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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Lendlease has provided a first look inside the world’s tallest and largest engineered timber office building, 25 King, at Brisbane Showgrounds.
25 King includes extensive use of innovative and sustainable building materials – glue laminated timber structural beams and columns and cross laminated timber (CLT) floors – as well as state-of-the-art technology to deliver a true workplace of the future. 
Six of 25 King’s nine levels were completed in less than 12 months.
It is Lendlease’s fifth engineered timber building in Australia and one of several timber projects the company currently has underway across the country.
The building’s owner, ethical investment company, Impact Investment Group (IIG), is <a href="https://www.impact-group.com.au" target="_blank">offering it as a co-investment opportunity for the building.</a>
The pre-formed engineered timber construction means no waste and an energy saving of at least 40%.
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IIG are looking forward to co-investing with new clients in the unlisted IIG unit trust that will own 25 King upon completion, which is targeting an internal rate of return of 11.1% a year. 
The Trust is also targeting a 7.4% average yield post-completion, with 100% tax deferral for at least three years post-completion. 
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Global engineering firm Aurecon will occupy 43.5% of the net lettable area, with IIG joining with developer Lendlease to secure new tenants for the remaining office space.
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j.ballantyne1990-6AQqhLzZaK

Co-investment possibility available in world’s tallest timber tower

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Savills are marketing a two level office space in the centre of the Sydney CBD.
The office space spans levels 14 and 15 of the 22 level building at <a href="http://commercialpropertysearch.savills.com.au/54433174-32c7-e611-80c4-005056816dfc/Lease/Sydney/175-Pitt-Street" target="_blank">175 Pitt Street near Martin Place.</a> 
The building had a substantial upgrade which was completed in 2010.
Each level comprises 1,057 sqm, totalling 2104 sqm of floor area. 
The space is available for $715 per sqm, which equates to just over $752,000, per floor, per annum.
Savills agents Chris Rowe and Christina Malcolm are marketing the lease in the A Grade office block. 
 
 
 
 
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jonathanchancellor-7SQnKwU6yx

Two level Sydney CBD office space for lease through Savills

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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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The Tigers’ roar continues to reach throughout their home suburb, with reigning premiers the Richmond Football Club taking up a Swan Street office for its expanding sports science training program.
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Fitzroys agent Ervin Niyaz negotiated the 3+3-year deal for the 130 sqm space on <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-502373226" target="_blank">Level 1, 226 Swan Street</a> at $35,000 per annum, or $269 per sqm, on behalf of a private landlord.
The space is positioned above Spud Bar and Urban Man on the popular city fringe strip that has emerged as one of Melbourne’s most popular lifestyle and hospitality precinct.
“Office tenants continue to be drawn to the Richmond area given Swan Street expanding its offering of eateries, bars and nightlife venues, the large volume of residential and office development nearby, its convenient transport options and inner-city location, and proximity to Melbourne’s sports and events precinct that includes the MCG, AAMI Park and Rod Laver Arena,” Niyaz said.
He said the club needed extra space for the program in addition to an existing office nearby on Swan Street and its nearby home facilities at Punt Road Oval.
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Tigers' roar spreads through Richmond

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The Victorian Civil and Administrative Tribunal (VCAT) has approved ICON Developments' 600 Church Street commercial office development in Cremorne's growing technology precinct, dubbed 'Silicon Valley.'

Designed by Wood Marsh, 600 Church Street is set to become a prominent, architecturally designed commercial office building that will contribute to Cremorne’s existing industrial context and enhance the streetscape.

ICON worked collaboratively with both project architects Wood Marsh and the City of Yarra to refine the final design and ensure it provides a unique offering for businesses looking to relocate into the fast-growing design and technology precinct.

The approved development will include 5,264 sqm of office space and 535 sqm of retail space over eight levels topped off with a landscaped rooftop terrace, in addition to 71 car spaces, 100 bicycle parks and extensive end of trip facilities located within three levels of basement car parking.

The lure for prospective 600 Church Street tenants is the opportunity to join the thriving creative, retail and technology companies that have based themselves in Cremorne which is fast becoming one of Melbourne’s most attractive commercial markets.

<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/hero_0.jpg" rel="gallery-all" title="600 Church Street will add to Cremorne's growing office development. Image : ICON"><img alt="" class="image-article-full-width-580px" height="792" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/hero_0.jpg?itok=b1r_0iD7" title="600 Church Street will add to Cremorne's growing office development. Image : ICON" width="580"></a>

<figcaption>600 Church Street will add to Cremorne's growing office development. Image: ICON</figcaption></figure><blockquote>
We worked closely with Wood Marsh and the City of Yarra before submitting the development application in June 2017. From here, we further refined the design based on community feedback and subsequently approval was granted from VCAT on 17 April 2018.

City fringe locations like Cremorne continue to attract significant interest from occupiers who would’ve previously only looked at CBD office space, making it one of the strongest performing office markets in Victoria.

With all the existing amenity including some of Melbourne’s best cafés and retail strips, public transport and parks, it’s easy to see why many businesses are making the change.

- Brinn Tavener, ICON Developments senior development manager 
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Demolition of the existing building on site is already in full swing, with the construction of the new development anticipated to commence in June 2018, with a target completion date of  Q4 2019.

600 Church Street joins a growing list of commercial developments within Cremorne with Apartments.com.au currently tracking 10 commercial projects within the database. 

Salta Properties has also afforded a glimpse of its latest commercial development designed by Architectus to be located on Church Street, via its social media channels.

<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/screenshot_20180423-181652_instagram.jpg" rel="gallery-all" title="A glimpse of the interior of Salta Properties' latest Church Street project. Image : Salta Properties"><img alt="" class="image-article-full-width-580px" height="574" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/screenshot_20180423-181652_instagram.jpg?itok=PA-_HVzF" title="A glimpse of the interior of Salta Properties' latest Church Street project. Image : Salta Properties" width="580"></a>

<figcaption>A glimpse of the interior of Salta Properties' latest Church Street project. Image: Salta Properties</figcaption></figure>
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Laurence Dragomir

ICON and Wood Marsh combine for 600 Church Street

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The Victorian home of Foxtel in Moonee Ponds has hit the market.
The campaign, being undertaken on behalf of owners Charter Hall, is the largest metropolitan office sales campaign so far in 2018.
Comprising 7,105 sqm of net lettable area across four levels, the commercial property at 1-21 Dean Street was purpose built for Foxtel in 2004. It has recently undergone a $1.5 million refurbishment.
It has basement car parking for 67 cars and a 176 bay, two level car park adjacent to the building.
Colliers International agents Peter Bremner, Trent Preece and John Marasco are handling the marketing in conjunction with CBRE’s Neva Courts, Luke Etherington and Josh Rutman,
“This is the largest metro office building to be offered to the market so far in 2018,” Peter Bremner said.
 “It comes on the back of a third consecutive year of $1billion-plus sales in Melbourne’s metro office market and is sure to attract huge levels of interest locally, nationally and offshore from private investors, syndicates and institutions alike.”
Bremner said Foxtel staff love the location and surrounding amenity.
The property is situated around 6km north-west of the Melbourne CBD, adjacent to the south-west corner of the Moonee Valley Racecourse and in close proximity to the Puckle Street retail strip.
Trent Preece said the large 6,641sqm site offered two street frontages and Activity Centre zoning that would allow for a building height of 26 metres.
“There is potential for future residential development, or to build above the current multi-deck car park,” Preece said. 
“The property, and any future development, will also benefit from its location just 100m from Moonee Valley Racecourse which is about to undergo a $2billion re-development over the next decade providing 2,000-plus apartments plus entertainment, mixed use and world famous racecourse hosting the Cox Plate.” 
Expressions of interest close May 16.
 
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Victorian home of Foxtel in biggest 2018 metro sale campaign to date

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GUEST OBSERVATION
If you’re reading this article in your office, chances are the air conditioning is set to around 22°C. Setting the temperature to 25°C could cut your office’s daily air-conditioning energy consumption by 18%, drive down electricity bills and help save the planet.
But would it be too hot to think?
Not according to our study, published recently in the journal Building and Environment.
Our experiment found that office workers’ “cognitive load” – the total amount of mental effort being used in the working memory – was not significantly affected by a little temperature boost.
What we did and how we did it
To test our hypothesis, we asked volunteers to sit some performance tests, under various air-con temperature settings. We ran the experiments at 22°C and 25°C.
Our experiments took place in the University of Sydney’s Indoor Environmental Quality Laboratory climate chamber. It has a floor area of about 25 square metres, and is designed such that it’s easy for us to control the room temperature.
Participants sat at separate workstations, each consisting of a desk, a chair, and a computer.
A total of 26 office workers (12 men and 14 women) volunteered as subjects in this study.
A little over 70% of the participants were aged between 31 and 50 years and about a third were aged 30 years or under. These people had diverse employment circumstances, ranging from professional (35%) and technical (31%) to managerial (15%) and administrative (19%). Participants wore their normal office clothes, and were also free to adjust their clothing as they liked during the experiments.
All participants, in groups of two to four, were given half an hour to acclimatise to the environment, and then sat two one-hour tests (with a break in between the tests).
Before they sat the tests, our participants were fitted with a number of electrodes worn via a headset, so we could monitor their brain activity and “cognitive load” – how hard their brains were working – through an electroencephalogram (EEG). They also wore a heart rate monitor.
During each one-hour experiment session, participants first filled in a questionnaire designed to ascertain how comfortable they were with the room temperature. Then it was time to test how their brain power coped at the different temperature settings.
Assessing ‘cognitive load’
The first test they did is called the Cambridge Brain Science (CBS) test, which has been used in many studies aimed at measuring cognitive performance.
<img src="https://images.theconversation.com/files/213101/original/file-20180404-189813-1wdrvpq.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
The NASA Task Load Index (NASA-TLX) is a widely used assessment tool that rates perceived workload. Wikimedia, CC BY
Then, we asked them to fill in a questionnaire aimed at determining how challenging they found that task. This questionnaire is called the NASA Task Load Index and asks participants questions such as: how much mental and perceptual activity was required? Was the task easy or demanding, simple or complex?
After a 10 minute break, we then asked our participants to complete three different difficulty levels of another brain-power test, called the Paced Auditory Serial Addition Test (PASAT). Again, when the test was over we asked them to fill in the NASA-TLX questionnaire to ascertain how cognitively challenging they found the test.
At the end of the one hour experiment session, our test participants then completed the thermal comfort questionnaire again.
Our results showed that their CBS test scores were not significantly affected by temperature.
In fact, many of the participants performed even better at a warmer temperature of 25°C, (but this could be due to what scientists call “the learning effect”, meaning it is not uncommon to do better the second time you sit a test compared to the first).
And when we analysed and compared the EEG and heart rate monitoring results during the PASAT tests, we did not find any significant difference, whether the room temperature was at 22°C or 25°C.
Why does this matter?
A typical Australian commercial lease stipulates indoor air temperatures of between 20°C and 24°C. This means that building managers or landlords who set the indoor temperature higher than 24°C during summer run the risk of breaching leases and incurring penalties.
However, the research shows there is no empirical evidence that this temperature range should be maintained. The significant over-cooling in commercial buildings not only often leads to office workers complaining their workplaces are too cold, but also affects building energy use, greenhouse gas emissions and electricity bills.
The standard 22°C setpoint for office air conditioning has prevailed in Australia for over a decade now. Many employers may fear that boosting the office temperature will make it too hot to think, and reduce worker productivity.
<img src="https://counter.theconversation.com/content/93789/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">However, our study shows that boosting the office temperature a little can save energy and keep office workers comfortable without sacrificing their cognitive performance.
Dian Tjondronegoro, Professor of IT, Southern Cross University
Christhina Candido, Senior Lecturer, University of Sydney
Fan Zhang, Lecturer in Architectural Science, Griffith University
Shamila Haddad, Research Associate, University of Sydney
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/chill-out-a-slightly-warmer-office-wont-make-it-too-hot-to-think-93789" target="_blank">original article</a>.
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Can we help save the planet from the office?

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An office in Adelaide’s CBD is being transformed into co-working space after sitting vacant for four years, highlighting the changing needs of South Australian businesses.
<a href="http://www.savills.com.au/">Savills Australia’s</a> Natasha Bertram and Adam Hartley have been appointed to lease 800sq m of shared office space at 12 Pirie Street after suggesting a co-working fit-out to the landlord.
“Several offices in Adelaide have been sitting vacant for several years, which is a frustrating situation for landlords,” Mr Hartley said.
“It was time to offer local businesses a fresh, up-to-date option, on par with some of the redevelopment going on in Melbourne and Sydney.
“We saw huge potential in creating co-working space at 12 Pirie Street, which has a large enough floorplate to be split into a number of small office suites to suit a variety of tenants’ needs.”
The office is being redeveloped by LDSa Pty Ltd to include individual or grouped workstations and offices, a shared boardroom and meeting rooms, hot desks and shared kitchen facilities, and is due for completion in May.
“Whether it’s a single work station or a small office suite with up to 14 workstations, the spaces come furnished with desks, storage units and task chairs,” Mrs Bertram said.
“Each tenant will have full access to the expandable board room, multiple meeting rooms and quiet rooms.”
Mrs Bertram said the co-working space would appeal to start-up businesses, entrepreneurs and companies seeking the flexibility that came with a shared working environment. “12 Pirie Street presents a simple, fast, affordable, professional and collaborative option for businesses looking to relocate but don’t require entire floors,” she said. “We’re looking forward to seeing which businesses take advantage of the opportunity to grow their business organically on such flexible lease terms. 
“This space will create a hub of activity, and may inspire other landlords to follow suit.”
Savills is a leading global real estate service provider offering the full spectrum of services from strategic advice to managing assets and projects and transacting deals. Adam Hartley is Director of <a href="http://www.savills.com.au/services-and-sectors/leasing/office-leasing.aspx">Office Leasing</a> and Natasha Bertram is Executive of <a href="http://www.savills.com.au/services-and-sectors/leasing/retail-leasing.aspx" target="_blank">Retail Leasing</a>. To learn more about Savills, visit <a href="http://www.savills.com.au" target="_blank">savills.com.au</a>.
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jrobinson-rf4aSBido9

Co-working office space gains momentum in Adelaide: Savills

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A Surry Hills 300 square metre office plus single level warehouse conversion has been listed for sale for $1.75 million to $3.5 million by DB Property.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-surry+hills-502700186" target="_blank">6-7, 50 Reservoir Street</a> features 168 square metres to 335 square metres of office/showroom space, kitchen, shower and bathroom amenities, as well as timber floors.
It can be sold separately or in one line.
The short-term lease expires end of July 2018.
The current outgoings are approximately $28,995 per annum, including strata levy, council and water rates.
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Surry Hills whole floor warehouse conversion for sale

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Mirvac Group's A-grade office development 664 Collins Street in Melbourne is 100 per cent pre-leased following the signing of leading energy provider, AGL. 
AGL has committed to over 6,000 square metres across two floors.
It joining tenants, Pitcher Partners and Fujitsu in the 26,000 square metre office tower. 
Mirvac’s Campbell Hanan said, “664 Collins Street is now 100 per cent leased ahead of practical completion this year."
“The changing forces of work and employee experience are demanding more from the built form than ever before. 
"Mirvac is working with tenants to create workplaces and assets, like 664 Collins Street.
He said <a href="https://maps.google.com/?q=644+Collins&amp;entry=gmail&amp;source=g">644 Collins</a> was designed to incorporate leading smart technology and real-time data collection to improve workforce utilisation and efficiencies, "while creating an intuitive working environment.” 
The executive general manager group Operations at AGL, Doug Jackson said AGL was utilising this space to accommodate our digital transformation projects and Melbourne-based operations. 
At 664 Collins Street, Pitcher Partners will occupy over 9,000 square metres across 3.5 levels, with a 12-year lease commencing in June 2018. 
Fujitsu and AGL will take up occupancy in September 2018. 
Upon practical completion, which is expected mid this year, 664 Collins Street will be the final stage of the Southern Cross Station complex. It will target a 5 Star Green Star Design and 5 Star NABERS Energy rating.
In June last year, Mirvac successfully sold down 50 per cent of the building to an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).
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