>
<td valign="top" width="95">
$11,300,000
</td>
<td valign="top" width="85">
$675,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
5.97%
</td>
</tr>
<tr>
<td valign="top" width="227">
282-288 Geelong Rd, Footscray
</td>
<td valign="top" width="95">
$11,500,000
</td>
<td valign="top" width="85">
$675,000
</td>
<td valign="top" width="94">
Domestic
</td>
<td valign="top" width="57">
5.80%
</td>
</tr>
<tr>
<td valign="top" width="227">
60 Florey Ave, Point Cook
</td>
<td valign="top" width="95">
$10,000,000
</td>
<td valign="top" width="85">
$511,000
</td>
<td valign="top" width="94">
Domestic
</td>
<td valign="top" width="57">
5.11%
</td>
</tr>
<tr>
<td valign="top" width="227">
519 Melbourne Rd, Newport
</td>
<td valign="top" width="95">
$8,100,000
</td>
<td valign="top" width="85">
$520,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
6.40%
</td>
</tr>
<tr>
<td valign="top" width="227">
1-7 Reserve Road, Melton
</td>
<td valign="top" width="95">
$7,000,000
</td>
<td valign="top" width="85">
$392,000
</td>
<td valign="top" width="94">
Domestic
</td>
<td valign="top" width="57">
5.59%
</td>
</tr>
<tr>
<td valign="top" width="227">
459 Brookfield Blvd, Mickleham
</td>
<td valign="top" width="95">
$6,350,000
</td>
<td valign="top" width="85">
$420,000
</td>
<td valign="top" width="94">
Domestic
</td>
<td valign="top" width="57">
6.60%
</td>
</tr>
<tr>
<td valign="top" width="227">
222 Plenty Rd, Bundoora
</td>
<td valign="top" width="95">
$8,900,000
</td>
<td valign="top" width="85">
$582,000
</td>
<td valign="top" width="94">
International
</td>
<td valign="top" width="57">
6.50%
</td>
</tr>
<tr>
<td valign="top" width="227">
365 Bell Street, Preston
</td>
<td valign="top" width="95">
$11,000,000
</td>
<td valign="top" width="85">
$488,000
</td>
<td valign="top" width="94">
Domestic
</td>
<td valign="top" width="57">
4.40%
</td>
</tr>
<tr>
<td valign="top" width="227">
International 
Domestic
</td>
<td valign="top" width="95">
6 groups
5 groups
</td>
<td valign="top" width="85">
55%
45%
</td>
<td valign="top" width="94">
Avg Yield
Avg Yield
</td>
<td valign="top" width="57">
5.68%
5.50%
</td>
</tr>
</tbody></table>
</body></html>

2020's largest public childcare facility sale in Australia

<html><body>
CBRE Hotels has reinforced its Capital Markets investment sales team with the appointment of former iPG Hotels director, Raymond Tran as director. 
Based in Sydney, Mr Tran brings over 23 years of experience in hotel operations, project management, asset management and investment sales working with a number of hotel brands including Minor Hotels, Choice Hotels International, Marriott International and Accor. 
CBRE Hotels Managing Director Michael Simpson said; “We are pleased to welcome Raymond to CBRE Hotels. He has an extensive track record and is well-known for his diverse experience and multi-faceted skill set.”
“Raymond is also regarded as the leading hotel market expert within the Asian real estate community in Australia.”
Mr Tran said; “I’ve been very fortunate throughout my experience to have a full view of the hotel industry working as a hotel operator, a broker and most recently on the ownership side.”
“I am very excited to be back working on the investment and brokerage side of the industry and thrilled to be part of the CBRE Hotels team,” he added. 
The CBRE Hotels team is the largest in the Pacific region, with representation in Sydney, Melbourne, Brisbane, Perth and Auckland.
</body></html>

CBRE

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

CBRE

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News