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

Joel Robinson

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

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

Eastern Suburbs buyers snap up ESTE Little Bay apartments

hospitality

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
A fitted space on Commercial Road in South Yarra is the latest be snapped up by a hospitality operator.
The hospitality operator is looking to take advantage of the increased demand for takeaway and delivery services.
Lewis Waddell of Fitzroys leased the 150 sqm property at 151 Commercial Road to a Mediterranean eatery at $55,000 per annum plus outgoings and GST, on a secure 4+4-year term.
Waddell said tenants are also taking a longer-term view beyond the current environment. The property’s proximity to the Prahran Market and the amenity and accessibility of the Chapel Street retail and lifestyle strip were an attraction. 
He said the possibility that people will be working from home more often in the future, and the surrounding established residential catchment would further add to the locations’ trading viability across all hours.
Waddell said fitted hospitality spaces are being snapped up by food and beverage operators adapting to changes in the hospitality sector.
</div>
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
Fitzroys has secured 72 leases since the State of Emergency was declared. This includes 45 retail deals, of which 48% have been to hospitality tenants. Coming into this year, food and beverage operators accounted for around 29% of tenants throughout the retail strips, according to Fitzroys research.
</div>
</div>
</div>
</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Mediterranean eatery lease South Yarra fitted space

<html><body>
Retail properties with existing kitchen infrastructure are moving quickly as food and beverage operators take advantage of increased takeaway and home delivery demand.
Due to changes in the hospitality sector, smaller retail spaces across Melbourne are being snapped up by operators with a particular attraction to those already fitted out, according to Fitzroys.
Since the state of emergency was declared, Fitzroy has secured 67 leases, 19 of which were to hospitality tenants.
Associate director James Lockwood said a number of these have taken place throughout Melbourne’s famous shopping strips.
A number of leases have been struck on extended terms, as the added attraction of retail strip properties is that they often attract rents from around $50,000 to $75,000.
CBD properties see leased at circa $100,000 per annum.
A number of deals have been secured in the last few weeks including deals on Rathdowne Street, Carlton and Commercial Road, South Yarra. 
</body></html>

Smaller hospitality retail spaces across Melbourne are being snapped up by operators

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Frasers Property Management has announced the addition of a collection of urban hotel rooms to its national portfolio of residential properties for rent.
The serviced-apartments are available under flexible rental terms from 3–12 months.
Frasers Property Management, the residential property management arm of Frasers Property Australia, has partnered with Frasers Hospitality Australia to make a range of CBD hotel rooms at Fraser Suites Sydney, Fraser Place Melbourne, Fraser Suites Perth and Capri by Fraser Brisbane available to the residential rental market.
It’s an innovative collaboration to respond to the collapse in demand for conventional hotel offerings due to COVID-19.
Frasers Hospitality has pivoted its serviced-apartment offering to now provide affordable, un- serviced, short-term lease options.
The prices range from $600 per week in Sydney, $310 per week in Brisbane, $325 per week in Melbourne and $500 per week in Perth.
<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/2020/5/4/Fraser%20Suites%20Sydney_ext.jpg" alt="">
“These short-term, super-flexible, fully-furnished apartments are ideal for anyone experiencing housing uncertainty, or who needs quality self-contained accommodation but prefers not to commit to a long-term lease,” says Richard Kemp, National Property Manager for Frasers Property Management.
While apartment sizes vary depending on the specific property, the offer encompasses studio, one and two- bedroom apartments, fully-furnished and self-contained, and most with full-sized kitchens, internal laundries, operable windows for fresh air and some with balconies to stretch out in. 
All four properties are centrally located in CBD or CBD-walkable locations, and parking is generally available at an additional cost.
Frasers Hospitality Australia is uniquely positioned to undertake this shift in approach due to the close collaboration between with the international real estate Group’s residential, property management and hospitality teams in Australia. 
<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/2020/5/4/Fraser%20Place%20Melbourne_ext.jpg" alt=""> 
</div>
</div>
</div></body></html>

Frasers Property Management launches hotel suites at market rents

<html><body>
The site of a bar on Brunswick Street, Fitzroy, has sold for $2,038,000.
The two-storey shop and dwelling of 220 square metres occupies a corner site of 148 square metres, with a frontage of around 50 metres to Brunswick Street and Rose Street.
The property is fully leased to two tenants and returns a combined rent of $105,370 per annum.
Fitzroys agents Chris Kombi, Terence Yeh, and Lewis Waddell negotiated the sale, which they say is representative of a growing demand for food and beverage assets in Melbourne.
“Retail and commercial yields have tightened in recent years, and the added residential component can improve returns for investors, and often provide value-add opportunities,” Waddell said.
The sale price reflected a land rate of $13,770 per square metre, and follows Fitzroys’ recent sale of 180 Brunswick Street, home of café Newtown Specialty Coffee, which achieved more than $15,000 per square metre.
The group also recently sold the double-storey retail freehold at 95-97 Smith Street, Fitzroy, for $4.575 million at a 3.4% yield.
</body></html>

wdavis-8cCN98p7xp

Fitzroy bar site on Brunswick Street sells for over $2 million

<html><body>
Hospitality operators have signed secure leases over two buildings on Chapel Street, South Yarra.
James Lockwood and Jordan Ceppi of Fitzroys brokered the respective leases of 585 Chapel Street (pictured above) and 589 Chapel Street (pictured below). 
Both deals are secure five year deals with additional five year options.
New operator Jumi’s Café will open up at the 50 square metres space at 589 Chapel Street and will pay $55,000 per annum net.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/19/589%20chapel%20st.jpg" alt="">
At 585 Chapel Street, a reputable Chinese hospitality group has leased the 75 square metre space at a similar building rate.
“The tenants were attracted to the prime locations in one of Australia’s most famous shopping and lifestyle precincts,” Ceppi said.
According to Fitzroys’ newly released Walk the Strip, Chapel Street, South Yarra vacancies came down from 18.1% to 15.6% throughout 2018/19.
Fitzroys has also just leased 539 Chapel Street to children’s toys and clothing retailer, Things Adorable for their Melbourne flagship store, and 552 Chapel Street to Melbourne Laser Clinic on a long 10-year deal.
</body></html>

Two hospitality groups take up Chapel Street, South Yarra leases

<html><body>
Highfield Caringbah has been listed for sale via Expressions of interest. 
The property at <a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">32 Banksia Road</a> is currently under a long term lease to the Feros Hotel Group.
The holding comes with a 3,072 sqm building area and 1,024 sqm land area.
Located on the northern side of the Kingsway and has street frontage to Mackay Street, Banksia Road and Hay Lane, it<a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>is being marketed and sold by Ray White Commercial NSW – Sydney City Fringe Principals Kristian Morris and Justin Rose.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/Highfield%20Caringbah%20aerial%201.jpg" alt="">
Mr Morris said the asset offered a secure 15-year lease to the Feros Hotel Group plus options totaling up to 60 years with ratchet clause in favour of the lessor.
He said, “the Feros Hotel Group are proven operators that have stood the test of time in this area of the market and have done an amazing job in developing the building into one of Sydney’s best vertical offerings.”
“They’ve spent circa $12M on upgrades and it offers a double net lease with net passing income of $600,886 + GST, and has future development potential to add accommodation and additional rooftop bar, STCA.”
Mr Rose said the property was a three-storey mixed-use hospitality asset with four separate but interconnecting dining experiences. “These freehold subject-to-lease (FSTL) opportunities are rarely available and it offers a stress-free and hassle-free annuity income stream, with the tenant paying 100 per cent of the outgoings and running costs."   “It’s close to the Caringbah Town shopping centre and major retailers such as Coles, Woolworths, McDonald's and is just 150* metres to Caringbah train station,” he concluded. 
</body></html>

Highfield Caringbah offered to the market

<html><body>
A disused carpark in Victoria’s Chinatown could be receiving a bit of TLC in the near future, after City of Melbourne Councillors voted in favour of hospitality tycoon Maz Salt’s open-air restaurant ‘Park’.

The proposed hospitality venue designed by <a href="http://www.baraccowright.com">Baracco and Wright</a> endeavours to cater to 200 patrons, with 150 seats available downstairs and another 50 on a roof deck. A large canopy covers the area of the venue, with a circular opening in the centre to provide an influx of natural light into the dining areas. The 454sqm will be landscaped with a crushed rock base and the central area will be planted with trees and greenery. A mesh cyclone fence will surround the perimeter section.

Plans for the development were discussed at the <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/Pages/Future-Melbourne-Committee-19-March-2019.aspx">Future Melbourne Committee meeting</a> on the 19th of March, where the key issue identified was “the appropriateness of the built form within the existing heritage context”.

Contention around the application was expressed by 18 objections, with main concerns noting that the design was “out of character with the streetscape and wider heritage precinct” and fears that noise and smoking will cause problems due to the venue also functioning as a licensed bar.

The counter argument made by multiple Melbourne City Councillors reassured meeting attendees that the application would be assessed based on what was proposed (a restaurant with a commercial kitchen), rather than predicting any alterations and liquor licenses in future. The public will be able to enjoy the park without feeling the pressure to purchase food from the restaurant.

<blockquote>
“It’s very straightforward, what is going to replace it will be of much higher quality of what is currently there at the moment.”
</blockquote>

- Cr Leppert, Chair of the Arts Culture and Heritage portfolio

Park’s lease will be valid for three years. 
</body></html>

Olivia Round

‘Park’ development proposed for Melbourne’s Chinatown sparks debate

<html><body>
Hospitality veterans Bruce Solomon and Matt Moran are merging their Solotel and MorSol businesses under the Solotel brand, bringing under one umbrella some of Australia’s leading bars and restaurants, according to a media report.
The two businesses will merge under the Solotel title at the start of the new financial year, said a report in hoteling industry news website www.theshout.com.au, though it didn't mention financial details of the deal.
Currently, Solotel has a portfolio of 20 hospitality venues in Sydney and Brisbane, including the Opera Bar and The Sheaf hotel; while MorSol operates some of the best restaurants in Australia, including the two-hatted ARIA Sydney, ARIA Brisbane, CHISWICK Woollahra and CHISWICK at the Gallery.
Following the merger, Matt Moran will continue to manage the ARIA and CHISWICK restaurants – the flagship restaurants of the business. 
After the deal, Solotel's staff will number around 1500. 
Moran said the merger would open up new opportunities for the staff.
“It’s going to give lots of opportunities to lots of people. If a young chef starts in a pub one day he might have [the] ambition to be in a fine dining restaurant and vice versa – I might have a sous chef in ARIA who might want to run his own pub,” he said.
Solomon and Moran's business partnership goes back to 2000 when Solomon turned the Paddington Inn into a gastropub, with a focus on the food offering. 
Both Solomon and Moran believe that by merging the businesses, they are creating one of the most dynamic hospitality groups in the country, the report added.
The Paddington Inn will be relaunched in August, opening as a new restaurant and front bar, followed by the renovation of The Edinburgh Castle Hotel in Sydney’s CBD later this year.
Solotel have also won the bid for The Australian Hotel in the new Central Park residential and entertainment precinct on the CBD’s fringe. Both The Australian Hotel and Solotel’s three-level prestige venue in Sydney's Barangaroo will open in 2018. The Barangaroo venue will feature a bar on the ground floor, a restaurant on the first floor and a rooftop bar.
</body></html>

hospitality

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

hospitality

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News