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

Hotel

<html><body><div class="cq-article-content-paras section">
<div class="cq-article-content-paras section">
The Hughenden hotel in Woollahra has been sold having been listed in May with expectations of $20 million plus.
The buyer has not been disclosed, but the 1356-square-metre site was likely acquired by a developer. No sale price was offered on realcommercial.com.au for <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-woollahra-501942758" target="_blank" style="font-size: 12.16px; line-height: 1.3em;">The Hugheden</a> which was built in 1870 as a grand Victorian residence for Dr Frederick Harrison Quaife, president of the British Medical Society who brought the first X-ray machine to the colony. 
It later served as a Masonic Hall, nurses home, dance hall and ladies college before falling into disrepair in the early 1990s.
The 32-room hotel was offered by the children's author Susanne Gervay who commissioned agents Lincoln Blackledge and Philip Gartland of Stonebridge Property Group to sell the Queen Street property.
</div>
</div></body></html>

jchancellor-FAypfDUnLy

The Hughenden, Woollahra sold

<html><body>
Oonoonba Hotel – a popular pub in Townsville -- has been listed for sale and is expected to attract investors looking for a slice of Queensland’s hospitality industry.
Located in the CBD area, the hotel at 78 Abbot Street comprises a beer garden, a TAB and gaming area, lounge bar and bistro, and eight motel units.
It is being sold through an expressions of interest campaign managed by CBRE Hotels’ Paul Fraser and Glenn Price along with Power Jeffrey &amp; Co’s Peter Power and Andy Nason.
Fraser said the sale would capitalise on the strength of Townsville’s economy.
“Townsville is positioned for major economic growth over the coming years, with more infrastructure projects mooted than in any other regional Queensland city," Fraser said.
Projects slated for Townsville include a new port, a multimillion-dollar airport upgrade and the $250 million Townsville Stadium.
“Ideally the hotel would suit a hands on owner-operator or smaller hotel group. Its practical layout provides for efficiencies in staffing and overall ease of operation," said Power.
</body></html>

prateek24-ezbwHMbNAk

Popular Townsville pub goes to market

<html><body>
The Swiss-Belhotel International Group will open its first Australian hotel in Brisbane on the 1st October 2016.
Swiss-Belhotel is a rapidly growing, Hong Kong based international brand that currently spans twenty countries with over seven thousand staff.
Swiss-Belhotel Brisbane is situated at 218 Vulture St, South Brisbane.
The site was selected because of its proximity to River Quay, South Bank, the Gabba and nearby Royal Children's Hospital, Mater Hospital and Ronald McDonald House.
The 134 room hotel is made up of 108 Superior Rooms, 14 Deluxe Studios (45 sq metres) and 12 Executive Studios (54 sq metres).  
Swiss-Belhotel International Chairman and President Gavin Faull said he was presented with this exciting opportunity in Brisbane two years ago.
"We were so impressed that we have taken a long term lease on the hotel and invested in the property''.
 Cafe 63 at Swiss-Belhotel will be an expanded version of the very popular Cafe 63 in Brisbane.
Gavin Faull has built the portfolio of hotels under his management from just three to well over 135 that stretch across the globe incorporating the Middle East, Europe, China, Southeast Asia, Australia and New Zealand. 
The brand now spans twenty countries and employs over seven thousand people.
There is no sign of a slowdown with plans to have at least 40 hotels managed by Swiss-Belhotel International in Australia within ten years.
Gavin Faull, a New Zealand born dairy and tourism entrepreneur is in Australia this week.
Faull aims to have 10 hotels managed by Swiss-Belhotel International in Australia within five years.
"We were introduced to the Horan Group by Mr Ian Pert of GPM Consulting and Project Managers and were very impressed with the hotel project, with the location and with the developers. 
"We have been working together for almost two years. 
"We were so impressed that we have taken a long term lease on the hotel and invested in the property.
''Swiss-Belhotel Brisbane is on a long term lease by Swiss-Belhotel International where the developer has been able to secure their return by leasing to an international management company yet has been able to work very closely with Swiss-Belhotel International to develop a truly international hotel product. 
"There are also strata title apartments in the complex and Swiss-Belhotel International will be managing those apartments as well as handling the letting services for those apartments.
"A unique fusion of property development; individual investment opportunities managed and incorporated into an international hotel operation''.
''This is Swiss-Belhotel International offering the investor community an alternative management and property product to the other many products in this investment space in Australia. We are an exciting alternative'', he concluded.
</body></html>

New property brand, Swiss-Belhotel International launching in Brisbane

<html><body>
A motel in the Canberra suburb of Ainslie has exchanged hands in an off-market deal through CBRE Hotels.
The Best Western Tall Trees Motel at 21 Stephen Street was bought by Elanor Funds Management for $14,200,000 from Tall Trees Motel Pty Limited. 
The 79-room motel includes a bistro restaurant, manager's apartment and 71 onsite car parking spaces. It is owner operated, under management – with a franchise agreement in place with Best Western. The property has a site area of 5,797 sqm.
The passing yield was 8.2 percent.
Canberra posted strong growth across all major hotel indicators for the year to March 2016, indicating that the market has managed to cope with the increases in supply, according to CBRE. With no new supply scheduled to come online until mid-2017, Canberra should experience further increases in occupancy leading to rising hotel performance, according to the media release.
</body></html>

Canberra motel exchanges hands for $14.2 million

<html><body>
The Bowral Hotel has been sold to an undisclosed Sydney-based hotel operator for $6.35 million by the listed Lantern Group.
It sold through CBRE's Daniel Dragicevich​ and Ben McDonald.
Lantern Hotel's chief executive Jon Osborne said the sale was part of the ongoing divestment of non-core assets.
The group has sold five hotels in the past nine months, with two further sales under contract.
"The program is continuing with a sale of the Lawson Park Hotel, Mudgee.  
CBRE Hotels advised the sales campaign for the Bowral Hotel attracted more than 50 genuine inquiries and 13 initial offers.
</body></html>

Bowral Hotel sold for $6.35 million

<html><body>
The St Kilda boarding house The Gatwick is set to become an upmarket hotel, as the kennest buyers enter the final stages of negotiation.
Listing agent Jonathan Walls, from Lemon Baxter, says a sale is imminent of the infamous Fitzroy St building.
“Surveyors have been appointed to go through the property to make sure it’s going to configure the way they want to it to be configured,” Walls told Realcommercial.com.au which last year reported the property was expected to fetch between $12 million and $14 million.
The hotel’s sale comes with vacant possession but an extended settlement of period of 12 months, to allow its many permanent residents to find alternative accommodation.
</body></html>

The Gatwick on Fitzroy Street nears sale

<html><body>
Eclipse House in Canberra City, sitting directly opposite the ACT Legislative Assembly, has sold for $13.525 million to a local investor. 
The 197 London Circuit place in Canberra City was sold via an international expressions of interest (EOI) campaign managed by Colliers International's Tim Mutton.
Eclipse House is an 11 storey B-Grade office building of 6,567sq m net lettable area and is tenanted by the ACT government until November 2016.
Local property investor Zapari Group purchased Eclipse House with long-term plans to convert the property into a hotel due to its prime CBD location.
The sale of Eclipse House, along with the sale of 20 Allara Street late last year, will see further urban renewal of tired office buildings in the CBD, added Mutton.
 
</body></html>

jonathanchancellor-7SQnKwU6yx

Eclipse House in Canberra sold to local investor with plans for hotel

<html><body>
Brisbane's GPO Hotel Fortitude Valley, a popular icon in the Fortitude Valley nightlife scene, is up for sale.
CBRE Hotels has launched an expressions of interest campaign for the hotel on behalf of the Lantern Hotel Group. The EOI campaign closes March 31.
The hotel, sporting Victorian Italianate style architecture, is located at 740 Ann Street on a 956sqm corner site.
The freehold building earns $329,052 per annum, with fixed 3.5% annual increases. It is leased until 2019 with four 10-year options.
The zoning is flexible for future uses as retail, residential or office. There is potential for increased density subject to council approvals.
The listing agents are Glenn Price, Daniel Dragicevich and Darren Collins of CBRE.
</body></html>

Brisbane's Fortitude Valley hotel on the market

<html><body>
The largest new‐build ibis Styles hotel in Australia -- ibis Styles Brisbane Elizabeth Street -- was officially opened with a ceremonial plaque unveiling, led by the Queensland's tourism minister Kate Jones and hotel owner Sheikh Mubarak A.M. Al‐Sabah, a prominent business leader from Kuwait.
The 386‐room ibis Styles Brisbane Elizabeth Street is the third hotel property in Australia that Sheikh Mubarak has enlisted AccorHotels to operate, alongside ibis Melbourne Glen Waverley and ibis Budget Melbourne Airport.
Jones, who holds the ministerial portfolios of education and tourism &amp; major events, said at the event that, “Brisbane and its many modern inner‐city precincts are becoming well known with their increasing appeal and variety of choice for travellers.”
“Ibis Styles offers these travellers another excellent and affordable accommodation option,” she added.
The hotel is the tenth and largest in Action Hotels portfolio, and the group’s first hotel in Brisbane. Sheikh Mubarak A.M. Al‐Sabah is the owner and founder of Action Hotels PLC. 
“We are very excited by the opening of our first hotel in Brisbane. It is a high quality three-star hotel and is well located for both business and pleasure customers which will drive occupancy from day one. The opening of this, our largest hotel, is a big step towards achieving our goal of 5,000 rooms by 2020," he said.
Added Simon McGrath, the chief operating officer of AccorHotels Pacific: “The opening of ibis Styles Brisbane Elizabeth Street, is a milestone development for AccorHotels and Action Hotels and we expect this hotel to be a major boost for the local economy not only from a tourism perspective, but also supporting the local economy, creating up to 100 hospitality jobs and during construction nearly 250 jobs, concluded Simon.”
The 368‐room new‐build hotel features ibis Styles’ signature Sweet Beds, lively colours and upbeat furnishings and a new restaurant and bar – The Social. Room rates start from $135 per night.
Action Hotels are owners, developers and asset managers of economy and midscale hotels in the Middle East and Australia. AccorHotels and Action Hotels currently partner on eight hotels with a further three in the development pipeline.
 
</body></html>

Brisbane sees official open of ibis Styles hotel

<html><body>
The Gatwick Hotel in Melbourne’s St Kilda is on the market for the first time in more than 50 years, with the expression of interest campaign closing March 1.
The hotel on <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-st+kilda-501809978" target="_blank">34 Fitzroy Street</a> was built in 1938 and is currently being used as a boarding house. It is in an area zoned Commercial 1.
The property’s current owners, twin sisters Rose Banks and Yvette Kelly, have been running the 64-room hotel since the 1980’s and have now decided to retire.
A documentary 'The Saints of St Kilda’ was recently made in which the owners opened up about the boarding house and its inhabitants.
The hotel comprises of a three level-building plus a basement with a gross floor area of 2,532 sqm. Built to the boundaries, the site is nearly 789 sqm and has three street frontages. The property has retained most of its original features and has been kept true to its original floor plan.
The listing agents for the property are Lemon Baxter’s Jonathan Walls and Richard Hutton. There have been reports of $11 million expectations.
“The Gatwick Hotel is an icon in St Kilda. The property is less than 5 km from the CBD and has immediate proximity to St Kilda beach, restaurants and generates high traffic, particularly from tourists,” said Jonathan Walls.
“This site presents an opportunity to house a boutique hotel, head office or residential conversion subject to council approval.”
St Kilda Community Housing chief executive John Enticott said he understood the vendors had set a 12-month settlement date, which would secure residents' housing until early 2017.
</body></html>

Hotel

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Hotel

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News