The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

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

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

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

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Melbourne CBD

<html><body>
A CBD retail investment within Melbourne’s historic Capitol Arcade has been offered to the market.
Colliers International’s Chris Ling, Anthony Kirwan and Oliver Hay have been appointed to sell Shop 3, 115 Swanston Street via an international on-site public auction campaign.  
The property has offers net lettable area of 29 sqm within the Capitol Arcade, which is home to the historic Capitol Theatre. 
“It is expected to attract wide-ranging interest from a diverse group of buyers, both local and offshore as well as first time commercial entrants due to its competitive price point,” Mr Ling said.  
Located at the heart of the Melbourne CBD’s bustling retail precinct, directly opposite Melbourne Town Hall, the property has dual access via Swanston Street and Presgrave Place. 
Shop 3, 115 Swanston Street is fully leased on a seven year term to hospitality operator 30ML Coffee.
The tenancy provides a net annual income of approximately $56,388 (approx.) with fixed annual increases.
Mr Ling said the immediate area would benefit significantly from the creation of a new Town Hall Station as part of the $11billion Melbourne Metro Tunnel project.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Melbourne CBD retail investment in Capitol Arcade offered

<html><body>
CBRE Hotels’ Scott Callow and Wayne Bunz have been appointed to oversee the Ibis Budget in the Melbourne CBD being marketed for sale this week.
The three-star hotel features 146 recently refurbished guest rooms, reception area, food and beverage outlet and other supporting facilities.
With a CBD location on Elizabeth Street, between Collins and Bourke Streets, the hotel is within immediate proximity to the historic Flinders Street Station as well as other landmarks and amenities.
The Ibis Budget Melbourne CBD is currently operated by AccorHotels, Australia’s largest hotel management company, under a long-term agreement. 
Mr Callow said, "the Ibis Budget is modern and ideally located in the heart of Melbourne’s CBD, close to transport hubs and sporting, retail and business centres."
“The Ibis Budget represents an entry point 146-room hotel, which is hard to come by in the CBD due to escalating land values over the past five years.”
Mr Bunz said, “economy hotels have become less viable to develop in CBD locations, which makes existing opportunities even more valuable."
 It is being offered for sale via a public international expression of interest campaign, closing Thursday, July 18, 2019.
<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/2019/6/20/Ibis%20Budget%20hotel.jpg" alt="">
</body></html>

Ibis Budget Hotel in the Melbourne CBD for sale

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Japan-based global fashion retailer Muji, has signed a lease in Melbourne's CBD at the historic Scottish House building on William Street, just ahead of the opening of their biggest Australian store at Chadstone in August.
Samuel Friend and Stephen Land of Fitzroys negotiated the lease five-year deal with two three-year options.
Set over 292 sqm on Level 5 at 90 William Street, the lease was signed for $116,000 per annum with 4% annual increases on behalf of The Australian Club.
Friend said Muji needed a larger Australian head office as it embarks on a major expansion and wanted a CBD location.
The new 1,700 sqm store will offer Muji’s popular minimalist-style clothing, bedding, skincare and stationery, as well as a new range of furniture available in Australia for the first time; workshops and interactive events; a Muji Books offering, and self-serve coffee bar.
Friend said the Scottish House space attracted more than 80 enquiries, with law firms, finance companies, not-for-profits, accounting firms, marketing agencies and major transport operators all keen on the space.
“Major commercial developments through the CBD’s western corridor are attracting a broader range of tenants to this part of the city, beyond law firms seeking offices close to the legal precinct,” he said.
Scottish House is just metres from the dual-tower, office, hotel and residential Collins Arch development at 447 Collins Street, on the corner of William Street, as well as Mirvac’s Olderfleet project at 477 Collins Street, which will bring more than 52,000sqm of new office space.
</div>
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
The six-storey heritage building was designed for prominent shipping agents McIlwraith McEacharn Ltd in 1907, by architect Charles D’Ebro, and was their head office for more than 70 years.
</div>
</div>
</div>
</div>
</body></html>

Japan based fashion retailer Muji sign 5-year lease in Melbourne's Scottish House building 

<html><body>
The design for a new Melbourne hotel has been revealed.
The 23-storey Park Hotel by Roxy Pacific at 360 Little Bourke Street will feature 319 guest rooms.
The hotel has been designed by architecture and interior design practice Bates Smart.
It will also feature a lobby lounge, a concept restaurant and roof top bar.
The hotel is scheduled to open in late 2021.
Bates Smart Director Cian Davis said the design pays homage to the site’s history as gateway to the historic horse stable and livestock auction sale yard, Kirk’s Bazaar.
“We have respected the urban context and character of the location that is surrounded by warehouse frontages,” he said.
“The site will be transformed to offer a respectful sense of verticality, with the façade reinterpreting the old beautiful red brickwork of the streetscape.
“Intimate internal spaces have been created on the ground floor plane to encourage social interactions and engagement with the other local restaurants and retailers.”
Bates Smart Director Brenton Smith said the interior features include “horse saddlery accents” and “blacksmith-inspired metal accents”.
“The hotel takes cues from Melbourne’s vibrant laneway culture, recognising the ‘urban grit’ of this former industrial neighbourhood and its surrounds,” Smith said.
“The interiors complement the architectural approach, creating create a sensory experience for guests.
“The traditional food and beverage model has been challenged to create a space for an independent operator that will offer guests an authentic, local neighbourhood experience.
“We responded to the laneway context of the site and brought this element of Melbourne’s café and street culture within the building.
“We also remodelled the conventional arrival experience to offer an inquisitive guest arrival journey.
“The ground floor plane is opened to encourage guests to walk through the relaxed food and beverage component before reaching reception for check-in.”
There will also be a a ballroom to accommodate meetings and events, said Ben Hopkins, Managing Director of Roxy-Pacific Australian and NZ.
“Conveniently located in the heart of Melbourne, the new Park Hotel Melbourne is a continuation of the Group’s strategic efforts to strengthen our hospitality and is in line with our plans to grow our stable of recurring income streams,” said Hopkins.
“Going forward, Australia’s tourism and hotel sector is expected to record strong growth in the coming years, likely to exceed the country’s broader economic growth, and should augur well for the new hotel.
“Bates Smart have been the perfect partner to grow our vision for the property, which we aspire to be the market leader in 4-star hotels in Melbourne CBD.”
</body></html>

Designs unveiled for Australia's first Park Hotel in Melbourne

<html><body>
Liminal, part café, part wine store, part event space, part market place, is set to open in May this year.
It is the latest project from Melbourne hospitality outfit The Mulberry Group.
Liminal will be located on the ground level of 161 Collins Street and is a new direction for the group who sold their signature cafés, Top Paddock, Kettle Black and Higher Ground, in December last year.
Situated Adjacent to the lobby atrium in the art deco T&amp;G Building.
The 400 sqm space was designed by The Stella Collective. .
Executive Chef Martin Webster (Jackalope, Montalto) has created breakfast and lunch menus. 
We’ll be changing them regularly depending on what produce comes through from the market.” says Webster.
The wine store offers customers the opportunity to select a bottle to enjoy in house or pick up one to take home.
Liminal will also feature a private board room.
It will operate Monday – Friday 7am – 6pm.
</body></html>

Mulberry Group's latest Melbourne CBD project Liminal opens May

<html><body>
Trinity College at the University of Melbourne is set to open a new CBD campus at 611 Elizabeth Street.
Stage 1 of PDG’s new 70,000sqm redevelopment project is now 100% leased following this commitment.
Colliers International’s Edward Knowles and Michael Darvell negotiated the new 10-year lease to Trinity College for 9,500sqm in Stage One of PDG’s Elizabeth Street project.
Mr Knowles said Trinity College would share the newly developed site with Melbourne City Toyota in Stage 1 of the 611 Elizabeth Street project, which consists of a 20,000sqm new building.
Situated above the heritage building will sit a new vertical campus, designed by architects Gray Puksand.
The 7,000 sqm site at 611 Elizabeth Street is owned by PDG across Stages 1 and 2.
“It is primed to become Melbourne’s newest education and bio-medical precinct, with three towers offering circa 70,000sqm of commercial buildings due for construction by mid-2022,” Mr Darvell said.
“We are delighted to be partnering with Trinity College in developing its state-of-the-art teaching campus in the heart of Melbourne’s Education and Biomedical Hub,” Sebastian Mahoney, Development Director at PDG, said.
Mr Mahoney said construction is targeted to commence in the coming months.
</body></html>

Trinity College commit to lease new campus in Melbourne CBD

<html><body>
The development application for Charter Hall’s $1.5 billion 555 Collins redevelopment has been lodged with the Victorian Department of Planning.
Charter Hall purchased the site on the corner of Collins and King Street in October 2018.
With the adjoining site at 55 King Street, which is also owned by Charter Hall’s rime Office Fund, it encompasses a combined 4,620 square meters.
The design was created in partnership with Australian multi-disciplinary firm Cox Architecture and global design and architecture firm Gensler.
The first phase will include 35 levels of Premium Grade, technology enabled office space across approximately 45,000 square metres.
<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/2019/4/19/charter%20hall.jpg" alt="">
Simon Stockfeld, Charter Hall’s Regional Development Director said the building will be one of the city’s most sustainable office buildings.
“Our approach to workplace design is entrenched in extensive research into what tenants truly want and need, now and in the future,” Stockfeld said.
“Through this people-centric approach, we are committed to creating workplace experiences which are designed to foster community, an instinctive way of working and ultimately result in a better workday for our tenant customers.
“The vision for the site is to create a workplace experience like no other, where people will feel connected, inspired and engaged with their working day, and we are excited by this innovative methodology and how this development will shape the future of workplace.”
CPOF Fund Manager, Matthew Brown said: “CPOF is actively growing its existing $5.4 billion portfolio of high quality assets.
“A redeveloped 555 Collins will further enhance CPOF’s portfolio quality and total return metrics and deliver our Fund investors a coveted new Premium Grade office building in the tightly held western core of Melbourne’s CBD, a location favoured by major corporate, legal and government occupiers.”
Charter Hall has appointed JLL and Colliers as conjunctional leasing agents for the project.
Completion is targeted for mid-2022.
</body></html>

jonathanchancellor-7SQnKwU6yx

Charter Hall unveil plans for $1.5 billion 555 Collins redevelopment 

<html><body>
The historic five-storey Assembly Hall building at Scots’ Church in Melbourne CBD’s ‘Paris End’ is now fully leased.
Designed by Henry H. Kemp and built by Swanson Bros. in 1914, it sits immediately in front of Westpac’s modern headquarters and is adjacent to the 1873-built Scots’ Church, on the corner of Russell Street.
Mens’ shoes and fashion accessory label Double Monk has taken a 42 square metre space on part of the ground floor on a 6+6-year deal at $35,000 per annum plus GST with 3.5% increases.
The five suites, across the ground and second floors, cover a total of 172 square metres and the leases will initially bring in a combined rent of circa $94,000 per annum gross plus GST.
Rates range from $450sqm to $550 square metres plus GST per square metre for the second floor.
Other tenants include Jackie Knight Consulting, William Angliss Charitable Fund and Enable Workplace Consulting.
Fitzroys Manager - Agency, Stephen Land and Agency Executive, Sam Friend negotiated the deals.
<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/2019/3/26/156-Collins-3.jpg" alt="">
Land said the Gothic Revival-style Assembly Hall offered rare self-contained offices in the coveted east end of Collins Street.
“Assembly Hall has retained its historic character over more than a century, an element that continues to draw tenants across the boutique office market,” said Land.
He said strong levels of enquiry were received from a number of different commercial operators, with legal, financial and real estate consultants, not-for-profit groups, and psychology and counselling services particularly prominent.
“The city’s east end offers a vibrant mix of its famous high-end shopping that has the street dotted with iconic global brands; high-profile modern and classic office buildings, and a range of food and beverage options, while Assembly Hall is also located a short distance from the heart of the Melbourne’s CBD.
“Tenants continue to look for spaces that offer attractive lifestyle elements and are well located, with Assembly Hall’s location on Collins Street between Swanston and Russell Streets easily accessible via a multitude of public transport options.”
</body></html>

Scots’ Church’s Assembly Hall building now fully leased

<html><body>
A local investor has paid $508,000 for a Little Collins Street retail investment at a record $39,077 psm rate for a strata titled CBD retail property.
The deal, brokered by Teska Carson‘s Gideon Marcus, was for shop 11, 530 Little Collins Street in the Exchange Tower building.
Situated on the building’s ground floor, the property comprises a 13 sqm space currently leased to Exchange Tower Newsagency on a five year term from August 2015 with a five year option.
The property has a current rental income of $47,896.68 plus GST.
Featuring three street frontages the shop has pedestrian access via Little Collins Street, Church Street and Union Place.
The 12,230 sqm Exchange Tower comprises ground floor and mezzanine level retail tenancies and 207 upper level office suites which are fully occupied housing approximately 1000 workers.
</body></html>

Local investor purchases Lt Collins retail property at record $39,000 psm

<html><body>
Melbourne based property investor Jeff Xu has sold his Victoria One portfolio of five CBD strata retail properties for $13.615 million to a Melbourne based investor.
The 452 Elizabeth Street portfolio sold on a 5.5 per cent yield and at what is thought to be a record building rate of $27,230 a square metre for similar properties.
CBRE Manager, Melbourne City Sales, Nathan Mufale, who brokered the deal with National Director Investments, Mark Wizel, Leon Ma, and Ben McMahon, said the result was unprecedented for strata retail in the Melbourne CBD.
Mr Mufale said that the properties being in a booming education precinct with a strong Asian international student catchment was a key consideration behind the high level of interest the portfolio had attracted.
Confidence in this precinct is clear as this is the third strata retail transaction on Elizabeth Street within the last six weeks.  
The 452 Elizabeth Street portfolio comprises five strata retail spaces covering 500 square metres across ground, first floor and mezzanine spaces.
The portfolio has 50 metres of Elizabeth and Franklin street frontage and is located at the bottom of Golden Age’s 643 apartment tower. 
The properties are leased to established international tenants returning more than $750,000 per annum.
Mr Wizel said significant appreciation in land taxes for freehold assets was another important consideration for investors and that it was "another factor driving the increasing demand for strata retail assets in the CBD."
</body></html>

Melbourne CBD

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Melbourne CBD

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News