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 

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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.
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[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

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The BPM Melbourne developer Jonathan Hallinan is reportedly close to selling the hotel component of his Southbank skyscraper, Shadow Play.
The 70 apartments have been leased to Mantra who will be paying over $2 million per annum.
The hotel spreads across the first nine floors of the 46-storey building and comprise one and two bedroom hotel rooms.
The building is currently under construction on the north-east corner of Clarendon Street and City Road.
The Age reported an undisclosed investor was paying a speculated $20 million plus, following a campaign by JRW Property International's Leo Ren and Joyce Liu.
 
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BPM's Jonathan Hallinan closing in on Shadow Play hotel sale

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Hotel developer and operator Paul Fischmann will market rooms in his recently acquired Surry Hills hotel through Airbnb.
He says its because it's a "hell of a lot cheaper than using online travel agents".
Airbnb charges commission rates of about 3%, while online travel agents like Expedia and Booking.com can take up to 20% of a hotel booking.
Fischmann's 8Hotels will develop a new 40-room boutique Surry Hills hotel, after acquiring a 329 square metre site off-market from Colin Rahim and Peter Sukkar, the founders of construction firm Growbuilt.
The new hotel will have a "Lower East Side New York" feel, The Australian Financial Review reported.
The site at 202-210 Elizabeth Street will be developed into a $30 million hotel. It is next to the Triple Ace Bar.
<a href="https://www.realcommercial.com.au/property-land+development-nsw-surry+hills-502478770" target="_blank">The site</a> had a permit for a boarding house with approval for 38 self-contained boarding house rooms including private bathrooms and kitchens and two ground floor retail shops fronting Elizabeth Street.
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Hotel developers turning to Airbnb over more expensive Expedia

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<div class="page" title="Page 1">The Westin Perth and Aloft Perth, two of Perth's leading hotels, have been listed for sale </div>
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<div class="page" title="Page 1">The Westin Perth (above) is one of Australia's newest five star hotels, east of the Perth CBD in the city's heritage quarter.</div>
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<div class="page" title="Page 1">JLL's Mark Durran, who is marketing the Westin, says an asset of the calibre and size has rarely been seen in Australia.</div>
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<div class="page" title="Page 1">"The hotel sets a benchmark in terms of quality for new 5-star hotels around the country and the Asia Pacific Region."</div>
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<div class="page" title="Page 1">It has 386 hotel rooms, furnished with 55-inch flat TVs and bathrooms with ran showers.</div>
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<div class="page" title="Page 1">The Westin has Perth CBD's largest hotel ballroom, capable of hosting a banquet for 520 people.</div>
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<div class="page" title="Page 1">The sale come with development approval for a 36,545 sqm commercial tower on the site.</div>
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<div class="page" title="Page 1">Celebrity chef Guy Grossi has partnered with The Westin to deliver Garum, an Italian 'osteria' experience set in heritage-listed Hibernian all.</div>
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<div class="page" title="Page 1">The Aloft Perth (below) is being offered with the adjoining office building, 25 Rowe, near the Burswood entertainment area and the newly opened Optus stadium.</div>
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<div class="page" title="Page 1">The Aloft has 224 rooms and facilities including W XYZ bar and Springs Kitchen, the hotel's all-day dining serving modern Australian cuisine.</div>
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<div class="page" title="Page 1">There's a 150 sqm rooftop deck with 270 degree views of Perth and the Swan River.</div>
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<div class="page" title="Page 1">The sale through JLL includes a nine-storey A-grade commercial office building at 25 Rowe Avenue.</div>
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The Westin Perth and Aloft Perth for sale

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W Hotels is coming to Sydney, with completion slated for the luxury hotel at Darling Harbour in 2020.
W Sydney will feature 593 guest rooms, suites and serviced apartments, with a rooftop pool deck dubbed the 'Wet Deck' offering city skyline views.
The hotel will be built and developed by Grocon and funded by Greaton Group and is part of The Ribbon development designed by architect Hassel. 
W Hotels Worldwide global brand leader Anthony Ingham said Sydney is a perfect match for W Hotels.
“Sydney – with its glamorous energy, cultural diversity and statement architecture – is the perfect match for W Hotels."
 “Wherever my travels take me, I am asked again and again when W is returning to Sydney, and I am thrilled to finally be able to answer the question. 
"With the long-awaited return of the W brand in Sydney, Australia will now have three W hotels, along with W Brisbane and W Melbourne – demonstrating just how important and exciting this continent is for global travel.”
There will be a restaurant, two bar and the brand's signature Living Room and AWAY spa, as well as a state of the art FIT gym, and 925 sqm of event space including a grand ballroom.
Marriott International senior director of hotel development Richard Crawford said they are excited to have found the right location and partner who shares their vision. 
“The boundary breaking approach to luxury from W Hotels is a worldwide phenomenon, and there is no better city than Sydney to shake off convention and shake up the way it’s always been done.
"The property will be a game-changer for Sydney and an absolute market leader when it comes to luxury hotels in the city.”
 W Brisbane open in June and W Melbourne is also set for completion in 2020. W Hotels are targeting 75 hotels across the world by the end of 2020.
W Sydney is part of Marriott International's expanding Australian portfolio which currently stands at 18. 
The Ritz-Carlton Melbourne, The Ritz-Calrton Perth and The Tasman, a luxury collection hotel in Hobart, are all under development.
The first Marriott in 20 years is being built in Melbourne's Docklands and is being described as Melbourne's new home of five star living.
Castran Gilbert, who are marketing the apartments, have a <a href="https://www.propertyobserver.com.au/component/content/article?id=82173" target="_blank">free ebook</a> on property investment tips in Melbourne.
 
 
 
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Sydney set to welcome W Hotels in 2020

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Sydney property developer Michael Teplitsky has sold a Surry Hills hotel site off market to Golden Age Group.
There are plans to convert it into a luxury hotel, which has preliminarily been named 'The Treehouse.'
Teplitsky had plans for a hotel at the Wentworth Avenue address which homes the derelict Key College House. The Tyne House premises date back to 1916 with the innovative glazed facade set to be retained.
The 2016 plans would have seen architecture firm Bates Smart add six floors atop the building as part of the conversion to a 19 level mixed-use hotel and apartment development which was dubbed 8Hotel.
The new plans from the Melbourne-based Golden Age group propose a 19-storey hotel-only development with 287 rooms.
There will be a ground floor restaurant/cafe, bar and lobby, as well as a rooftop bar.
Golden Age chief executive Jeff Xu told the AFR they are confident in the hotel market in Sydney and Melbourne.
The purchase comes after Golden Age and Starwood Capital, Golden Age's capital and funds management division, formed a $600 million alliance last year to develop a luxury apartment and hotel complex on Melbourne's Spring Street.
Golden Age bought the site from Grocon.
Wentworth Avenue has seen a number of conversions in recent years, most notably across the road where the Griffiths Tea building was converted into luxury apartments.
Prices in the block fetched as high as $4 million off the plan, but have struggled to onsell at similar prices.
 
 
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Surry Hills hotel site snapped up by Golden Age

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Clydesdale Manor, the Georgian style mansion ran as a luxury small hotel in Sandy Bay, has been listed with $2.9 million.
The stately property at <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-128498286" target="_blank">292 Sandy Bay Road</a> was built as a gentleman's residence in the 1880s and has been operated for many years as a successful bed and breakfast.
It was most recently ran by Red Awnings.
<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/2018/6/13/clyde2.jpg" alt="">
The property comprises eight ensuite rooms and a self-contained one bedroom apartment.
There's a formal lounge with open fireplace and a dining room.
<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/2018/6/13/clyde3.jpg" alt=""> 
The property at the end of a circular gravel lined driveway sits in 1960 sqm of formal gardens which feature mature deciduous trees and tows of dox hedged.
It is being sold on a walk-in, walk-out basis by Steve Yannarakis at St Andrews Estate agents.
Yannarakis suggests it could be converted back in to a residential property under its zoning.
 
 
 
 
 
 
 
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Sandy Bay's Clysdale Manor hotel for sale

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United Development Sydney has appointed Hutchinson Builders as construction partner for its flagship $380 million luxury residential development in Sydney’s CBD, Castle Residences.
It was launched last August as a showpiece for heritage, design and culture in a redevelopment of the heritage listed Porter House.
It will be a luxury 121-room boutique AccorHotels operation.
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Located at 203 Castlereagh Street, United Development Sydney have enagaged award-wining architects Candalepas Associates and interior designers, Studio Aria.
All residences will have access to the 5 star hotel services – this includes room service, catering, housekeeping, laundry and maintainenane access to all hotel facilities (restaurants, bars, gym, pool and business centre), 24 hour security, concierge and valet parking.
Hutchinson is Australia's largest privately owned construction company which has been building since 1912.
Excavation and demolition has started onsite. Construction will commence in August 2018.
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United Development Sydney appoints Hutchinson as builder for Castle Residences

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Novotel Geelong is undergoing a $3.5 million dollar renovation, which will see all 109 rooms in the four star hotel upgraded.
ErdiGroup built the Novotel Geelong and opened the property in 2001. 
The Eastern Beach hotel is located in the heart of the Geelong waterfront.
ErdiGroup Chief Executive Ricky Jeffs said the upgrade was needed to maintain Novotel’s position as ‘the best hotel in Geelong.’
“We need to continue to have a product that our guests return to and one that our new guests are keen to discover,” he said.
The multi-million dollar upgrade is being staged, with one floor with 22 rooms completed to date.
The refurbishment is scheduled to be completed in October, 2018.
Harris HMC has been appointed as construction partner, with Elsie + Betty Design responsible for the refreshed layout.
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Novotel Geelong gets $3.5 million revamp

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Melbourne based hotels dynasty, the Zagame family, has put its hotel portfolio of six properties located in Melbourne and Vanuatu with price expectations of more than $300 million.
The gaming-centric portfolio comprises five Victorian freehold going-concern hotels, generating combined revenues in excess of $94 million, with current ownership of 490 gaming machine entitlements representing an opportunity to enter the lucrative Victorian gaming sector with one of the largest gaming machine holdings and market share.
The hotels are among Victoria’s best performing gaming hotels including Zagame’s Reservoir Hotel, Zagame’s Caulfield Club (below), Zagame’s Boronia Hotel (bottom), Zagame’s Ballarat Club, and  Victoria’s number four ranked gaming venue, Zagame’s Berwick Springs Hotel. 
Also included in the sale is Vanuatu’s premier hotel and casino (top) -  the 4-star Grand Hotel &amp; Casino, offering a casino, VIP room and 74 luxury accommodation rooms.
<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/2018/5/8/zag%20caulf.jpg" alt="">
 
Situated 10km from the airport and Port Vila’s business and entertainment precinct, the eight-level waterfront hotel offers a variety of income streams generated from its 16 table games, 136 gaming machines, accommodation and food and beverage facilities. 
CBRE Australia's Mark Wizel, whose team has been appointed with Cropley Commercial to manage the marketing campaign, said the Zagame family had been industry innovators establishing one of Australia’s most successful and respected operators.
"Victor Zagame was an innovator and leader of the Australian hotel and hospitality industry with a product that immediately captured a loyal clientele at The Albion Charles Hotel more than 46 years ago (1971) for what became the Zagame Corporation – one of the Australian hotel and service industry’s most respected and well-known businesses," Wizel said.
"The successful purchaser or purchasers will have the significant advantage of buying into that success story."
The portfolio will be offered on an individual basis, in any combination or in-one-line and is expected to generate significant interest locally and internationally.
<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/2018/5/8/zag%20boronia.jpg" alt="">
Wizel said they are confident of attracting interest from international buyers, particularly Asia and North America.
He said Melbourne remained very much on the investment radar from a global perspective, given the economic and political stability and the consistent high levels of population growth.
Zagame Corporation director Victor Zagame Jnr said the incoming purchaser would be buying a proven business model that had grown successfully over 50 years. 
"Our venues are exceptionally well presented, our staff are leaders in the industry, and our product is second to none," Zagame said.
These successful businesses are well placed to continue to deliver substantial growth."
Cropley Commercial’s George Iliopulos, said the portfolio comprised the single largest gaming portfolio to ever hit the market in Victoria, a portfolio poised for strong trading growth.
Iliopulos said further underpinning the value of the portfolio was the Government’s recent announcement to freeze the number of poker machine numbers for the next 20 years and increasing the current machine ownership terms from 10 years to 20 years, essentially providing an incoming purchaser with 24 years absolute certainty around the existing 490 gaming machine entitlements.
  
 
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Zagame family list $300 million hotel empire

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The Blazing Stump Hotel, Wodonga has been sold for $6 million - reflecting a regional hotel yield of 6.76%. 
CBRE sold the freehold building at 4327 Anzac Parade, on behalf Wodonga Holdings Pty Ltd.
The property was purchased by a high net-worth local investor looking to expand and diversify their property portfolio.
The gaming hotel investment has a site area of 5,708 square metres just minutes from the Wodonga CBD.
It is subject to a long-term lease with a commencing annual income of $406,000 per annum. 
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