<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> recently welcomed residents into Uno and Duo, marking the completion of the penultimate stage of its $1.2 billion West Village precinct in Brisbane's West End.

There are only two opportunities remaining in the two-tower stage known as The Allere Collection. Duo is fully sold out, but two penthouses have just been released in the sister tower Uno.

The sprawling penthouses, measuring upward of nearly 350 sqm, have been designed by renowned architecture firm Rothelowman to focus on multi-generational living. One penthouse has four bedrooms, the other five, as well as several living areas. A second entry to the apartments make them ideal for those with several generations living under one roof, allowing for greater independence and flexibility within the same home, an increasingly sought-after feature among extended families looking to remain connected without compromising privacy.

[smartcode_project:default project_id=114215 project_image_fid=5703]

Built by&nbsp;<a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, one of the best in the construction game, Duo forms part of a connected, pet-friendly vertical community that brings together two architecturally aligned towers with shared rooftop amenity.

Rothelowman Principal Jeff Brown previously described the design philosophy as centred on connection.

“When thinking of ways to nourish a soul one needs connection to self, to nature and to community,” Brown said.

[smartcode_project:default project_id=114215 project_image_fid=204874]

That ethos is expressed through Duo’s rooftop offering, which includes a pool and heated spa framed by mature planting, a private dining room and residents’ lounge, and BBQ facilities. On the lower levels, residents have access to&nbsp;work-from-home spaces, a workshop, and a pet parlour.

The rooftop captures views across the Brisbane River and back toward the city skyline, positioning it as both a retreat and a social anchor for residents.

[smartcode_project:default project_id=114215 project_image_fid=364091]

Owners in Duo also have access to Uno’s rooftop amenities, effectively doubling the shared facilities within the community. At Uno, residents can use a second rooftop pool, additional private dining and entertaining areas, a teppanyaki grill, and the Paw Pavilion, an off-leash space designed for residents’ dogs. The reciprocal access reinforces the project’s “vertical neighbourhood” model, where common areas are intended to extend the footprint of each apartment.

[smartcode_project:default project_id=114215 project_image_fid=5710]

The Allere Collection sits within West Village, a 2.6-hectare mixed-use precinct just 800 metres from the Brisbane CBD. Delivered progressively since 2016 on the former Peters Ice Cream factory site, the masterplan now integrates heritage buildings, retail and dining, health and wellness providers, and open green space into an established inner-west address.

Sekisui has released the final stage of the development, Callista on Park, set to be completed in Q2 next year. With the first release now 95 per cent sold out, limited large-scale three- and four-bedroom residences remain, priced from $2.6 million.

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Joel Robinson

Allere Collection residents move in as multi-award winning West Village enters its final chapter

Construction is underway at <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a>, the boutique residential development by <a>Excelon Projects</a> on Stephen Street in Yarraville, following the appointment of <a href="https://www.apartments.com.au/builders/balmain-co">Balmain &amp; Co</a> as builder.

The milestone marks a significant step forward for the 53-residence project, designed by <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees Architects</a> with landscape architecture by Simone Bliss Landscape Architects, conceived around a strong focus on community, craftsmanship and connection to nature.

<a href="https://www.apartments.com.au/developers/excelon-projects">Excelon Projects</a>’ vision brings together 41 one, two and three-bedroom apartments and 12 townhomes arranged around a central landscaped garden, prioritising liveability in a low-rise, low-density format.

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Open-air corridors, a light-filled lobby and generous setbacks are intended to enhance day-to-day comfort while reinforcing the development’s community-oriented design approach.

Car parking has been located underground to prioritise shared green space and pedestrian movement through the site, allowing the landscaped garden to form the central organising element of the development.

Interiors incorporate custom pieces by Melbourne makers including leadlight pendants by Adadaz, hand-turned timber door handles by Auburn Woodturning, and blown-glass lighting by Ruth Allen, embedding a layer of local craftsmanship throughout the homes.

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Sustainability has also informed the design approach, with Yarraville Green targeting an average 7-star NatHERS energy rating. Passive design measures such as cross-ventilation and thermal mass aim to reduce reliance on mechanical heating and cooling, while rooftop solar panels will supply power to common areas and harvested rainwater will be reused for landscape irrigation.

Positioned along the quiet, tree-lined Stephen Street, Yarraville Green sits between Yarraville and Seddon villages, placing residents within walking distance of cafés, dining, boutique retail and the Sun Theatre.

Seddon Station is also a short walk away, ideal for residents seeking an inner-west address with strong amenity and transport connections.

Completion of Yarraville Green is anticipated in 2027.

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Balmain & Co appointed builder as construction begins at Excelon Projects’ Yarraville Green

A long-stalled Mermaid Beach development site opposite Pacific Fair, previously earmarked for a twin-tower project, is set for a fresh development push with plans for a major mixed-use residential tower.&nbsp;

Billionaire garbo Ian Malouf's development company, REMI Residences, is proposing Project Elegance, a 44-storey tower with over 270 residential apartments and 88 short-term accomodation units at&nbsp;2065 Gold Coast Highway, Mermaid Beach, on the corner of Mermaid Avenue.

Malouf paid $23.76 million for the 3,783 sqm site in 2022, six years after it traded for $34.1 million when it was bought by Hubei United Investment Group.

 
<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="" data-entity-uuid="" data-widget="image" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20podium.png?VersionId=yRYSSPItvCA5ZeQ49LlwkQYVn7OhEqIC" /><img alt="" data-entity-type="" data-entity-uuid="" draggable="true" height="15" role="presentation" src="data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==" title="Click and drag to move" width="15" />

&nbsp;

The design statement by DKO says Project Elegance "represents a holistic response to its coastal and urban context. It draws upon site, climate, and landscape to create a composed architectural outcome that prioritises occupant experience, public interface, and long-term viability via vibrant and active uses."

They say the subject site&nbsp;occupies a distinctive island parcel with three street frontages and prominent visual exposure to passing visitors.

"This unique position allows the development to form a panoramic dialogue with water and city, setting the foundation for a climate-responsive, site-specific architectural expression.&nbsp;The podium base, inspired by the region’s sandstone headlands and coastal setting, and adopts a sculpted and grounded character that provides a stable counterpoint to the slender tower above."

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<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="file" data-entity-uuid="4f088e10-6493-49d4-83cd-10fc039318ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20tower.png?VersionId=Sbglj0tNBqyvY5V_DlVH.bvjXi8kBbfl" />

Residents and guests would have access to multiple communal recreation levels. Plans include a shared recreation deck on level six, with a pool and three padel courts. There will be a residential-only pool on level seven, and an upper-level communal space only accessible by those buyers towards the top of the tower.

&nbsp;

Ground-floor commercial spaces are proposed to operate between 5am and midnight, contributing to an activated street frontage along the busy Gold Coast Highway corridor.

The site sits within the High Density Residential zone and a Light Rail Urban Renewal Area, where planning policy encourages higher-density development close to transport infrastructure and services. The planning report states the project aims to “ensure the efficient reuse of this centrally located property” and support the transformation of inner-city areas into “more vibrant, compact, interesting, connected and active” precincts.

&nbsp;

The proposal marks the latest attempt to unlock the high-profile parcel, which previously carried approval for the “Elegance” twin-tower development, a project that included more than 500 apartments but ultimately stalled after sales activity ceased in 2019.

REMI Developments has been increasingly active in the Gold Coast property market, with the Malouf-led group positioning itself around premium residential and lifestyle-focused projects as the region continues to attract both interstate buyers and international interest.

Malouf is one of Australia's most impressive entrepreneurs, having sold his waste business fore more than $500 million, having started only with a small truck at 18 years old.

First Look: Billionaire Ian Malouf plans Mermaid Beach tower

A State Significant Development proposal from Ecove Group could see two high-rise residential towers developed above an ALDI-anchored retail podium in Gordon.

The 28-storey towers, dubbed Eight 10, would become the tallest in the sleepy Upper North Shore suburb, which has been stirred by changes to the Low to Mid-Rise Housing Policy aimed at triggering greater density around transport hubs.

Ecove Group’s plans for 810 Pacific Highway, a 2,357 sqm site around 400 metres from Gordon railway station, include 180 apartments, 39 of which would be dedicated as affordable housing.

Architecture firm PBD said in its Design Report the site "presents an exciting opportunity to positively contributes to the surrounding context, enhances the overall urban experience."

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="e50141fa-fb0b-44b3-bf9b-c6d87b993c3b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20podium.png?VersionId=YTgQPBxNnmQwr6x2AJSpVZ1COqa.9oLQ" />

The site previously received approval for a development comprising 56 apartments above retail in 2018.

PBD noted in its report that the planning&nbsp;context for the site has "evolved significantly since the original consent was issued."

In April 2024, the Department of Planning, Housing and Infrastructure (DPHI) identified the site as being located within a Transport Oriented Development (TOD) precinct. In parallel, Ku-ring-gai Council progressed a preferred planning framework for Gordon Town Centre, including proposed amendments to the Ku-ring-gai Local Environmental Plan 2015 (KLEP 2015).

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="cf65fb26-a163-41ea-a4d3-8ddbeabd67e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20MAP.png?VersionId=vrQJzXSg3xRH.APBmtth5mA2adPmUPjc" />

PBD said the proposed development "responds to the amended KLEP 2015 and, in addition, seeks to utilise the floor space ratio and height incentives available under Chapter 2, Part 2, Division 1 of the State Environmental Planning Policy (Housing) 2021."

Late last year the first project in Gordon through the NSW Government's Housing Delivery Authority was approved. That was for 106 apartments across two connected seven to eight-storey buildings.

Ecove plans 28-storey apartment towers in Gordon

<a href="https://www.apartments.com.au/developers/graya">Graya</a> has set its sights on one of Brisbane’s scarce remaining riverfront development opportunities.

They have spent $17 million on an 810 sqm site across 16-18 Sandford Street, where it is planning SILK, a 15-storey apartment tower with just 22 apartments.

Planning documents outline a single tower designed to take advantage of the site’s northerly outlook toward the river and Brisbane CBD.

There will be eight two-bedrooms and 14 three-bedroom apartments on offer, each either half- or full-floor.

<img alt="Graya" data-entity-type="file" data-entity-uuid="059e1aa4-695c-4556-bafa-e8b5970c06f5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.07.50%E2%80%AFPM.png?VersionId=tEqwv_m8HYhrXSCStOMFHvGZZ5WgKfEx" />

&nbsp;

According to the Town Planning Assessment, the proposal "showcases a high quality architectural and landscape design outcome that is enhanced by the amenity of the Brisbane River… and provides a subtropical design response that celebrates Brisbane’s climate and lifestyle.”

Ground level includes landscaped communal areas facing the river alongside a gym and outdoor garden space, while the rooftop terrace will feature multiple leisure amenities like swimming pools,&nbsp;dining and barbecue facilities, as well as outdoor relaxation and yoga spaces.

<img alt="Graya" data-entity-type="file" data-entity-uuid="93982dbb-9f27-409b-a319-bd6f458f9ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.09.05%E2%80%AFPM.png?VersionId=gCaaW82pEBxMvXkVkEm4TC_o7_UXA82p" />

Architecturally, the tower form draws inspiration from the movement of water along the river edge. Design documentation describes the building as “a form sculpted by flow, shaped by shifting water,” with curved forms, varied materiality, and sculptural elements used to soften the building’s visual bulk. Sandstone, an iconic material throughout St Lucia, is reinterpreted through a mix of refined and split-face textures across the façade.

The Sandford Street frontage is intended to present an articulated façade featuring vertical landscaping and sculptural architectural elements, helping the tower integrate with the evolving high-density character of the riverfront strip while maintaining visual interest from both the street and river corridor.

Graya has continued to expands its footprint across South East Queensland, with projects under construction across both Brisbane and the Gold Coast.

GRAYA unveils plans for SILK in St Lucia

Asx Listing

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PropertyGuru, one of south east Asia’s leading property technology companies, has lodged a prospectus with ASIC to list on the ASX.
Assuming the final price is midway of the indicative price range of A$3.70 to A$4.50, the offer will raise approximately A$363 million. 
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The business was founded in Singapore in 2007 by Steve Melhuish and Jani Rautiainen having sensed a dynamic real estate market with no online platform.
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Recently Credit Suisse analysts have suggested the Asian online real estate listings business could be the next ASX-listed unicorn, a potential $1 billion-plus listing on the Australian Securities Exchange.
PropertyGuru operates digital property classifieds marketplaces in five countries across Southeast Asia – Singapore, Vietnam, Malaysia, Thailand and Indonesia.
It claims its market share of the online real estate marketplace as:
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◼  72% in Singapore 
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◼  69% in Vietnam
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◼  42% in Malaysia
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◼  45% in Thailand
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◼  49% in Indonesia7
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It is the destination of over 23 million property seekers to find their home every month.
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 The group has 60 percent consumer market share across its core markets, which is reportedly significantly greater than its nearest competitor.
Over the past twelve years, the Group has grown from a single-market start-up to a diversified PropTech company.
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It has previously raised over S$400 million in funding to date including new capital and shareholder selldown over four funding stages involving large institutional investors, including TPG, KKR, Emtek and Square Peg Capital with over 130 staff dedicated to R&amp;D,
With over 45,000 active agents, the real estate portal has a revenue model that is predominantly subscription-based, where agents currently pay upfront fees for an annual subscription that provides them with a number of discretionary credits.
It recently appointed Olivier Lim as independent chairman as well as Jenny MacDonald and Melanie Wilson as independent non-executive directors to its board in preparation of the ASX listing.
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The appointments of Mr Lim, Ms Macdonald and Ms Wilson are part of a broader exercise to evolve the property technology company’s corporate governance in tandem with its growth trajectory and the increasing scale of its business, PropertyGuru said.
“The new directors bring even greater diversity, breadth and depth to the board,” the company added.
The team is headed by our Chief Executive Officer, Hari V Krishnan, who has two decades of senior executive experience in leading technology firms in Asia and the United States.”
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j.ballantyne1990-6AQqhLzZaK

PropertyGuru is the ASX's next unicorn: Credit Suisse

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Rate My Agent has debuted on the ASX with its $92 million ASX float appraised as worth $75.4 million on its first day close-of-trade. 
RMA Global — which operates the Rate My Agent real estate agent comparison site — made a lukewarm debut yesterday, the <a href="https://stockhead.com.au/tech/disappointing-asx-debut-for-rate-my-agent-comparison-site/" target="_blank">stockhead</a> website suggested.
RMA raised $12 million selling 48 million shares at 25c each.
The stock opened its first day of trade at 24c and fell as low as 19c before closing at 20.5c — an 18 per cent drop on its issue price.
It was trading at 20 cents in early trading today.
About $1.5 million worth of shares changed hands.
Click here <a href="https://www.propertyobserver.com.au/images/2018/7/6/RMA%20graph.JPG" target="_blank">to enlarge.</a>
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Rate My Agent allows punters to rate the agent and agency that helps them to buy and sell property.
RateMyAgent was formed four years ago
RateMyAgent, which allows home owners to search online and compare real estate agents, has recently been caught up in controversy over underquoting estate agents in Melbourne.
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Earlier this year its chief executive Mark Armstrong <a href="/expert-insights/rate-my-agent-boss-defends-award-to-underquoter-tim-heavyside">defended its "agent of the year."</a>
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It reported $3 million in customer receipts for the December half but burned about $4 million cash.
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In February, it controversially named as ‘agent of the year’ a man who’d allegedly recently received a record fine for underquoting.
Rate My Agent warned in its prospectus that the continuing property downturn could result in lower agent advertising on the site — which could hit its bottom line.
The prospectus says 27,000 agents had signed up to the service. It says it covers 77 per cent of active agents in Australia and 30 per cent of those pay monthly subscriptions.
The company says it’s listing to increase its footholds in the US and New Zealand, and starting looking at other markets.
Early investors in the company included stockbroker Dean Smorgon, scion of the Smorgon dynasty, and online entrepreneur Gabby Leibovich.
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Estate agent comparison website Rate My Agent debuts on ASX

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RateMyAgent, which was formed four years ago, is set to float on the ASX.
Its new share issue at 25¢ per share values the company at $92 million.
The RateMyAgent business charges estate agents, who market their services to prospective vendors, a monthly subscription plus one-off fees.
It is one of numerous property agent matching websites including LocalAgentFinder and OpenAgent, which claims to be the number 1 agent comparison site.
Its prospectus warms if an existing, well established online residential real estate services provider, were to offer an agent review and rating feature, it could materially affect RMA’s ability to grow its revenues and profitability.
It has a current annual revenue run rate of $5.6 million with costs at $6.6 million, according to the prospectus.
It made a first half net profit after tax of $220,000 in 2018, after research and development income of $1.3 million.
The prospectus states its future revenue growth was expected from increased market penetration in Australia and New Zealand and the United States. Rate My Agent says 27,000 agents have signed up to the service.
It says it covers 77 per cent of active agents in Australia with 30 per cent of those paying monthly subscriptions that start at $39 a month.
It notes a property downturn resulting in lower agent advertising on the site could hit the business bottom line.
During the year to March 2018, RMA’s database showed that vendors and buyers posted over 173,000 reviews (14,000 reviews a month) on 121,000 properties sold.
This equates to a review for around one in every three residential properties sold in Australia, RMA said.
Of the vendors who posted an agent review, 24% said they used RMA to help select their agent.
Nine months after its 2014 launch, the site advised it had some 8000 agents as members, with 500 paying to advertise their businesses on the site which at the time had more than 25,000 client reviews, with 1100 new reviews being posted each week.
Its existing shareholders, which include chief executive Mark Armstrong, will own 87.4 per cent of the company after the Bell Potter float.
The main shareholders are only letting go of 12.6 per cent of the company. 
<div>Its largest shareholder, David Williams' boutique advisory Kidder Williams will get a success fee valued, with cash and shares, at around $800,000 for the planned listing on June 29.</div>
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RateMyAgent, which allows home owners to search online and compare real estate agents, has recently been caught up in controversy over underquoting estate agents in Melbourne.
Earlier this year its chief executive Mark Armstrong defended its "agent of the year."
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The RMA business has attracted well-known investors including Dean Smorgon and Catch Of The Day founder Gabby Leibovich, who participated in a $5 million fundraising two years ago.
The company made a full year loss in 2017 of $2.9 million, on sales of $2.5 million. The latest profit of $224,000 was thanks to a its R&amp;D grants.
It also noted that it might have to pay back some or all of $2 million in R&amp;D tax incentives since 2015.
“There is a risk that the some or all of the R&amp;D tax incentives received to date could be required to be repaid (plus interest and penalties) in the event that audits of the claims are conducted and it is determined that the requirements of Division 355 of the Income Tax Assessment Act (1997) have not been met in full or in part,” it said in the prospectus.
The company has increased sales, rising from $873,000 in the first half of 2017 to $2.8 million in 2018, but the prospectus advises given its only recently commenced operations in Australia in 2013 (transitioning to the paid subscriber model in 2014), in the US in 2017 and in New Zealand in 2018, that there are uncertainties surrounding the rate of growth and prospects of the business.
"RMA’s products and services are in the early stages of development and its is not yet cash flow positive.
"RMA’s limited financial and operating track record is not sufficient to provide any certainty or assurance that the Company can or will achieve the growth and other objectives set out in this Prospectus.
"An investment is, therefore, speculative and the directors are of the view that an investment should be regarded as high risk," the prospectus said.
Rival property agent matching service LocalAgentFinder secured a $5.5 million capital raising round last year and a further $5.5 million this year. LocalAgentFinder recruited former iSelect chief Mat McCann as its CEO to prepare for a possible IPO this year.
It recently announced a partnership with Commonwealth Bank.
“LocalAgentFinder’s platform will give customers an independent comparison and is a good example of Commonwealth Bank partnering with experts to provide more value for our customers to help them realise their property goals,” Carrie Fox, Commonwealth Bank general manager, said in a statement.
In 2016 the head of the Real Estate Institute of NSW, John Cunningham suggested issues surrounding recommendations meant agents should be wary using comparisons sites.
Last year the head of the Real Estate Institute of WA, Hayden Groves said the market disruptors, including localagentfinder.com.au, openagent.com and Purple Bricks, "offered poor value to consumers."
"As the President of the Real Estate Institute of WA, people will expect me to say that, but if these intermediaries were upfront about what they actually offer I could be more accepting.
"However, they market themselves as one thing and do another.
"Localagentfinder and others like them claim to provide a service that finds the consumer the best agent, but that is just fantasy," Groves said.
OpenAgent was founded by former McKinsey &amp; Company analysts Zoe Pointon and Marta Higuera in 2013.
OpenAgent's capital raising had totalled $20 million by 2016.
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jchancellor-FAypfDUnLy

Rate My Agent seeks to raise $12 million ahead of June float 

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The Drummoyne-based activist investor Matthew Donnellan emerged yesterday as lining up to potentially acquire a 15 percent stake in McGrath this Friday.
The shares are being mostly offered to the market by former McGrath agents and senior executives.
The stock has been offered through Wilson, seemingly volunteering Donnellan as the likely raider.
The press advised the 47-year old Donnellan had once acquired a similar stake in then struggling pub owner, Lantern Hotel Group, "before forcing out the management and instigating a turnaround in its strategy that delivered strong returns to investors through an asset sell down."
The 14.66 percent stake would make the former Allphones CEO sit as the second biggest shareholder behind founder John McGrath.
The press were tipped off that Donnellan was "an admirer of the McGrath business and brand, but not the performance of its board."
"I don't own any shares in McGrath so I have nothing to say at this stage," Donnellan oddly told the press.
The 14.66 per cent combined stake in McGrath was created by the shares of former McGrath director of sales Matt Lahood, Geoff Lucas the former McGrath chief operating officer who has since moved to artisan bakery group Sonoma, and former agents Ben Collier, Stephen Chen, the Leichhardt agent Shad Hassen and Brad Gillespie, along with a remaining McGrath agent Bethwyn Richards.
The shares floated at $2.10 in the initial public offering in late 2015.
The block trade, which is being handled by stockbroker Wilsons, will be available for purchase from Friday when 46.3 per cent of shares in the company come out of escrow.
A document filed to the Australian Stock Exchange said each of the parties intended to act in a "co-ordinated manner in relation to any sale of their shares in McGrath Limited".
What they hold
Geoff Lucas 6.7 million shares
Bethwyn Richards 2.78 million
Shad Hassen 2.78 million
Steven Chen 2.78 million
Matt Lahood 2.78 million
Ben Collier 2.78 million
Brad Gillespie 760,000 shares
The rival real estate agents - now at The Agency - hope selling the shares as a block could achieve a premium price.
McGrath CEO Cameron Judson advised McGrath remained a "a long-term holder of stock" but didn't advise further on any future purchasing or privatisation plans.
McGrath shares closed down 2 percent at 77 cents on Wednesday, and this morning was trading at 78 cents.
In 2016 Donnelley paid $8.05 million through Ward Partners for his Drummoyne harbour front house which had been marketed with $6.5 million hopes.
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McGrath rebels join forces to sell 14 percent stake

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Centuria Metropolitan REIT, Australia’s largest metropolitan office REIT, announced its inclusion on the S&amp;P/ASX 300 Index from the start of trade on September 18.  
The S&amp;P/ASX 300 Index includes up to 300 of ASX-listed entities by float-adjusted market capitalisation and provides a widely-used benchmark for many general equities and real estate specific institutional investors.
“We have previously indicated it was our goal to be included in the Index. We’re delighted to have achieved this milestone, thanks to the support of our securityholders,” said Nicholas Blake, trust manager of the REIT.
“Inclusion in the index will enhance CMA’s relevance within the Australian equity market and generate increased institutional investor interest.”
The ASX inclusion caps an eventful year for the real estate investment trust. It  merged with Centuria Urban REIT (CUA), posted a statutory net profit of $37.7 million in the financial year 2017, and also completed a $90 million capital raising, increasing CMA’s market capitalisation to over $500 million.
Recently, the REIT bought three commercial properties in Perth, one of them being the Hatch building (below) and Melbourne for a total of $150 million. 
Centuria Group entity Centuria Industrial REIT (ASX: CIP) is included in the S&amp;P/ASX 300 Index, while Centuria Capital (ASX: CNI) is a potential candidate for inclusion at a future rebalance.
“The inclusion of the REIT in the ASX/S&amp;P 300 Index is an important milestone for CMA, which was launched in December 2014. Combined with our $1.6 billion unlisted property syndication business, we now have three distinct property investment platforms that can grow independently. This enhances the group’s overall growth prospects,” said Group CEO John McBain. 
 
 
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jonathanchancellor-7SQnKwU6yx

Centuria Metropolitan REIT added to S&P / ASX300 index 

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The first McGrath annual general meeting as a listed company takes place this afternoon.
The company has yet to provide any guidance for 1HFY17 or FY17.
Stockbrokers Bell Potter advised the well publicise lower auction volumes in Sydney was likely to be significant.
<a href="/images/2016/11/23/image002.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/23/image002.png" alt="">
"We expect the 1HFY17 result to be well below 1HFY16.
"We also expect volumes to remain subdued next Autumn (the next key auction period) but similar to those this year so at this stage we forecast the 2HFY17 result to be similar to 2HFY16. 
"The combination of a weak 1HFY17 result and a flat 2HFY17 result means overall we forecast the FY17 result to be below FY16."
Bell Potter issued its revenue, EBITDA and NPAT forecasts for both 1HFY17 and FY17.
"The 1HFY16 and FY16 results are shown on a pro forma basis so that a like-for-like comparison can be made," Bell Potter analyst Chris Savage noted.
 
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Fewer auctions to impact 2017 McGrath revenue: Bell Potter forecast

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National online property agency iBuyNew (IBN) has been named on a list of Australia’s top 100 fastest growing start-up businesses.
It comes just weeks after listing on the Australian Securities Exchange.
Companies listed on BRW Magazine’s Fast Starters have operated for less than four years.
It has also made a turnover of at least A$500,000 in the last fiscal year with higher revenue than the previous year, have less than 200 full-time employees and more than one main customer.
IBN CEO Mark Mendel said the company, which specialises in off-the-plan sales, was delighted to be recognised by BRW’s annual Fast Starters list.
IBN ranked 54th place.
“This is a great acknowledgement for IBN and the hard work of our sales and marketing team who provide a service that people need to guide them through the complexities of buying off the plan,” he said.
“Demand for our service is increasing with record website traffic. We are now really focused on what needs to be done to deliver the results we are looking to achieve in 2017 and beyond.”
IBN this year launched a house and land division, but is currently more active in apartment sales.
The company also recently acquired 100 per cent of Melbourne-based property research advisers Nyko Property Pty Ltd.
IBN delivered new property sales worth $18.1 million in the 2016 September quarter.
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iBuyNew on BRW Fast Starters list

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National online property agency iBuyNew (IBN) is now trading on the Australian Securities Exchange (ASX) after its listed parent company Disruptive Investment Group Limited changed its name to iBuyNew Group Limited (ASX-IBN).   The name change was formalised at the Company’s annual general meeting.   The company also announced it has settled its share sale agreement to acquire 100 percent of Melbourne-based property research advisers Nyko Property Pty Ltd (Nyko).
It has delivered new property sales worth $18.1 million in the 2016 September quarter.   IBN, which specialises in off-the-plan property sales, recently launched a new house and land division, but is more active at the moment in apartment sales. IBN’s chief Mark Mendel informed shareholders that while the market for new apartments was well below its peak from the 2015-16 financial year, there has been no rise in buyer defaults. “(This) leads us to believe that the negative sentiment is mostly perception rather than reality at present,” Mr Mendel said.   “Whilst we believe the negative media reporting about the sector has likely contributed significantly to reduced sales, it is our assessment that buyers are mostly taking a wait-and-see approach until the uncertainty passes rather than leaving the market altogether.
"The fundamentals of Australian demographics have not changed in the last nine months.   “IBN is realistic about the current market dynamics.
"Our focus is ensuring that we have a robust business that continues delivering sales, and is well positioned to take advantage when the negative perception passes and stronger demand returns to the market."
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iBuyNew now trading on ASX

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The Simonds home building family, founders of the listed Simonds Group, are preparing to buy out the company with outside assistance from the Roche family.
Simonds are set to leave the ASX boards after an unhappy experience as a listed company since late 2014.
An email was sent to staff on Tuesday flagged a potential change. 
Its shares were placed in a trading halt. 
Simonds' family vehicle and Roche Holdings settled on a 40¢-a-share deal under which a company owned 51 per cent by the Simonds family and 49 per cent by the Roche family would buy all outstanding shares of Simonds Group.
The price represents a 38 per cent premium to the 29¢ price at which the shares last traded before going into a trading halt on Tuesday afternoon.
It gives the company a value of about $57.5 million. 
Gary Simonds retained a 37 per cent stake after listing the company he founded in 1949.
Simonds has seen its share price fall as low as 27¢ from the $1.72 price initial float.
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Simonds home building privatisation on the agenda

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Chinese real-estate portal Juwai has completed a $10 million pre-initial public offering raising, as it heads to an ASX float late this year.
The latest raising was supported by local and Hong Kong-based institutional investors and high net worth individuals.
Juwai connects Chinese property buyers with sellers in other parts of the world.
The Australian Financial Review says it is aiming to raise about $30 million for its run at the ASX.  
Brokers Baillieu Holst and Evans &amp; Partners managed the pre-IPO raising of convertible notes to investors<a href="https://www.afr.com/street-talk/baillieu-evans-prepare-juwai-raising-20160608-gpexr4#ixzz4DyyoCuAQ">. </a> 
The notes will convert into shares on listing.
The South China Morning Post reported today that Charles Pittar, the CEO of Juwai.com said Brexit helped push a 100 per cent, week-on-week increase in consumer enquiries for UK property during the week of the vote.
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