<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Gold Coast

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Village Roadshow's Theme Parks division is proposing the sale and long term leaseback of the 154 hecatare site featuring Warner Bros. Movie World, Wet’n’Wild Gold Coast, Paradise Country, Australian Outback Spectacular, and Village Roadshow Studios.
The land also features a Topgolf venue, currently under construction. Development approval is in place for a nine storey hotel.
Clark Kirby, VRTP Chief Executive Officer,  sthey are committed to our Theme Parks business, with the DC Rivals HyperCoaster, the longest, highest and fastest rollercoaster in the Southern Hemisphere opening soon at Warner Bros. Movie World, and Topgolf under construction. 
“This sale and leaseback will unlock the value in these land assets, allowing VRL to pay down debt and free up capital for growth initiatives such as Topgolf.” 
John Marasco, Colliers International Managing Director Capital Markets said there is nothing like this investment opportunity currently available in Australia.
"We expect interest from institutions, trusts and high net worth individuals worldwide, and are expecting offers in the region of $100 million," he said.
“Village Roadshow Theme Parks is Australia’s leading theme park developer and owner. This is evident as their parks and attractions draw over five million local and overseas visitors annually.
“The offer is for a substantial landholding with an experienced operator in the midst of strong underlying economic, population and tourist growth projections for the region."
The key terms of the long term lease agreement for the land contemplated include: 
<ul>
<li>
Commencing rent: $6.2 million from 1 January 2018 
</li>
<li>
Initial term: 30 years 
</li>
<li>
Options: 6 further terms of 10 years each, total 90 years
</li>
<li>Rent reviews: 3% per annum</li>
</ul>
The site is being sold by Colliers International through an international expressions of interest campaign closing on 26 October 2017.
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jonathanchancellor-7SQnKwU6yx

Wet’n’Wild Gold Coast, Australian Outback Spectacular and Warner Bros. Movie World listed by Village Roadshow 

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The vacant Nobbys Outlook apartment block on the Gold Coast has sold at Colliers auction for $23.75 million.
Yesterday's auction attracted a who’s who of Gold Coast property, including Bob Ell, the billionaire executive chairman of Leda, developer Barry Morris and Clarence Property boss Peter Fahey.
Morris and Fahey put in offers but it was a Melbourne buyer, represented in the rooms by local agent Michael Kollosche, who secured the property.
<img src="https://www.urban.com.au/images/2017/09/07/Screen%20Shot%202017-09-07%20at%2011.00.06%20AM.png" alt="">
The buyer only came to the attention of marketing agents Darrell Irwin and Geoff Lamb, 48 hours prior to the auction.
The ageing beachfront Nobby’s Outlook resort in Miami was a 7284sq m site at 122-130 Marine Parade.
It holds 46 units in two-level buildings, date back to the late 1980s property boom.
<img src="https://www.urban.com.au/images/2017/09/07/Screen%20Shot%202017-09-07%20at%2011.00.48%20AM.png" alt="">
In 2010 Sunland offered $40 million for the property but one owner held out and the deal was abandoned.
The building’s body corporate then successfully sought a court order from the Queensland District Court in 2013 to abolish the community titles scheme to make way for a sale.
A key reason for owners looking to sell was the $4 million repair bill faced for the property, which dates back to 1970s.
<img src="https://www.urban.com.au/images/2017/09/07/Screen%20Shot%202017-09-07%20at%2011.01.34%20AM.png" alt="">
The property was marketed as the largest beachfront parcel for sale on the Gold Coast ideal for redevelopment into luxury units or up-market homesites or a mix of both.
The property is approved for a three-storey height limit under the city plan.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Vacant Nobbys Outlook apartment block on the Gold Coast sold

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Benowa Village Shopping Centre on the Gold Coast is on the market through an expressions of interest campaign closing 5 October.
Coles Supermarkets Australia listed the property through JLL.
The centre was built in 2016 and features a Coles supermarket, McDonalds drive through, Coles Express service station and 13 specialty stores.
Sam Hatcher, JLL Director of Retail Investments said the centre contains the largest supermarket in the Main Trade Area, allowing it to capitalise on the considerable forecast population growth and retail expenditure in the trade area.
“We see growth in the retail spend and rental profile being realised through a large population of almost 41,000 in the Main Trade Area, projected to grow strongly at 1.5 percent to just under 50,000 persons by 2030,” he said.  
“ The Gold Coast has traditionally had an undersupply of full line supermarkets; as prime development sites have been absorbed by high density residential developments. This further highlights the dominant outlook for Benowa Village.”
JLL’s Jacob Swan said that neighbourhood shopping centres remained tightly held with only 28 transactions recorded nationally in 2017 to-date (totaling $893 million), compared with 65 in 2016 ($1.6 billion).  
“Queensland has had a disproportionately high level of activity relative to the other states," he said.
"Interestingly, of the 28 neighbourhood shopping centre transactions that have occurred this year, 14 have been in Queensland compared with only nine in Sydney and just four in Melbourne, highlighting investor confidence within Queensland’s retail market. 
“Given the shortage of available investment opportunities in New South Wales and Victoria, interest in Queensland assets has grown significantly.
"There is strong pent-up demand for prime neighbourhood centres so we anticipate considerable domestic and offshore interest for this centre.”  
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Benowa Village Shopping Centre, Gold Coast, listed for sale

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Wanda Hotel Development Company Limited has said its billion-dollar projects in in Sydney and the Gold Coast are on track, calling media reports about talks of exiting them as “incorrect”.
“Having made such enquiry internally as is reasonable in the circumstances, the Company wishes to clarify that, as of the date of this announcement, the Company does not have any plan to make the said disposals referred to in the Media Reports, and thus such information is incorrect. Both projects are progressing as planned,” Wanda said in a regulatory announcement. 
Earlier media reports had said that Dalian Wanda was in talks in Hong Kong for the sale of its Circular Quay apartment and hotel tower in Sydney and the Jewel resort on the Gold Coast, both valued around $1 billion each.
Wanda had also said previously that its Gold Coast project was on track despite Beijing asking the country’s major banks to stop lending to the developer.
Its Sydney CBD project includes a dual-tower development in Circular Quay by 2020.
In a statement to the Hong Kong Stock Exchange, Wanda said construction of the two projects was moving forward smoothly, and apartment sales were strong.
Earlier, The Australian Financial Review had reported citing two sources that the group was looking at possible exits from both projects after lending problems.
Property Observer had reported in January that Tower Three of Wanda Ridong’s Gold Coast development project had registered more than 120 prospective buyers.
The three towers will have 512 apartments, a 169 suite six-star hotel as well as retail and culinary precincts.
In Sydney, One Circular Quay will be a 60-storey glass and stone residential building designed by Kerry Hill Architects.
The Crone Architects and Kengo Kuma Architects-designed five-star hotel will have 28 levels and just 181 rooms.
It is part of Dalian Wanda’s $1 billion redevelopment of Gold Fields House at 1 Alfred Street, Circular Quay.
For the 57-storey residential tower, the Beijing-based conglomerate expects its luxury penthouses could sell for more than $60 million, setting a new price record.
 
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Wanda says Gold Coast, Sydney projects on track, media reports of sale incorrect

<html><body>
China's Dalian Wanda Group, facing a lending freeze by China’s major banks, is in discussions for the sale of two projects worth nearly $2 billion on the Gold Coast and in Sydney.
Talks are on in Hong Kong for the sale of its Circular Quay apartment and hotel tower in Sydney and the Jewel resort on the Gold Coast, The Australian Financial Review reported citing sources. 
The development comes within days of Wanda saying that its $1 billion Gold Coast project was on track despite Beijing asking the country’s major banks to stop lending to the developer. 
Wanda’s Sydney CBD project includes a $1 billion dual-tower development in the heart of Circular Quay by 2020.
The One Circular Quay development is close to launching its 190 luxury apartments and a 181-suite five-star hotel is under way.
Wanda is likely to sell the projects to a Hong Kong-based buyer.
A spokesperson for the company said "the operation of Wanda's two projects in Australia is continuing smoothly".
Wanda, owned by billionaire Wang Jianlin, has faced the heat from Chinese authorities in recent weeks over concerns that it, and other private companies, overpaid for foreign assets and these now pose a systemic risk to the Chinese banking system.
Other companies on the radar of  authorities include the HNA Group, which holds a 13 per cent stake in airline Virgin Australia, Fosun Group, which is developing apartments in Brisbane and Sydney and Anbang Insurance, which bought New York's Waldorf Astoria Hotel in 2014.
Beijing is worried about offshore deals going bad and capital outflows putting downward pressure on its currency.
China's outbound investment nearly halved in the first half of this year to US$64.2 billion and its Vice Minister for Commerce Qian Keming said last week that "irrational" offshore investment had been contained, the AFR reported.
In 2016, Chinese investors announced outbound deals worth a record US$219 billion, according to data from Dealogic.
Wanda is also selling assets at home.
Last month it sold a group of theme parks and hotels in China for $US9.3 billion, despite Wang previously saying he would use this portfolio to outdo Disney.
"The frenzy of Mickey Mouse and Donald Duck and the era of blindly following them have passed," Wang told China's CCTV last year.
Subsidiary Wanda Film Holding, operator of China’s largest cinema chain, has also announced a planned restructure.
Wanda sold a parcel of land on the Gold Coast last November to another Chinese entertainment group Songcheng for $55 million.
The agent who did that deal, Knight Frank's Roland Evans, is in Hong Kong this week but declined to comment on any discussions taking place.
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Dalian Wanda weighing exit sales in Gold Coast and Sydney after funding crunch

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A waterfront property in Sanctuary Cove in the Gold Coast belonging to failed Indian group Pearls, which was involved in a $10 billion Ponzi scheme, has been on the market for more than a year a deal for more than $4 million fell through. 
The 1019-20 Edgecliff Drive house was bought for $4.95 million in 2011, a year after Pearls picked up the Sheraton Mirage Hotel on the Southport Spit for $62.5 million.
The Sheraton was sold in January for $140 million and last year Pearls’ major Australian vehicle, which had been renamed the Mii group, exited its interest in a beachfront Surfers Paradise site, the Gold Coast Bulletin reported.
Last year, a caveat by the Queensland government temporarily blocked the sale of the Gold Coast Sheraton Mirage resort to help class action lawyers seeking to take control of it in the interests of Indian investors.
In 2009, before its collapse, India’s $10 billion failed Pearls Ponzi scheme brought more than $100 million of the scheme’s money to Australia, buying the Sheraton Mirage.
Pearls was spruiked in India by Australian cricketer Brett Lee, who was paid $300,000 for his services. It promised investors huge ­returns if they invested in land parcels across India.
It appears the net proceeds of the Pearls sales, including those from the Sanctuary Cove house, ultimately will end up with the Indian government for disbursement to investors caught up in the Ponzi scheme.
India’s financial markets watchdog, the Securities and Exchange Board of India, has been handling the selloff of Pearls assets, which in India have included a swag of properties and 79 luxury cars.
Last May, the fully-furnished Sanctuary Cove house didn’t sell at auction. It drew an unsuccessful top bid of $4.6 million.
Later, a $5.5 million tag was put on the house.
The agents marketing the home are tight-lipped but word is that multiple offers have followed from buyers wanting to tap into a rising Sanctuary Cove market but those offers haven’t found favour with SEBI.
The house is owned by Pearls Infrastructure Projects.
The five-bedroom house, bought for $3.7 million, has a lift, parking for six cars, and a jetty.
Pearls Infrastructure later increased the size of the land-holding to 1,700 sqm by spending $1.25 million on an adjoining lot and created a waterfront entertaining area, complete with marquee.
The Gold Coast Bulletin reported among the Pearls-related parties known to have used the Cove house included Barinda Kaur, daughter of Pearls founder Nirmal Singh Bhangoo.
Four years ago Barinda was involved in a legal wrangle after a company she owned failed to settle the $7 million purchase of the 64 Ferny Avenue office tower in Surfers Paradise.
The building subsequently sold to Chinese investors for $6.187 million.
Barinda’s father is facing charges over the Pearls collapse and was languishing in an Indian jail until he was transferred last year to a hospital.
He allegedly duped more than five million investors when the Pearls group promised them agricultural plots and healthy returns on their funds.
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Indian ponzi group Pearls' Gold Coast waterfront house waits for buyer

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A Gold Coast developer, who also runs a strip club in Hobart, has been arrested in connection with an alleged Ponzi scam.
Bradley Keith Silver of Hobart has been charged with fraud offences totalling $2.32 million following an investigation by market watchdog, the Australian Securities and Investment Commission.
Silver was arrested by the Australian Federal Police on July 20 and brought before the Brisbane Magistrates Court the same day. 
The ASIC has charged Silver with seven counts of fraud under s408C of the Queensland Criminal Code, which carry a maximum prison term of 12 years and six counts of dishonest use of his position as a director under s184 of the Corporations Act (maximum sentence of imprisonment of five years).
Silver was released on conditional bail to appear in the Brisbane Magistrates Court on 25 August, the ASIC said in a media release. His bail conditions include that he surrender his passport. 
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
Between 2008 and 2010, Silver was the director of a Gold Coast property development company known as Capital Growth International Club Pty Ltd (CGIC) and associated with a company known as All About Property Developments Pty Ltd (AAPD). 
In February 2011, the companies were placed into liquidation owing investors about $9 million, the ASIC said.
The company, where unconventional “low-doc” loans were allegedly offered to clients as old as 98, was the subject of a Senate economics committee’s inquiry into bank practices in 2012 involving Westpac’s former Pacific Fair home lending manager David St Pierre.
The customers were promised "safe" returns of up to 20 per cent a year to invest in CGIC.
Silver also operates Hobart’s Men’s Galley and Launceston’s Show Girls, according to The Mercury. 
 
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Developer charged with alleged Gold Coast ponzi scam

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Chinese property and entertainment giant Dalian Wanda, owned by billionaire Wang Jianlin, said its $1 billion Gold Coast apartment project remains on track despite Beijing asking major banks there to stop lending to the group.
Dalian Wanda is also set to change the Sydney CBDs skyline with a $1 billion dual-tower development in the heart of Circular Quay by 2020.
The penthouse has record-breaking $60 million price hopes.
The One Circular Quay development is close to launching its 190 luxury apartments and a 181-suite five-star hotel is under way, and appears to have secured ­finance locally, The Australian reported.
Wanda declined to comment on that project.
Last September, the group had asked banks for a $200 million two-year bridge loan for its “No 1 Sydney” project and representatives from state-linked banks attended its launch this year, The Australian reported.
The group secured a $230 million loan to back its purchase of Gold Fields House and Fairfax House in 2016. Wanda Commercial Properties and Wanda Hotel Development teamed up to buy the assets for about $487.7 million and announced plans to invest about $1 billion on the project.
However, the group has come under scrutiny in China.
The Wall Street Journal reported that Chinese regulators had ordered the country’s big banks to put the brakes on loans to Dalian Wanda Group.
The State Council, China’s cabinet, put in place rules restricting outbound Chinese investment in late November, in a bid to prevent money from leaving the country as accelerated outflows put enormous pressure on the Chinese yuan.
As part of the rules, Chinese companies are discouraged from making overseas deals related to real estate and entertainment.
Chinese bank regulators met bank executives on June 20 and advised them that six of Wanda’s foreign acquisitions, including Hollywood producer Legendary Entertainment, were subject to government capital restrictions enacted last year.
Dalian Wanda has also partnered with Ridong Group to develop the beachfront Jewel towers in Surfers Paradise, that will comprise of apartments and a hotel. They are expected to be complete in 2019. More than one third of the apartment space in the $1 billion towers have been sold.
A spokeswoman for the Jewel project said there were “no effects” for the project from the Chinese regulatory decision.
“The Jewel development is a development by Wanda Ridong Gold Coast Development, which is a joint venture with Wanda, established in Australia as a separate entity between Ridong Group and Dalian Wanda, so it doesn’t fall under China’s regulatory jurisdiction,” she said.
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Wanda says $1 billion Gold Coast project on track despite China lending curbs

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Harvey Norman chief executive Katie Page wants to retain the $10 million plus penthouse in her luxurious Gold Coast residential tower, M3565, which she has just finished developing.
The retail CEO and property developer, who is married to billionaire retailer Gerry Harvey, completed the boutique Main Beach development of seven opulent apartments two weeks ago.
The two-level penthouse features four bedrooms and four bathrooms, a rooftop pool, study, and internal elevator.
It was designed by Sydney-based Virginia Kerridge, one of Australia’s leading architects.
The cheapest apartment in the block, billed as a ground floor beach house, is priced at $5.195m.
Robert Graham of Ray White has conducted 37 ­inspections, he told The Weekend Australian.
There are six whole-floor apartments with four bedrooms and four bathrooms for sale with prices on the upper floors starting from $6.2m rising to $7.85m for the apartment on level six. 
Graham said M3565 had knocked Jade previously the Gold Coast’s premier apartment block from its mantle.
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Katie Page to keep luxurious Gold Coast penthouse

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Developer Walker Corporation has submitted a development application for a 73-hectare master planned community, Breakwater, that will connect Robina, Merrimac and Gold Coast City Council’s planned Green Heart Parklands. 
The masterplan proposes 2,000 townhouses and apartments and is expected to house 3,700 residents.
Besides new roads and public transport, the plan proposes 50 hectares of public open space, lakes and parklands, linked by six kilometres of path and cycle ways to the city's planned Green Heart Parklands. 
“Breakwater is set to deliver numerous benefits to both existing and future residents in Merrimac-Robina, while addressing housing availability on the Gold Coast,” Walker Corporation general manager Queensland Peter Saba said.
According to projections, the city is expected to add 351,000 residents between 2011 and 2036, resulting in a demand for 177,800 homes, he said.
Saba said the increase in dwelling density is in-line with the objectives of the Gold Coast City Plan and the broader South East Queensland Regional Plan, which favours development in existing urban areas where possible.
“It makes sense to provide new housing near existing infrastructure in established, employment-rich areas like Robina, where people can live, work, study and socialise within their neighbourhood, instead of moving to 'fringe' suburbs with a lack of infrastructure and facilities,” said Saba.
He said existing residents will benefit from the new transport network, which will encourage use of the train station, and new pedestrian links.
Much of the Breakwater site is highly modified agricultural land. Plans include  rehabilitation to the benefit of both residents and native wildlife.  A range of facilities to promote 'active and healthy living' such as lakes with canoe launch platforms, nature corridors, sports ovals and playgrounds are also included.
"An important benefit of the project is that Robina Hospital will be accessible through Breakwater and to Mudgeeraba M1 interchange under more severe flood conditions than Robina Town Centre Drive currently permits.” 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/04/Breakwater.jpg" alt="">
The site is 73 hectares of farmland sitting between Merrimac and Robina neighbourhoods, according to the developer's website.
Walker Corporation said it was holding community discussions about the masterplan.
Once approved, construction is expected to start in 2018.
Last year, Senibong Cove, Walker Corporation’s Malaysian master planned community, was announced as “World Silver Winner” at the FIABCI World Prix d’Excellence Awards, 2016 Master Plan Category.
 
 
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