<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Macquarie Park

<html><body>
Some 55 homeowners in Sydney’s Macquarie Park have become instant millionaires in one of the biggest amalgamations in the country, with a private developer paying $80 million.
The 5,130sqm site situated at <a href="https://www.savills.com.au/_news/article/109976/153819-0/6/2017/macquarie-park-home-owners-to-follow-successful-merger-trend" target="_blank">15-21 Cottonwood Crescent</a> has potential for a new mixed use landmark tower of 270 apartments plus ground floor commercial suites (STCA) extending up to 65 metres, circa 21 storeys.
Providing approximately 23,085sq m of Gross Floor Area, the site was sold in two stages, with the purchaser first securing 15-19 Cottonwood Crescent, and later 21 Cottonwood Crescent, resulting in the strongest sales rate per square metre of proposed GFA achieved to date for a collective sale.
Stuart Cox and Neil Cooke of Savills Australia conducted a five week campaign that resulted in over 220 enquiries being received.
There were over 50 requests for the due diligence material, resulting in 13 offers received at the close of the EOI.
According to Stuart Cox, Director of Residential Site Sales at Savills Australia, this site was considered one of the most premium sites offered to the market within Macquarie Park given its elevated nature perched high upon the intersection of Waterloo Road and Cottonwood Crescent, its close proximity to Macquarie Centre, Macquarie University Railway Station and Macquarie University.
“Given the strong demand for the site, we undertook a second round EOI that resulted in a record sale price being achieved for the site.
“Of the 13 EOI’s received, 12 were from offshore large scale Asian developers drawn to the area by the vast array of amenities on offer within this suburb, namely retail, education and excellent transport” he said.
The site benefits from an amazing northerly aspect overlooking Macquarie Centre as well as over Elouera Reserve to the north-western elevation.
All future redevelopment in this area will be constructed to the south of the site.
The lawyer acting for the owners, Mr Ian McKnight of ClarkeKann Lawyers, said that he was able to devise a legally innovative and effective means to enable the owners to collectively sell their properties which provided a lot of certainty for both sides during the sale campaign.
According to Neil Cooke, Director of Residential Site Sales at Savills Australia, 91 per cent of the neighbours agreed to combine their properties in a bid to further evolve the master planned community of Macquarie Park.
“The new Strata Law reform legislation, particularly in well located areas, gives owners whom join together in a collective sale offering of over 75 per cent, substantial uplift benefit at a time when their existing capital works programs are becoming cost prohibitive."
</body></html>

j.ballantyne1990-6AQqhLzZaK

55 millionaires in Macquarie Park site consolidation

<html><body>
Design agency Frost*collective collaborated with Sydney property developer Romeciti on launching the first stage on its $450 million, two tower, 11,000sqm, 357 apartment Macquarie Park development Natura.
Ant Donovan, Group Creative Director, Frost*collective said Natura is all about unique connections with both nature and those amongst the community.
"Romeciti wanted the Natura brand to promote the kind of lifestyle that we all aspire to – one that offers elegance and style and that also provides a sense of belonging,” he said.
"Some of the development’s five star amenities are key points of difference designed into the Natura experience to heighten the sense of well-being.
Jeanne Ogilvie, Strategist, Frost*Design said they wanted the brand to convey an inspired and perfect balance of nature and urban living.
A team of environment specialists worked with architectural practice Elenberg Fraser to build Natura’s 700m2 display suite complete with branded activations on the journey to entry, signage and graphics.
Natura is expected to be completed in 2020.
For more information on Natura, <a href="https://www.naturaliving.com.au" target="_blank">click here</a>.
</body></html>

jonathanchancellor-7SQnKwU6yx

The Natura $450 million development takes brand to natural highs

<html><body>
Property developer JQZ has submitted a development application to build a bridge directly connecting the Prime apartment development to the neighbouring Macquarie Centre in Sydney's Macquarie Park.
The proposal is for an enclosed pedestrian bridge connecting Prime apartments to the Macquarie Centre fresh food market.
Jian Qiu Zhang, Founder and CEO of JQZ, said interest in this exciting project has been very high from day one, given the integrated lifestyle on offer. 
"Prime will be a place where residents can work, play, shop and dine out right where they live," he said.  
"As well as the extensive range of premium and convenience shopping on offer, residents will have ready access to medical centres, banks, chemists, government utilities, travel agents and many other essentials.
“As well as the dining options made available by the Macquarie Centre bridge connection, the ground floor of Prime will be recessed to create an additional 1,600sqm of food and beverage offerings in a plaza area to activate the street frontage. 
"This landscaped public domain area will include restaurants, cafes and alfresco dining, as well as a children’s water play area and public art."
Prime will feature 680 one, two, three and four-bedroom penthouse apartments across four 20-storey towers, which will each sit on four-storey podiums. 
The development will feature a viewing platform overlooking the central plaza, a landscaped reading and meditation space, a 25-metre heated undercover pool and an adjoining spa and gym. 
One-bedroom apartments are available from $650,000, while two-bedroom apartments start from $990,000, and three-bedrooms from $1,380,000.
Stage 2 sales will be released on Saturday 17 June 2017.
The Prime sales gallery is open from 11am to 4pm (except Fridays) at 101 Waterloo Road, Macquarie Park. 
For more information, visit <a href="https://www.primemacquarie.com.au/" target="_blank">www.primemacquarie.com.au</a>
</body></html>

Prime bridge extension to Macquarie Centre

<html><body>
SPONSORED POST
It is no secret that Macquarie Park has been a favourite amongst Australia’s leading property developers and investors with AMP, Goodman, Stockland and the like all taking a substantial stake in the precinct.
Since the early days in the mid 1960’s when the bushland suburb of North Ryde was rezoned for employment land, developers and prospective investors have found solace in the safe havens of Macquarie Park which has transformed into the “Silicon Valley of Sydney” with global tech and software giants such as Microsoft, Oracle and Novartis calling it home.
Macquarie University was built in the early 1960’s as Sydney’s much needed third university, construction of residential dwellings then transpired around the fringes and soon after Macquarie Shopping Centre opened for business which proved to be a major draw card for international and domestic businesses. Since then, Macquarie Park has positioned itself as a power house in the commercial market with over 850,000 square meters of office space creating a work force of over 45,000 and with a competitive 7 percent vacancy rate.
Since 2015 when the Herring Road Precinct was rezoned, we have seen a new form of investment with local and international residential developers acquiring all the newly re zoned land with over $1 billion dollars being transacted since 2015. According to the NSW Government there is over $2.7 billion in Development Applications awaiting approval with a substantial amount also in the pipeline.
The newly created strata laws brought into effect on 1 December 2016 has proven to be the catalyst for site amalgamations in the Herring Road precinct.
Savills Residential Site Sales Directors Stuart Cox and Neil Cooke have been instrumental in amalgamating these sites and have recently taken <a href="https://commercialpropertysearch.savills.com.au/bc8f85aa-9be2-e611-80c7-005056813885/Sale/Macquarie-Park/Macquarie-Park" target="_blank">15-19 Cottonwood Crescent</a> to market with an outstanding response from international and local developers in the first couple of days.
<img src="https://www.urban.com.au/images/2017/06/06/Screen%20Shot%202017-06-07%20at%209.36.43%20AM.png" alt="" width="570" height="359">
This site encapsulates three existing blocks of 15 two bedroom apartments, capable of being redeveloped into a landmark 21 storey 200 unit development under the current development controls.
According to Stuart Cox, “The re-gentrification of Macquarie Park will be home to over 10,000 new dwellings in the next 10 years with residents benefiting from the governments heavy involvement in upgrading public infrastructure through integrated transport connections and improving transport times to and from Sydney and Parramatta CBD’s.”
Strong demand for Macquarie Park has always stemmed from its education and retail backbone that has provided for over 40,000 students and 45,000 employees, new demand stems from the proximity to Sydney and Parramatta CBD’s through the new Metro Sydney Project which will provide trains every four minutes in peak hours.
Macquarie Park is also the second largest employment region in NSW and the fourth largest CBD in Australia with employment figures by BIS Shrapnel quoting a growth of over 40,000 new jobs by 2031. Residential developers have recently been acquiring sites at rates well in excess of $3,500 per square meter of Gross Floor Area for the privilege to own and develop in the extremely hot Herring Road Precinct.
This article was written by Johnathon Broome, Savills Residential Site Sales Executive.
For more information from Savills, <a href="https://www.savills.com.au" target="_blank">click here</a>.
</body></html>

jchancellor-FAypfDUnLy

Billionaires play in the Park

<html><body>
Tenant contraction in Macquarie Park is not expected to continue, according to Colliers International’s latest Metro Office report.
“While Macquarie Park has experienced tenant contraction over the last six months, we don’t expect this to continue as tenants continue to be priced out of North Sydney and Chatswood leading them to consider Macquarie Park as a viable alternative.
"After a decade of next to no net effective rental growth over the last six months, net effective rents have increased 9.8 per cent and 13.6 per cent for A and B Grade respectively.
"Underpinning current and future rental growth is the ongoing residential rezoning taking place in peripheral suburban markets such as Epping and Frenchs Forest, as displaced tenants seek alternative accommodation within Macquarie Park,” the report stated.
Colliers says that Macquarie Park is able to outcompete Chatswood for office tenants.
“Despite Chatswood being seen as a direct competitor for office tenants, the floor plates offered are restricted by size and Macquarie Park is able to accommodate tenants looking for larger, more efficient floor plates.
"The next two years should see 90,000sqm of office space supplied at 45 Waterloo Street (25,000sqm is precommitted to the NSW Government) and we expect this to satisfy demand for larger floor plate users that are unable to secure such space in denser metro markets,” the report advised.
Macquarie Park is expected to be the centre of office organisations Colliers says.
“Furthermore, Macquarie Park is expected to become a primarily residential and office centre as organisations begin to shift their industrial function to dedicated western and south western industrial markets.
"According to the PCA, vacancy increased from 7.1 per cent to 7.5 per cent in the six months to January 2017 with net absorption registering -7,475sqm for the period,” the report stated.
A 90 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-macquarie+park-502164638">32 Dehli Road</a>, Macquarie Park (above) has been listed for $575,000.
Similarly a 214 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-pymble-502349046">Suite 11 19 Bridge Street</a>, Pymble (below) has been listed for $800,000.
<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/2017/05/02/Suite%2011%2019%20Bridge%20Street.jpg" alt="">
</body></html>

Tenant contraction in Macquarie Park expected to not continue: Colliers

<html><body>
AstraZeneca Australia, an arm of global biopharmaceutical company AstraZeneca, has ‘zoned in’ its employees, literally, at its new Macquarie Park offices.
The firm’s adoption of agile-based working is founded on specialised work ‘zones’, four at the moment, with each catering to different styles of working and collaborating with other people.
The concept was by design firm Futurespace, whose managing director Angela Ferguson said, “We designed the four zones to liberate workers from the desk bound experience.”
The new 3,000 sqm office gives AstraZeneca Australia’s 200 office-based employees the option to work in four ‘zones’:
The Unplugged Zone – this area is characterised by highly interactive management activities.
The Connected Zone – this is a stimulating environment, where employees engage with colleagues and visitors and includes formal meeting spaces, conference rooms with video conferencing and audio-visual systems, as well as collaborative spaces.
The Base Zone – is at the heart of the office and includes open plan work areas, private work areas, project areas and informal meeting areas.
It acts as the primary space for individuals and teams to carry out their core activities throughout the working day.
The Virtual Zone – this zone isn’t a physical zone, but is the integrated technology overlaid in and out of the workplace for employees. It is designed to allow employees greater mobility, both in and out of the office.
<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/2017/03/20/image003.jpg" alt="">
“Sitting at the same desk all day does not promote productivity, health and wellbeing, or collaboration,” said Ferguson.
“However, it is just as troublesome to have employees work wherever they want without having the correct design infrastructure in place. That is why the ‘zones’ are effective.”
She said that “each zone was designed to facilitate different styles of working, whether it’s informal chats over coffee, structured team meetings or focused individual work”. 
Another standout feature being rolled out includes wi-fi technology that will allow staff with no assigned seating to locate each other within the large building at any time, enhancing collaboration.
The planning also involved features such as use of timber to create warmth, plenty of natural lighting, indoor greenery, and a multi-purpose open area where employees can have lunch and meetings.
<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/2017/03/20/image005.jpg" alt="">
The ‘zones’ are consistent with AstraZeneca’s global workplace strategy, called “iwork”, which outlines a more agile way of working.
“iWORK, agile- based working environments, is the future of AstraZeneca’s workplaces,” said Paul Spittle, country president AstraZeneca Australia and New Zealand.
“The amount of impromptu conversations in passing I now have with people from all across the business, how I can walk past an open meeting space and stumble across a cool piece of work one of the teams is doing, which I otherwise would never have seen. It’s changed the dynamic of the business totally.”
The ‘energy’ of the new office will also help the company attract and retain talent, concludes Kimberly Elliott, director of People, Capabilities and Sales Operations. 
 
</body></html>

AstraZeneca Australia's new, agile office uses ‘zones’ to keep staff engaged 

<html><body>
Macquarie Park property sales for the three months to February 2017 have increased substantially from the preceding quarter, according to research from CoreLogic’s Cityscope.
Sales recorded in the quarter ending February 2017 totalled $704.7 million, an increase from the $135.5 million recorded in the three months to November 2016, but a decrease from the $769.9 million recorded to August 2016.
For the year ending February 2017, there were 74 sales at a total value of $1.64 billion, compared to 121 sales at a total value of $1.203 billion for the previous year.
The table below shows sales recorded for the past eight updates of Macquarie Park Cityscope.
<a href="https://www.propertyobserver.com.au/images/2017/03/3/Corelogic-1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/3/Corelogic-1.jpeg" alt="">
According to the report, notable sales in the February 2017 update of Macquarie Park Cityscope include:
<ul>
<li>Everglade Campus, 82 Waterloo Road, Macquarie Park, a four-storey building with parking for 220 cars over two basement levels on a site area of 10,590 square metres, which was bought for $120 million;</li>
<li>Avaya House, 123 Epping Road, Macquarie Park, an A-grade, 10-storey commercial and industrial building with three levels of basement parking for 534 cars and a net lettable area of 16,161 square metres, which was bought for $118 million through CI Australia North Sydney and Savills and</li>
<li>Valad Corporate Place, 2 Richardson Place, North Ryde, an A-grade, four-storey office building with two additional levels of basement parking for 454 cars and outdoor parking for 63 cars on a site area of 14,325 square metres, which was bought for $85 million through CBRE Sydney and JLL Sydney.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/03/3/Corelogic-2.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/3/Corelogic-2.jpeg" alt="">
Properties for sale in Macquarie Park Cityscope in February 2017 include:
<ul>
<li>43 – 61 Waterloo Road, Macquarie Park, a large development site of 39,824 square metres with several older single storey buildings and a paved car park, available through Colliers International;</li>
<li>27 Sirius Road, Lane Cove West, a three-storey office building featuring a paved forecourt and high-clearance warehouse and a net lettable area of 8,100 square metres, available through CBRE North Sydney and</li>
<li>8 Australia Avenue, Sydney Olympic Park, a five-storey commercial building of 6,610 square metres with retail spaces on the ground floor and two levels of basement car parking providing 119 spaces available through JLL Sydney.</li>
</ul>
Leasing opportunities in the February 2017 of Macquarie Park Cityscope include:
<ul>
<li>18 – 20 Orion Road, Lane Cove West, a nine-storey building comprising ground floor foyer and eight floors of office space and parking for 378 cars, which has office space of 120 to 1,000 square metres for lease through Glass Property Consultants;</li>
<li>Riverview Park Estate at 166 Epping Road, Lane Cove West, comprising two 3-storey office buildings joined by a central 2-storey atrium plus two levels of basement parking for 236 cars, which has office space of 700 to 4,300 square metres for lease through Savills Parramatta and Knight Frank North Sydney;</li>
<li>
<a href="https://www.realcommercial.com.au/property-offices-nsw-macquarie+park-501704185" target="_blank">3 Thomas Holt Drive, Macquarie Park</a> (pictured above), a nine-storey office building with high-clearance warehouses and parking, which has office space up to 4,200 square metres on the top floors for lease through JLL North Sydney and GJS Property.</li>
</ul>
</body></html>

Spike in Macquarie Park commercial property sales: Cityscope

<html><body>
Greenland Australia have begun early works for 'nbh' development at Lachlan's Line, Macquarie Park.
Site hoarding, construction compounds and benching earthworks have begun at the largest of two sites.
Sherwood Luo, Greenland Australia managing director, said upwards of 4,000 cubic metres of dirt is being removed from the site each day to make way for underground parking levels.
"With each truckload removed, we get that much closer to building the 879 new residences, all-new retail precinct and entertainment quarter, Lachlan’s Square, that will form Macquarie Park’s newest and best neighbourhood,” he said.
For more information <a href="https://nbhsydney.com/" target="_blank">click here</a>. 
</body></html>

Early works begin at nbh at Lachan’s Line, Macquarie Park

<html><body>
Sydney based developer Romeciti has purchased a 1-hectare site in Macquarie Park.
The development is located at 82 Waterloo Road, a 2-minute walk from Macquarie Centre and Macquarie University station.
It is also adjacent to a green open space.
“Because of population growth, high paying jobs and quality education, Macquarie Park has become Sydney’s most sought after address, strongly supported by the government,” a representative from Romeciti says.
Romeciti has developed other projects across Sydney, including Manly, Rosebery, Top Ryde, Epping and Eastwood at the Eastwood Central development where $100 million worth of real estate was sold following its launch in December 2015.
</body></html>

Romeciti secure Macquarie Park development site

<html><body>
A prime development site at Macquarie Park has been listed for sale by Property NSW.
It has the potential to deliver up to 8,000 public and private sector jobs in the area.
The 32,000 square metre property at <a href="https://www.ryde.nsw.gov.au/haveyoursay/Have-your-Say/Planning-Proposal-45-61-Waterloo-Road-Macquarie-Park" target="_blank">45-61 Waterloo Road</a>, is zoned B3 Commercial core and will be sold with a NSW government lease pre-commitment.
The site has development potential for approximately 117,000 square metres of gross floor area, subject to council approval.
The sale and leaseback will result in the delivery of 25,000 square metres of new office accommodation for the NSW government, which equates to around 2,000 jobs.
CEO of Property NSW, Brett Newman, said the property should attract strong interest given its proximity to major transport links and the strength of Macquarie Park’s office market.
“By selling this vacant, underutilised site the government can facilitate significant economic growth through the provision of more than 8,000 public and private sector jobs in the precinct," Newman said.
“Macquarie Park is already an economic and commercial powerhouse, and that reputation will be enhanced in the coming years as thousands of new jobs complement new housing and improved transport links in the precinct."
The commercial development site will be positioned around a large landscaped park after the NSW government lodged a planning proposal earlier this year to facilitate development of a 7,000 square metre park on the site, delivering more green space for the community.
Once the planning proposal is gazetted for the park, the government will lodge a development application to subdivide the site, with the City of Ryde Council to acquire and landscape the park using the government’s previously announced $6 million grant.
Expressions of interest will close on 14 December 2016, with development expected to be completed by mid-2019.
</body></html>

Macquarie Park

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Macquarie Park

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News