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>

Joel Robinson

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 

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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.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Office

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Vacancy rates in Perth’s CBD office market are expected to remain above 10% for the next four years at a minimum, according to BIS Shrapnel.
The  Perth Commercial Property Prospects 2014 to 2024 report found that even when an optimistic scenario was tested for Perth, modelling the impact of high levels of minerals production on office demand, the vacancy rate will increase to around 15% by June 2015. It was then expected to decline to 12% by 2018.
Currently, the vacancy rate sits at 10% to 13%.
BIS Shrapnel’s senior project manager and report author Lee Walker said that the forecasts suggest that engineering construction is to fall by a third over the next four years, and the drop in resources investment – a key driver for office space – will leave the absorption of this commercial stock very weak.
“The real problem on the demand side is that the downturn in resources investment has only just begun. It is the investment phase of the cycle, and particularly growth in investment, that underpins employment within office buildings and which drove the record levels of net absorption of office space in Perth in recent years” said Walker.
There are also a significant number of new completions in the pipeline, with 164,000 square metres of new completions currently under construction set to enter the market by December 2015.
“Even though around 65% of this new office space is pre-committed, we are worried about the volume of un-committed space, as well as the back-fill space that will be created as tenants relocate. All this space will need to be absorbed and we don’t believe there will be enough demand,” Walker said.
If this situation was to be turned around, an “exceptionally strong growth stimulus from export growth” would be needed to generate enough office demand to complete the additional space built in the next 18 months. Walker warned that he does not foresee this occurring.
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jduke-EHk3XBmHkn

Perth office market needs “exceptionally strong growth stimulus”: BIS Shrapnel

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One of St Kilda Road’s prominent office towers, the St Kilda Road police complex has been listed for sale.
It is situated on a corner site at 412 St Kilda Road.
The 21 level office building has the potential for a residential conversion with St Kilda Road having been one of Melbourne’s sought after apartment locations.
The planned residential conversions are tipped to put St Kilda Road’s office vacancy rate in single figures by 2017 with an average of 13,267 square metre of office stock expected to be removed annually over the next five years.
With Victorian Police not extending its lease over the property beyond mid-2016, the <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-501203687" target="_blank">sales campaign is </a><a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-501203687" target="_blank">underway through </a><a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-501203687" target="_blank">CBRE’s Mark Coster, Mark Wizel and Josh Rutman</a> in conjunction with Dawkins Occhiuto’s Walter Occhiuto and Andrew Dawkins .
Offers close 31 July for the building located at the city-end of St Kilda Road.
The property’s Commercial Zone 1 zoning under the Port Phillip Planning Scheme aims to create vibrant mixed use commercial centres for retail, office, business, entertainment, residential and community uses. 
However current residents complain there is a lack of suitable supermarket retail along the strip.
The property’s corner location, with three street frontages allows good natural light and views of the Royal Botanic Gardens, the Shrine of Remembrance and the CBD, as well as Albert Park Lake and Port Phillip Bay.
Another offering comes from the boutique fund manager Calibre Capital 
The nine-level tower at 509 St Kilda Road has almost 19,700 square metres space, with tenants including Transfield and Australia Post
It is near the Commercial Road junction backing onto Fawkner Park. 
Abacus sold the 18-storey building at 484 St Kilda Road for $94 million which was bought three years ago for about $68 million.
Two years ago, Newmark Property acquired the 20,500-square-metre tower at 417 St Kilda Road from Challenger for $81.3 million.
Singapore’s International Healthway Corporation acquired 553 St Kilda Road for $45 million.
IHC purchased 541 St Kilda Road for $35.75 million.
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jchancellor-FAypfDUnLy

Residential conversion mooted for St Kilda Road police centre

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Those who doubt the merits of flexible office environments may get the chance to experience them first hand with Inhabit.
Designed by furniture supplier Stylecraft in collaboration with POMT and Woods Bagot, the centre is located in Stylecraft's Sydney show room.
People will have the opportunity to test the merits of flexible activity based work office spaces with Inhabit, a space designed by furniture supplier Stylecraft in collaboration with POMT and Woods Bagot.
The fully functioning office will be open to Stylecraft’s clients and partners, who can book the space for a pilot group to test and try. Stylecraft’s managing director Anthony Collins says users will be able to carry out their usual work at Inhabit.
“We have created a space like no other in Australia,” said Collins. “User groups can spend a day or even a week at Inhabit for an immersive experience of flexible working – and still be doing their day jobs while they are there.”
Custom printed smartcards which give testers access to individual lockers and spaces in the office were supplied by POMT.
Users can book zones, desks and meeting rooms through an online system and individual screens in each bookable zone. WiFi is available throughout the entire office.
The office showcases the latest workplace trend: Bring Your Own Device, or BYOD, with staff members able to hook up laptops, tablets and smartphones to video conferencing equipment, screens, and an “interactive smart wall”.
Jeremy Pollack, director of strategy and development for POMT, says versatility is central to the space’s design.
“The challenge we had was not just designing technology to work for one company’s users, but for many companies’ users,” said Pollack.
“It’s BYOD taken to its extremes. We had to consider multiple different devices and multiple different applications which all have to work with the collaborative and AV technologies deployed.”
Since its June opening, a number of pilot groups have already tested out Inhabit.
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jrichardson-uRX5hFdKfN

Flexible workplace open to trial at Inhabit 

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The creative digital agency, T-Brone Productions, has moved into Nick Manettas’ $24 million York Street, Sydney building.
Manettas, the founder of Nick’s Seafood and Nick’s Bar &amp; Grill, has had success with a range of tenants at this building.
T-Bone Productions have leased 208 square metres at 7/61 York Street, Sydney. This will be on a three-year lease with a gross rental at $680 per square metre per annum, or $141,440.
Ray White Commercial’s John Skufris and Anthony Harris who negotiated the deal said that T-Bone Productions was moving into the building due to its larger size, having previously been located at King Street Wharf.
“This is a partitioned offering with meeting room, boardroom, two executive offices and communications room all within close proximity to Wynyard Station,” said Skufris.
The building offers the option of whole floor tenancies and exclusive use of oversized balconies.
Interest had been received from office, insurance and software groups among others.
On the ground floor is a café and there is also a basement bar, Stitch, created by Karl Schlothauer and Christophe Lehoux, known also for Darlinghurst's Pocket bar and Surry Hills, Foveaux Street's Button bar.
Internet service company Rakuten Linkshare has also leased 151.90 square metres on level four, at $625 per square metres per annum with a two year lease term.
In March Arch Underwriting took a three year lease over 208 square metres for $685 per square metre per annum.
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Nick Manettas’ Sydney CBD building sees T-Bone Productions move in

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DLA Piper's Sydney office has relocated from 201 Elizabeth Street to new premises at No.1 Martin Place in the heart of Sydney's business and financial community.
 Following one of the largest leasing transactions in the Sydney CBD last year, DLA Piper now occupies four floors in the 24-storey high rise building.
The building is owned by <a href="https://www.no1martinplace.com.au" target="_blank">No.1 Martin Place</a> Trust and the Charter Hall Office Trust.
They have taken a 10-year lease term, DLA Piper managing partner, Australia, Andrew Darwin says.
The new, predominantly open plan, office space was designed in consultation with Woods Bagot and was constructed by FDC. 
"The workspace aligns with key principles including connectivity, collaboration, confidentiality, efficiency, future proofing, apprenticeship and to support DLA Piper's global vision to be the leading global business law firm. 
"The client floor includes the latest in virtual meeting and other audio visual technologies, as well as large open plan function and meeting space, including a 400 square metre outdoor terrace," he said.
 The three work floors are connected with a central spiral stairwell, and include community and break out zones, quiet and meeting rooms, offices and workstation hubs.
DLA Piper was represented by Michael Kearins, director of Cushman &amp; Wakefield’s Occupier Services business. 
The leasing of No.1 Martin Place has been managed by CBRE’s James Patterson and Jenine Cranston in conjunction with Greg Fisher and Mark Semple of DTZ.
 
 
 
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DLA Piper relocate to No.1 Martin Place

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BIS Shrapnel notes that there will be little change over 2014 for Sydney’s CBD office vacancy, having anticipated that the recovery in net absorption of office space will be slow.
The modest recovery will be underpinned by three factors:
<ol>
<li>Stronger business confidence 
</li>
<li>Robust share market performance 
</li>
<li>Economic growth picking up at state/national level</li>
</ol>
These reasons may make it more likely that companies will lease more office space, but even so it is unlikely to affect the vacancy rate, according to BIS Shrapnel’s Sydney Commercial Property Prospects 2014 to 2024.
By the end of this year, we’re expecting vacancies to have fallen by 0.3%.
Lee Walker, senior project manager and report author, said that the pick up in net absorption would provide a welcome relief for office landlords.
“[Some] market participants expect office stock withdrawals for residential conversion will see the CBD market tighten rapidly as developers look to take advantage of a strengthening residential market. However, the importance of withdrawals for residential conversion in the near term should not be over-stated,” said Walker.
<img 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" alt="">
Not all planned conversions will occur immediately, with existing tenant leases slowing down the process.
This has BIS Shrapnel expecting that over the next three years, 110,000 square metres of office space will be permanently withdrawn from the CBD. Just 20,000 of this is expected over 2014.
“Unfortunately, anyone hoping for a quick turn around in the Sydney CBD office market is likely to be disappointed” concluded Walker.
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The three factors behind Sydney's office market recovery

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A freestanding office building at Braeside, in Melbourne’s south-east, has been purchased by an accounting firm for $1.165 million.
It is a 509 square metre, two-level building with glass paneled façade. At 232 Boundary Road it also includes 21 on-site carparks on a 1,113 square metre site, and is fully-fitted office accommodation.
The firm is expected to occupy the top floor.
The property was sold subject to the ground floor lease returning $45,000 per annum net.
The property was bought at an auction held by Savills Australia Notting Hill.
Selling agents Daniel Kelly and Cameron Stuckey said that it would benefit from infrastructure and amenity redevelopment nearby Moorabbin Airport.
“This was an ideal purchase for a firm which was looking for an attractive, well-located, building which could also offer both capital growth and ongoing rental returns,” Kelly said.
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Melbourne office snapped up by accountant for $1.165 million

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GUEST OBSERVATION
From a single collaborative workspace in San Francisco in 2005, coworking has ballooned into a popular movement, with an estimated 3,000 spaces around the world.
Tim Butcher and Julian Waters-Lynch explain how the principles of coworking also offer advantages for big businesses, as well as for freelancers and individuals.
{qtube vid:=XB7zxBHRfho}
Julian Waters-Lynch is a PhD Candidate at <a href="https://www.rmit.edu.au/" target="_blank">RMIT University</a>. Julian is a member and previous employee of Hub Australia.
Tim Butcher is senior lecturer, School of Management at <a href="https://www.rmit.edu.au/" target="_blank">RMIT University.</a> Tim is a Hub Melbourne member.
This video is a co-production between <a href="https://www.sbs.com.au/news/" target="_blank">SBS World News</a> and The Conversation.<img src="https://counter.theconversation.edu.au/content/27443/count.gif" alt="The Conversation" width="1" height="1"> This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>.
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po-LsXgBTHBmX

VIDEO: Coworking – the benefits of collaborative workspaces

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Property and facilities management teams need to work collaboratively with information technology and human resources departments to create the most effective workplaces, according to a supplier of workplace technology.
Each department played a role in understanding how employees who work in a building use the space, in changing the environment to improve utilisation and in measuring responses to modifications, POMT director of strategy and development Jeremy Pollak said.
“It’s about finding what the right solution is for the different place-types in the organisation,” Pollak said.
He said there was no one-size-fits-all solution for every organisation as people with different jobs required different features in their workplace.
People who work as software engineers, for example, spend a lot of time at a desk, while business managers might spend most of their time in meetings.
Software development company Atlassian has been working with POMT on its designing and managing its offices.
Atlassian global head of real estate Brent Harman said the company had been reviewing its workplace design, taking cues from the way it develops software through iterative, regular, small updates.
“We are getting comfortable in our workplace and experience team that we are not going to be able to design an end state [for the offices]. We have to be comfortable in an environment of constant change,” Harman said.
Support from information technology departments was needed to ensure systems were implemented correctly, while human resources teams had to be involved in helping staff members adapt to change, Pollak said.
“In all projects we are trying to get people to feel comfortable with the technology. That starts with it being integrated within the design. It needs to be easy to use,” he said.
Demand is growing for room booking and management systems and space utilisation data as companies become increasingly interested in pursuing efficiency and reducing property costs.
Devices such as sensors that indicate when a desk is occupied are being installed in some corporate offices to monitor space usage.
Some companies were requiring staff to swipe a security card when they used a meeting room to indicate how many people attended meetings that had been booked into particular rooms.
These technologies supported new work methods such as activity based working and agile work practices, although they could also be used in more traditional work environments, Pollak said. 
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Property and facilities management require collaboration for workplace efficiency

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Office space is increasingly being turned into residential, according to JLL’s Pulse report, which notes that the Sydney CBD is leading the charge on this trend.
They noted that there are four points supporting this shift:
<ol>
<li>Historically low residential mortgage rates 
</li>
<li>Long term undersupply of dwellings 
</li>
<li>Rising office vacancies, declining office rents 
</li>
<li>Rising levels of offshore interest in the residential market</li>
</ol>
In Greater Sydney, developers are competing for sites, and demand for residential property is high, with a vast undersupply.
Softening demand for secondary office stock, as prime institutional grade stock becomes scarcer, has seen yields widen between the two. Understandably, office block owners are looking into their residential options and others to buy on the basis of conversions.
In 2013, they estimate that 46,940 square metres of national office space was withdrawn for residential redevelopment. This almost doubles that seen in 2012, with 25,794 square metres recorded, an increase said to be due to Asian influences. This trend is expected to continue over the next year.
DA approved sites for residential conversion in Sydney CBD:
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="110">
Address 
</td>
<td width="53">
Precinct 
</td>
<td width="62">
Office GFA 
</td>
<td width="66">
Residential GFA 
</td>
<td width="62">
Units 
</td>
<td width="67">
Owner Origin 
</td>
</tr>
<tr>
<td width="110">
19-31 Pitt Street
</td>
<td width="53">
Core
</td>
<td width="62">
7,000 sqm
</td>
<td width="66">
4,607 sqm
</td>
<td width="62">
19
</td>
<td width="67">
Australia
</td>
</tr>
<tr>
<td width="110">
Goldfields House, 1 Alfred Street
</td>
<td width="53">
Core
</td>
<td width="62">
24,097 sqm
</td>
<td width="66">
40,341 sqm
</td>
<td width="62">
197
</td>
<td width="67">
US 60% Netherlands 40%
</td>
</tr>
<tr>
<td width="110">
Coca Cola Amatil Building, 71 – 79 Macquarie Street
</td>
<td width="53">
Core
</td>
<td width="62">
9,918 sqm
</td>
<td width="66">
12,819 sqm
</td>
<td valign="bottom" nowrap width="62"> </td>
<td width="67">
Australia
</td>
</tr>
<tr>
<td width="110">
Hudson House,127-131 Macquarie Street
</td>
<td width="53">
Core
</td>
<td width="62">
12,168 sqm
</td>
<td width="66">
12,168 sqm
</td>
<td width="62">
12
</td>
<td width="67">
N/A - Strata
</td>
</tr>
<tr>
<td width="110">
161-165 Clarence Street &amp; 304 Kent Street
</td>
<td width="53">
Western Corridor
</td>
<td width="62">
5,408 sqm
</td>
<td width="66">
15,902 sqm
</td>
<td width="62">
220
</td>
<td width="67">
Australia
</td>
</tr>
<tr>
<td width="110">
The Castlereagh,141-149 Bathurst Street &amp; 209 Castlereagh Street
</td>
<td width="53">
Mid-town
</td>
<td width="62">
1,418 sqm
</td>
<td width="66">
4,957 sqm
</td>
<td width="62">
54
</td>
<td width="67">
China
</td>
</tr>
<tr>
<td width="110">
York &amp; George, 379-385 George Street &amp; 38-48 York Street
</td>
<td width="53">
Mid-town
</td>
<td width="62">
10,178 sqm
</td>
<td width="66">
15,207 sqm
</td>
<td width="62">
199
</td>
<td width="67">
Australia
</td>
</tr>
<tr>
<td width="110">
Greenland Centre (Sydney Water Site), 115-119 Bathurst Street
</td>
<td width="53">
Mid-town
</td>
<td width="62">
5,000 sqm
</td>
<td width="66">
66,720 sqm
</td>
<td width="62">
595
</td>
<td width="67">
China
</td>
</tr>
</tbody></table>
Source: JLL
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