New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Moorabbin

<html><body>
Co-working provider CLIK Collective is introducing co-warehousing and co-working to Up Property's Morris Moor development in Moorabbin, housed within a 6,000 sqm space which has bee designed to meet the requirements of local online retailers.

Formerly known as Kensington Collective, CLIK Collective provides businesses with flexible spaces, services and resources within a diverse community-focused environment which nurtures growth.

CLIK Collective developed the co-warehousing concept after identifying co-working spaces for e-commerce retailers, that also included tailored warehousing spaces, loading bays, photography studios and showroom facilities, did not exist.

<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/up_property_click_collective_morris_moor_render_1.jpg" rel="gallery-all" title="Up Property and CLIK Collective have combined for co-warehousing at Morris Moor. Image: CLIK Collective"><img alt="" class="image-article-full-width-580px" height="319" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/up_property_click_collective_morris_moor_render_1.jpg?itok=8kjUkx2e" title="Up Property and CLIK Collective have combined for co-warehousing at Morris Moor. Image: CLIK Collective" width="580"></a>

<figcaption>Up Property and CLIK Collective have combined for co-warehousing at Morris Moor. Image: CLIK Collective</figcaption></figure>CLIK Collective Founder and Director Harry Kempler, explains Morris Moor's attractiveness for their establishing a co-warehousing space, lay in its accessible location and onsite amenities.

<blockquote>
Morris Moor is in a well-connected location and will be surrounded by amenities including cafes, childcare, beautifully landscaped gardens and a publicly accessible courtyard, making it a valuable site for individuals and businesses based in Melbourne’s South East to launch and grow their e-commerce offering 
Collaborative economies are making their way into the logistics industry by offering unique and clever solutions that are both efficient and environmentally responsive.

We’re passionate about small businesses and co-working environments and look forward to supporting local online retailers on a large scale and for the opportunities Morris Moor will bring to the local community

- Harry Kempler, CLIK Collective Founder and Director
</blockquote>

CLIK Collective plans to provide purpose-built spaces, facilities and services that will offer an accessible, professional and collaborative environment for e-commerce businesses based in Melbourne’s South East, assisting in the development of more than 60 new innovative businesses for the Moorabbin community.

<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/morris_moore_splash_slideshow_3.jpg" rel="gallery-all" title="Artist's impression of Morris Moor. Image: Up Property"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/morris_moore_splash_slideshow_3.jpg?itok=80dgrTSQ" title="Artist's impression of Morris Moor. Image: Up Property" width="580"></a>

<figcaption>Artist's impression of Morris Moor. Image: Up Property</figcaption></figure><a href="/news/qa-with-up-propertys-adam-davidson">Speaking to Urban.com.au</a>, Up Property's Adam Davidson outlined the company's strategy behind the provision of co-working space within the Morris Moor development.

<blockquote>
Instinctively we felt that the middle ring suburbs held an underlying demand for satellite co-working spaces which is currently under-serviced. There are so many operators fighting for space in traditional office locations, such as the Melbourne CBD and city fringe however, business owners and employees are continuously looking to live and work in close proximity and trade the time spent in the car or on the train with time at home with the family.

Young businesses wanting the flexibility to work closer to home and avoid the commute to the city. These local business operators were seeking a more flexible arrangement as opposed to within a traditional office on a long-term lease agreement. We noted the rise of such spaces within other suburban business parks (e.g. Caribbean Park and Chadstone).

Through the support of Kingston council, we have been connected to several local community groups, small businesses and individuals who are very keen to see professional, well-coordinated and managed co-working spaces within the precinct. This provides us with further confidence that demand is there.

- Adam Davidson, Up Property Founder and Managing Director
</blockquote>

CLIK Collective Moorabbin is one of four businesses already confirmed for Morris Moor and is due to open this month, offering secure warehouse spaces ranging from 2 sqm through to 300 sqm.
</body></html>

Laurence Dragomir

CLIK Collective brings co-warehousing to Moorabbin's Morris Moor

<html><body>
Up Property has unveiled plans for the $100 million transformation of Moorabbin’s Philip Morris manufacturing site into a new urban destination, that will introduce opportunities for increased amenity and employment for the area.

Named ‘Morris Moor’ – a reference to the site’s location, history and significance within the community - the development has been designed to inject an element of inner-city urbanism to Moorabbin.

Through a working partnership with Connect Plus Property Solutions, Up Property plans to re-purpose the existing eight buildings, which collectively represent over 50,000 sqm of leasable space.

The significant heritage site has been re-imagined to become a multi-use community precinct, which according to Up Property "will cultivate experiences and create opportunities that breathe life into the local neighbourhood through the diversity of its tenants."

<blockquote>
Our vision is for Morris Moor to become an iconic destination for Melbourne and the local residential and business community to work, play, eat and drink.

Upon taking ownerships of the site in May last year, we received overwhelming interest from businesses looking for opportunities beyond that of a typical office precinct – from gymnasiums and coffee roasters to indoor golf simulators and cinemas.

This helped shape our Master Plan for Morris Moor as we wanted to be responsive to the market and develop a location that the community would embrace. Morris Moor will forge exciting new opportunities and experiences for Moorabbin and broader Bayside, upgrading an area predominantly known for being an industrial precinct.

- Adam Davidson, Up Property Managing Director
</blockquote>

The 6.27-hectare site, already has a permit in place which will allow it to deliver in excess of 1,600 new jobs for Moorabbin, double the amount that were employed at the site in its previous life.

 Genton Architecture was engaged to design and collaborate on a Master Plan that re-interprets and adapts the existing collection of buildings and landscape into a location that will deliver on Up Property's vision to "bring the best of Melbourne to Moorabbin."

<blockquote>
The design will transform a collection of existing warehouses and commercial buildings into premium office spaces, modern eateries and contemporary amenities. Genton’s concept for Morris Moor maximises the heritage character of the buildings by enhancing the facades of each structure. The design maximises the overall impression while remaining cost effective.

- Genton Arcihitects
</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/morris_moor_-_fb_artist_impression.jpg" rel="gallery-all" title="Artist's impression of Morris Moor's hospitality precinct. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="288" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/morris_moor_-_fb_artist_impression.jpg?itok=NYhFyd12" title="Artist's impression of Morris Moor's hospitality precinct. Image: Supplied" width="580"></a>

<figcaption>Artist's impression of Morris Moor's hospitality precinct. Image: Supplied</figcaption></figure>The manufacturing history of the site is being celebrated via a ‘makers theme’, with Up Property seeking future occupants that have an element of on-site production rather than just providing traditional retail tenancies. The focus is on finding place makers not space takers to create a vibrant, engaging community that will collectively form a local destination in its own right. An example of this would be a coffee roaster rather than just a cafe or a brewery instead of just another bar.

Upon completion, Morris Moor will also include approximately 2,879 sqm of hospitality space, designed in consultation with architecture and interior design firm Technē. The precinct will offer ample opportunities for a mix of restaurants, cafes, a brewery, distillery, wine bar, convenience store, florist, event function space in order to create an urban destination that will be a catalyst for further gentrification of the area.

Up Property is currently seeking occupiers for the office space with an impending expressions of interest campaign to commence mid-year for Morris Moor’s carefully master-planned hospitality precinct.

Three tenants have already been secured for the site including:

<ul>
<li>Little Learning School: a 140-place childcare centre set to transform and breathe life into one of the site’s oldest warehouses fronting Chesterville Road</li>
	<li>Clik Collective: a co-warehousing facility in excess of 6,000 sqm from the operators of the well-known Kensington Collective</li>
	<li>Schotts Home Emporium: Melbourne’s much-loved furniture retailer who has already commenced the fit-out of their new 4,140 sqm showroom facility within one of Morris Moor’s far east buildings.</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/building01_-_lobby.jpg" rel="gallery-all" title="The lobby area of the currently under construction Building 01. Image: Up Property"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/building01_-_lobby.jpg?itok=97VKhlEn" title="The lobby area of the currently under construction Building 01. Image: Up Property" width="580"></a>

<figcaption>The lobby area of the currently under construction Building 01. Image: Up Property</figcaption></figure>Construction commenced this month on Morris Moor’s 5,257 sqm office building, which frames the site on the corner of Chesterville and Cochranes Road. The building has the potential to house up to six tenants ranging from approximately 250 sqm to the whole building.

The building will receive a full refurbishment, providing the brick facade with a face lift that will include new glazed elements and introduce a re-imagined CBD style lobby which will be ready for tenant occupation in the first quarter of 2019.
</body></html>

Up Property pushes ahead with Morris Moor Master Plan

<html><body>
The Melbourne property investment and development company, Up Property, has unveiled plans to transform Moorabbin’s 60-year-old Philip Morris manufacturing site into a business park.
Designed to bring inner city urban culture to the Bayside pocket, the landmark location has been named Morris Moor – in a nod to the site’s location, rich history and significance in the local community.
<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/2018/5/2/GENT9345_Moorabbin%20HQ_E02_Building%201_Hero%20Corner_A1CMYKR%20copy.jpg" alt="">
It will be a multi-use community precinct worth in excess of $100 million upon completion.
“Our vision is for Morris Moor to become an iconic destination for Melbourne and the local residential and business community to work, play, eat and drink,” Up Property managing director Adam Davidson said.
“Upon taking ownerships of the site in May last year, we received overwhelming interest from businesses looking for opportunities beyond that of a typical office precinct – from gymnasiums and coffee roasters to indoor golf simulators and cinemas.”
Upgrading an area predominantly known for being an industrial precinct, Up Property will be working alongside property development and advisory agency, Connect Plus Property Solutions.
The plans to repurpose the original site features over 50,000 square metres of leasable space across an existing eight buildings.
Director of Connect Plus, Simmy Abraham said that rather than demolishing the original buildings and disregarding the site’s history, Up Property has recognised the iconic location and have taken the more challenging path of transforming the original buildings into the contemporary, industrially inspired, Morris Moor.
A permit has already been received for the 6.27-hectare site, which upon completion and full capacity, will yield in excess of 1,600 new jobs for the Moorabbin community, doubling the amount that were employed at the site in its previous life as a manufacturing mecca.
Architects, Genton Architecture, undertook the masterplan.
Morris Moor features approximately 2,879 square metres of hospitality space, designed in consultation with award winning architecture and interior design firm Techne. 
Construction began this month on Morris Moor’s prominent office building, which frames the site at its well-known corner on Chesterville and Cochranes Road.
Boasting 5,257 square metres of office space across two levels, the building has the potential to house up to six tenants ranging from approximately 250 square metres to the whole building.
The building is set to become the best offering of office accommodation in the local area, receiving a full refurbishment, including a new facelift to its facade and a reimagined CBD style lobby which will be ready for tenant occupation in the first quarter of 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/2018/5/2/BUILDING01%20-%20LOBBY.jpg" alt="">
Three tenants have already been secured for the site including:
<ul>
<li>
Little Learning School: a 140-place childcare centre set to transform and breathe life into one of the site’s oldest warehouses fronting Chesterville Road
</li>
<li>
Clik Collective: a co-warehousing facility in excess of 6,000 square metres from the operators of the well-known Kensington Collective
</li>
<li>
Schotts Home Emporium: Melbourne’s much-loved furniture retailer who has already commenced the fit-out of their impressive new 4,140 square metre showroom facility within one of Morris Moor’s far east buildings.
</li>
</ul>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Philip Morris Moorabbin manufacturing site to be transformed into new urban destination

<html><body>
A Moorabbin office and warehouse facility has been sold pre-auction to an owner-occupier for $2.5 million.
The private sale was negotiated through Savills directors Gareth Jackson and Lynton Williams, in conjunction with Just Commercial.
According to Jackson, the former Shannon’s Classic Car auctions property was well suited to the purchaser’s requirements.
"The purchaser jumped on this property because it was so well suited to its requirements that it did not wish to let it go to auction and risk losing it,’’ Jackson said in a statement. 
He said the location on busy Warrigal Road also provided the purchaser with excellent exposure and ease of access for clients and staff.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-cheltenham-502261450" target="_blank">321 Warrigal Road</a> property comprises a modern, 1481 square metre building including a  two level office component with a quality kitchen and fit-out, and a clear span warehouse on an 1820 square metre site.
Explaining the pre-auction exchange, Jackson said the purchaser, who is also currently a tenant, had taken advantage of low interest rates to buy in what was a favorable market for owner-occupiers.
"Owner-occupation is a hot market at the moment across the south-east and particularly in the Moorabbin/Cheltenham region and we’re likely to see more such sales as opportunities arise,’’ Jackson added. 
The property was sold with vacant possession by a private Melbourne-based investor.
</body></html>

Owner-occupier pays $2.5 million for former Moorabbin Shannon’s Classic Car auctions space

<html><body>
A Chinese investor has bought a fully leased dental clinic at Moorabbin for $4.8 million on a 6 per cent yield, in a deal brokered by Savills' Clinton Baxter and Julian Heatherich.
The single level, <a href="https://www.realcommercial.com.au/property-retail-vic-moorabbin-502166194" target="_blank">402 South Road</a> property comprises a fully refurbished building with a brand new state-of-the-art fit-out on a 647 sqm corner, Activity Centre zoned site.
It has two street frontages. 
Baxter said the property was sold with a 10-year lease with options to global healthcare group Bupa at a current net annual rental of $287,596.
He said the clinic had been operating for nearly 70 years over which time it had established a huge client base.
"The fact that the property was fully let to an international tenant on a long term lease and that the premises’ fit-out was state-of-the-art, made this a must consider for private investors and the result reflected that,’’ Baxter said.
Heatherich said demand for such investments was at an all-time high with the huge volume of investment sales over the last few years resulting in a diminishing number of opportunities.
The vendor was a local private investor.
</body></html>

Chinese investor pays $4.8 million for Moorabbin clinic through Savills

<html><body>
Luxury homes designer and builder, Knight Building Group, has agreed terms on a new office/warehouse lease at Moorabbin in Melbourne’s south-east in a deal brokered by Savills Australia.
The 13 Lennox Street property comprises a 1,000 square metre building that includes a warehouse on 900 sqm and the rest for office space.
Knight Building will pay $60,000 per annum on a three-year lease with options. 
Savills director Gareth Jackson, who brokered the deal, said the Melbourne-based firm required a facility to expand its existing Caulfield office to service its bayside projects and that offered easy access to transport links.
The property benefits from easy access to Melbourne’s bayside suburbs via South Road, the Nepean Highway and Dingley Bypass, said Jackson.  
</body></html>

Moorabbin

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Moorabbin

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News