Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

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Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

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Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

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Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

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The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

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McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

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A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

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Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Hotel

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Melbourne developer Capital Alliance has unveiled the first images of the first Marriott to be built in Australia in 20 years.
Marriott Docklands, part of the $250 million mixed-use The Docklands project by local company Capital Alliance, will feature 200 rooms with clean timber flooring, beds sitting atop frames, a small table for dining but no desks and exposed joinery replacing closets.
Gone are the staples of older five-star hotel rooms: carpet, heavily branded decor and clunky furniture such as closets, chests of drawers and writing desks.
Set to open in 2020, Marriott Docklands will features a 28 metre wet edge resort-style rooftop infinity pool and adjoining bar, a ground-level bar, a restaurant and a laneway cafe.
DKO Architecture are designing the building that will comprise 100 one to three-bedroom apartments above a rectangular hotel podium, which sprouts into two curved petal-shaped towers of 17 levels each.
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Marriott International senior director development for the Australia-Pacific region Richard Crawford said the new five-star hotel reflected the evolving needs of guests who used hotel rooms differently than in the past and had high expectations of hotel luxury based on sophisticated Asian, European and American hotel experiences.
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“We’ve reinvented the hotel room as we’ve found that hotel guests don’t use desks in hotel rooms, preferring to lounge on beds or sofas or work in well-designed communal spaces with a relaxed atmosphere,” Crawford said. 
“They also don’t want their clothes and possessions hidden away in storage.” 
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“Our guests do have a strong appreciation of great design and want to stay in high-end hotels that are luxurious while also reflecting the unique character of their location."
In a nod to Melbourne’s status as Australia’s fashion capital, the Marriott Docklands’ rooms will have the retail-influenced feature of wall racks that showcase guests’ fashion purchases or spring racing outfits rather than confining them to closets.
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The Docklands will sit atop the newly renamed and revamped District Docklands shopping centre, featuring retailers such as H&amp;M and a soon-to-be-completed cinema complex.
Capital Alliance founder and chief executive Mohan Du said The Docklands development would appeal to a broad demographic of business and leisure travellers of all ages while the much larger than average residential apartments were already tempting downsizers and young families to the convenience of apartment living.
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“The city’s newest five-star hotel will enliven Docklands with its shared facilities for guests and residents that blur the lines between hotel and residential living, reflecting similar trends in mixed-use development that have reshaped the industry in New York and London,” Du said.
Construction on The Docklands project is expected to begin this year and the opening of the hotel in late 2020. 
 
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jrobinson-rf4aSBido9

First images of the first Marriott to be built in Australia in two decades

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Sydney is set to welcome its first Hotel Indigo in its CBD.
The hotel, signed by IHG and Watson Elite, is set to open in 2021.
The press release noted that 'no two Hotel Indigo properties are the same' and it will draw on the rich heritage of Sydney's Central precinct.
Hotel Indigo Sydney Central’s design will draw its unique identity from the neighbourhood’s rich heritage and the nuances of the site.
The cantilevered northern wing will provide a backdrop to its neighbour, the heritage-listed Corporation Building, while a grand artwork will become a distinctive external feature, celebrating the hotel’s location within the Haymarket entertainment precinct.
Inside, the design will ensure the hotel fits naturally into the neighbourhood, telling stories of the local culture by weaving together rich materials, colour palette and custom pieces from local artists, photographers and furniture makers. 
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The 168-room hotel will include a restaurant, café and bar which will echo the produce markets were located in Haymarket from the early 20th century through to the 1980s. 
It will also include five suites, rooftop terraces for meetings and events with views over the city and a gym.
IHG's Abhijay Sandilya said he expects the hotel to become one of Sydney's leading boutique hotels.
“Hotel Indigo Sydney Central will be IHG’s first lifestyle-branded boutique hotel in Sydney, providing its signature ‘effortless authenticity’ to guests visiting Australia’s largest business and tourist hub," he said.
"It’s also the third Hotel Indigo signing for Australia, demonstrating the appetite for a hotel that offers a local and unique experience as well as the reassurance of a global hotel chain.” 
“We expect Hotel Indigo Sydney Central to become one of the city’s leading boutique hotels, making its mark thanks to its unique, eclectic style.
"It will perfectly complement our existing midscale to luxury IHG assets across this landmark city, building IHG’s scale in Australia’s largest city.”
Launched in 2004, Hotel Indigo is the world’s first globally branded boutique hotel brand.
It launched in Asia Pacific in January 2015 with the opening of Hotel Indigo Bangkok Wireless Road, Thailand, followed by the opening of Hotel Indigo Singapore Katong, Singapore in July 2016 and then Hotel Indigo Bali Seminyak Beach in late 2017.
There are currently 82 Hotel Indigo properties (10,645 rooms) in the global pipeline. 
 
 
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Sydney next to welcome Hotel Indigo

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Philippe Starck has revealed plans for a 14-storey hotel in the French city of Metz, with an 18th-century-style house on the roof.
Metz mayor Dominique Gros, the internationally acclaimed creator <a href="http://www.starck.com/en?i=maison-heler-an-out-of-scale-phantasmagoric-architecture-in-the-dynamic-city-of-metz" target="_blank">Philippe Starck</a> and Hilton unveiled their plans for the distinctive, <a href="https://maison-heler.com" target="_blank">Maison Heler Metz</a>, Curio Collection by Hilton at last week's MIPIM.
Located on Metz’s former freight station, Maison Heler Metz is the most ambitious urban planning development launched in the region for a century. 
 The 14-story hotel has secured a €22.5 million investment led by Yvon Gérard and a consortium of investors. 
“Maison Heler Metz is a unique property, the design of which perfectly captures the spirit of our handpicked Curio Collection by Hilton hotels. 
"This will be Metz’s first high-end hotel opening in a number of years, and an impressive addition to our portfolio in France, which continues to be the most visited country in the world,” said Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton. 
Curio Collection by Hilton is made up of hotels selected for their unique character. 
Maison Heler Metz joins more than 20 Curio Collection by Hilton hotels, trading or under construction properties in Europe.
In the heart of the newly developed Quartier de l'Amphithéâtre, Maison Heler Metz will be the first hotel entirely created and developed from the ground up by the famed French creator.
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Starck imagined a habitable, surreal and poetic work of art, which he antiquates becoming a strong symbol for the region. 
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“This project is an ‘out-of-scale’ phantasmagoric architecture,” said Philippe Starck.
“It's a game about uprooted roots, a symbolic construction of the Lorraine region.”
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The monolithic and monochromatic building will be topped by an 18th century traditional Alsatian home. 
The house atop the 14th floor will include a rooftop terrace and garden, peppered with local trees.
The house will hold a restaurant and lounge bar. 
There will be 119 guest rooms and suites. 
“Philippe Starck is a pioneer of international design and we are very proud to be working with him on this project,” said Yvon Gerard, co-founder of Maison Heler and leader of the project. 
The hotel is part of the social, ecological and economic development of Metz, in a new neighborhood dedicated to culture, housing and business. 
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jchancellor-FAypfDUnLy

Philippe Starck's first hotel for France

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Should Salta Properties gain approval, it will have the right to deliver Mulgrave's first hotel of any note.

Late last year the developer initiated a planning application for a mixed-use building at its Nexus Corporate office park that abuts the Monash Freeway. Under its 12 Nexus Unit Trust entity, Salta Properties is seeking to add the substantial 14 level tower for the purposes of serving the current and future predominantly commercial buildings in the immediate precinct.

Dominated by low-rise campus-style office buildings, 12 Nexus Court would be comfortably taller than any surrounding buildings at 48 metres in height. 

To that end, project architects Technè and Gray Puksand have pushed the project to a heightened degree of design prowess relative to its neighbours; 12 Nexus Court is effectively expected to become Nexus Corporate's showpiece building. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image314.jpg" rel="gallery-all" title="12 Nexus Court. Planning image: Technè - Gray Puksand"><img alt="" class="image-article-full-width-580px" height="289" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image314.jpg?itok=fOcGNl4u" title="12 Nexus Court. Planning image: Technè - Gray Puksand" width="580"></a>

<figcaption>12 Nexus Court. Planning image: Technè - Gray Puksand</figcaption></figure>The 139 residential hotel rooms span levels 8 to 14, with the 'pod' aspect of the design defined by distinctive overhangs and a serrated or modular-like facade.

According to Hollerich Town Planning "the residential hotel component has specifically been designed so as to present as a built form element with a different appearance, using clearly different materials and colours and a rectangular form against the curved nature of the podium and office elements."

It's the curved podium that holds the balance of 12 Nexus Court's uses. A porte-cochere, lobby, bar, lounge, end of trip facilities and bicycle parking are present at ground level. Thereafter the bulk of the structure accommodates 387 car parking spaces and 1,821 square metres of office space across levels 8 to 10.

A gym and substantial ASPECT Studios-designed landscaped area atop the podium accounts for the area between the office and residential hotel.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_8090.jpg" rel="gallery-all" title="10 Nexus Court is approaching completion"><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_8090.jpg?itok=3uKkoTvq" title="10 Nexus Court is approaching completion" width="580"></a>

<figcaption>10 Nexus Court is approaching completion</figcaption></figure>12 Nexus Court is seemingly in stark design contrast to the adjoining office building. The latest project approaching completion for Salta Properties at their Mulgrave corporate park is 10 Nexus Court, which is in the hands of builder Hacer.

The purely commercial office building spans 5 levels or 8,370 square metres and maintains an almost regimented aspect to Springvale Road and the Monash Freeway. 10 Nexus Court's strong vertical lines will contrast against the finer horizontal lines that stand out as one of 12 Nexus Court's stronger visual features.

10 Nexus Court is also the design of Gray Puksand.
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silvermb

Salta pursues Mulgrave's first hotel

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Moelis Australia is weighing up an ASX listing of the Redcape Hotel Group this year.
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In July 2017, a Moelis Fund acquired the Redcape Hotel Group for $676m representing an asset level capitalisation rate of 9.6%. 
Redcape is the second largest gaming hotel operator in NSW and consists of 25 hotels, 22 of which are located in NSW and 3 in Queensland. 
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Moelis' chief executive Andrew Pridham confirmed Moelis' intention to consider a listing for Redcape in 2018, but said the ultimate decision would depend on market conditions.
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Moelis acquired Redcape from US hedge fund owners Varde Partners and York Capital.<a href="http://www.afr.com/real-estate/commercial/hotels-and-leisure/moelis-snaps-up-redcape-pubs-for-667m-plans-ipo-20170628-gx0k4x#ixzz4ptVxw3jV" title=""></a>
Redcape had a property portfolio comprising of 82 properties including 71 pubs and 11 shops based mainly in Queensland and NSW, with a small number of properties in Victoria and SA in 2011.
In 2011 the hedge fund consortium bought 38% of Redcape's $645 million worth of secured senior debt for around $200m and also acquired all of the $157 m worth of debt of National Leisure and Gaming, Redcape’s major tenant for between $ 35m and $40m.
The listed pub sector was battered during the GFC.
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j.ballantyne1990-6AQqhLzZaK

Moelis eyes ASX listing of Redcape Hotel Group

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A long-term lease has become available for the heritage Bridge Hotel building in Werribee.
Rick Berry and Stuart Kennett of Fitzroys are handling the campaign, closing March 21, on behalf of Wyndham City Council.
The two-storey Art Deco heritage building was built in 1926.
It comprises five main ground-floor bar and function areas across 602 square metres and 10 first-floor rooms over 186 square metres.
A 40 year-lease of two 20-year terms is available.
It is next to the newly constructed West End Car Park that provides 200 free public parking spaces.
Werribee has been further enhanced by the $275 million Wyndham Harbour marina and ecologically sustainable residential community project.
The development of four Catalyst Sites at Riverbend, Gateway and Cherry Street will bring to the Werribee City Centre $250 million of private investment, 600 new jobs, 700 new apartment residents, 100 serviced apartments to accommodate visitors, 1,400 new public and private parking spaces, 150 room Holiday Inn hotel, and a new Werribee Library and Integrated Community Learning Hub of more than 8,000 square metres. 
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Bridge Hotel, Werribee available for long-term lease

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iProsperity (iPG) has listed its Park Regis Hotel asset in Sydney with offers due March 13.
The 122-room hotel stratum comprises 10 levels of the 45-level mixed-use tower.
Located at the corner of Park and Castlereagh streets, the hotel comes with an outdoor rooftop pool along with 39 car spaces. 
iPG Group CEO, Michael Gu said Sydney’s hotel market remains "the red-hot stand-out performer in the Asia Pacific region".
iPG purchased it in 2016.
The hotel is being offered with a management agreement with Staywell Holdings, a subsidiary of the Japan-based Prince Seibu group, which provides an annual underwrite of the trading performance until the end of 2021.
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Park Regis Hotel placed on the market by iPG

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As mentioned during Episode 2 of the Apartments.com.au <a href="/guides/weekly-podcast-episode-2-development-by-tram-rmit-nas-and-leonard-teplin">podcast</a>, new images have emerged on the forum for The Walk Arcade redevelopment, located in the heart of the city in Bourke Street Mall and extending through to Little Collins Street.

This has coincided with <a href="https://www.propertyobserver.com.au/https://lodgement.planning-permits.delwp.vic.gov.au/public/detail/838">an application being submitted </a>to DELWP on the 9th February for "Alterations, additions (including partial demolition) to existing buildings for the purposes of retail premises, residential hotel and gym." 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_walk_arcade_street_view_bourke_street_mall.jpg" rel="gallery-all" title="The current condition of both Bourke Street Mall and Liittle Collins Street frontages. Images : GoogleMaps"><img alt="" class="image-article-full-width-580px" height="264" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/the_walk_arcade_street_view_bourke_street_mall.jpg?itok=qt5mbHLD" title="The current condition of both Bourke Street Mall and Liittle Collins Street frontages. Images : GoogleMaps" width="580"></a>

<figcaption>The current condition of both Bourke Street Mall and Liittle Collins Street frontages. Images: GoogleMaps</figcaption></figure>According to the <a href="http://www.afr.com/real-estate/the-walk-arcade-owner-hua-sin-tay-plans-hotel-20171031-gzbmkb">AFR late last year</a>, the Singaporean owner has plans for a major overhaul of the well-known shopping mall that looks set to include a new hotel, replacing the existing red-brick warehouse which extends to Little Collins Street.

Without access to detailed plans, the extent of demolition of other heritage structures is not yet fully clear aside from the ground and first floors.

In preparation for the redevelopment, owner Hua Sin Tay - who paid $18 million for the Walk Arcade in 1993 - has signed up a series of pop-up stores to take over vacancies from departing tenants for 12 months through to Christmas of this year.

The 20 or so remaining tenants have leases with development clauses says the AFR article. It goes on to say that should development plans be approved, it is expected the arcade would be shut down completely to make way for the redevelopment.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thewalkhotel.jpg" rel="gallery-all" title="The Walk Hotel as seen from Little Collins Street. Image : "><img alt="" class="image-article-full-width-580px" height="520" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/thewalkhotel.jpg?itok=wcYx8YWZ" title="The Walk Hotel as seen from Little Collins Street. Image : " width="580"></a>

<figcaption>The Walk Hotel as seen from Little Collins Street. </figcaption></figure>The design as indicated in the renders would replace an earlier scheme by Artisan Architects, with a focus on activating Union Lane with glazed shopfronts. Currently a narrow thoroughfare, Union Lane is characterized by its blank walls and roller doors covered in street art and tags. 

The only element of the Artisan Architects design is the entry canopies to Bourke Street which were installed as part of the first stage of works, almost five years ago. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/artisan_architects_walk_arcade_canopies.jpg" rel="gallery-all" title="Entry canopies were installed along Bourke Street Mall as part of Stage 01 works. Image : Artisan Architects"><img alt="" class="image-article-full-width-580px" height="372" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/artisan_architects_walk_arcade_canopies.jpg?itok=8OvaWAP_" title="Entry canopies were installed along Bourke Street Mall as part of Stage 01 works. Image : Artisan Architects" width="580"></a>

<figcaption>Entry canopies were installed along Bourke Street Mall as part of Stage 01 works. Image: Artisan Architects</figcaption></figure><blockquote>
Situated in the heart of the Melbourne CBD on the Bourke Street Mall, this project involves the refurbishment of seven existing buildings above the Walk Arcade and the construction of a new 10 storey building on Bourke Street. Once completed, the development will provide 466 new apartments and 1500 m2 of extra retail space in the mall.

The project presents a well-considered response to the difficulty of placing a residential complex in the heart of a commercial precinct. The new 10-storey building uses a vertical screen to provide visual privacy to the apartments as well as sun protection.

At the lower level, the screen is used as a backdrop to a full size photographic image of the building that occupied the space in the 1920's. At night time, the new building will become a lantern on Bourke Street Mall with the screen revealing the activities behind.

- Artisan Architects
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/artisan_architects_walk_arcade.jpg" rel="gallery-all" title="Artisan Architects' unbuilt scheme for The Walk Arcade as seen from Bourke Street Mall. Image : Artisan Artchitects"><img alt="" class="image-article-full-width-580px" height="362" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/artisan_architects_walk_arcade.jpg?itok=NNaHbh_e" title="Artisan Architects' unbuilt scheme for The Walk Arcade as seen from Bourke Street Mall. Image : Artisan Artchitects" width="580"></a>

<figcaption>Artisan Architects' unbuilt scheme for The Walk Arcade as seen from Bourke Street Mall. Image: Artisan Architects</figcaption></figure> 
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Laurence Dragomir

Updated designs for The Walk Arcade & Hotel revealed?

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The Whitsundays Island Hayman is set to be rebranded an InterContinental Resort after its previous operator, the Kerzner Group’s high-profile One&amp;Only Group, cut ties with the island’s owner.
Hayman Island will be rebranded an InterContinental Resort when it reopens after a massive renovation due to the damage sustained from Cyclone Debbie.
It is currently accepting reservations from 1st March 2019 but hopes to be welcoming guests from late 2018.
The high-profile Great Barrier Reef resort had been rebranded a One&amp;Only resort in 2014 amid much fanfare following an $80 million refurbishment.
Hayman Island’s owner, ­Malaysian conglomerate Mulpha Australia, offered up the management rights to its portfolio last year.
The Australian reported three parties were short-listed for the prized management rights to its four eastern seaboard hotels and resorts.
The American hotel giant Marriott was among the short-listed, but incumbent operator IHG successfully won the rights to the Mulpha properties and will continue to operate the Sydney and Sanctuary Cove resort hotels under the InterContinental brand.
Mulpha’s Rydges Hotel in Cairns would remain under a Rydges hotel.
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InterContinental to take over Hayman from One&Only

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Perth restaurateur Nic Trimboli and property developer Adrian Fini have bought the historic Coogee Hotel.
The 118 year old premises were bought from Main Roads WA for $2.3 million.
They intend to embark on a restaurant venture at the 6660 sqm site.
When the WA State Government bought the Coogee Hotel in 1981, it intended to pull it down and build a road through the site.
The hotel, located in Coogee, seven kilometres south of Fremantle, was built around 1899 by local identity Walter Powell.
It became known as “the honeymooners’ hotel” because it was popular with newlyweds for its gardens and proximity to the beach. Powell died in 1923, and in 1927 the Coogee Hotel was closed after the De-Licencing Board decided there were too many hotels in the area. The hotel became an orphanage which closed in 1969.
It was heritage-listed in 2001 and the restored as part of the State Government’s $4 million Revolving Fund, a scheme to reactivate languishing publicly owned heritage buildings.
The <a href="https://www.commercialrealestate.com.au/property/371-cockburn-road-coogee-wa-6166-2013155744" target="_blank">heritage hotel offering </a>listed for sale at $2.4 million has a lettable area of 400sq m.
The nearby Woodman Point Recreation Reserve attracts 350,000-500,000 visitors per year.
Trimboli and Fini, who are also co-founders of Little Creatures brewery, hope to complete their plans for the Cockburn Road property by mid-2018.
 
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