Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Commercial Development

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A site with development potential on the Nepean Highway in Melbourne’s Frankston is up for auction on July 15 and is expected to fetch around $1.3 million.
The 345 Nepean Highway property comprises a 1,303 square metre block of land zoned Commercial 1, with a single-level 225 sqm commercial building and on-site parking.
The property will be sold subject to a short-term lease to Lifeworks Relationship Counselling &amp; Education at an annual rental of $67,090 net.
It is suitable for various uses subject to council approval, according to a media release.
The property is being marketed by Teska Carson’s Matthew Feld, who expects the Nepean Highway to be key to the property’s value.
 
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Nepean Highway site in Melbourne to go under hammer

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Shane Moran, of the Moran health care family, is the mystery buyer of Darling House, the priciest cottage yet sold in the NSW Government's Millers Point sell-off.
He paid $7.7 million for the 1840's Georgian Regency property which was previously an low income aged care facility. He now plans a boutique low care aged care enterprise.
It's no great surprise as the visionary Moran family have a very long association with heritage buildings across Sydney.
The property was marketed with the possibility to be turned into a grand family home, but Moran is intent on re-establishing its previous use.
But with an intimate club-like 10 rooms, it will be aimed squarely at wealthy retirees whose middle aged children likely work and live in the city proximity.
Set back from the street on 759 sqm, the standalone sandstone house offers ten bedrooms, ten ensuite bathrooms and picturesque gardens in a quiet enclave.
It's a little less grand that where Shane calls home. That's Swifts, the 56 room neo-Gothic castlelated mansion in Darling Point.
Darling House, formerly known as the Rocks Cottage Type Hospital, was sold by Richard Shalhoub of McGrath in conjunction with Shayne Harris from Savills.
The transformation of the suburb is set to make Millers Point a very special part of the city.
Darling House was first owned by local businessman Joseph Farris whose early tenants including surgeon, Leopold Sachs. 
The Sydney Harbour Trust took over the property in 1901.
This article was first published in the Daily Telegraph.
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jchancellor-FAypfDUnLy

Shane Moran to open Millers Point aged care home

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A private Australian syndicate is poised to resurrect the Hinchinbrook Harbour over the next decade.
The revival is expected to cost around $450 million but economic modelling forecasts more than $1 billion will be pumped into the Cassowary Coast region with its reignited tourism.
The Passage Holdings are the syndicate behind the development which includes a restoration of the Cyclone Yasi-ravaged marina, 600 additional residences, hotel, family resort, water theme park, international fishing village, 300-site motorhome park, campgrounds and backpacker accomodation.
MacroPlan Dimasi undertook an economic benefit analysis which showed the project's 10 year construction phase would generate $400 million in direct economic activity and a further $654 million indirectly.
The assessment suggests that the additional accommodation capacity, enhanced entertainment, recreation and general tourism amenity and infrastructure established throughout the development, will support and contribute to ongoing growth in visitation for the region.
Hinchinbrook Harbour will deliver around 90 full-time jobs onsite and 180 jobs indirectly each year during construction.
On completion, the community will support a 430 strong permanent workforce comprising retail, hospitality and office positions.
The completed Harbour would generate 420,000 visitor nights each year for the local industry.
Hinchinbrook Harbour sales and marketing agent Bruce Goddard, of Place Projects, said there had been a significant decline in visitor nights in the region, in part because of the effects of Cyclone Yasi and a post-GFC downturn in tourism.
“This redevelopment is a catalyst for wider economic stimulation and will see the region return to its pre-Yasi halcyon days,” he said.
“Hinchinbrook Harbour will deliver the tourism amenity and capacity required to enhance the overall regional offer.”
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Port Hinchinbrook development to pump $1 billion into Cassowary Coast

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Stockland has lodged a Development Application with Cumberland Council for a mixed use residential apartment and retail development in Merrylands, western Sydney. 
The DA includes plans for more than 500 new apartments, designed by Turner Architects, across five buildings that will range in height from 11 to 17 storeys.
Gavin Tonnet, national head of apartments and mixed use development at Stockland, said it will provide the vital missing link between Merrylands Road and McFarlane Street. 
Andrew Whitson, chief executive officer, residential at Stockland, said Stockland is broadening customer reach through the development of new townhouses and apartments, with an initial focus on opportunities on sites in the existing portfolio.
"By expanding our Residential business strategy to incorporate more medium density and apartment projects within our greenfield communities and at standalone sites, where we’re driving the urban renewal process, we’re able to diversify our earnings and be more responsive to the changing demands of the residential property market,” he said.
The new development will be adjacent Stockland Merrylands Shopping Centre, which was redeveloped and expanded in recent years at a total cost of $395 million. 
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Stockland lodges DA for Merrylands development

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Beaumont Tiles has opened a 13,000 sqm tile distribution centre at Rochedale in Brisbane’s south.
Beaumont has a 19-year lease on the Goodman’s Rochedale Motorway Estate (1 Brickworks Place), an industrial precinct. The facility is 60 percent larger than Beaumont's sites at Archerfield. The new facilities allow the retailer to run 16 hours a day.
The state-of-the-art 13,287 sqm head office and warehouse employs 75 people and will service Beaumont’s network of 28 stores in Queensland and stores and customers in northern NSW, said a media release.
The Rochdale opening is part of a $20 million dollar investment into Queensland by Beaumont. The retailer also recently launched its new 730 sqm design studio in Montpelier Road, Fortitude Valley.
Beaumont Tiles managing director Bob Beaumont said the company had increased its national footprint by 25 percent in Queensland in the last five years and he expected turnover to increase to $100 million a year from $60 million in five years.
“We’ve designed the facility to suit our unique needs for stock holding and to vastly improve our heavy-vehicle and customer traffic management. This means customers can get what they want, when they want it and we can maintain market leading price points,” Beaumont said.
The Rochedale centre takes Beaumont's national distribution centre holdings to 50,000 sqm across Sydney, Melbourne, Brisbane and Adelaide with the same footprint again in its 106-store network.
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Beaumont Tiles opens new distribution centre in Brisbane

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Vicinity Centres (Vicinity) and Perth Airport Pty Ltd (PAPL) are to developer Western Australia's first Outlet Centre at Perth Airport in a joint venture.
The $145 million centre will be branded DFO, Vicinity's brand for its Outlet Centre portfolio, which will increase to five across the country.
The portfolio currently includes DFO Homebush in New South Wales and DFO South Wharf, DFO Essendon and DFO Moorabbin in Victoria.
The DFO's have generated an internal rate of return of 14.5 percent since acquisition in 2010.
The proposed Outlet Centre development will have over 110 stores across 24,000 sqm and provide parking for over 1,600 cars.
Construction is expected to commence in mid-2017, with completion forecast for 2018.
CEO and managing director of Vicinity Angus McNaughton said they identified Perth as a prime location due to its low representation of Outlet Centre space.
"This joint venture provides a unique and exciting opportunity for Vicinity to further solidify its market leading position in Outlet Centres," he said.
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Vicinity announce plans to develop Outlet Centre at Perth Airport

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Work has begun on renovations to Brisbane's 133 Mary Street office tower to include a new forecourt, fittings and finishings and tenant facilities.
The first stage of works, shown this week, include 78 bike racks and 150 lockers, change rooms, bathrooms and showers and is designed by Heise Architecture. 
Work is slated to to kick off on the forecourt this year, which will feature glass, ceramic tiles, pressed metal features and batten cladding. 
Quadra Pacific property manager Michael Cartwright said the refurbishment, due to be completed by December 2016, would deliver a 16-storey, A-Grade office building with commercial and retail leasing space and a 4 star energy rating. 
“The refurbishment comes at a time when we’re looking to attract new tenants to complement the building’s existing mix of government and private-sector tenants, including TAFE Queensland and the Queensland Resources Council," he said
“The new facilities and upcoming refurbishment have already sparked new leasing agreements, with TAFE Queensland recently committing to 2500sqm of office space at 133 Mary Street.
“To deliver safe and spacious facilities, we created a separate and secure zone in a part of the building’s basement that once included five car parks. The stylish entry and sleek interiors ensure it’s comfortable and inviting."
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Quadra Pacific begins $3 million-plus refurbishment of CBD tower

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Greg Hocking Holdworth has sold a development site in South Melbourne for $3.97 million.
Currently two residences on one title, it was marketed for its <a href="https://www.realestate.com.au/property-house-vic-south+melbourne-121792838" target="_blank">multi-unit re-development</a> potential.
The 513 sqm site was 227 to 229 Cecil Street with second frontage to Napier Street.
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South Melbourne development site fetches $3.97 million

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Property group Lendlease is expected to start construction of a 25,000-square-metre tower in Melbourne, part of a $2 billion mixed-use scheme, after winning planning approval for its first commercial tower.
Planning Minister Richard Wynne has approved the first $200 million 11-level tower at 695 Collins Street, noting the public space created by the design of a sky-park. 
<img src="/images/2016/03/10/News_tower.jpg" alt="">
Lendlease has secured pre-commitment from engineering company Arup, who will take out three floors in the building, to be known as One Melbourne Quarter. 
It is the first of seven commercial and residential buildings planned for the 2.5-hectare site running between Collins and Flinders streets at the edge of the old city grid, linking it to Docklands.
Lendlease calls the project Melbourne Quarter. 
Alongside the Collins Street extension into Docklands, Lendlease will build, in stages, a deck over Wurundjeri Way, to hold different elements of the project together.   
The tower, designed by Denton Corker Marshall will sit next to a $2.5 billion project in Collins Square that property magnate Lang Walker is still building and trying to sell.
The <a href="https://www.lendlease.com/australia/projects/batmans-hill" target="_blank">Batman's Hill development</a> will include more than 110,000 sqm NLA office space, 1,693 apartments and retail space, according to the Lendlease website.
 <img src="/images/2016/03/10/carousel_about_skypark.jpg" alt="">
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Lendlease to start work on $200 million office tower in Melbourne's Batman's Hill

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Parramatta City Council is acquiring four sites along Phillip Street that it deems key to its River Strategy programme worth $200 million.
The council has zeroed in on Willow Grove, St Georges Terrace and other commercial buildings that will cost $35.5 million.
The council’s River Strategy envisions a makeover of the foreshore between Gasworks Bridge and Rings Bridge, O’Connell Street with better space for walking, cycling, recreation and the hosting of events such as New Year’s Eve.
The acquisitions are expected to improve the CBD’s connection to Parramatta River.
"These purchases will allow Council to provide a critical civic link within the City from Parramatta Square through to Riverbank and the foreshore. It allows Council to be more flexible in its activation and rejuvenation of a core precinct in our CBD," Lord Mayor of Parramatta Cr Paul Garrard said. 
The River Strategy would be an economic injection into the city, he added.
“Historic Willow Grove will be included in of our plans to activate the Riverbank precinct which is a crucial part of Council’s River Strategy adopted earlier this year.”
A blueprint for the Riverbank is currently being considered by council.
It has also resumed control of the former David Jones car park site, which together with the four purchases will make up an 18,000 square metre foreshore site planned for mixed use such as cultural venues and apartments.
The project will be completed in stages over a 20-year timeframe with funding from a range of sources including the council, state government and the private sector.
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