A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

North Sydney

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Propertylink Group (ASX:PLG) has announced that the Propertylink Enhanced Partnership (PEP) has entered into a contract for the sale of 80 Mount Street, North Sydney for $71 million.
The sale price represents a 29 percent premium to current book value and delivers an annualised total equity return of 58 percent while reflecting an initial yield of 4.32%..
Propertylink has a 25 percent co-investment in the PEP fund with Goldman Sachs holding the majority interest of 75 percent.
Following the sale of 80 Mount Street, the fund comprises of 8 office and industrial assets.
Completion of the sale is unconditional and is expected to occur in November.
The sale will contribute approximately $3.5 million in co-investment income to Propertylink’s distributable earnings in FY18.
80 Mount Street is a B-grade office tower comprising of 6,204 sqm of net lettable area across 14 levels.
The building was acquired by Propertylink, via the PEP fund, as part of the acquisition of the Denison Portfolio in August 2016.
Propertylink’s Chief Investment Officer, Peter McDonald said “Since the acquisition of 80 Mount Street, we have deployed a targeted capital expenditure program to refurbish and upgrade the building. Most significantly however, we have undertaken extensive leasing activity across 55 percent of the building area, driving occupancy from 75 percent to 92 percent over the last two years.”
With the approval of Goldman Sachs, Propertylink commenced a campaign to market the property for sale in July 2018.
“The sale campaign attracted unprecedented levels of interest from both local and offshore groups who were attracted to the location of the asset in the heart of North Sydney, a market with upside potential and just 6.3% vacancy,” Mr McDonald said.
The selling agents for 80 Mount Street were Knight Frank’s Tyler Talbot and Dominic Ong and CBRE’s James Parry, Kenny Duncanson and Sharon Yang.
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j.ballantyne1990-6AQqhLzZaK

Propertylink has divested a North Sydney office tower for a 58% return

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A new ground floor lobby commissioned by Charter Hall, has transformed the building into a community hub.
The occupants were given charge of the design, activities and offerings at 65 Berry Street in North Sydney.
It includes a ‘Wellness Area’ with complimentary yoga and pilates, an auditorium which can be hired for events and used by tenants free of charge, North Sydney’s only Not For Profit café, an artists studio and a variety of events including Wellness Weeks, after work drinks and morning teas.  
“It’s exciting to see landlords going to extra lengths to attract and retain tenants,” said Michael Arcus, director office leasing at Colliers International. 
The ground floor at 65 Berry Street originally contained a series of offices (approx. 1000sqm) which has been redesigned into a collaborative lobby space. 
Architects WMK responded with a beautiful minimalist design incorporating a wellness area, artists studio, exhibition space, auditorium and communal environment.
Symbol Café , a Not-For-Profit café – the only one of its kind operating in North Sydney – which donates 100% of its profits back to the community. 
Symbol has a menu of locally-sourced, sustainable and organic food.
On payment, customers simply choose a charity to donate to causes like Ozharvest, Greenfleet and Eat Up, and can see these contributions displayed on a board at the café. 
“A Not-For-Profit cafe is an extremely rare entity – I have never leased anything of this nature throughout my 15 of years in the industry,” Michael Arcus said.
 <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/2018/6/18/65%20Berry%20Street%202.jpg" alt="">
The lobby at 65 Berry Street is also home to Project 504, a collaborative artist’s studio sponsored by Charter Hall which has been established to provide an outlet for artists to showcase their work outside the mainstream gallery scene, offering artists a supportive creative working environment.
The paintings, some of which have been showcased at the Archibald, are displayed in the lobby. 
<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/2018/6/18/65%20Berry%20Street%203.jpg" alt=""> 
 
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Tenants inspire new lobby at Charter Hall's 65 Berry Street, North Sydney

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A development application seeking concept approval has been lodged with the New South Wales Planning &amp; Environment department and is currently on exhibition via the department's Major Projects website.

The application seeks approval for a building envelope, maximum gross floor area, land uses, future subdivision and general development strategies to inform the future detailed design of the over station development on a site bounded by Miller Street, Berry Street, Denison Street and the heritage listed MLC Building in North Sydney.

The L-shaped site of the Victoria Cross station and over station development (OSD) concept slopes from a high point of 66.5 metres near the corner of Miller and Berry Streets downwards, in an easterly direction, toward the Denison Street frontage.  

The bulk of the of the envelope is massed within a 42 level tower setback from Miller Street, however, the Denison St frontage has a continuation of the envelope which reaches 15 levels.

Documents lodged with Major Projects shows an envelope that stands at 230m RL, producing a building envelope height between 163.5 metres and 171 metres above ground, depending on which street frontage you use as the ground level.  The application refers to the concept's nominal height at 168m.

Application proponent Transport for New South Wales says as a result of building the Sydney Metro and the Victoria Cross station, North Sydney will be "only six minutes to the heart of the city at Martin Place and four minutes to Barangaroo, North Sydney will be more connected than ever before."

<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/victoria_cross_concept2.png" rel="gallery-all" title="Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW"><img alt="" class="image-article-full-width-580px" height="559" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/victoria_cross_concept2.png?itok=QOY6tcDi" title="Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW" width="580"></a>

<figcaption>Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW</figcaption></figure>The concept has a total of 67,000 square metres of gross floor area - 60,000 relates to the over station development, 2,500 square metres for the station operations and 4,500 squares for retail components attached to the station.

The 168-metre envelope seeks approval for 40 commercial levels and 2 for rooftop plant equipment.  The low-rise portion of the building envelope fronting Denison Street measures approximately 55 metres in height and can fit approximately 15 levels.

Sydney Metro City &amp; Southwest is the second phase of the Sydney Metro project that will join the first phase at Chatswood and see trains run through North Sydney, Barangaroo, the CBD, Waterloo, Sydenham and then out to Bankstown. 

Phase 1 of Sydney metro will open in 2019 and see driverless trains run from Tallawong at Rouse Hill to Chatswood.  Services will operate every 4 minutes in the peak and the same operational frequencies are anticipated to extend through to phase 2 when it opens in 2024.

To view the concept's planning application, see <a href="http://www.majorprojects.planning.nsw.gov.au/index.pl?action=view_job&amp;job_id=8874">majorprojects.planning.nsw.gov.au</a> 

Lead image credit: TfNSW.
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Alastair Taylor

Victoria Cross over station development concept application on exhibition

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The US consulate general Sydney will move to North Sydney after 25 years at the MLC Centre headquarters in Sydney's Martin Place.
It has secured a lease at the A-grade office tower 50 Miller Street.
The United States of America has leased 6000 square metres of office space across levels five to 10 at the 10-storey tower.   
Cadigal's Craig Dolman negotiated the new 12-year lease with options, one of the biggest leases in North Sydney.
Sumner Capital and Prime Super have refurbished the property since their purchase in 2014.
North Sydney will have its own new metro station.
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US Consulate off to North Sydney

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Multiplex has been appointed by Winten Property Group to deliver its $1 billion 1 Denison Street commercial office tower in North Sydney.
The 37-level commercial office tower will be the largest and tallest building within the North Sydney CBD.
Providing more than 60,000 square metres of premium office space and basement parking for 225 cars, it was designed by architects Bates Smart.
A signature feature of 1 Denison Street is the public forecourt area with a fusion of urban structures and natural features as well as retail, restaurants and bars over two levels.
“We are excited to move forward with Multiplex and continue to deliver our latest office tower to North Sydney, which will become the new home of the Nine Network,” said Stuart Vaughan, development director at Winten Property Group.
Nine Network has committed to a 17,700 square metre lease in the building which will house its newsroom and studios.
Innovative features of the tower design include a side core, providing super-sized contiguous floor plates of 2,000 square metres – the largest available in the North Sydney CBD office market.
The generous floorplate designs with raised floors also deliver maximum flexibility to create dynamic interconnected spaces across and between floors.
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It also offers natural light and views from all sides with panoramic Sydney Harbour views from upper levels.
With sustainability underwriting its design, 1 Denison Street has been designed to meet 5 Star Green Star, 5 Star NABERS and Wellness Rated standards.
1 Denison Street is scheduled for completion in 2020.
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Multiplex to build Channel 9's new North Sydney HQ

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The latest research from North Sydney Cityscope shows sales have decreased in total value in the quarter to January 2018.
Sales recorded in the most recent quarter totalled $730.3 million from 50 sales, a decrease in total value compared to the $962.3 million from 71 sales in the quarter to October 2017 and an increase from the $539.4 million from 71 sales in the quarter to July 2017.
This quarter brings the twelve-month total value of sales to $2.752 billion, a large increase from the $1.872 billion recorded for the previous year.
The table below shows sales recorded for the past eight updates of North Sydney Cityscope.
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Notable sales for the January 2018 update of North Sydney Cityscope include:
<ul>
<li>Charter Grove at 29-57 Christie Street Mall, Crows Nest, a seven-storey office building over a three-level basement car park for 307 cars and a building area of 14,400 sqm and Charters Grove Sports Complex at 29 Christie Street Mall, Crows Nest, which includes a swimming pool, tennis court and a child care centre, were bought together for a total of approximately $160 million through Savills;</li>
<li>73 Miller Street, North Sydney, a 12-storey commercial building with ground floor retail, a restaurant and two levels of basement car parking for 159 cars and with a net lettable area of 14,670 sqm, which was bought for $150 million and</li>
<li>A half share in the Cisco Systems Building at 201 Pacific Highway, North Sydney, a 10-storey commercial building with 8 additional levels of basement car parking for 262 vehicles and a net lettable area of 16,578 sqm, was bought for $85.8 million. </li>
</ul>
<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/2018/2/6/ns%202.jpg" alt="">
Properties listed as for sale in the January 2018 update in the areas covered by North Sydney Cityscope include: 
<ul>
<li>The stalled Davenport development at 563-565 Pacific Highway, St Leonards, a development site at excavation stage on a 284 sqm block, which is for sale through Property Fox; </li>
<li>118 Alexander Street, Crows Nest, a single-storey house on a site area of 390 sqm, which is for sale through Property Fox and</li>
<li>254 Military Road, Neutral Bay, a two-storey brick building with ground floor retail and a building area of 220 sqm, for sale through Victor Kelly Estate Agent. </li>
</ul>
Leasing opportunities in the January 2018 update in the areas covered by North Sydney Cityscope include:
<ul>
<li>141 Walker Street, North Sydney, a 24-storey office building which comprises basement parking for 209 cars, ground floor retail space and landscaped terrace and forecourt, ground and upper ground level shops and restaurant, and 22 floors of offices, which has office space of 200 to 3,755 sqm available through Dexus Property Group; </li>
<li>Northpoint at 100 Miller Street, North Sydney, a 32-storey office building of with a two-level arcade of specialty shops and basement parking for 423 cars over 6 levels, has office space of 26 to 941 sqm available through JLL North Sydney and Colliers International and</li>
<li>170 Pacific Highway, McMahons Point, a five-storey building with retail space on the ground floor and commercial space on the upper floors, with basement parking for 129 cars, which has office space of 300 to 1,200 sqm available through Cadigal Office Leasing.</li>
</ul>
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North Sydney commercial property market update; Citiscope

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A boutique office building in North Sydney belonging to Property Bank Australia and Security Capital Corporation is on the market.
The <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502573538" target="_blank">75 Miller Street</a> property is being marketed by Knight Frank’s Tyler Talbot and Dominic Ong along with CI Australia’s Bevan Kenny and Chris Veitch.
The vendor expectations are in the range of $50 million, Fairfax Media added.
Talbot said the asset, which is almost fully leased, is well placed to capture future growth in the sought after North Sydney market and will appeal to both local and offshore buyers.
“We are seeing a great deal of growth in North Sydney’s secondary office space, with further stock withdrawals tightening supply and dramatically increasing net effective rental returns for investors," he said.
Knight Frank research forecasts an average of 10.36% net effective rental growth per annum over the next three years for North Sydney B-grade stock.
Situated on 777 sqm of land area, 75 Miller Street spans 4,930 sqm and is a fully-refurbished boutique asset.
The property features multiple subdivision options and captures harbour views.
It is close to public transport and its onsite amenities includes a ground-floor café, gym and childcare centre.
The property is being marketed through an expressions of interest campaign that ended on October 26.
 
 
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North Sydney office building listed for sale with $50 million hopes

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Commercial property in northern Sydney’s CBD is witnessing a price surge because of the introduction of the metro line, if recent deals are an indication. 
A refurbished Northpoint commercial property at <a href="https://www.ciaustralia.com.au/listing.aspx?SurgaWebListingId=107977&amp;ViewType=F" target="_blank">116 Miller Street and 173 Pacific Highway</a> in North Sydney was recently scooped up by a Chinese investor for $135 million.
The property doubled in value in just six years. It last traded for $60 million in 2011, and was jointly bought by Property Bank Australia, Security Capital Corporation and RG Property, reported The Australian Financial Review.
The vendors have now capitalised on the rising value of the 11,368 sqm office and retail property located opposite the future Victoria Cross Metro Station, making a $75 million gain. 
The A-grade building has retail spaces and refurbished offices. Its tenant profile is strong, with Commonwealth Bank, ANZ, and National Australia Bank among them.
The building sits on a 2,304 sqm site and has a weighted average lease expiry of 3.4 years.
Property agents concur that the upcoming metro line, which will improve travel times, will push up prices and rents as stock is withdrawn and creates more competition in the market.
In the first half of 2016, 28,265 sqm were withdrawn in North Sydney with an additional 72,538 sqm mooted for withdrawal over the next five years. 
Meanwhile, yields have been compressed as have sizes of leases to sub-500 sqm. 
Gross rents rose by up to $80 a sqm in the first half of 2016 and vacancy is about 7 per cent.
Corelogic's Cityscope showed that sales in North Sydney increased in total value in the quarter to April 2017.
The deal for 116 Miller Street and 173 Pacific Highway was struck by Knight Frank's Tyler Talbot, Dominic Ong and Angus Klem and CI Australia's Bevan Kenny and Chris Veitch.
 
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jonathanchancellor-7SQnKwU6yx

Northern Sydney commercial property price surge no hindrance to Chinese investors

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Investment in new developments, amenity and infrastructure have bolstered rents in North Sydney despite vacancy increasing marginally, according to Colliers International’s latest Metro Office report.
B Grade net face rents increased an impressive 17.8 percent in the year to March 2017, the highest in Colliers Edge records (since 2005).
"A five per cent reduction in incentives, falling to 20 percent, further drove a significant uplift in net effective rents, increasing 29.6 percent over the last 12 months,” the report stated.
A Grade office property rents continue to remain stable Colliers says.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" target="_blank">Click to enlarge</a>
<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/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" alt="">
“Meanwhile, A Grade net face rents remained stable, with the primary driver of an 11.3 percent increase in net effective rents being a 5 percentage point reduction in incentives over the last 12 months to 23 percent.
"Positive net effective rental growth is projected to continue as office supply remains constrained due to hotel and residential conversions, coupled with the Sydney Metro line office acquisitions.
"Approx. 10,000sqm has already been withdrawn with a further 3,000sqm this year to be replaced with the rail line, and a potential 22,000sqm withdrawn for hotel and residential projects by 2019,” the report advised.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" target="_blank">Click to enlarge</a>
<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/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" alt="">
Colliers also says that furthermore, tenants from Milsons Point, McMahons Point and St Leonards have also been displaced due to a number of residential conversions.
“This has further benefitted the North Sydney office market, resulting in an uplift in tenant demand and competition for office space.
"In addition to infrastructure developments, the improvement in amenity is also expected to underpin North Sydney’s strong rental growth moving forward, as it offers a good value proposition to displaced tenants from the CBD due to a large number of withdrawals.
"The upgrade of Brett Whitely Place, a new dining precinct located in Greenwood Plaza at 101 Miller, as well as Woolworths opening in 100 Miller Street are expected to assist in solidifying North Sydney as an extension of the CBD,” the report commented.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" target="_blank">Click to enlarge</a>
<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/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" alt="">
Total market vacancy increased marginally from seven per cent to 7.1 percent according to the PCA Colliers says.
“A and B Grade vacancy increased but were offset by a substantial reduction within premium stock, from 41.2 percent to 25.2 percent vacancy.
"Looking forward, total market vacancy is projected to fall over the next 12 months to 6.5 per cent due to the aforementioned conversion and infrastructure projects along Miller, Walker, Denison, Arthur and Mount Streets, assuming these displaced tenants will relocate within North Sydney,” the report stated.
The next two years will see the CBD office market tightening according to Colliers.
“Over the next two years, the Sydney CBD market will tighten further driving positive rental growth in that market, and as a result more tenants will consider North Sydney as a relatively affordable alternative.
"North Sydney experienced strong net absorption (27,068sqm) for the six months to January 2017 as tenants relocated from outside market boundaries.
"According to the PCA 19,000sqm of net tenant demand was attributed to tenants relocating from other markets to the recently completed 177 Pacific Highway.
"Jacobs relocated from St Leonards, Leighton Holdings consolidated from 11 buildings across Sydney and Vodafone consolidated from their existing North Sydney &amp; Chatswood offices.
"Goodman Fielder also relocated and expanded their footprint within North Sydney from Macquarie Park to secure 3,700sqm in 40 Mount Street.
"In addition, Channel 9 has officially announced its move to North Sydney from Willoughby, occupying Winten Group’s 1 Denison (60,000sqm) scheduled for completion in early 2020, further proving the returned strength of North Sydney’s office market.
"As a general theme to suburban markets, what will be Channel 9’s old building in Willoughby was sold to Hong Kong-based property investors Euro Property with the intention of developing apartments,” the report commented.
A 68 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502383166">Suite 4, 172 Pacific Highway</a>, North Sydney (above) has been listed for over $675,000.
Similarly a 140 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502184706">12 Ridge Street</a>, North Sydney (below) has been listed for $2.5 million.
<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/2017/05/02/12%20Ridge%20Street.jpg" alt="">
A 125 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502361178" target="_blank">Suite 102, 161 Walker Street</a>, North Sydney (below) was sold in April this year for $740,000.
<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%20102%20161%20Walker%20Street.jpg" alt="">
Similarly a 309 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502197646" target="_blank">L1, 73 Walker Street</a>, North Sydney (below) was sold in March this year for $1.75 million.
<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/L1%2073%20Walker%20Street.jpg" alt="">
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North Sydney office rents bolstered by investments in the market: Colliers

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Sales in North Sydney increased in total value in the quarter to April 2017, according to CoreLogic's latest Cityscope.
The property data firm says that sales recorded in the most recent quarter totalled $524.8 million from 68 sales, an increase in total value compared to the $376.3 million from 70 sales in the quarter to January 2017 but a decrease compared to the $566.9 million from 85 sales in the quarter to October 2016.
This quarter brings the twelve-month total value of sales to $1.915 billion, a decrease from the $2.075 billion recorded for the previous year.
The table below shows sales recorded for the past eight updates of North Sydney Cityscope.
<a href="https://www.propertyobserver.com.au/images/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.12%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.12%20pm.jpg" alt="">
Notable sales for the April 2017 update of North Sydney Cityscope include:
<ul>
<li>2 Elizabeth Plaza, St Leonards, a 14-storey commercial building with ground and mezzanine retail space and four basement levels of parking for 157 cars, which sold for $81 million. The sale represented an initial yield of 6.20% on passing income of $5,022,000;</li>
<li>Ogilvy House at 72 Christie Street, St Leonards, an A-grade eight-storey office building with basement parking for 228 cars, which sold for $76 million. The sale represented an initial yield of 8.50% on passing income of $6,460,000;</li>
<li>30 Alfred Street, Milsons Point, a seven-storey building plus basement parking for 20 cars with net lettable area of 3,706 sqm, which sold for $50 million.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.40%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.40%20pm.jpg" alt="">
Properties for sale in the areas covered by North Sydney Cityscope include:
<ul>
<li>Suite 102, 161 Walker House at 161 Walker Street, North Sydney, an office suite comprising 125 sqm on the first floor and one car space, for sale by auction on 9 May 2017 through Raine &amp; Horne North Sydney;</li>
<li>258 Military Road, Neutral Bay, a two-storey retail building on a site of 152 sqm, available through Richardson &amp; Wrench – North Sydney;</li>
<li>12 Ridge Street, North Sydney, a two-storey terrace house with a net lettable area of 140 sqm, available through LJ Hooker Commercial Sydney.</li>
</ul>
Leasing opportunities in the areas covered by North Sydney Cityscope include:
<ul>
<li>116 Miller Street, North Sydney, an eight-storey building with banking and retail space on the ground, which has office space ranging from 500 to 1,424 sqm for lease through Cadigal Office Leasing North Sydney;</li>
<li>141 Walker Street, North Sydney, a 24-storey office building with basement parking for 209 cars, ground floor retail space and landscaped terrace and forecourt, ground and upper ground level shops and restaurant and 22 floors of offices, which has office space of up to 4,697 sqm for lease through CBRE North Sydney and Dexus Property Group;</li>
<li>101 Miller Street, North Sydney, a 35-level commercial building with 5 levels of basement parking for 561 cars, which has office space of up to 15,500 sqm for lease through Mirvac Group and Colliers International North Sydney.</li>
</ul>
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