<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.</p>

<p>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.</p>

<p>“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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.</p>

<p>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.</p>

<p><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" /></p>

<p>“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.</p>

<p>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.</p>

<p>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.</p>

<p>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>.</p>

<p><em>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></em></p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.”</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p>Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;</p>

<p>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;</p>

<p>“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;</p>

<p>“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."</p>

<p>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;</p>

<p>"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;</p>


Bottega House secures landmark riverfront site in St Lucia 

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<p data-end="157" data-start="0">The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.</p>

<p data-end="459" data-start="159"><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.</p>

<p data-end="459" data-start="159">[smartcode_project:default project_id=112661 project_image_fid=359603]</p>

<p data-end="651" data-start="461"><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.</p>

<p data-end="950" data-start="653">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.</p>

<p data-end="1081" data-start="952">“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.</p>

<p data-end="1081" data-start="952">[smartcode_project:default project_id=112661 project_image_fid=355935]</p>

<p data-end="1307" data-start="1083">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.</p>

<p data-end="1522" data-start="1309">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.</p>

<p data-end="1522" data-start="1309">[smartcode_project:default project_id=112661 project_image_fid=361052]</p>

<p data-end="1714" data-start="1524">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.</p>

<p data-end="1945" data-start="1716">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.</p>

<p data-end="1945" data-start="1716">[smartcode_project:default project_id=112661 project_image_fid=359607]</p>

<p data-end="2220" data-is-last-node="" data-is-only-node="" data-start="1947">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.</p>
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</section>

<p>[smartcode_project_cta:default project_id=112661]</p>


SIERA kicks off construction at Northcliffe tower Exhale

<p data-end="320" data-start="79">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>.</p>

<p data-end="638" data-start="322">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.</p>

<p data-end="864" data-start="640">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.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352689]</p>

<p>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.</p>

<p><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."</p>

<p>“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.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352687]</p>

<p><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.</p>

<p>“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.”</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352690]</p>

<p>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.</p>

<p>“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.</p>

<p><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.</p>

<p>[smartcode_project_cta:default project_id=112343]</p>


Eastern Suburbs buyers snap up ESTE Little Bay apartments

Hotel

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<p>The infamous Bourbon nightclub in Kings Cross is set for demolition following a redevelopment proposal for a $47 million luxury eight storey apartment block.</p>
<p>It would be the end of an era for the standalone hotel that comes with more folklore than any other in Sydney since being opened in 1967 by Bernie Houghton.</p>
<p>The <span class="m_-4462631763877072612gmail-il">Bourbon</span> premises, initially the haunt of US servicemen on R&amp;R, then colourful underworld Sydney identities, more recently had a reputation for late night sporting star fistacuffs as it was among Sydney's first seven days 24-hour licenced premises.</p>
<p>It was in the late 1990s when cricketer Ricky Ponting, four years after his Test debut, was involved in a fight which left him with a black eye. Drag queen Carlotta happily gave her insights into the night to the inquiring news hounds.</p>
<p>"Everyone who drank there has a Bourbon &amp; Beefsteak story," writer Paul Ham once suggested, adding Ponting's "sobering experience helped put the young cricketer back on the path to greatness."</p>
<p>Local novelist Louis Nowra wrote that between 1988 and 1996 the Kings Cross police were called to the venue no fewer than 550 times.</p>
<p><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/2017/12/19/KC.jpg" alt=""></p>
<p>(Source Sydney City Council Archives)</p>
<p>But having spent $66 million on his substantial five building site amalgamation, developer Sam Arnaout isn't sentimental instead seeing himself as the king of the emerging residential rejuvenation of the Darlinghurst Road strip. </p>
<p>The only nod to the past in the proposed plans was keeping the curved facade of the former 1965 Les Girls hotel, in accordance with Sydney City Council's determination of its supposed significance.</p>
<p>Arnaout's Iris Capital proposes 83 apartments and 101 car parking spaces, plus retail premises and two licensed bars. It is proposed the reincarnated Bourbon will have up to 400 patrons and the Empire some 920, as it the mixed use application seeks to navigate the twin outcomes of liquor outlets and quiet residential living.</p>
<p>Residents point out the nearby Rex, on the other side of the fountain, did not keep its barn style liquor outlet in its residential redevelopment by the O'Neil family.</p>
<p><span>Chris Corradi</span><span>, the Sydney City Council area planning manager, gave Iris Capital pre-application advice on t</span>he proposal that seeks:</p>
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<p><span>1Bedroom </span></p>
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<p><span>26 </span></p>
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<p><span>2Bedroom </span></p>
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<p><span>45 </span></p>
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<p><span>9 </span></p>
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<p><span class="m_-4462631763877072612gmail-il">Arnaout</span> now controls the expanded northern entry of the Cross, from the Fountain Cafe at Kingsley Hall on Barncleuth Square through to the Empire Hotel on the Roslyn Street corner, but he missed out on securing the Lido building which would have made the site rectangular. His site is 2500 sq m.</p>
<p>The proposal also sees the demolition of the adjoining former Sydney Swans Club.</p>
<p>Arnaout seeks to increase the site density. The current floor area is 5856 sqm. The application seeks an extra 1865 sqm, taking the density to 6936 sq m. </p>
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<p><span>There is currently some 656 sqm </span><span>of retail floor area on the site and a further 5,200 sqm </span><span>of pub floor area associated with the two licensed premises. The Bourbon is currently 4000 sq m space. It proposes the new liquor premises will have a combined </span>1,280 sqm space.</p>
<p><span> </span></p>
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<p><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/2017/12/19/FAC1.jpg" alt=""></p>
<div>Residents are likely to strongly oppose the demolition of the heritage buildings dating back to 1896, <a href="https://online.cityofsydney.nsw.gov.au/DA/IndividualApplication?tpklapappl=1332824" target="_blank">but have only until January 24</a> to lodge submissions to the council.</div>
<p>The Greenland development group bookend the nightclub strip where the Crest redevelopment, Omnia is under construction with the Chinese developer having secured an $11 million penthouse sale, highlighting the potential of the rundown location.</p>
<p>Arnaout had owned that site too, but flicked it.</p>
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<p>Arnaout bought the Bourbon for $24 million from publican Christopher Cheung who said the lockout laws had influenced his decision to sell the property.</p>
<p>The proposed apartment block has been a collaborative design by SJB Planning, Urbis Heritage and Woods Bagot Architects. </p>
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jchancellor-FAypfDUnLy

Last drinks for Bourbon at Kings Cross with eight storey apartment redevelopment plans

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<p>The Rocksia Hotel in the Sydney inner west Sydney has been sold for $36 million.</p>
<p>It sold after less than two weeks on the market with Feros Hotels selling the property to Oscars Hotels, which is led by brothers Bill and Mario Gravanis.</p>
<p>The hotel at 299 Princes Highway in Arncliffe sold on just less than 8% yield.</p>
<p><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/2017/12/6/Rocksia.jpg" alt=""></p>
<p>The former car showroom and sale yard was converted into hotel 10 years ago after the 4218 square metre site was bought for $5.6 million by Nick and Chris Feros with long-time business partner Bob Richards.</p>
<p>More than $900 million in pub transactions have occurred across NSW in the past 18 months.</p>
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Rocksia Hotel, Arncliffe sold by Feros Hotels

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<p>Melbourne property developer, Steller, has entered into a joint venture partnership with hotelier Julian Gerner, to renew the Continental Hotel in Sorrento. </p>
<p>The Victorian landmark has been withdrawn from its current sales marketing campaign which saw a leaseback as a prospect.</p>
<p>It will will undergo total restoration, renovation and refurbishment. </p>
<p>Steller's Nicholas Smedley said the building works will complement and enhance the existing heritage.</p>
<p>It seems Steller had a close eye on the historic hotel since Julian announced plans for restoration. </p>
<p>Julian Gerner acquired the hotel early in 2015, purchased a neighboring parcel of land and obtained heritage and planning approvals to redevelop the site earlier this year.</p>
<p>"I am very proud to be the new custodian of the Continental Hotel and to breathe life back into a Sorrento landmark,” Smedley said. </p>
<p>Construction commences in 2018 with plans for a soft launch in the summer of 2018/2019.</p>
<p>Located at 1-21 Ocean Beach Road, the Continental Hotel is believed to be the largest limestone structure in the Southern hemisphere.</p>
<p>It is National Trust-listed having been built in 1875 by the ‘Father of Sorrento’ comedian, actor, entrepreneur and politician, George Coppin.</p>
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Smedley deal sees Continental Hotel Sorrento pulled from sale

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South Melbourne's Water Rat Hotel sold

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<p>The Oxford Hotel’s leasehold is up for sale in Sydney’s Darlinghurst. It enjoys annual revenues in excess of $2.3 million per annum with a 24 hour liquor licence with 21 gaming machine entitlements.<br><br>There are 24 years remaining on the lease (4 year initial term with 4 x 5 year options).</p>
<p>"It is c<span>urrently operated under management - and would benefit from a more focused operator," the marketing agents advise.</span></p>
<p><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/2017/11/24/Ox3.jpg" alt=""></p>
<p>The hotel has had a recent $1 million renovation and refurbishment.<br><br>It has 874 sqm GLA spread across four expansive levels - with an approved patron capacity of 670 people - including two bars, a cocktail lounge and a live performance area.</p>
<p><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/2017/11/24/Ox4.jpg" alt=""></p>
<p>The corner location on Taylor Square provides future retail and commercial uses.</p>
<p>In 2007 the property was valued at $36 million. </p>
<p>It was listed for outright sale in 2014.</p>
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Oxford Hotel in Darlinghurst leasehold listed for sale

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<p>The Schaller Studio has been officially rebranded as a Quest property, set to be called the Quest Schaller Hotel Bendigo.</p>
<p>Located at the corner of Lucan and Bayne Street, the property comprises 120 hotel rooms, an onsite gym, meeting room facilities and landscaped gardens.</p>
<p>Schaller artwork features in every hotel room.</p>
<p><span style="font-size: 12.16px;"><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/2017/11/23/BENDIGO2.jpg" alt=""></span></p>
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<p>Quest CEO, Zed Sanjana was pleased to formally announce this addition to the Quest Apartment Hotels group, highlighting Quest’s firm belief in the strength of Bendigo’s economy.</p>
<p>“With two Quest properties already operating in Bendigo, the addition of Quest Schaller Hotel Bendigo further exemplifies the robust confidence we have for growth in the area. With this addition to the network, Quest will effectively own the premium accommodation segment in Bendigo.</p>
<p>"Furthermore, with ongoing infrastructure development in the area, Quest’s three unique properties are well placed to cater to increased business and leisure travellers to the City of Greater Bendigo,” Mr Sanjana said.</p>
<p>Franchisees, Rohit Sharma and Ashish Kapoor, who are also the franchisees of Quest Bendigo and Quest Bendigo Central, expressed their excitement about adding a very different style property to Quest’s Bendigo portfolio.</p>
<p>“Quest Schaller Hotel Bendigo offers hotel room accommodation, as opposed to Quest’s traditional accommodation offering of fully self-contained serviced apartments. The property has an on-site restaurant and bar facility, providing an additional point of difference compared to the two established Quest Apartment Hotel properties in Bendigo.</p>
<p>"We believe that Quest Schaller Hotel Bendigo will be a complimentary addition to the other Quest properties in Bendigo, as it will provide an alternate accommodation solution for Quest’s transient, leisure and short-stay guests,” Mr Kapoor said.</p>
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The Schaller Studio officially rebranded as Quest property in Bendigo

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<p>The grand Mornington Peninsula landmark, the 1875-built Continental Hotel is set to be listed for sale.</p>
<p>It is being marketed through CBRE and Sotheby's International with reputed $20 million hopes.</p>
<p>"‘The Continental Hotel - one of the Australia’s best mixed use development opportunities - is about to hit the market with all the hard work completed," Sotheby's agent <a href="https://ink361.com/app/users/1474484720/peninsulaproperties/photos/1634081677990916368_1474484720" target="_blank">Rob Curtain advised his Instagram followers</a>.</p>
<p>The hotel is being offered by the hotelier Julian Gerner, who acquired it for $15 million plus mid-last year.</p>
<p><span>Gerner had plans of adding a apartment building, a wellness centre and cafe, yoga deck, lap pool, along with 38 new hotel rooms, a modern public bar, an up-market restaurant, and two function rooms, aimed at the peninsula’s booming tourism, wedding, golf and winery tour markets.</span></p>
<p><span>He told the local paper earlier this year that </span>he would “absolutely see through” after approvals have been received.</p>
<p class="p2">“We took the case to VCAT and are pleased they found in our favour,” he said.</p>
<p class="p2">“I’ll have to start raising the money now but, mostly, my part is done for a while.</p>
<p class="p2">“The finance side is far too technical for me and will be done by others. Works will start when [the project] is fully funded.”</p>
<p class="p2">Gerner, who runs restaurants and a wine store opposite the Sorrento foreshore, <span>made a name at the Melbourne Pub Group before sea-changing to </span><span>Sorrento</span>.</p>
<p class="p2">The Continental Hotel closed in May for its redevelopment.</p>
<p>Prospective buyers have been advised the vendor of The Continental Hotel was interested to take up a long term lease over the hospitality and commercial components of the completed Continental development.</p>
<p>The operation would include the hotel, restaurant, cafe, car park, retail, bottle shop, wellness centre and pool facility.</p>
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<p>Its indicative commencement rent was $1,800,000 plus GST and outgoings. </p>
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Sorrento's Continental Hotel makes quick return to market with VCAT approvals

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<p>AccorHotels will take over the management of Crowne Plaza Adelaide and rebrand the hotel to Pullman Adelaide.</p>
<p>The change comes into effect 1 October 2017.</p>
<p>The hotel, 16 Hindmarsh Square has 308 guestrooms, restaurant and bar as well as meeting room facilities. It will become AccorHotels’ 15th Pullman hotel in Australia. </p>
<p>Simon McGrath, Chief Operating Officer of AccorHotels Pacific, said for some time we have been looking to bring the Pullman brand to South Australia, and through our relationship with the Hines Property we are thrilled to be operating Pullman Adelaide.</p>
<p> </p>
<p>“We are very proud to be partnering again with Hines Property to bring such a prominent, well respected brand to the city of Adelaide which continues to see strong levels of tourism growth, thanks to strong leadership by the Weatherill government and investment in infrastructure,” he said. </p>
<p>“Pullman is now the fastest growing upscale brand in Asia Pacific and over the last three years, our Australian network of Pullman hotels has grown 77 percent.</p>
<p>"With the strength of our distribution and loyalty platform, we are excited to be growing our network in Adelaide and giving our guests even more reason to travel to South Australia.</p>
<p>James Hines, Managing Director of Hines Property said partnering with AccorHotels and the Pullman brand will enable the hotel to move from a 4.5-star offering to 5 stars.</p>
<p>“We have already forged a fantastic local partnership with AccorHotels through their management of Hines Property’s award-winning ibis Adelaide, so we’re really pleased to now be able to build on this relationship through the Pullman brand and further enhance the hotel as one of Adelaide’s finest,” he said. </p>
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AccorHotels take over Crowne Plaza Adelaide management, announce rebrand

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<p>Asian travellers, mainly from China, Japan and Malaysia, drove double digit growth in both Visitors and Visitor Nights, according to Savills’ latest Hotel Market report.</p>
<p>For the year to date 2017, Sydney had the highest Average Daily Rate (ADR) at $227.24 with an occupancy of 85.8 percent, well above the national average occupant of 74.5 percent and ADR of $185.06.</p>
<p>Growth was impressive for most cities, with Cairns at the top with an ADR growth of 7.4 percent followed by Canberra at 6.6 percent.</p>
<p>Sydney had a 5.5 percent growth, but Melbourne’s was surprisingly low at just 1.1 percent.</p>
<p>Among the capital cities, only Perth, Brisbane and Darwin showed falls in their ADRs with Perth highest with an 8.4 percent drop.</p>
<p class="p2"><a href="https://www.propertyobserver.com.au/images/2017/07/26/SavillsADR.png" target="_blank"><span class="Apple-converted-space" style="font-size: 12.16px;">Click to enlarge</span></a></p>
<p class="p2"><span class="Apple-converted-space" style="font-size: 12.16px;"><img src="https://www.urban.com.au/images/2017/07/26/SavillsADR.png" alt=""></span></p>
<p><span style="font-size: 12.16px;">Highlights</span><span class="Apple-converted-space" style="font-size: 12.16px;"> </span></p>
<ul>
<li>Sydney wide market establishes a RevPAR, or revenue per available room gap of $40+ over next best market performers (Melbourne wide market)<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
</li>
<li>Sydney Luxury hotels achieved 89% Occupancy and $353 ADR, contributing to double digit RevPAR growth of 10.4% to record $315 RevPAR, which is $40+ ahead of Melbourne’s Luxury market (90% Occupancy, $304 ADR and $273 RevPAR).</li>
<li>Melbourne continues its struggle to grow occupancy (as new hotel supply and generic apartment product enters the market).<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
</li>
<li>Hobart maintains its leisure destination popularity and achieves third highest RevPAR of $152 across Australia.</li>
<li>Canberra government and corporate activity boosts room night demand to drive highest RevPAR growth for the period.</li>
<li>Gold Coast grows ADR and holds RevPAR despite softer demand.</li>
<li>Adelaide continues its steady RevPAR growth performance buoyed by room night demand growth<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
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<li>Cairns lures Chinese visitors to record the second highest RevPAR growth for the period<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
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<li>Brisbane ADR’s fall as hotels fight to hold/ attract business<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
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<li>Darwin builds occupancy on room night demand growth as ADR falls to achieve static RevPAR<span class="Apple-converted-space" style="font-size: 12.16px;"> </span>
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<li>Perth occupancy and ADR fall as new supply exceeds room night demand growth</li>
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Sydney well ahead of other Australian cities in hotel rates and revenue: Savills

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<p>An three level hotel at Darlinghurst has been listed for sale.</p>
<p>Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-darlinghurst-502305458" target="_blank">122 Flinders Street</a> the award winning pub, The Local Taphouse, is a pioneer in the Sydney beer market.</p>
<p>It has a brand new 20 year lease, including options, along with $54,000 per week in weekly revenue.</p>
<p>Featuring several bar areas, kitchen and a rooftop terrace the property is also centrally located to Oxford Street, the CBD and the Sydney Sports Grounds.</p>
<p>The Darlinghurst pub has won numerous awards, including from <em>Time Out</em>, for its impressive craft beer selection, numbering in excess of 200 options.</p>
<p>The pub's elder sister is on Balaclava Road, St Kilda.</p>
<p>The property is offered through Ray White agents Blake Edwards and Xavier Plunkett.</p>
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