Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-storey project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm site.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

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The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

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This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Now selling from $640,000 to $3.95 million, with off-the-plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

Joel Robinson

640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

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“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

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The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

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Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Sydney House, the residential redevelopment of the landmark City Tattersall building on Pitt Street in the Sydney CBD, will officially launch to the market this month.

The $800 million development, a joint venture between&nbsp;Singapore-listed <a href="https://www.apartments.com.au/developers/first-sponsor">First Sponsor</a>&nbsp;and leading Melbourne-based developer&nbsp;<a href="https://www.apartments.com.au/developers/icd-property">ICD Property</a>, will see a glass tower with 241 apartments and a 135-room hotel built above the restored heritage-listed podium.

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The apartments will offer&nbsp;rare northeast-facing views across the sparkling Sydney Harbour and Hyde Park, all positioned above a luxury hotel with exclusive access to premium amenities and five-star lifestyle services.

Internationally acclaimed architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/bvn-architecture">BVN Architecture</a>&nbsp;handled the design for the residential component and the interiors for the hotel, while&nbsp;<a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>&nbsp;focused on the heritage podium.

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First Sponsor’s CEO, Neo Teck Pheng, together with ICD Property’s CEO, Matthew Khoo commented that the joint venture team was ecstatic to bring this extraordinary project to market as the first opportunity for those looking to secure their ultimate CBD luxury residence elevated by premium hotel amenities, including select premium services designed for effortless living.

“<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will offer a sophisticated expression of modern CBD living, capturing panoramic vistas to Sydney’s most beloved icons, including the Sydney Harbour Bridge as well as Hyde Park out to the North and South Heads,” Khoo said.&nbsp;

&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=312146]

Mr Neo expressed that the reinterpretation of the heritage podium levels will feature an elegant heritage bar and restaurant, along with luxurious hotel and function facilities, enhancing the experience for residents. The historical features will be reborn, ensuring that these grand, opulent spaces will once again be enjoyed, appreciated and celebrated by residents, Sydneysiders as well as interstate and international visitors alike.

Managing sales for the project, SRM Residential Partner Tim Rees said that the team has received an overwhelming response to date, largely from local downsizers and upgraders looking for the ultimate lifestyle purchase.&nbsp;

“Once completed in late 2027, Sydney House will be Sydney CBD’s newest icon blending modern architecture with historic grandeur located in one of the most prestigious enclaves of the CBD,” Rees said.&nbsp;

“Pitt Street is arguably the most significant street in all of Sydney. Just a stone’s throw from Circular Quay, Sydney Opera House, Hyde Park and Darling Harbour, Sydney House offers seamless connection with the CBD and beyond. Pitt Street Mall is literally across the road and there is an abundance of dining and cultural venues in close proximity. The outlook from Sydney House will be breathtaking with views of Hyde Park and Sydney’s famous iconic landmarks on offer.

“Following the trend of other global cities such as New York, London, Paris and Tokyo, luxury inner city apartment living with access to premium hotel amenities is the new ‘trophy home’ for wealthy downsizers or empty-nesters who aren’t looking to slow down, as they want to live in the heart of the action.”

[smartcode_project:default project_id=12428 project_image_fid=350624]

The project boasts a prime CBD location surrounded by the city’s most premium shopping centres including David Jones and Westfield Pitt Street as well as some of Sydney's best restaurants, bars,&nbsp;pubs, theatres, museums, art galleries, and parks.

Residents will be able to access the newly opened Sydney Metro Gadigal Station, located within a block from Sydney House. This station provides connectivity to Martin Place (one min), Barangaroo (three mins) and North Sydney (11 mins) as well as Chatswood and Macquarie University through to Castle Hill and Norwest. With services every four minutes during peak times, the Sydney Metro provides the ultimate convenience with 21 stations from Tallawong to Sydenham.

One of Sydney’s leading residential construction companies, particularly in premium off the plan luxury residences, Richard Crookes Constructions, will complete the project in late 2027.&nbsp;

Price guides at Sydney House include one-bedroom apartments from $1.5 million, two-bedroom apartments from $2.3 million and three-bedroom apartments from $5 million.

[smartcode_project_cta:default project_id=12428]

Set to bring next level luxury to Sydney CBD’s prestige property market

Buyers set for first chance at Sydney House, Sydney CBD's newest landmark tower development

Joint venture partners&nbsp;<a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a>&nbsp;(APG)&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>&nbsp;have kicked off construction&nbsp;on its second Gold Coast apartment tower, Affinity Broadbeach, which is due for completion in early 2028.

More than 50 per cent of the 180 two- and three-bedroom apartments have sold, with buyers particularly impressed by&nbsp;the spacious and functional floor plans, close proximity to the beach, premium inclusions, and expansive resort-style amenities.

APG has just released a new limited collection of three-bedroom skyhomes with three living rooms and four bathrooms.

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Graham Potts, Principal and Founding Director Amalgamated Property Group, said the strong demand for <a href="https://www.apartments.com.au/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach-qld-4218">Affinity Broadbeach</a> highlights a genuine need for affordable luxury residential developments on the Gold Coast.&nbsp;

“It’s exciting to see construction kick off on this sought-after project which is set to create a new benchmark in luxe coastal living on the Gold Coast," Potts said.

"Buyers are attracted by the seamless blend of convenience and elegance that Affinity offers, together with the knowledge that our 20-years of industry experience ensures we continue to deliver homes to the same high standards our reputation has been built on."

Capital Construction Queensland, the inhouse construction arm of APG, is handling the building. Potts says having the internal build capability provides buyers with confidence in delivering a high-quality building, referencing Amaya Broadbeach which is nearing completion nearby.

[smartcode_project:default project_id=107690 project_image_fid=323199]

Carly Cottam, CEO of <a href="https://www.apartments.com.au/project-marketer/motiv">MOTIV</a> Group which is selling Affinity, says there's a clear undersupply of property across Southeast Queensland and an even greater shortage of well-designed, spacious residences.

"That’s why Affinity has attracted such strong demand," Cottam says.

"Every detail, from the intricate finishes to the intelligent spatial planning, has been crafted for the discerning owner-occupier. Beyond the residences, the amenity is designed as a true extension of the home."

&nbsp;

[smartcode_project:default project_id=107690 project_image_fid=6678]

Affinity’s superior amenities are resonating with buyers who are impressed by the range on offer, from the expansive outdoor heated pool, to the state-of-the-art gym, steam and sauna facilities, outdoor entertaining terraces, and a business centre.

"The offering reflects exactly what buyers are seeking when right-sizing or upgrading - spacious residences complemented by curated residential amenity, all within moments of the beach and vibrant retail and dining precincts,” Cottam added.

[smartcode_project:default project_id=107690 project_image_fid=6676]

Dennis Milin, Principal of Base Developments and Milin Builders, and Director of Capital Constructions Queensland, said the team is excited to deliver another collection of premium homes in the heart of Broadbeach.

"With more than three decades of proven success in construction and development, our award-winning portfolio across the ACT and NSW speaks for itself, now further demonstrated by the strong progress at Amaya Broadbeach on First Avenue in Queensland,"&nbsp;Milin said.

“In partnership with a highly regarded team of designers, engineers and trades, and supported by our experienced Gold Coast construction professionals, we remain committed to delivering projects defined by quality, timeless design and uncompromising standards."

Early works at Affinity are already advancing, with guide walls for shoring and bulk excavation underway.

[smartcode_project:default project_id=107690 project_image_fid=323196]

With a proven track record in large premium projects, APG has been developing residential and commercial property across Australia for more than 20 years. APG and Base Developments are the same duo behind the successful Amaya Broadbeach, currently under construction on First Avenue and due for completion in early 2026, as well as a number of other successful joint developments in Canberra, including Botanical in Turner, Kiara in Narrabundah, Ivy in Woden, and the three-tower Oaks precinct in Phillip.

APG is currently building The Eastbourne, 349 homes, a premium office building, and a retail and dining precinct at ANZAC Park East.

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Amalgamated Property Group and Base kick off construction at Affinity Broadbeach

Green Star

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The Commonwealth Bank of Australia has achieved the highest number of Green Star certifications for a non-property organisation, reaching 30 certifications across its bank branches.
Commonwealth Bank became one of the first users of the Green Building Council of Australia’s Volume Certification Program, and since 2016 has certified 30 branches to a 5 star rating or above.
CEO of the Green Building Council of Australia, Davina Rooney, said this significant achievement has helped to advance better design and construction outcomes throughout Australia.
“Commonwealth Bank was one of the first users of Green Star and one of the early adopters of our volume certification program,” Ms Rooney said.
“They have paved the way for other financial institutions, as well as industrial facilities, retail stores and restaurants to achieve volume Green Star certification across a number of projects.”
“Commonwealth Bank’s adoption of Green Star, along with their participation in the Global Net Zero Carbon Buildings Commitment puts the bank at the forefront of green leaders worldwide.”
Jennifer Saiz, Executive General Manager Group Property and Security, Commonwealth Bank, said: “We aim to drive positive change through good business practice and one way we achieve this is through our sustainable branches.
“We are proud to be the first Australian financial institution to achieve a 5 Star Green Star certification for our retail design standards and we are thrilled that 30 of our branches have now achieved Green Star certification,” Ms Saiz said.
Volume certification allows the certification of a group of projects sharing similar features.
Ms Rooney said more companies are choosing volume certifications as it enables elements of a design to be certified once and then replicated on future projects to achieve a Green Star rating.
“Volume certifications for Green Star are growing rapidly as more companies see the value in reducing costs, future-proofing assets, and helping more people enjoy the many benefits working in a Green Star environment,” Ms Rooney said.
Commonwealth Bank’s office fitouts and bank branches use low chemical paints, Forestry Standard certified timber and water-efficient fixtures and fittings. They have also seen energy cuts of 40 per cent compared with typical branches.
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j.ballantyne1990-6AQqhLzZaK

Commonwealth Bank leads the way in Green Star certifications

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Completed in April this year, 105 Phillip Street has achieved another significant milestone, becoming the 2,000th building in Australia to achieve Green Star certification from the Green Building Council of Australia (GBCA). Located in Parramatta, Charter Hall’s 12-storey commercial development achieved 6 Star – Green Star – Office As Built v3, making it a benchmark in sustainable commercial buildings in Australia and world-leading in its sustainability standard. 

Constructed by Built, developed and managed by Dexus, 105 Phillip Street is also the first and only 6 Star Green Star building in Parramatta. Bates Smart worked closely with engineering consultancy Wood and Grieve's ESD team on the design of the 25,000 sqm commercial building.

According to the GBCA, 105 Phillip Street demonstrates best-practice office design and execution, delivering a sustainable new headquarters and workplace for its tenants. It joins some of Australia’s most iconic buildings and precincts which have achieved Green Star certification, including the Sydney Opera House, Barangaroo, University of Melbourne and Curtin University, Sydney Airport and Melbourne Convention Centre.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/s11772_a_n253_print.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="367" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/s11772_a_n253_print.jpg?itok=or9wia6-" width="580"></a>

<figcaption>105 Phillip Street's exterior is a play on scale, appearing as a four storey building. Image Bates Smart</figcaption></figure>Located within a 5-10 minute walk from Parramatta's civic centre, Parramatta Transport Interchange and adjacent to the Parramatta Ferry Terminal, 105 Phillip Street excellent benefits from its accessibility to public transport and pedestrian links to the CBD. Built over an existing carpark, the building re-establishes a retail streetscape along Phillip St, enhancing the Parramatta CBD with retail and commercial functions which form an integral part of the public domain.

Bates Smart has expressed the building form as two horizontal elements; a 9-storey glazed office volume articulated as three horizontal bands, and a 'podium' comprising a masonry colonnade which anchors the building and provides a human scale to the streetscape. The design of the facade responds to the building's orientation, with vertical fins projecting from the façade providing shading to the north whilst vertical spandrels reduce thermal heat loading on the east and west facades. The colonnade creates a sheltered entry and relates to the scale of the adjacent buildings along Phillip Street, complemented by the use of masonry.

105 Phillip features generous 2,000 sqm floorplates, punctured by a series of atria to the north, allowing for light penetration into the tenancy and providing inter-tenancy connections between levels. A side core has been located to the south, creating an open office floors to the north and allowing for maximum flexibility for the fitout. 

A landscaped roof with an extensive outdoor terrace has been provided at the top of the tower overlooking Parramatta River. The terrace has been designed around employee wellbeing, offering a tranquil retreat away from the traffic below, whilst still in the heart of the CBD. A variety of uses have been catered for, including staff events, barbecues, yoga, and sporting activities on a multipurpose sports court.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/s11772_a_n24_print.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="314" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/s11772_a_n24_print.jpg?itok=KFiTCVow" width="580"></a>

<figcaption>105 Phillip Street's foyer. Image: Bates Smart</figcaption></figure><h2>What they say...</h2>

<blockquote>
We are delighted to be recognised by the Green Building Council of Australia. This is a smart building that showcases how effective design can create positive contributions to achieve environmentally sustainable outcomes, thus improving the building’s overall efficiency.

Through its design, we have considered various innovations to improve the building’s overall efficiency, address water and energy conservation while encouraging its end-users to maintain a healthy and active lifestyle. Although a simple and understated design, 105 Phillip Street has achieved and exceeded many performance benchmarks for an office development. From the outset, the design to practical completion was achieved in 24 months.

- Basil Richardson, Studio Director, Bates Smart
</blockquote>

 

<blockquote>
This is a momentous achievement and shows how the value of sustainability in our built environment continues to go from strength-to-strength as the uptake of Green Star certification grows. Certifying our 2000th project is a milestone that demonstrates the sustained momentum Green Star has achieved in less than two decades of operation. 
To achieve a 6-Star Green Star certification is an amazing achievement and we congratulate the team behind 105 Phillip Street. Our vision is for healthy, resilient and positive places for people and the natural environment and it is through developments like this that this goal can be reached.

A Green Star rating is much more than a certificate or a logo – it showcases leadership in sustainability, creates brand value, encourages innovation, creates new revenue streams, secures stakeholder confidence and mitigates risk.

- Romilly Madew, GBCA CEO
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Laurence Dragomir

Parramatta's 105 Phillip Street becomes 2,000th building to achieve Green Star Certification

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The $2.9 billion redevelopment of the Brisbane Showgrounds has received the highest rating for master-planned precincts in Australia, demonstrating ‘World Leadership’ by achieving a 6 Star Green Star – Communities v1 certified rating from the Green Building Council of Australia (GBCA).
The Brisbane Showgrounds regeneration was assessed for its sustainability performances across five impact categories – Governance, Liveability, Economic Prosperity, Environment and Innovation – achieving a total rating of 77.7 points out of a possible 100 points.
Brisbane Showgrounds Project director Andrew Hay said the independent verification rating represents ‘best practice’ for a master-planned development in Australia, recognising Lendlease’s vision and commitment to sustainability.
“As the world’s population urbanises, there is a greater emphasis placed on the role of the built environment, including place, sustainability and community outcomes. People want to live and work in cities and precincts that are liveable, connected and accessible,” he said.
“Brisbane Showgrounds demonstrates each of these attributes, all of which have been independently verified by the GBCA.”
High scoring sustainable concepts include 25 King, the largest and tallest engineered timber office building in the world, recognition and integration of the cultural heritage of the site’s long history and commitment to education, skills and training.
"The Brisbane Showgrounds project exemplifies how sustainable design and construction continues to evolve, and how it challenges the industry to look for new ways to add social value,” says the GBCA’s Chief Executive Officer, Romilly Madew.
“Take Lendlease’s determination to preserve and enhance the significant heritage on the site as an example. This not only saves on demolition, waste to landfill and carbon emissions, but also delivers social benefits for all those who work, live in or visit the community.
“Other shared value initiatives on this project include Lendlease’s partnership with the Leukaemia Foundation of Queensland, which has delivered 14 discounted apartments for families with sick loved ones, and skills training for construction workers that highlights that sustainable buildings are good for the health and wellbeing of everyone – including those who build the community.”
Green Star – Communities is a nationally-adopted scheme designed to assess and certify the sustainability of large-scale master planned development projects.
The Brisbane Showgrounds precinct seamlessly combines commercial, residential and retail and is set to house to over 15,000 workers, customers and visitors by 2025. It is one of Brisbane’s most well connected and walkable neighbourhoods, a lively entertainment, retail and events quarter providing an inner-city lifestyle like no other.
 
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jrobinson-rf4aSBido9

Lendlease achieves world green star leadership at Brisbane Showgrounds

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GUEST OBSERVER
Owners and tenants are constantly seeking new ways to drive efficiencies and cost savings to future proof these parks and facilities. 
In 2016, Frasers Property Australia completed its first 6 Star Green Star business park facilities in Rhodes Corporate Park (NSW), Horsley Drive Business Park (NSW), Ceva Campus in Truganina (VIC) and Yatala Central Industrial Estate (QLD). These projects demonstrate an unparalleled commitment to environmental and financial outcomes utilising cutting-edge sustainability initiatives.
Adopting the Green Building Council of Australia ratings
The Green Building Council of Australia (GBCA) is an independent, voluntary sustainability rating system for Australian buildings. Its Green Star rating is Australia's highly respected standard of quality for the design, construction and operation of sustainable buildings, fit outs and communities. Frasers Property has chosen this rating system to monitor its sustainability performance for its facilities as a direct result of the GBCA’s credibility within the property industry.
Further justification is the important role independent certification plays in the validation of sustainability outcomes. There is considerable dialogue about sustainability generally, however this is often not supported by credible third party validation. Green Star is Australia’s leading holistic rating tool for the property industry. 
Improving sustainability ratings
The focus for Frasers Property is to deliver direct and tangible benefits to customers by reducing total occupancy costs and operating expenses, whilst also improving the health and wellbeing of employees. From a business perspective, the ongoing pursuit of improvement in sustainability ratings for facilities demonstrates a commitment to market leadership.
This approach is critical to future proofing facilities so they continue to deliver value and remain competitive. Everyone now lives and operates in a carbon constrained economy and buildings are a significant contributor to greenhouse gas emissions. Reducing each building’s carbon footprint assists not just in alleviating further stress on the environment but also to improve the financial bottom line. 
Why is a 6 Green Star rating important? 
In 2015 Frasers Property committed to achieving a 5 Star rating for all of its facilities which has delivered considerable operational savings and health benefits for customers. However, there was a strong aspiration in the business to do more by pushing the boundaries of what a truly sustainable industrial development could be. 
Since the introduction of the Green Star approach, customers have firmly embraced the concept. This approach has also helped Frasers Property further align its values with its customers, with the shared commitment resulting in an even stronger bond between both. Further, the introduction of 6 Star was not only a considerable benefit to the environment but also provided enhanced financial benefits to customers as a direct result of reduced operating costs.
Frasers Property’s approach to improving the sustainability of facilities is driven by a desire to lower ongoing operating costs. Most new institutional grade business park facilities across Australia are rated 4 Star, however very little thought is given to customer benefits.  
A standard 15,000 – 20,000 sqm 4 Star rated facility is expected to deliver annual average savings between $1.50 – $1.75 p/sqm when compared with a standard Building Council of Australia compliant building. By investing in targeted initiatives and technology to achieve a 6 Star rating, these savings could be increased by approximately 165 per cent over a 10 year term. This rating can also deliver a cash flow positive result for the occupant from year one. Frasers Property works with customers in a variety of facilities from ambient warehouses and refrigerated cold stores to automated storage and retrieval systems to find a solution that best suits their long-term needs. 
Drivers sustaining 6 Star excellence
Frasers Property’s unrelenting focus is to be progressive and innovative to benefit both its customers and the communities in which it develops. In the pursuit of industry leading outcomes the intention is to initially educate the industry as to what is possible, and to then be the driver of that change.Beyond the choice it offers customers, this approach allows Frasers Property to benchmark not only what can be achieved but also how to improve. Green Star certification demonstrates that well designed assets can result in lower operating margins and provide future proofing against changes from a regulatory or utility cost perspective. 
In 2016 Frasers Property delivered approximately 280,000 sqm of industrial facilities across Australia. Forty three per cent achieved a 5 Star Green Star rating which recognises Australian Excellence in sustainable design, while the 57 per cent balance achieved 6 Star Green Star ratings. Significantly, this rating acknowledges World Leadership in sustainable design. 
Significant 6 Star benefits and features
The most significant benefits are the energy and water cost savings. Over the years, it has become clear that the way to ensure the longevity of facilities is to structure the outcome to benefit the consumer. The increased productivity of staff working in a space that promotes good design and environmental attributes is also a significant tangible benefit.  
The features of 6 Star facilities are many and varied. A representative selection includes:
•Solar panels as an energysource.
•Rainwater tanks for toilet flushing and landscape irrigation.
•Electric vehicle car charging points.
•Geothermal energy for heating and cooling the office.
•High efficiency LED high bay lighting with sensor technology to improve light quality, control and efficiency.
•Advanced lighting controls that use motion sensors and daylight harvesting.
•Lower toxicity materials and finishes.
•Increased fresh air flow at 50 per cent more than required by the Australian Standard.
•Glare control through blinds and shading devices.
Overall customers benefit by using considerably less energy. The remaining energy required can be purchased as 100 per cent green power.
Green Stars have a bright future
Each year the property industry continues to be one of the biggest contributors to greenhouse gas emissions in Australia. Industry bodies like the Green Building Council of Australia play a crucial role in rating the country’s sustainable buildings. Influential property developers seek to create a legacy in the communities in which they develop. They have a responsibility to seek ways to reduce their carbon footprint, reduce the overall impact of buildings and to improve the health and wellbeing of those who use them. In the pursuit of excellence, intelligent thinking is required.
REINI OTTER is executive general manager at C&amp;I Frasers Property Australia and can be contacted <a href="https://www.frasersproperty.com.au/">here</a>.
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Six Star Green Star business parks are the future 

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GUEST OBSERVER
The latest updates to Green Star promise to accelerate action on climate change, incentivise new industries and encourage market leaders to push the innovation envelope, says the Green Building Council of Australia (GBCA). 
Among the proposed evolutions to Green Star, are: 
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  minimum requirements for greenhouse gas emissions for different star ratings 
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  measures to build industry capacity in air-tightness testing 
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  a new materials pathway to incentivise the use of engineered timber and 
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<li>  new requirements that will enhance the workplace environments of construction workers.</li>
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Minimum requirements for greenhouse gas emissions</div>
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<div class="column">The GBCA’s is reprioritising carbon as a key environmental issue – and setting minimum requirements is an important part of this. Under the proposed changes, a building project seeking 5 Star Green Star certification would be required to achieve three Green Star points in the ‘Greenhouse Gas Emissions’ credit, and be 25 percent more efficient than a benchmark building.</div>
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<div class="column">A 6 Star Green Star building would be required to achieve six points and demonstrate efficiency of almost 40 percent above the benchmark. The improvements would be addressed through energy efficiency or onsite renewables.</div>
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<div class="column">This measure would enable us to provide clearer differentiation between the star ratings, and to guarantee, as a minimum, that a 5 Star building would produce fewer greenhouse gas emissions than a 4 Star building, and so on.</div>
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<div class="column">Minimum requirements are part of a broader plan to align Green Star with the distinct trajectories outlined in the Paris Agreement.</div>
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 Air-tightness testing</div>
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 A proposed change to the ‘Commissioning and Tuning’ credit would drive the uptake of air-tightness testing.</div>
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 Under the revised credit, project teams would be required to undertake testing to demonstrate that the façade airtightness specifications had been achieved. “This isn’t about setting a standard for air-tightness yet, though this allows us to push Australia to take air-tightness seriously. This first step is about building industry capacity and educating project teams on the value of air-tightness testing.”</div>
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 The GBCA would analyse and share the information gathered from the credit to “better understand where Australian buildings are landing”, to support industry action on air-tightness testing and standards that respond to Australia’s unique climate conditions.</div>
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 Incentivising the use of engineered timber</div>
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 The GBCA is also proposing the introduction of a new pathway for engineered timber within the Materials category – just as we have for concrete and steel.</div>
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 This initiative recognises the innovative approach taken on projects such as Lendlease’s Forté and acknowledges the industry’s growing appetite for products such as Cross-Laminated Timber (CLT) and Laminated Veneer Lumber (LVL). </div>
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<div class="column">Jorge Chapa is GBCA’s head of market transformation and can be contacted <a href="https://new.gbca.org.au" target="_blank">here</a>.</div>
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Property 101: Green Star updates open for consultation

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St.George’s Barangaroo branch has been rated 6 Star Green Star – Interiors, the highest level for sustainable interior fit-outs, becoming the first bank branch and the first retail fit-out in Australia to get the rating.
Green Star, awarded by Green Building Council of Australia (GBCA), is an internationally-recognised sustainability rating system for the design, construction and operation of buildings, fit-outs and communities. The St.George Barangaroo branch fit-out was assessed across nine categories and scored on use of building materials that are environment friendly, reduced internal air pollutants and lower water and energy consumption.
“This outstanding achievement is not just about minimising the bank’s environmental footprint – although this is important," said GBCA’s chief executive Romilly Madew.
"International research has found bank branches designed with sustainability in mind are also better places for customers and staff – and can cut costs, boost productivity, attract and retain employees, and provide a positive brand contact for customers. We applaud St.George’s achievement, which sends a signal to the financial services sector that sustainability is a strategic business decision.” 
<img src="/images/2016/04/14/700_stgeiorge.jpg" alt="">
St.George retail general manager Ross Miller said the certification was proof of St.George’s focus on innovation to provide employees and customers with a great place to work and bank.
This latest rating also builds on Westpac Group’s list of credentials in this area. Recognised as the world’s most sustainable bank, according to the 2015 Dow Jones Sustainability Index, the group’s head office at 275 Kent Street in Sydney was also recently awarded a 6 Star Green Star rating, along with the 150 Collins Street, Melbourne site and new corporate office, Tower 2 at Barangaroo.
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jonathanchancellor-7SQnKwU6yx

St.George branch in Sydney's Barangaroo earns 6-Star Green Star rating

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We've recently seen adventure retailer Kathmandu open the first Green Star accredited retail store in Australia, which is to be shortly followed by Collins Street Wharf's new development on the waterfront.
But what exactly is the Green Star initiative?
The Green Star rating system comes from the Green Building Council of Australia.
The Green Star rating tools rewards sustainability outcomes and encourage moving beyond standard practice.
Ratings can be achieved at the planning phase for communities, during the design, construction or fitout phase of buildings, or during the ongoing operational phase.
The ratings are broken down in to six star categories.
<a href="/images/2016/03/31/The%20green%20star%20rating%20scale.jpg" target="_blank">Click to enlarge </a>
 <img src="/images/2016/03/31/The%20green%20star%20rating%20scale.jpg" alt="">
The system assesses the buildings, fitouts and communities against a range of environmental impact categories.
It also aims to encourage leadership in environmentally sustainable design and construction, showcase innovation in sustainable building practices and consider occupant health, productivity and operational cost savings.
In June, diversified property group Frasers Property Group (rebranded last year from Australand), who are now controlled by Singapore-listed Frasers Centrepoint, secured the first ever sustainability rating for a portfolio of properties.
Not to be confused with Kathmandu's claim for the first ever retail store, the portfolio applies to a group of 54 commercial and industrial properties.
Australand now has 1.3 million square metres of Green Star-certified space, more than double any other company in Australia.
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What is a Green Star rating?

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A new report from the World Green Building Council (WorldGBC) has found that green retail environments can enhance the customer experience and drive greater profits.
The study suggests that most retailers are missing massive opportunities to beat understand how the physical retail environment can impact staff, customers and business performance.
WorldGBC CEO Terri Wills said that the days of 'grey box retailers' are numbered.
The report highlights American retailer Walmart's findings which suggest that day lit areas of stores deliver higher sales per square metre than those areas artificially lit.
Research too suggests that customers are likely to buy more merchandise, stay longer and visit stores more frequently with natural surroundings
Stockland now has 13 Green Star ratings for retail centres.
Frasers Property Australia gained Australia's first 6 Star Green Star Retail Centre for The Ponds in 2015.
Coles achieved a 4 Star Green Star rating for its Hallam store in south east Melbourne and Kathmandu opened its first flagship Green Star registered retail store during 2015.
CEO of Green Building Council of Australia (GBCA) and WorldGBC board member Romilly Madew says retailers who successfully embrace sustainability will have an unassailable market advantage for years to come.
 
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