Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Savills

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A prominent office block in Parramatta has been listed for sale.
Savills agents Simon Fenn and Graeme Russell are marketing the building at <a href="http://commercialpropertysearch.savills.com.au/9d29caa3-3fc7-e611-80c4-005056816dfc/Sale/Parramatta/91-Phillip-Street" target="_blank">91 Phillip Street</a> as an Grade A trophy asset, in conjunction with Inc RE.
They say heightened tenant demand and a substantial amount of private and public sector investment in Parramatta has 91 Phillip Street placed to take advantage of the re-emergence of the Parramatta office market as it transitions into Sydney’s second CBD.
Positioned on a prominent corner site comprises 6,100 square metres of net lettable area and is anchored by ground floor retail and four levels of secure basement parking.
Fully leased, the 1985 building has a 4.5 Star NABERS Energy Rating and an estimated net income of around $2.9 million.
It last traded for $30 million in 2015 and is being sold via an expressions of interest campaign that ends on the 8th of August.
Corelogic recently reported the commercial property market in Parramatta was "gaining strength" with $757 million worth of sales reported in the year to March 2018. 
It included the sale of 1-3 Fitzwilliam Street at $82 million by Raffles Education Corporation Ltd, which has its headquarters in Singapore and is listed on the Singapore Exchange.
The purchaser, the Propertylink Group, is a leading investment manager of Australian investment grade property. 
According to Parramatta Cityscope 1-3 Fitzwilliam Street is a seven-storey office building with basement car parking for 106 vehicles plus a roof-top sports floor, tennis court and sauna.
Raffles bought the building for $29 million in 2014.
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j.ballantyne1990-6AQqhLzZaK

Prominent Parramatta office block listed through Savills

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A commercial office space in the Lifestyle Building in the Docklands has been listed for sale.
The 73 square metre office at <a href="https://www.realcommercial.com.au/property-offices-vic-docklands-502835530" target="_blank">838 Collins Street</a>, offered with vacant possession, last traded for $569,745 in 2013.
Savills agents Mark Stafford and Jesse Radisich say thousands of workers are relocating the Docklands each year.
Similarly, two adjoining office level suites on <a href="http://www.colliers.com.au/206637/" target="_blank">level 4</a> of the Lifestyle Building on 838 Collins Street are on the market for $880,000.
They say the Lifestyle Building is in the 'booming Docklands office precinct'.
Signs of this boom are similar sales such as an office component of a Waterfront City commercial development at 425 Docklands Drive.
The 14 fully-leased strata offices had a combined area of 1,494 sqm and a weighted average lease expiry of 2.5 years.
The office is being offered with vacant possession with Southern Cross Station less than 700 metres away.
The Lifestyle Building won the 2013 BPN sustainable buildings award for a major commercial building.
It has 137 individual commercial suites, retails spaces and sits opposite the new ANZ Centre and adjacent to the Myer national support office. 
The building is a composition of rectangular boxes on different axes with a courtyard connecting Collins Street to Victoria Green to the north. 
The facades are comprised of full height “clear” shop front glazing with glass louvre and sun-shading elements to the exterior, maximizing solar access and indoor air quality. 
<h3> </h3>
 
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Strata office for sale in 'booming' Docklands precinct

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Kew's Butleigh Wootton has been sold.
The property at 867 Glenferrie Road, had been listed through Savills.
Savills sold the 2,836 sqm holding for an undisclosed price to a local buyer.
Butleigh Wootton, a Kew Icon had been listed by mortgagees with an indicative selling price of $10 million to $11 million.
It is offered by Clinton Baxter and Nick Peden from Savills.
<a href="https://www.realestate.com.au/property/867-glenferrie-rd-kew-vic-3101" target="_blank">Located at 867 Glenferrie Road</a>, the 1880's mansion over three levels comes with seven bedrooms, large commercial kitchen and extensive wine cellaring. 
It is only a short walk from the bustling Glenferrie Road retail precinct with trams, trains and buses nearby.
With 19 on-site car spaces, this property provides unlimited potential and would ideally suit education, medical, hospitality, residential or entertainment/leisure uses.
The suburb's median house price is <a href="/news">2.2 million</a>, according to CoreLogic. 
It is one of Melbourne’s most important 1880’s mansions and was most recently used as a residence, with a long history as a successful reception centre.
The expansive residence set over three levels featuring seven bedrooms, large commercial kitchen and extensive wine cellaring has a full 36m of Glenferrie Road frontage.
Just a short walk from the Glenferrie Road retail precinct with trams, trains and buses nearby. With 19 on-site car spaces and significant surplus land, this property provides a great deal of potential and could suit education, medical, hospitality, residential or entertainment/leisure uses.
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Kew landholding, Butleigh Wootton, sold by Savills

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PAG, the Hong Kong investment management firm has put its half stake in Sydney’s sixth-largest ­office tower, 60 Margaret Street, up for sale.
It includes the MetCentre at the foot of the building.
It has ING ­Direct as a major tenant.
The retail centre is anchored by a street-level Woolworths supermarket and Virgin Active along with 75 specialty stores within the 6419sq m retail centre.
The entire building value is estimated at more than $800 million, according to The Australian.
PAG’s listing comes as Sydney’s office property boom hits new highs, with ISPT completing a deal to buy a half-stake in Sydney landmark Westpac Place in a deal valuing that tower at more than $1.7 billion.
The Australian reported the Westpac Place deal helped reset pricing metrics for Sydney towers as it showed a yield of about 4.5 per cent.
PAG bought its 60 Margaret Street stake in 2015 from industry superannuation fund MTAA Super for just over $300 million.  
<div class="cq-article-content-paras section">
Mirvac Group, which owns the other half, had waived its pre-emptive right over the stake. Mirvac Group moved out in 2016 to its 200 George Street project close by. 
</div>
The latest off-market offering is being handled by Ian Hetherington, Ben Azar and Tim Grossman of Savills.
The A-grade building, which consists of 36 office levels and three levels of shops, with ­direct access to Wynyard railway station.
The tower spans 40,985 sqm.
<a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502349942" target="_blank">There are leasing spaces available</a> through Savills which notes Wynyard hub is undergoing one of the largest transformations the city has ever seen; its availability through Savills agents Christina Malcolm and Chris Rowe.  Level 9: 1,410 sqm Low rise whole floor offers impressive cityscape and Wynyard park views with good natural light. Refurbishment of the whole floor now completed.  Level 15: ~380sqm  Tenancy offers direct lift exposure, South/East aspect, impressive city views and natural light.  Level 16: 583sqm  Refurbished part floor opportunity with North/East city views and good natural light. Level 36: 596.4sqm Top floor suite offers exceptional South/West city views, direct lift exposure and to be refurbished to a high standard. 
 
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Savills list 60 Margaret Street, Sydney stake

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Vicinity Centres have sold Gympie's Goldfields Plaza for $27.5 million.
The move comes after Vicinity Centres announced it was to sell $1 billion worth of shopping centres to refurbish their higher assets. 
It's been bought by Lascorp Development Group, who have outlined plans for a major overhaul of the neighbourhood centre.
The sale reflected a 1.1 percent premium to Book Value, in a transaction brokered by Savills agents Peter and Jon Tyson.
Goldfields Plaza comprises an enclosed neighbourhood shopping mall anchored by a Coles supermarket and Target department store.
Peter Tyson, Savills’ national retail director, said that the neighbourhood shopping centre asset class remains very popular with investors.
“The sale campaign for Goldfields Plaza attracted strong buyer interest, with multiple offers from investors as well as developers given the asset’s value-add profile. 
<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/2018/6/20/GOLD2.jpg" alt="">
“Goldfields Plaza features the only Coles and Target offerings in an expansive trade area with the nearest alternatives located at Noosa to the south and Maryborough to the north,” he said.
Run by veteran Melbourne retail developers Michael and Matt Lasky, Lascorp has over 40 years history developing and refurbishing shopping centres on Australia’s eastern seaboard.
Michael Lasky said that they were attracted to the Centre due to it having the right fundamentals.
“We like Goldfields Plaza. It is centrally situated next to the town’s centre, has great parking and is underpinned by a very strongly trading Coles supermarket.
“We feel we can apply our expertise and add value to the centre through repositioning the mall and specialties” he said.
Matt Lasky said that the Centre has great bones, and will benefit from our planned refurbishment as it hasn’t had an upgrade in many years.
“Our plans include refreshing the façade, extensive upgrades to the mall areas and amenities and implementing a releasing program,” he said.
Savills’ Peter Capps has been appointed to lease the repositioned centre on behalf of Lascorp.
Capps said that the refurbishment program will completely refresh the look and feel of the mall with improved traffic flow and opening of the sightlines between Coles and Target.
“We will be targeting key food and service lines, rather than discretionary spending. It is easy to see that following the refurbishment, Goldfields Plaza will be the most convenient food and service offer in the local market,” he said. 
Lascorp’s purchase of the Gympie mall follows the groups’ sale of the refurbished Morningside Plaza Shopping Centre in Brisbane earlier this year for $23.8 million through an off market transaction also brokered by Savills’ Peter Tyson.
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jrobinson-rf4aSBido9

Vicinity Centres sells Gympie's Goldfields Plaza

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As part of World Environment Day, Savills Australia, together with HFM Asset Management, has commented on sustainability and energy-efficiency through assessing the NABERS energy star rating system.
The world-leading method is used throughout the property industry in order to decrease environmental impact while increasing environmentally friendly processes within buildings. 
For more than 10 years, the NABERS rating system has assisted property owners, managers and tenants across Australia. The rating system is utilised nationally and is developed to provide a reliable and consistent environmental benchmark.  The rating system is acknowledged as an international leader in creating energy- and water-efficient buildings and is responsible for a significant reduction in environmental impact.  
The NABERS approach
The NABERS rating tool for offices takes into consideration:
<ul class="ul1">
<li class="li1">The climate of a building; </li>
<li class="li1">The hours of its use;</li>
<li class="li1">The level of service it provides; and</li>
<li class="li1">The energy sources it uses. </li>
</ul>
The rating system is a reflection of the performance of the building. For example, a six-star rating indicates premium performance, while a one-star rating indicates there is significant scope for improvement. 
Today, NABERS ratings are an important component of a commercial building’s management and maintenance. Buildings with high NABERS ratings are highly regarded within the market place, and set a benchmark for building owners to aspire to, as they add greater capital gains, while eliminating hefty operating costs. 
The significance of a high NABERS rating 
Savills Australia has partnered with HFM in order to improve the efficiency and performance of their commercial buildings. Achieving and delivering a high NABERS rating is important for a property to maintain its value. High ratings increase rental income for landlords and buildings therefore become highly attractive to buyers if ever released to the market. 
Greener building efficiency assists landlords in meeting tenants’ expectations and requirements, resulting in mutually beneficial relationships between owners and occupiers.  Savills Australia recognises the importance of maintaining a high NABERS rating in all of its managed buildings, demonstrating the company’s commitment to protect, conserve and optimise positive environmental changes and outcomes. 
NABERS energy is now being used to rate 72 per cent of Australian offices and buildings. Using NABERS principles to measure environmental performance has resulted in an 8.5 per cent energy-efficiency improvement, while saving 383,300 tons of greenhouse gas emissions.   
Savills Australia and HFM partnership
HFM has assisted Savills Australia in managing several commercial buildings in order to achieve high NABERS ratings.  
<a href="https://www.nabers.gov.au/public/WebPages/ContentStandard.aspx?module=50&amp;template=3&amp;include=case-study-12.htm" target="_blank">Dynons Plaza</a>, on Hay Street in Perth, has an energy rating of 5.0 stars and a water rating of 5.0 stars. HFM provides the building with monthly energy and water tracking reports, electricity procurement, energy management plans, annual NABERS ratings and Building Energy Efficiency Certificates, compliance reports, and a solar power purchasing agreement review. 
The Savills-managed office building at 130 Stirling Street, Perth, receives the same service as the Dynons Plaza and maintains a NABERS energy rating of 5.5 stars.
Tips for your building’s energy efficiency 
Preparation is the key to an accurate NABERS rating. This is achieved by having the necessary data available and easily accessible for a NABERS-accredited assessor.  
<ol class="ol1">
<li class="li1">
Starting an energy-management plan for your company, and identifying where energy efficiencies could be implemented to reduce costs and greenhouse emissions.  </li>
</ol>
<ol class="ol1">
<li class="li1">
Monitoring and reporting on your energy expenditure in areas of the building that are of concern so that any problems can be fixed. Adequate metering is critical for thorough and precise monitoring. Installing sub-meters is an example of how this can be successfully achieved.  </li>
</ol>
Furthermore, considering the fine-tuning of infrastructure services will also benefit a building’s environmental efficiency. This can include modifying and commissioning the HVAC controls, or installing occupancy-based lighting, higher efficiency uninterruptible power supplies, and power distribution units where feasible. 
<a href="https://www.hfmassets.com.au/tips-buildings-energy-efficiency-winter/">Click here</a> for some useful tips on maintaining your building’s energy-efficiency during winter. 
Ultimately, high NABERS ratings benefit the overall operation of office buildings, while delivering positive outcomes to stakeholders, staff, customers, facility managers, retail merchants and investors. Savills Australia and HFM together strive to achieve and maintain high NABERS ratings for their managed properties through ample housekeeping and regular assessments. 
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Savills partner with HFM to improve NABERS energy rating

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Key demographic indicators show that there is significant population and employment growth within the Brisbane CBD and surrounding inner-city suburbs. In turn, this has driven childcare providers to focus their service offering towards key CBD spaces that offer convenient amenity for busy city-based working families. 
Childcare centres in Australia have seen significant growth over the last five years, in line with world leading population growth figures. There is growing demand from a transactional perspective as well, with institutional investors and foreign investors, in particular, identifying the diversification potential of investing in childcare centres alongside other property asset classes. 
In addition, diversification benefits are realised as a result of significantly longer leasing terms in childcare centres, with average lease terms ranging from 10-20 years. This increased interest as a separate asset class is evidenced by falling yields nationally. New trends are suggesting that we are now seeing a shift north of Australia’s largest cities, as record high property prices and rising living costs drive residents to migrate to Brisbane in pursuit of relative affordability. 
According to Shrabastee Mallik, Associate Director at <a href="http://www.savills.com.au/research/australian-research.aspx" target="_blank">Savills Research</a>, over the last twelve months alone, Queensland has led the country in terms of interstate migration, with over 19,000 residents shifting to the sunny state. Recent numbers from the ABS show that Queensland is also leading the nation in terms of labour metrics. 
“In the year to March 2018, Queensland recorded employment growth of 4.3%, a figure well above its long-term averages and other states. What is even more positive about this is that this employment growth was driven by full-time growth, which grew by 5.0% over the same period,” she said.
With most of these people settling in Brisbane, it makes sense that current childcare trends in Sydney and Melbourne will be replicated in Brisbane.
The Savills Queensland <a href="http://www.savills.com.au/services-and-sectors/leasing/office-leasing.aspx" target="_blank">Office Leasing</a> team has reported a spike in enquiry from childcare operators seeking inner-city foyer and podium level accommodation. 
Leasing Manager Daniel Boyes said that one of the earliest examples of this movement has been the recent take up of first level space at 133 Mary Street by G8 Education.  
“The inner city childcare concept has been well thought out - as we are becoming more time poor, the notion of using a city-based day care service has become more convenient,
“Many of these facilities are incorporating all the necessities for the day which include things like meals, nappies, formula, bed sheets, hats &amp; sunscreen; so families do not need to travel with large bags when commuting,” he said.
G8 Education have committed to 808sq m of space with an additional 426sqm of balcony space over a 15 year term.
After hours childcare facilities offer an unparalleled learning experience from city surrounds for young minds. “The CBD is rich with culture and offers children the opportunity to participate in cultural celebrations throughout the year,” Mr Boyes said.
Over the last five years there has been growing demand for childcare operators in CBD areas to cater to a growing white collar workforce, with councils amending approval requirements and implementing new time frames. 
Savills State Director of Office Leasing John McDonald said that the offering of Childcare Services in the Brisbane CBD marks the beginning of a whole new learning platform for the next generation.
“The architectural concepts which are being seen in these spaces include the latest technology to emulate garden designs, incorporate outdoor play areas, as well as integrate raised flooring and extra drainage,” he said. 
Savills negotiated an industry leading example of such architecture on behalf of Goodstart Learning, located across an entire floor in the heritage-listed Broadway on the Mall building - directly above H&amp;M; uniquely designed by Gray Puksand.
Kevin Miles, Brisbane Managing Partner at Gray Puksand told the Australian Design Review that due to the existing ground-floor tenancy and the lack of outdoor space, there were several challenges that required a collaborative approach.
“Typically with childcare you need outdoor space, depending on how many children you have,” Miles says. “Along with a new rooftop garden and play area, this atrium space lent itself to that requirement for outdoor space,” says Miles. 
Other elements which were included in the design were operable windows and large openings to bring breezes through to the indoor play area along with the right equipment, support facilities and separate learning environments for each age group, from infant to kindergarten. 
Even though we are beginning to see some of these centres already taking shape around the Brisbane CBD, looking forward we are likely to see childcare proposals incorporated into development approval applications. 
There are already a number of Queensland examples of new developments incorporating childcare provisions into their DA’s right from the get-go in order to avoid lengthy and costly processes associated with getting approvals for pre-existing buildings.
Childcare providers are expected to replicate CBD offerings in Brisbane more easily than its southern counterparts have done in the past, as development requirements are currently less stringent and more affordable, making the availability of this type of amenity even more prevalent in the current market.
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. This article featured commentary from Savills experts including John McDonald who is State Director - QLD , Office Leasing, Daniel Boyes who is Manager, Office Leasing, and Shrabastee Mallik who is Associate Director – Capital Strategy. To learn more about Savills, visit <a href="http://www.savills.com.au" target="_blank">savills.com.au</a>.
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Population and employment growth in QLD driving childcare centres into CBD spaces: Savills

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IT start-up Stacktrace has signed its first Australian office premises in the Mirvac developed 410 Ann Street office tower in Brisbane.
Savills agent Dan Boyes negotiated the deal.
Formed in 2017, Stacktrace is a software services and products company in the not-for-profit and healthcare sectors. 
The company has taken up space on level seven in the East Tower of 410 Ann Street and will move into a fully fitted suite designed and constructed by The Fitout Studio.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/30/ann3.jpg" alt="">
Campbell Hanan, Mirvac's head of office and industrial, said Stacktrace are one of a number of tech organisations.
“We’re pleased to welcome Stacktrace to 410 Ann Street, where they will join a number of technology and start up organisations.
"Mirvac is excited to support the growth of this business hub by providing an environment that fosters collaboration between tenants..
“Taking a collaborative approach to tenant partnerships and asset management is key to our continued success in the Brisbane market. 
"Working with our tenants, we create workplaces that evolve to meet the changing needs of employees and building occupants. 
"In line with this, we have introduced a range of wellness initiatives at 410 Ann Street, designed to boost employee satisfaction, engagement and wellbeing. This includes regular yoga and meditation classes throughout the week.” 
Mirvac has also partnered with Brisbane City Council to develop the Cathedral Square regeneration project, which includes a grassy parkland with built-in seating and an inviting space for tenants, creating a quintessentially Queensland working environment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/30/Ann2.jpg" alt="">
Stacktrace’s founder, Chris Horwill said Mirvac’s strong reputation as a property manager attracted them to 410 Ann Street.
"The team has been extremely flexible and responsive in accommodating our short timelines and workplace requirements.
“The attention to detail in every aspect of the partnership has been outstanding and has allowed us to focus on building our business. This was important to us as a new company in a growth phase.” 
Located on the edge of Cathedral Square, 410 Ann Street has over 20,000 square metres of commercial office space and sits at the heart of one of Brisbane’s most exciting emerging urban precincts on the northern side of the Ann and Wharf Street intersection.
The building has a 5 Star NABERS energy rating. 
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Savills negotiate IT start-up Stacktrace lease in Brisbane's Ann Street tower 

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Mere weeks ago Urban covered VCAT's decision to approve <a href="/news/160-whitehorse-roads-approval-pushes-blackburns-apartment-pipeline-toward-1000">development plans for 160 Whitehorse Road</a>.

Blackburn's largest development to date was given the green light after a planning push eventually secured the right to create a mixed-use project across the 8,767 square metre site. As many as 263 apartments are now approved for the development designed by Taouk Architects which was anointed Blackburn Place.

The development though has now been listed for sale with CBRE City Sales handling the process, providing Melbourne developers with the opportunity to nab one of the east's largest approved scheme in recent times. 

With Box Hill coming off the boil (in line with the trending decline of large-scale projects across the city), the Taouk Architects-designed 160 Whitehorse Road does discern itself due to its size and location.

<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/image29_17.jpg" rel="gallery-all" title="Prospective views. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="384" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image29_17.jpg?itok=UYB9gcKs" title="Prospective views. Image: CBRE City Sales" width="580"></a>

<figcaption>Prospective views. Image: CBRE City Sales</figcaption></figure>Initial plans for the site attempted to realise a greater return of apartments, with buildings spanning 14, 10, 10 and 8 storeys as originally submitted. Those plans have been tempered with the VCAT-approved outcome seeing a more modest built form and apartment numbers reduced from 394 to 263.

CBRE note that the site's planning approval includes four buildings between 6 and 8 levels, plus 3,663 square metres of commercial space.

Having sold for $18 million to an Asian-backed developer three years ago, 160 Whitehorse Road's price history has seen steady growth. Previous campaigns saw the site sell for $11.36 million in 2010, $3.25 million in 1986 and $1.3 million in 1980.

<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/image30_14.jpg" rel="gallery-all" title="160 Whitehorse Road. Image: Taouk Architects"><img alt="" class="image-article-full-width-580px" height="218" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image30_14.jpg?itok=dW28oq2e" title="160 Whitehorse Road. Image: Taouk Architects" width="580"></a>

<figcaption>160 Whitehorse Road. Image: Taouk Architects</figcaption></figure>The size and staggered delivery schedule of 160 Whitehorse Road is in stark contrast to various other approved permits that have been 'flipped' in Melbourne's east over recent months. Two recent permitted Doncaster sites were a step down in size relative to 160 Whitehorse Road. 

7 Williamsons Road is currently for sale and sees 68 predominantly 2 and 3 bedroom apartments approved within a ClarkeHopkinsClarke-designed building. The 1,064 square metre site is in close proximity to Nicson Property Group's approved hotel scheme for 810 Elgar Road.

That site saw a Kyriacou Architects-designed hotel scheme offered for sale. The 993 square metre site came with approval in place for 102 suites over 8 levels, and if acted upon would become Doncaster Hill's first dedicated hotel.

At the turn of 2018, Mont Albert's 813-823 Whitehorse Road was offered for sale by Doyen Tower Pty Ltd; its 89 apartments are within a crystalline Bruce Henderson Architects-designed 16 level tower.

<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/image32_16.jpg" rel="gallery-all" title="Mont Albert and Doncaster Hill have provided opportunity during 2018"><img alt="" class="image-article-full-width-580px" height="237" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image32_16.jpg?itok=mCQaguTl" title="Mont Albert and Doncaster Hill have provided opportunity during 2018" width="580"></a>

<figcaption>Mont Albert and Doncaster Hill have provided opportunity during 2018</figcaption></figure>
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silvermb

Melbourne's east throws up a sizeable residential opportunity

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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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