<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

[smartcode_project:default project_id=140491 project_image_fid=284542]

S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

[smartcode_project:default project_id=136992 project_image_fid=293151]

The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

[smartcode_project_cta:default project_id=136992]

Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Lendlease

<html><body>
Leadlease will build a new waterfront residential development in Victoria Harbour named Collins Wharf.
The Victoria Harbour development will extend Collins Street to the water’s edge, and feature more than 25,000sqm of public space, a health and wellbeing centre with public swimming pool and gym, low rise waterfront offices and around 1,500 new residences.
Residences will span five buildings, and feature one, two and three bedroom apartments as well as four level town homes lining Collins Street.It is masterplanned by architects Jackson Clements Burrows (JCB) in collaboration with Aspect Oculus.
<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/2017/03/10/Yarra%20Walk.jpg" alt="">
Mark Menhinnitt, managing director of Urban Regeneration, Lendlease, said the Collins Wharf development will take advantage of Victoria Harbour’s existing retail and public space, including Library at The Dock, Community Hub at The Dock, Knowledge Market and more than 80 dining and entertainment options – while adding diverse new public spaces,” he said.
“The design of this precinct offers future residents panoramic views and world-class public realm that maximises the unique waterfront location," he said.
"Once complete, a pedestrian and cyclist promenade will enable people to walk, cycle or run all the way around the 2.5kms of the Victoria Harbour waterfront.
<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/2017/03/10/Eco%20Park%202.jpg" alt="">
“Following our consultation with the local community in 2015 and engagement with authorities over the past 18 months, I’m confident that our Collins Wharf vision will present one of Melbourne’s most desirable locations for residents, visitors and local workers to enjoy.”
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

New residential neighbourhood to bring Collins Street to the water

<html><body>
Lendlease is set to push ahead with the final stage of its Victoria Harbour development at Docklands, after receiving Ministerial approval for its Collins Wharf master plan earlier this week.

The primarily residential master plan for Collins Wharf will include an extension of Collins Street down the peninsula to the water’s edge, servicing more than 25,000sqm of public realm. A health and wellbeing centre with public swimming pool and gym, low rise waterfront SOHO's and approximately 1,500 new residences can be expected within the new waterfront neighbourhood.

Jackson Clements Burrows (JCB) in collaboration with Aspect | Oculus have developed the master plan, deliverable over five stages or 8 years. Collins Wharf's unique location along the end of the Victoria Harbour peninsula provides future built form the opportunity for dual waterfront aspects - the Yarra River to the south and Victoria Harbour to the north. 

The master has been designed to respond to the site’s history, built form and vernacular in a contemporary reinterpretation, with maritime-inspired roof forms and brick and timber textures - a reference to the site's industrial past. Additionally, sustainability remains a key driver for the precinct following Victoria Harbour’s recent achievement of a 6-star Green star Communities rating from the Green Building Council of Australia.

The already under construction No. 1 Collins Wharf, designed by Bates Smart, forms part of the existing Victoria Harbour master plan.

<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/victoriaharbour_s060_photomontage_03_final_2000.jpg" rel="gallery-all" title="Victoria Harbour + Collins Wharf approved Master Plan. Image: Lendlease"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/victoriaharbour_s060_photomontage_03_final_2000.jpg?itok=d3HbhdfW" title="Victoria Harbour + Collins Wharf approved Master Plan. Image: Lendlease" width="580"></a>

<figcaption>Victoria Harbour + Collins Wharf approved Master Plan. Image: Lendlease</figcaption></figure><blockquote>
The Collins Wharf development will take advantage of Victoria Harbour’s existing retail and public space, including Library at The Dock, Community Hub at The Dock, Knowledge Market and more than 80 dining and entertainment options – while adding diverse new public spaces.

The design of this precinct offers future residents panoramic views and world-class public realm that maximises the unique waterfront location. Once complete, a pedestrian and cyclist promenade will enable people to walk, cycle or run all the way around the 2.5kms of the Victoria Harbour waterfront.

Following our consultation with the local community in 2015 and engagement with authorities over the past 18 months, I’m confident that our Collins Wharf vision will present one of Melbourne’s most desirable locations for residents, visitors and local workers to enjoy.
<cite>Mark Menhinnitt, Managing Director of Urban Regeneration, Lendlease</cite>
</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/victoriaharbour_s010_designstudios_-_final_2000.jpg" rel="gallery-all" title="Collins Wharf is set to provide small scale spaces for creative enterprise. Image: Lendlease"><img alt="" class="image-article-full-width-580px" height="304" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/victoriaharbour_s010_designstudios_-_final_2000.jpg?itok=ybuTDhrd" title="Collins Wharf is set to provide small scale spaces for creative enterprise. Image: Lendlease" width="580"></a>

<figcaption>Collins Wharf is set to provide small scale spaces for creative enterprise. Image: Lendlease</figcaption></figure><h2>KEY FEATURES</h2>

<ul>
<li>Extension of Collins Street as a tree lined boulevard to the water’s edge.</li>
	<li>High quality public open space that will encourage pride of place, support community wellbeing and create opportunities for water engagement.</li>
	<li>Located at the western tip of the Wharf, Eco Park will be an environmental oasis with native grasses, large specimen trees, an innovative floating wetland and access to the water’s edge.</li>
	<li>A diverse range of residences including coveted Collins Street terraces.A state of the art health and wellbeing centre located at the water’s edge.</li>
	<li>Small scale waterfront SOHO commercial / living space, offering a unique opportunity for boutique creative enterprises.</li>
	<li>Reduced car travel through the provision of pedestrian and cycling links and access to existing public transport connections.</li>
	<li>‘Yarra Walk’, a unique promenade experience to Docklands, creating a ‘water on both sides’ pedestrian experience.</li>
	<li>Approximately 1,500 residences over five buildings, with every home featuring high quality apartment layouts to maximise natural light and water views for every home.</li>
	<li>Residences will include a range of one, two and three bedroom apartments as well as the prestigious four level town homes lining Collins Street.</li>
</ul>
 The first Stage, No. 2 Collins Wharf (incorporating approximately 320 apartments), is expected to commence construction in 2018.

<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/yarra_walk.jpg" rel="gallery-all" title="Yarra Walk promenade. Image: Lendlease"><img alt="" class="image-article-full-width-580px" height="377" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/yarra_walk.jpg?itok=BCYyWOwZ" title="Yarra Walk promenade. Image: Lendlease" width="580"></a>

<figcaption>Yarra Walk promenade. Image: Lendlease</figcaption></figure>
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Laurence Dragomir

Lendlease's Collins Wharf Master Plan - the final piece of Victoria Harbour

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Listed property group Lendlease Corporation Limited said half-yearly profit after tax rose 12 percent to $394.8 million from a year earlier, helped by a boost in construction earnings.
Revenue in the six months to December 2016 was up 8 percent to $7,945 million over the comparable period the previous year.
The company said remaining end development pipeline grew 5 percent to $49 billion, of which $35 billion comprised urbanisation projects. It said the development segment “continues to maintain a strong residential pre-sales position, closing the period at $5.7 billion.”
Its EBITDA mix comprised a 38 percent growth in development earnings, while investments generated 40 percent.
<img src="https://www.urban.com.au/images/2017/02/27/FEB27LendleaseEBITDA.png" alt="">
Lendlease Group chief executive and managing director Steve McCann said commercial development, in particular the Australian office sector, was a highlight of the first half result. 
“At Barangaroo South, Tower 1 reached practical completion with all three office towers now operational,” said McCann. 
“We had success in converting our pipeline into delivery with the forward sale of three office buildings, in addition to the creation of a capital solution for the Circular Quay Tower.”
Lendlease said it secured new tenants across the commercial development pipeline. New leasing agreements were secured across approximately 85,000 sqm of commercial space in the period, predominantly in Australia. 
The company declared an interim unfranked dividend of 33 cents per stapled security.
Residential settlements included apartments at Victoria Harbour in Melbourne. Its offshore pipeline includes projects in Singapore, London and the Americas.
<ul>
<li>In Singapore, construction at the Paya Lebar Quarter is progressing well and during the period management secured two anchor tenants for the retail component of the development. The project remains on track for completion in FY19. </li>
<li>In Europe, apartment settlements were achieved at the Glasshouse Gardens at International Quarter London and South Gardens at Elephant and Castle in London. </li>
<li>In the Americas, work has commenced at Riverline in Chicago, Clippership Wharf in Boston and 281 Fifth Avenue in New York. These projects are all in the residential sector, representing a mix of multi-family and condominium product. </li>
</ul>
It said communities settlements were down compared to the prior corresponding period due to project timing.
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jonathanchancellor-7SQnKwU6yx

Lendlease posts double-digit rise in profit on construction boost

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As part of their ongoing development at Victoria Harbour, Lendlease have engaged Techne Architecture and Interior Design to deliver their new Victoria Harbour Sales and Leasing Centre. The completed centre has been designed to help to market and sell Lendlease’s remaining developments in Victoria Harbour, whilst also aiding in the approximately 1,500 apartment settlements expected over the next 18 months.

The sales centre is locate in close proximity to Victoria Harbour’s most recent developments, offering dual frontage to Collins and Bourke streets and proximity to the 888 Collins Street visual light display. Unlike a traditional display suite that presents a 1:1 scale version of a finished apartment, the 300sqm centre envisions the future precinct through a number of interactive and immersive installation zones. 

<blockquote>
We were conscious of the need to articulate the potential experience to the customer, without a tangible product and, in a constantly evolving location. Responsiveness to the precinct’s established blend of technological innovation and public interaction was integral to our design, and ultimately saw us take a more modern approach to marketing property.
<cite>- Justin Northrop, Technē Director</cite>
</blockquote>

Immersive design features are critical elements of the customer experience and include a 20-screen media wall, interactive digital scale model, theatrical ceiling light display, and large-scale Lego model of the Collins Wharf masterplan.

Urban.com.au spoke to Technē Senior Associate, Gabriella Gulacsi about the firm's design thinking and some of the challenges associated with designing a display suite that is adaptable over the course of the next 5-10 years.

<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/techne_vicharbourlr-15.jpg" rel="gallery-all" title="Victoria Harbour Sales and Leasing Centre features a Lego model. Image courtesy Techne"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/techne_vicharbourlr-15.jpg?itok=2E0k9aoy" title="Victoria Harbour Sales and Leasing Centre features a Lego model. Image courtesy Techne" width="580"></a>

<figcaption>Victoria Harbour Sales and Leasing Centre features a Lego model. Image courtesy Techne</figcaption></figure>Urban.com.au: What were some of the design drivers for the display suite design?

Gabriella Gulacsi: The design drivers for the display suite design centred primarily on the layering of space, both horizontally and vertically, and the overarching project objectives which called for the use of timeless materials and finishes, an adaptable floorplan and sustainability.

The layering of spaces allows for the defined zones and sales information, and also helps to prioritise the sales tools. A sculptural ceiling installation provides visual interest in the open plan space, and introduces an innovative lighting solution to create ambience within the suite. UM: Were Techne engaged following their previous work with Lend Lease on the Melbourne Quarter residential display suite?

GG: Yes. Due to the success of Melbourne Quarter we were recommended for the Victoria Harbour project.

UM: What were some of the challenges the design team faced?

GG: The site was impressive with high ceilings throughout however the wedge shaped geometry of the site didn’t afford easy spatial organisation - a challenge when articulating a clear sales journey to potential buyers.

We were also conscious of the potential for the space’s large size, strong connection to the street, and visually busy facades to distract from the sales journey. To ensure customers would feel comfortable and could focus on the sales message, the design incorporates ample natural lighting, defined zones throughout the tenancy and a large centralised digital display.

UM: Was adaptability considered for the suite with Victoria Harbour still evolving over the next 5-10 years? How do you design with that in mind?

<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/techne_vicharbourlr-17.jpg" rel="gallery-all" title="The colourful interior. Image courtesy Techne"><img alt="" class="image-article-full-width-580px" height="869" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/techne_vicharbourlr-17.jpg?itok=266DOCAL" title="The colourful interior. Image courtesy Techne" width="580"></a>

<figcaption>The colourful interior. Image courtesy Techne</figcaption></figure>GG: The brief called for a design that would respond to the constantly evolving nature of the precinct. Each area that is adaptable over the five to 10-year life span was designed as a focal point, featuring elements that can be tailored for new developments within the precinct. This flexibility in the design comprises physical and digital displays and, allows for future technological advancements such as virtual reality.

Techne’s experience in workplace design means that future-proofing is inherent in each of our design responses. The ability to draw from our work across sectors provides an informed basis for the design intent of a project.

UM: And lastly, What sort of lifespan has the design suite been designed for?  
  GG: The suite has been designed to appeal to a broad target market for apartments and facilitate the sale of multiple product types over the next five to ten years.
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Technē designs an immersive experience for the Victoria Harbour Sales and Leasing Centre

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Listed property group Lendlease’s first engineered timber office building in Queensland, called 5 King, has been acquired by Impact Investment Group (IIG), in its second commercial building acquisition in the $2.9 billion Brisbane Showgrounds redevelopment.
Standing almost 45 metres, 5 King the nine-storey tower plus ground will be the tallest engineered timber building in Australia and the tallest and largest engineered timber office building by gross floor area in the world.  
It will be the future home of engineering firm Aurecon, with the company committing to lease four of the nine office floors.
It has been designed by architect Bates Smart with engineering provided by Aurecon.
“5 King is the latest example of high-performance workplaces setting new benchmarks in environmentally sustainable building practices,” said Kylie Rampa, Lendlease’s chief executive officer, Property, Australia. 
“The office building will offer tenants the opportunity to generate significant business benefits through large, efficient floorplates that provide flexibility for a variety of modern workplace formats. Its location on King Street provides excellent access to lifestyle amenity and transport options for employees,” she said.
5 King will be built using a building timber called cross laminated timber (CLT) and glulam (glue laminated timber) which has a structural strength akin to the traditionally used concrete and steel. The typical commercial floor plate will comprise 1,588 square metres of net leasable area (NLA), with a total area of 14,921 square metres (NLA) over 10 levels.  
Buildings made from engineered timber have a lower carbon footprint than other building materials: the production process produces zero waste, and timbers are sourced from certified sustainably-managed forests.
According to Neil Barr, Aurecon’s Queensland regional director, the use of timber to lower carbon footprint is a medium that Aurecon has used to good effect.
"Our firm has long seen timber as a viable alternative to steel and concrete and 5 King will showcase the strength of CLT in a ten-storey building."
Lendlease is targeting a 6 Star Green Star Design for 5 King and As Built v1.1 and a NABERS Energy 5 Star rating.  
5 King is due for completion in November 2018, with Lendlease both developing and building the asset. 
It is Lendlease’s fifth engineered timber building in Australia and joins International House Sydney, Forte Apartments and Library at the Dock in Melbourne, and Jordan Springs Community Hub in Western Sydney.
 
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Lendlease sells its tallest engineered timber office building in Australia

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Developer Lendlease is pushing ahead with early site works for their pending Melbourne Quarter development; a massive mixed-use project that will round out the Batman's Hill precinct within Docklands.

Effectively a nexus between Melbourne's CBD and Docklands, Melbourne Quarter will continue the growth of inner city apartments aimed squarely at professionals, young families and empty nesters who are seeking a high-rise lifestyle. With the flood of investment grade apartment projects into the inner city over recent years, there is now a concerted push to create projects that go above and beyond, particularly in terms of amenity.

Lendlease Head of Apartments, Ben Christie, states that Melbourne Quarter has been designed to cater to the demands of astute buyers seeking a lifestyle which includes minimal outdoor and apartment maintenance, inclusive facilities, and communal socialising spaces.

<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/view04_mq_squre_elevated_v2_0.jpg" rel="gallery-all" title="Melbourne Quarter Neighbourhood Park. Image courtesy Lendlease"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/view04_mq_squre_elevated_v2_0.jpg?itok=oW3M2lzk" title="Melbourne Quarter Neighbourhood Park. Image courtesy Lendlease" width="580"></a>

<figcaption>Melbourne Quarter Neighbourhood Park. Image courtesy Lendlease</figcaption></figure><blockquote>
Melbourne buyers from all demographics have one of the strongest appetites for high-quality apartments. This is a design conscious city in its fashion, food and coffee, and also Melburnians’ appetite for good architecture is no different. In Melbourne, people expect a comprehensive offering which includes open floor plan layouts for social spaces, ample storage in residences and basements, and health-conscious building amenities.

The biggest selling point for our Melbourne Quarter project is the precinct’s green space and gardens at the base of residences. This gives people the opportunity to live in and be amongst a community that contributes to Melbourne's rich cultural tapestry. Melbourne has traditionally been framed around its parks, and Melbourne Quarter will create a floating Skypark and a new neighbourhood park within the city; a very good thing for residents and the public at large.

<cite>Ben Christie, Head of Apartments, Lendlease</cite>
</blockquote>

Lendlease's Melbourne Quarter development is bordered by Collins and Flinders Streets in Docklands, and upon completion will offer city living, future workplaces, dining, shopping and green spaces. A series of new internal laneways will connect workers, residents and visitors to the traditional Hoddle Grid and to approximately 40 new specialty retailers, including cafes and bars, dining, fashion and lifestyle offerings.

The development's residential towers have been designed by Fender Katsalidis Architects (FKA), who have a long and successful history of residential buildings in Melbourne, including the Republic Tower, Eureka Tower and Australia 108.

Urban.com.au posed a number of questions to Ben Christie and FKA's Karl Fender about the development and the evolution of apartment living in Melbourne.

<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/view_20_mq_resi_1x1_bed_desk_02_crop_option.jpg" rel="gallery-all" title="Melbourne Quarter typical one bedroom apartment. Image courtesy of Lendlease"><img alt="" class="image-article-full-width-580px" height="213" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/view_20_mq_resi_1x1_bed_desk_02_crop_option.jpg?itok=nX2S7XBr" title="Melbourne Quarter typical one bedroom apartment. Image courtesy of Lendlease" width="580"></a>

<figcaption>Melbourne Quarter typical one bedroom apartment. Image courtesy of Lendlease</figcaption></figure>Urban.com.au: Both Lendlease and Fender Katsalidis have extensive experience in apartment developments in Melbourne. How has the market evolved in the last 20 years and by extension the demands of purchasers?

Karl Fender: The transition of Melbourne over the last 25 years from a commercial hub to a thriving multi-faceted metropolis can be attributed to the migration of people from suburban to city living. Large sections of the Melbourne community enjoy, and have come to depend on proximity to workplace, city based rich living options, security, and the convenience of apartment living.

With this increased understanding and focus on the broader benefits of city living, the expectations of apartment design standards with the owners have developed substantially. That community sector now has sophisticated views about their personal living environment. Flexible planning, sizes appropriate to need, provision of ample recreational amenities, quality materials and excellence of architectural design are expected.

People today regard their apartment as far more than simply a good investment. Pride in home, which was underpinned the Australian dream of ownership in the suburbs, is now of paramount importance in the higher density multi-residential realm.

Ben Christie: The great thing about Melbourne’s apartment market is that it offers a variety of city-centric living opportunities that weren’t available 10 years go. Melbourne in general boasts a very high quality of apartment design. Our customers expect a comprehensive apartment offering, which might include open floor plan layouts for social spaces, ample storage in residences and basements, and health-conscious building amenities like a gym or swimming pool.

There is also a growing demand for concierge and hotel-style offerings as time-poor residents use these services to cut down on chores and free up leisure time. Melbourne Quarter will offer such concierge services to enhance the quality of our resident’s living experiences, including services on ground and upper ground lobbies which will use smart technology systems to connect residents in their community.

Many of our customers consider the surroundings of their apartment building too, looking for things like recreational facilities, parks, playgrounds, cafes and community services like child-care facilities and libraries. Our diverse Victoria Harbour community has the highest concentration of Green Star rated buildings in Australia and is located next door to many popular community amenities including Library at The Dock, Buluk Park and the newly-opened Community Hub at the Dock.

UM: How do developments like Melbourne Quarter respond to these demands from a design point of view? What does the architecture say about its locale and the residents within?

KF: Melbourne Quarter is an exemplar of quality environment for its new resident and commercial community. In the broader context of the central business district of Melbourne, its location and provisions will redefine and enrich this strategic entry point of the city. It will certainly be a catalyst for urbane completeness which this currently underutilised corner of the city so desperately requires.

Within the development, public placemaking, rich pedestrian linkages, carparking and servicing strategies have been carefully considered to deliver the best possible outcome. Enticing connections between Collins and Flinders Streets has been achieved through a series of pedestrian experiences, enriched by gardens, recreational and retail opportunities.

The apartments within the residential sector of Melbourne Quarter provide a diverse range of sizes and outlooks, but quality and facility are the common threads. The new resident community can enjoy the privacy of home and counterpointed by the connection of city opportunities at their doorstep. Their living experience is further enriched by their communal facilities which include an elevated 120m pool looking over the northern park, gym, sauna, multi-purpose yoga studio, lounge, library and luxury dining spaces.

UM: How has the history of the site informed the architecture?

KF: The Melbourne Quarter precinct is a very historically significant location in Melbourne and has played a key role in the history of the city’s founding. It is remembered as the site that city father John Batman chose for his family house which he built on Batmans Hill - the site of Melbourne Quarter - in 1836 not long after the beginning of Melbourne’s settlement in 1835.

The precinct also engages with the indigenous heritage of the site and indigenous artists will also play a key role in the placemaking, design and art of the precinct.
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Karl Fender and Ben Christie talk Melbourne Quarter

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With preliminary construction works underway, Lendlease have completed the sale of their first offering within the multi-towered Melbourne Quarter development.

Announced yesterday was the sale of the precinct's first commercial tower to Lendlease-managed affiliate, Australian Prime Property Fund Commercial. The transaction comes at a point of near full tenancy for the commercial tower dubbed One Melbourne Quarter.

Upon completion, initial signatory Arup will also be joined by Lendlease within the 13 level commercial tower, with the latter absorbing four floors across the Denton Corker Marshall-designed, 26,400sqm complex.

Updated project renders accompanying yesterday's announcement also better highlight the tower's activated frontage to Collins Street, perhaps the project's single biggest positive.

<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_0471.jpg" rel="gallery-all" title="Melbourne Quarter's onsite works gather momentum"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0471.jpg?itok=Y3WtWWqx" title="Melbourne Quarter's onsite works gather momentum" width="580"></a>

<figcaption>Melbourne Quarter's onsite works gather momentum</figcaption></figure><h2>What they say</h2>

<blockquote>
The sale of this building brings the vision of Melbourne Quarter to life and will drive increased momentum for the project. We continue to witness the city shift its commercial centre west along Collins Street, with many leading national and global enterprises already having made the move. It’s a very exciting time for the project.

As we did with our global head office move to Barangaroo in Sydney this year, we will be consolidating our Melbourne offices to bring our Victorian people together at One Melbourne Quarter in 2018.
<cite>Kylie Rampa, Chief Executive Officer for Property, Lendlease</cite>
</blockquote>

<blockquote>
We are delighted to provide our institutional investors access to this exciting integrated precinct, which will offer unique public space, including Melbourne’s first Skypark, and direct access to a variety of transport options.

The investment is consistent with APPF Commercial’s strategy to up-weight into efficient, sustainable and people-centric buildings, and complements the Fund’s recent acquisition of Darling Square and its interests in International Towers One, Two and Three at Barangaroo in Sydney.
<cite>Josh McHutchison, Managing Director of Australian Investment Management, Lendlease</cite>
</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/1mq_hero_shot_75_0.jpg" rel="gallery-all" title="A new Collins Street perspective. Image: Lendlease"><img alt="" class="image-article-full-width-580px" height="687" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/1mq_hero_shot_75_0.jpg?itok=WECrAkWk" title="A new Collins Street perspective. Image: Lendlease" width="580"></a>

<figcaption>A new Collins Street perspective. Image: Lendlease</figcaption></figure>As the last vacant site fronting Collins Street within Batman's Hill, One Melbourne Quarter's frontage has been amped up.

Passers-by will be greeted by a cavernous entry to the precinct, defined by a Sky Park perched above Collins Street. 980sqm of retail space will also bolster Batman's Hill's retail offerings, complimenting the neighbouring Collins Square retail zone.

Melbourne Quarter will also include 106 car parking spaces and extensive cycle facilities while targeting a 6 Star Green Star Design and As Built rating plus a 5 star NABERS energy rating.

One Melbourne Quarter is the first of seven commercial and residential buildings destined for Lendlease's Melbourne Quarter. Future offering within Melbourne Quarter include 681 Collins Street which is at planning and encompasses 55,000sqm of commercial space, and multiple approved residential towers with 1,600 plus apartments in the pipeline.

The total value of the precinct weighs in at $2 billion.
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silvermb

Lendlease steps in on One Melbourne Quarter

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Lendlease's Melbourne Quarter development, located within the Batman's Hill precinct of Melbourne's Docklands is aspiring to be a sustainable new city neighbourhood that will cater for 3,000 future residents in approximately 1,690 dwellings across three towers.

The three residential towers have been designed by Melbourne architectural firm Fender Katsalidis Architects. The first residential building, known as East Tower, will feature a wide variety of one, two and three bedroom apartments and is currently at sales. Located at 628 Flinders Street, the 40-storey development will offer views of the city and bay and will feature hanging gardens climbing the full height of the building.

The precinct has been designed with a strong environmental focus, with more than half of the 2.5 hectare site dedicated to open public spaces including Melbourne’s first elevated Skypark, a neighbourhood park, a new public square and a series of retail laneways which upon completion will connect to the existing CBD.

<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/aerial_view_0.jpg" rel="gallery-all" title="Melbourne Quarter aerial view. Image courtesy of Lendlease"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/aerial_view_0.jpg?itok=IoIa2LQB" title="Melbourne Quarter aerial view. Image courtesy of Lendlease" width="580"></a>

<figcaption>Melbourne Quarter aerial view. Image courtesy of Lendlease</figcaption></figure><blockquote>
Melbourne Quarter, with its residential neighbourhood next to a thriving commercial district, offers the opportunity to live next to work, which is increasingly appealing for young professional owner occupiers and investors with a keen eye on the leasing market.
Lendlease prides itself on the high quality of its apartment designs. Melbourne Quarter’s competitively priced apartments will provide a range of one, two and three bedroom city residences, with added value in their design features, location and amenity compared to what our CBD competitors are offering. We are already receiving strong market interest for Melbourne Quarter’s East Tower.
Melbourne Quarter aspires to set leading standards as an environmentally sensitive and sustainable development, that will see all residential towers target a 5-Star Green Star rating.
<cite>Mark Menhinnitt, Managing Director for Urban Regeneration, Lendlease</cite>
</blockquote>

Apartments.com.au recently spoke to Ben Christie, Lendlease's Head of Apartments, about the residential component of the project and how Lendlease are seeking to distinguish their product in an overcrowded market.

Apartments.com.au: Could you outline the smart technologies that are being implemented across the residential towers?

Ben Christie: The ability to connect our residents to the wider community is something we've been looking to introduce and they'll able to do that via an app. It'll be a project specific app that can be accessed via an iPad or iPhone and allow residents to book the extensive communal facilities which that are in the buildings which comprise 'Club MQ'. With 'Club MQ' we're looking at setting a new benchmark with the level of amenity that we're providing and this will be available in the first tower and then the two other towers will share from that.

UM: Is the provision of a concierge/hotel style facilities designed to attract more owner-occupiers rather than investors?

BC: They tend to attract both, in my experience. Certainly we've seen a growing market for time-poor professionals that want to live in the city or close to the city and the services that our concierge will provide, will help those time poor professionals, who live busy lives with the things they need to do. Additionally it will also assist families, which are a growing demographic in apartments who are also time poor, trying to spend extra time with each other so they'll probably use services for ordering food, collecting mail, having laundry picked up and so on.

We think these buildings will attract young professionals and families, with a greater number likely to be young professionals and time-poor executives but it will also be attractive to investors because the concierge service will assist in achieving premium rentals as tenants so our assumption is that it will be attractive to tenants as well, which makes it attractive to investors.

UM: It could be argued that many other more recent residential developments employ a concierge and smart technology. What makes Melbourne Quarter different?

BC: I think what you're touching on there is right and concierge services aren't a new phenomenon. The difference here at Melbourne Quarter is the level of service that we'll be providing and the level of amenity we'll be providing at 'Club MQ' as part of the project. Customers, tenants and purchasers alike are becoming far more discerning and are demanding more of their buildings and more from the services the buildings provide, so our point of difference is that rather than just a standard concierge service we're providing a luxury concierge service in very much a hotel-style offering.

The concierge you might see historically in buildings don't go to the full extent that we feel our customers now seek. The added benefit of the service is that it acts a security service as well: we'll have two full time concierges on-site, 7 days a week.

<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/view04_mq_squre_elevated_v2.jpg" rel="gallery-all" title="Melbourne Quarter neighbourhood square. Image courtesy Lend Lease"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/view04_mq_squre_elevated_v2.jpg?itok=MNdNJAQk" title="Melbourne Quarter neighbourhood square. Image courtesy Lend Lease" width="580"></a>

<figcaption>Melbourne Quarter Neighbourhood Park. Image courtesy Lendlease</figcaption></figure>UM: What is the anticipated construction commencement for East Tower? Will the delivery of Melbourne Quarter be staged or will a common podium for the project be delivered in one hit? Is there a nominal completion date for the whole project?

BC: We're starting with Arup's tenancy as we have a commitment there but Lendlease being a mixed-use developer, we have the ability to deliver these buildings simultaneously. We have only recently received planning approval for the residential buildings but we've had a lot of strong activity in our sales process and it's been very encouraging from the market, from both investors and owner occupiers but we haven't finalised a date for the commencement of the residential towers as yet. At this stage we have a conservative completion of 2022 or around 6 years of construction, but we'd like to and are aiming to deliver it faster.

We at Lendlease have significant experience in large-scale urban regeneration projects and so we can deliver commercial, residential and retail infrastructure simultaneously and our staging plan will be such that it will be very customer focused to engage people at the ground plane both within the commercial and residential components. And that is one of the important factors when delivering these types of complex projects. Each neighbourhood could be built independently of one another but they won't be. The team have received a lot of interest from prospective tenants for the commercial buildings and the feedback thus far has been positive.

Laurence, it is interesting when you ask about the decoupling of residential to commercial. Certainly, the residential buildings are focused somewhat to Flinders Street and the commercial buildings are somewhat focused to Collins Street and then we have an extensive laneway with a lot of retail offering which links the two, so they are intertwined.

One of the reasons, I'd like to add is that Melbourne Quarter will be home to 3,000 residents when it's complete and a lot of those residents could easily be people that work at Melbourne Quarter as well. With a lot of our mixed-use projects around the world we find that people like to live near where they work so often we attract young professionals that work at Arup or any other tenant we might secure who also live in one of the residential buildings.

It provides a very efficient lifestyle, it works for the investors, it works for the tenants. Imagine you were working at Arup, you're going home to your apartment in Melbourne Quarter and you can order your dinner when you leave the office and it's there when you get home. There's some great things you could do with our concierge service.

<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/view14_flinders_entrance_lobby_final.jpg" rel="gallery-all" title="Flinders Street entrance lobby. Image courtesy Lend Lease"><img alt="" class="image-article-full-width-580px" height="331" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/view14_flinders_entrance_lobby_final.jpg?itok=vfkDGSRW" title="Flinders Street entrance lobby. Image courtesy Lend Lease" width="580"></a>

<figcaption>Flinders Street entrance lobby. Image courtesy Lendlease</figcaption></figure><h2>Club MQ</h2>

Lendlease has provided Apartments.com.au with a summary of the facilities available to all residents as part of Club MQ, including:

<ul>
<li>Hotel-style grand arrival entrance to Club MQ (off Flinders Street), with undercover drop-off and concierge service.</li>
	<li>Secondary pedestrian lobby to the Club MQ and apartments off the precinct Neighbourhood Park (access via the new laneway connecting Collins and Flinders Streets).</li>
	<li>Swimming Pool (25 metres in length).</li>
	<li>Spa and change room amenity.</li>
	<li>Steam room.</li>
	<li>Sauna facilities.</li>
	<li>All-purpose gym.</li>
	<li>Multipurpose function/yoga room.</li>
	<li>Residents library and lounge.</li>
	<li>Theatrette for 20 people.</li>
	<li>Three internal private dining areas featuring outdoor terraces and BBQ amenity.</li>
	<li>Access to other precinct amenities includes Melbourne Quarter’s Skypark, Melbourne Square, Neighbourhood Park and a diverse retail offering within the Melbourne Quarter precinct.</li>
</ul>
<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/club_mq_gym.jpg" rel="gallery-all" title="Club MQ facilities. Image courtesy Lend Lease"><img alt="" class="image-article-full-width-580px" height="484" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/club_mq_gym.jpg?itok=RquEx_kJ" title="Club MQ facilities. Image courtesy Lend Lease" width="580"></a>

<figcaption>Club MQ facilities. Image courtesy Lendlease</figcaption></figure>While the residential component is at sales and marketing, Lendlease aren't wasting anytime getting on with the rest of the development. Arup's 3-storey office tenancy within the One Melbourne Quarter building is currently under construction, delivering a new sky park above Collins Street with a second 27-storey commercial building at 681-701 Collins Street, recently submitted for planning consideration with an end value of $550 million.

The delivery of the $2 billion Melbourne Quarter project is anticipated to generate approximately 15,000 construction jobs over the life of the project. On completion, its commercial offices are expected to be home to around 10,000 workers.

<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/view_27_skyrooms_from_collins_st.jpg" rel="gallery-all" title="The 27-storey office tower at 681-701 Collins Street. Image courtesy Lendlease"><img alt="" class="image-article-full-width-580px" height="1137" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/view_27_skyrooms_from_collins_st.jpg?itok=PjgOfqLb" title="The 27-storey office tower at 681-701 Collins Street. Image courtesy Lendlease" width="580"></a>

<figcaption>Melbourne Quarter Tower from Collins Street. Image courtesy Lendlease</figcaption></figure>
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Lendlease forges ahead with Melbourne Quarter

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Lendlease secured strong figures for the FY16, showing a profit after tax of $698.2 million.
Group CEO and managing director Steve McCann suggesting that solid cash generation was a highlight.
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“Solid cash generation was a highlight of the result with operating cash flow representing over 120 per cent of Profit after Tax,” he said.
“Lendlease produced a strong result for the 2016 financial year (FY16) and maintained a disciplined and focused approach to delivering on our strategy.
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The development segment delivered a very strong result across both residential and commercial.
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Residential settlements were up 7 per cent to 4,790 units.
“The high level of residential pre-sales provides good future visibility for earnings," McCann said.
“We settled over 1,200 apartments with non-settlements at less than 1 per cent versus our historical average of closer to 3 per cent.
McCann also sited the contribution of the commercial buildings to the strong figures.
“The forward sale of three major commercial buildings, two at International Quarter London and one at Darling Square in Sydney, has further de-risked our development exposure."
The Australian Construction result was robust with EBITDA margins up by more than 1 percentage point to 3.7 per cent.
The Investments segment, representing 37 per cent of operating EBITDA, continues to deliver solid recurring style earnings.
Below is the Lendlease group financial figures
<a href="/images/2016/08/19/Lendlease%20group%20financials.jpg" target="_blank">Click here to enlarge</a>
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Group CFO Tarun Gupta said the FY16 result ensures that Lendlease enters FY17 in a strong financial position. 
“Generating in excess of $850.0 million in operating cash flow while deploying a further $3.0 billion6 into development of projects is a significant achievement.” 
At 30 June 2016, Lendlease held a cash balance of $1.0 billion and undrawn facilities of $2.2 billion, providing substantial financial flexibility.
Below is Lendlease's financial performance
<a href="/images/2016/08/19/Lendlease%20financial%20overview.jpg" target="_blank">Click here to enlarge</a>
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FY16 major highlights
<ul>
<li>
Profit after Tax of $698.2 million, up 13 per cent and earnings per stapled security of 120.1 cents, up 12 per cent 
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<li>
  Return on equity of 13.0 per cent2, up 60 bps 
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  Final distribution of 30.0 cents per stapled security, taking the full year distribution to 60.0 cents per stapled security 
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  Operating cash flow of $853.0 million, 122 per cent of Profit after Tax 
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  Further $3.0 billion deployed into development of projects3 
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  Strong balance sheet with gearing of 6.5 per cent4 and available liquidity of $3.2 billion 
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<li>
  Further de-risking Development with the forward sale of three major commercial buildings 
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  Record pre sold residential revenue of $5.9 billion5, up 13 per cent 
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  Establishment of a $400 million managed investment vehicle 
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<li>
  Construction backlog revenue of $20.7 billion, up 20 per cent 
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  Funds Under Management (FUM) of $23.6 billion, up 11 per cent 
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Lendlease profits up 13 percent in FY16 - and no sign of rise in apartment settlement defaults

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Lendlease has moved into its new global headquarters in Barangaroo South’s International Towers Sydney.
Around 2,000 employees occupy levels 8 to 19 of Tower Three’s 39 floors, with Lendlease chief executive officer and managing director, Steve McCann said the company’s iconic new headquarters was a significant milestone.
<img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_020_Low.jpg" alt="" width="443" height="296">
“Our new home brings innovative thinking to the challenge of the 21st century workplace. It combines the best of both traditional workplace strategies and new ways of working - connecting people, knowledge and teams to deliver more seamless communication and better results,” he said.
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“Our people now have access to a wide range of spaces - whether inside the workplace or enjoying the new Barangaroo precinct at one of the many cafés or special spaces.
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CEO and managing director, Steve McCann above
Levels 13 and 14 feature a six-metre high wall with over 5,000 plants with employees provided with nutrition options, standing desks and green spaces.
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Tower Three received a 6 Star Green Star Office Design v3 rating from the Green Building Council of Australia.
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