Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.

For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.

“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;

Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.

“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”

Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.

“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.

“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.

Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.

Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;

Units come in light and dark interior colour schemes.

<img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" />

While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;

“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.

Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;

For Wendy, that airport proximity carries practical value.

“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”

Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.

Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.

“It was a bonus that we can rent it out as well as use it for ourselves,” she says.

Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.

With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.

Although Wendy acknowledges the strength of rental demand, her approach remains long term.

“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”

Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.

“We asked around and Safari Group had a good reputation,” she says.

Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.

With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.

For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.

Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.

Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.

The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" />

In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”

The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.

The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.

Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" />

The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.

Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.

Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.

Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.

&nbsp;

Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.

The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.

The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" />

MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.

Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" />

The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Mathieson Property unveils Dian Rose Bay apartment development

Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.

Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.

Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.

[smartcode_project:default project_id=149594 project_image_fid=362610]

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;

The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;

A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.

[smartcode_project:default project_id=149594 project_image_fid=362606]

Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;

Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;

Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.

Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.

[smartcode_project:default project_id=149594 project_image_fid=362633]

The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.

Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.

[smartcode_project_cta:default project_id=149594]

Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185858]

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

[smartcode_project:default project_id=106566 project_image_fid=362499]

“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185861]

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

[smartcode_project_cta:default project_id=106566]

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

Cbus

The growth&nbsp;of North Sydney continues with plans lodged by development giant Cbus&nbsp;to create a new residential tower.

The tower will rise 28 levels&nbsp;from a prime 3,950 sqm across&nbsp;173-179 Walker Street and 11-17 Hampden Street, in an area known as the East Walker Street Precinct, up the road from the Aura by Aqualand development.

The new Walker Street project&nbsp;will home 189 apartments, a mix of studios through to four-bed apartments, as well as a handful of Walker Street Terraces.

Cbus Property&rsquo;s Chief Executive Officer Adrian Pozzo&nbsp;said the intention is to develop high-end owner-occupier residences in this fabulous location, with views across the eastern side of Sydney Harbour and northern Sydney.

&ldquo;In recognising the prime location of the site within close proximity of the vibrant and burgeoning North Sydney CBD, we seized the opportunity to create this partnership to deliver this outstanding residential development opportunity,&rdquo; Pozzo said.

Local architecture and design firm fjmtstudio has designed the latest plans for the tower. Plans had previously been submitted by SJB on behalf of Avenor, who sold the site to CBUS in a joint venture&nbsp;for around $150 million last year. Avenor planned for&nbsp;266 apartments when they had the site.

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1140" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.11.57_am.png" width="2060" /></a>

Fjmtstudio Design Director, Richard Francis-Jones, said delivering improved outcomes for the local community was a key objective for the proposed development.

&ldquo;We have worked carefully within the approved planning controls to design a building that optimises view sharing and sunlight access for our immediate neighbours,&rdquo; he said.

&ldquo;It is a unique and innovative design, generated directly from these key community issues. It has been very helpful consulting with the local community to understand their concerns and explain our design.&quot;

In their Design Concept submission to the local council, fjmt said they have developed an architectural response that draws from the character of a freshwater gully stream eroding its way through this place of ceremony, leaving behind a series of sandstone fissures and verdant landscapes.

&quot;The tower and podium forms of Hampden Street suggest horizontally stratified and eroded undercrofts typical of the sandstone escarpments of the Harbour and the subtropical gullies of the North Shore.

&quot;With the brick terraces of Walker Street offering sympathetic scale, structure and contemporary reference to the typologies of our post-colonial past.

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="512" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.12.09_am.png" width="874" /></a>

&quot;The public domain and landscape design draw upon these references and details to establish a landscape of uncommon character and exceptional quality both for the residents and neighbours of the precinct.&quot;

Fjmt note the site is&nbsp;ideally located and structured for redevelopment as high density residential development as the wider North Sydney LGA is seeing a development boom in commercial and residential projects looking to leverage the state and local government investments in multiple public transport hubs for TfNSW Buses, Metro and Train networks.

&quot;The object site is but one within the LGA undergoing significant evolution in character and use and supported by the North Sydney Council strategic planning objectives.&quot;

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1068" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.59.18_am.png" width="1582" /></a>

The existing Walker Street frontage contains five&nbsp;residential buildings with two residential buildings located on the Hampden Street all of which are products from the early 1950&rsquo;s.

The natural designs flow through to the resident only main plaza, which will home 1200 sqm of landscaped space featuring extensive seating, a walking track, dry creek, sandstone terracing and retreat areas.

&quot;The site is envisioned as an urban oasis recreating the lush landscape that exists on site while celebrating&nbsp;the level changes and water as the feature the landscape sanctuary only for residents.&quot;

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1118" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.11.53_am.png" width="2034" /></a>

Fjmt have made a conscious effort to make the building green, targeting a GreenStar rating for the Walker St project. It will be ran off electricity, with solar power supplementing demand.&nbsp;It will promote an active lifestyle, with a car share scheme.

The majority of the building, over 70 per cent, will be two and three-bedroom apartments.&nbsp;

Residents will&nbsp;have access to a wine library and adjoining wine storage space on the lower ground level, as well as bookable meeting space. The lobby is on the ground floor, where there&#39;s also a reading lounge space, a work from home business centre, and the building&#39;s concierge.

Traditional resident amenity is located on the fourth level. There will be a lap pool, gym, sauna, spa, a bookable dining room and function space, sun decks, and a barbecue area.

North Sydney is undergoing a construction boom in both residential and commercial development, which will all be aided by 19 key projects in the area delivered by government and private investment, representing an addition of more than 17,000 sqm of new parks and plazas.

Between Berry Street and the Pacific Highway, the closure of Miller Street gives room for a 7,450sqm public plaza outside the Victoria Cross metro station.

The new Walker Street project will home 189 apartments, a mix of studios through to four-bed apartments, as well as a handful of Walker Street Terraces

First look: Cbus lodge plans for striking Walker Street apartment tower in North Sydney

The Young &amp; Fennelly apartment&nbsp;complex at Randwick, which launched in May, has hit 90 percent sold.

The Cbus Property-developed project comprises 116 one-, two- and three-bedroom residences across a seven-storey "New Deco”-style apartment building and terraces.

It sat at 40 percent sold in early June.&nbsp;

The complex sees completion due in mid 2023.

[smartcode_project:default project_id=100684 project_image_fid=164633]

Colliers Residential advised the update on the second stage of the Newmarket Randwick multi-stage master plan.&nbsp;

The sales have included one-bedrooms for $1.075 million to top-floor three-bedroom residences for $3 million with Bates Smart interiors.

The parkside residences are priced from $2,155,000.

[smartcode_project:default project_id=100684 project_image_fid=164634]

It is close to the cafes and restaurants of the retail and dining piazza, Newmarket Dining, which came in the first stages of the Newmarket Randwick masterplan.

There will be a residents’ communal rooftop space designed by Arcadia Landscape Architecture, with barbecue facilities.

The project takes its name from Fennelly St which pays tribute to Michael Fennelly, who bought the Newmarket property and built the Newmarket Big Stable building.&nbsp;

[smartcode_project_cta: project_id=100684]

Newmarket Randwick project has apartments that have been shaped by post COVID-19 lifestyle changes

jchancellor-FAypfDUnLy

Cbus Property's Young & Fennelly Randwick sales hits 90 percent sold

Cbus Property have reported the sale of three luxury apartments worth $66 million in the 111 Castlereagh St development.

The buyers came from the eastern suburbs and lower north shore.

The biggest sale was a 460sq m double-storey penthouse that fetched about $35 million.

It is called the Jones Residence,&nbsp;named after Sir Charles Lloyd Jones who led the success of the David Jones expansion on which the property sits.

The residence boasts 360‑degree views across the city and towards the Blue Mountains, capturing Hyde Park, Sydney Harbour, the Eastern Suburbs and beyond.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The two smaller sub penthouses in the 101-unit project sold for about $15.5 million each.

The sales marked "a resurgence in the return of Sydney city living and the ongoing appetite for high-end, primely located residential property, despite the challenges of the current COVID-19 climate,” Cbus Property CEO Adrian Pozzo said.

Selling agent Colliers Residential managing director Peter Chittenden said the four-bedroom penthouse occupies part of level 33 and the entire 34th level and includes two kitchens, living areas, a wine cellar and a butler’s pantry.

Cbus has two four-bedroom sky homes and a selection of expansive one, two and three-bedroom residences still for sale in the project set to be finished by the end of 2023.

[smartcode_project_cta: project_id=94354]

Three luxury apartments have been sold off-the-plan in the 111 Castlereagh St development

$35 million penthouse sale secured in 111 Castlereagh by Cbus

Cbus has sold one-third of the 101 apartments in its 111 Castlereagh St development, atop the former David Jones department store.

Colliers managing director, residential, Peter Chittenden told the Weekend Australia he was also "close to selling" a $30 million-plus penthouse in the project being developed by Cbus Property.

It has 460 sqm space.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The cheapest units are one-bedrooms starting at about $3 million, while four bedroom units start from $13.5 million.

Most of the 101 apartments have views over Hyde Park in the tower designed by architects fjmtstudio.

Apartment residents will enjoy a rooftop with a pool, gym and gardens at the project where construction is underway.

[smartcode_project:default project_id=94354 project_image_fid=170428]

The apartments will be ready by the third quarter of 2023.

Chittenden had always expected most buyers would be local owner-occupiers and confirmed there has been no offshore money purchasing in the development.&nbsp;

[smartcode_project:default project_id=94354 project_image_fid=170427]

He confirmed most buyers hail from Sydney’s east as well as regional NSW, with several apartments purchased by high-net-worth farmers.

The Cbus tower sits above the former David Jones menswear store in Market Street with apartments, office space, and luxury retail planned by Cbus Property and Scentre, the owner of Westfield malls.

Colliers has sold one-third of the 101 apartments in the 111 Castlereagh St development

Cbus secure 33 sales at 111 Castlereagh St with $30 million penthouse next to go

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Architects from New York, Chicago and Singapore have been shortlisted to take part in a competition for the design of Cbus Property’s second commercial office project in Brisbane’s CBD, 205 North Quay.
It plans to develop the project in conjunction with partner Nielson Properties.
HASSELL, REX (New York) and Richards &amp; Spence; Cox Architecture, SOM (Chicago) and Rapt Studio; BVN and SHoP Architects (New York); and Architectus and WOHA (Singapore) will compete for the opportunity to produce a concept design for the circa $600 million sustainable A-grade commercial tower that capitalises on its unique waterfront location and transforms the CBD precinct.
“The calibre of expression-of-interest submissions received from architects were of the highest quality, attracting both local and international interest and making the partnership’s analysis and decision-making process difficult,” Adrian Pozzo, CEO of Cbus Property, said.
“Brisbane is a new world city and we plan to partner with the world’s best architects. The strong interest from the architects both locally and internationally has been driven by Cbus Property’s track record, the site’s significant riverfront location, and Brisbane as an emerging global city.
“The site provides an unrivalled opportunity to establish the innovative workplace of the future and create a new commercial building of inspiring architecture that will represent the new world of work.”
The commercial building is intended to add 50,000 square metres of net lettable area to Brisbane’s CBD office market.
It will form part of an exciting new precinct, the North Quarter, which is undergoing a comprehensive transformation with the delivery of new commercial and residential developments, as well as the new Roma Street Station.
The successful team of architects is expected to be appointed in September, with building construction slated for completion in 2023.
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International architects shortlisted for 205 North Quay design competition

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Following January’s commencement of ground works at Cbus Property’s landmark development in north-west Sydney, The Langston, construction has now commenced the residential high-rise project. 
The project’s progression to the next phase of development followed the demolition at the former Westpac Credit Card Services building, between Langston Place and Chambers Court, Epping. 
Project contractors Hutchinson Builders have commenced drilling of the project’s foundations, prior to construction of the development’s basement levels. 
According to Adrian Pozzo, CEO of Cbus Property, the Epping community can expect to see construction of The Langston’s first tower take just over two years, with completion targeted for the third quarter of 2021.
<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/2019/6/18/The%20Langston_Precinct%20with%20train%20station.jpg" alt="">
The Langston will ultimately feature three towers of 19, 24 and 29 storeys, and will include a mixed-use precinct comprising 1,681 square metres of retail space and 1,921 square metres of communal open space.  
Designed by award-winning architectural firm Architectus with landscaping by world-class landscape architects, Arcadia, The Langston will be situated on the highest land point in Epping, enabling panoramic views to the Sydney CBD and Harbour Bridge to the south-east and the Blue Mountains to the west.
Pedestrian links will feature throughout the site, connecting The Langston with Council’s public library to the east, as well as the revamped Pembroke Street Park and other recreational facilities, revitalising the eastern side of the train station. 
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Construction commences at The Langston development in north-west Sydney 

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More than half of Cbus Property's new development, 17 Spring Street, has sold since it launched last month.
The $300 million luxury residential tower designed by Bates Smart has 73 apartments over its 33 levels, although a number of apartments have been amalgamated already.
Construction on 17 Spring Street will commence in September 2019 by the industry super fund backed developer.
Cbus has issued a notice to vacate to Mercure Treasury Gardens, the current site occupant.
Sales so far have been dominated by the local owner-occupier market.
The tower has been proving popular with upgraders already in the city, affluent downsizers and purchasers looking for a new city base.
Cbus Property’s CEO, Adrian Pozzo says 17 Spring will "undoubtedly be the jewel in our crown."
"Purchasers have recognised the unique opportunity offered through 17 Spring Street’s unrivalled location and exclusive offering," Pozzo said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/13/17Spring2.jpg" alt=""> The penthouse living space
“We amalgamated a number of apartments at 17 Spring Street prior to launch, creating additional half floor configurations in anticipation for demand for oversized residences, particularly from the downsizer market.
"This strategy has proved successful with strong sales results for larger format apartments within the first month of the project going on market,” Pozzo added.
Brett Griffith, who is handling the marketing, says Spring Street was "highly sought after."
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17 Spring Street will comprise a mix of two and three bedroom apartments, the two beds ranging from 105 to 160 sqm and three beds from 134 to 245 sqm.
There are a number of half and whole floor residences ranging from 245 up to 441 sqm internally.
The penthouse spans 468 sqm and has a 240 sqm terrace and a private pool.
Construction completion is anticipated for mid-2022.
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Cbus Property sells over half of Melbourne's 17 Spring Street

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Cbus Property has secured a second commercial office project in Brisbane’s CBD in a deal with local developer, Nielson Properties, to develop its 205 North Quay and adjacent 30 Herschel Street properties.
The partners will combine the two properties to create a 3,000 square metre riverfront corner site, with plans to develop it into a circa $600 million A-grade commercial building.
Savills agents Anthony Ott and John McDonald negotiated the transaction.
The new development, to be known as 205 North Quay, presents a landmark opportunity for Cbus Property to bookend its successful 1 William Street, Brisbane commercial project, tenanted by Queensland Government and recently awarded Property Council of Australia’s 2019 Queensland Development of the Year.
205 North Quay will add 50,000 square metres of net lettable area to the Brisbane CBD office market and responds directly to the emergence of the North Quarter precinct which has received record infrastructure investment.
“205 North Quay is a major riverfront CBD site, ideally located to capitalise on the major infrastructure projects nearby such as the recently announced Roma Street Station, Brisbane Metro, Cross River Rail and Brisbane Live,” said Adrian Pozzo, CEO of Cbus Property.
“The economic outlook for Brisbane is strong, with positive employment growth forecast to continue and Queensland’s economic growth also anticipated to continue to outperform the Australian average.
“We will look to build on these strong economic foundations and our past success with 1 William Street, to deliver a premium and future-focused commercial tower for Brisbane’s CBD in collaboration with our partner, Nielson Properties.”
Located in Brisbane’s prime commercial district, the 205 North Quay development will play a significant role in the continued regeneration of the burgeoning North Quarter precinct, which will now also include Mirvac’s 80 Ann Street tower to be tenanted by Suncorp, Shayher Group’s 300 George Street project and the recently completed W Hotel on George Street.
“We are proud to partner with Cbus Property on this landmark riverfront commercial project,” says Ross Nielson, Founder and Managing Director of Nielson Properties.
“As a local Brisbane developer, we’re excited to be a part of the evolution of the North Quarter as it becomes a vibrant hub bolstered by outstanding connectivity to Brisbane’s CBD and premium infrastructure and amenity.”
The tower is expected to be complete by 2023.
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Cbus Property locks in $600 million North Quay, Brisbane office project

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Multiplex has pinpointed incomplete grouting as having caused crumbling of precast concrete columns at its $1.2 billion Collins Arch project.
The issue halted work at the Collins Street, Melbourne CBD work site of the CBUS project, nicknamed the Pantscaper.
The builder would not say how many columns had been affected or what levels of the 44-level twin-tower project had been affected.
The embarrassed super fund, which provides superannuation and income stream accounts to more than 790,000 members, prides itself as being a leading commercial and residential property developer across the country.
The concerns triggered an <a href="/news/precast-column-movement-concerns-stops-work-at-cbus-447-collins-street-pantscraper-twin-tower-project">investigation by structural engineers</a>.
"In limited locations the liquid grouting solution between the column and the floor slab has been found not to have fully penetrated, leading to minor spalling of the precast column edges," Multiplex said on Wednesday.
"The columns in question have since been remediated in accordance with the engineers’ recommendation and a full audit of all precast structural columns is expected to be complete later today."
The builder said there were no structural problems with the building, the design or the precast columns separating floors.
But is acknowledged that "spalling", or crumbling, of the pillars had occurred where pressure built up because the grouting was not evenly spreading the load of the column above.
RCP was appointed by Cbus Property in 2015 to project manage the redevelopment of 447 Collins Street, Melbourne. The quantity surveyor is Rider Levett Bucknall.
It is understood CBUS Property board members were briefed on the issue after the stopwork gained national attention on the Nine Entertainment website.
<div class="cbp-l-project-desc-title">
Mark Ford has been the CBUS Property chair since 2006. Ford is a professional director with extensive property industry experience, including previously being managing director, head of DB Real Estate Australia.</div>
The CBUS Property board includes trade union construction boss Dave Noonan who worked as a builder’s labourer, and managed major union sites at several iconic Melbourne landmarks.
<div class="cbp-l-project-desc-text">
Noonan’s qualifications now comprise the RG146 for Superannuation.
<div class="cbp-l-project-desc-title">
Chris Kakoufas is the CBUS Property general manager of development.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">A CBUS presentation indicated there were unique design considerations for 447 Collins Street due to its complex form, and focuses on the linking of East and West Towers via the skybridge.
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<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"Each tower experiences permanent lateral deflections in different directions due its unique geometry," Rob DiBlasi, Director, 4D Workshop said in 2017 at the Council on Tall Buildings and Urban Habitat.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"This is all about construction...by tieing them together it's an extremely stiff building" said DiBlasi.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The architectural aspiration was to maintain an uninterrupted façade across connecting towers," he advised.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The skybridge structure has been utilized to link the towers and avoid expansion joints. </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"Design considerations include individual tower movement during construction and construction tolerance, skybridge and link structure design and detailing, consequential design effects on stability elements, and skybridge construction methodology. </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The linking of towers can be carried out successfully to create a unique continuous and homogenous architectural form," </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">The presentation advised internal linking forces can be significant and may affect design, detailing and construction.</div>
</div>
Poor grouting was part of the problem at Sydney's troubled Opal Tower, from which residents were evacuated on Christmas Eve.
Along with the poor assembly of beams, there was also insufficient grout – concrete glue made up of water, cement, and sand – at the joints between the hob beams and panels, causing stress in the panels,<a href="https://www.afr.com/real-estate/residential/poor-design-and-construction-at-opal-breached-national-codes-and-standards-20190221-h1bjch" target="_blank"> </a>the Opal investigation found.
Opal Tower also had unique <a href="https://www.propertyobserver.com.au/https://vimeo.com/293076036" target="_blank">construction challenges</a>.
 
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Grouting issues cause of embarrassing crumbling in CBUS's Pantscraper construction project

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Multiplex has halted construction work at CBUS's high-rise jewel, the 447 Collins Street project after possible movement in precast structural columns on the half-built twin-tower project.
The concerns have triggered an urgent investigation by engineers at Collins Arch.
The decision comes after Sydney's Opal Tower issues with precast over the Christmas-New Year period.
The exact nature of the Pantscraper problem was not clear, according to a report by Nine Enertainment, with neither Multiplex nor its consultant engineers 4D Workshop giving more than limited details.
"A small number of minor column settlements have been identified on the 447 Collins Street project currently under construction," the companies said.
"The builder, Multiplex, places the utmost importance on safety and quality and has already commenced a detailed investigation into the cause, with structural design engineers currently inspecting the columns. As a precaution, work has temporarily stopped while that investigation takes place.”
Rob DiBlasi, 4D Workshop director, assured Collins Street pedestrians that the building was safe.
"There’s no issue with the structural integrity of the building," he told The Australian Financial Review.
"There are some minor issues with regard to precast columns."
CBUS has boasted Melbourne's skyline was to be transformed following the construction of a $1 billion luxury high-rise.
Called the "Pantscraper", after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Hotel and 202 residential apartments.
Designed collaboratively by Melbourne-based Woods Bagot and New York-based SHoP Architects, the Pantscraper will dominate the skyline given its unique silhouette.
Three major legal firms, including King &amp; Wood Mallesons, HWL Ebsworth Lawyers, and Gadens have committed to office space.
Completion was anticipated for late 2019.
The current design is the third, after earlier plans for a 100-storey tower and then a 47-storey tower were rejected, in part because of the shadow they would have cast on the nearby Yarra River.
Heritage groups have criticised the proposed park for being smaller than the 2800-square-metre plaza in front of the previous revered brutalist-style building on the site.
Above ground, the two towers meet at level 33. 
The possible fault of precast concrete on a $1.2 billion project in the heart of Melbourne's CBD will ignite to calls for reforms to Australia's construction industry.
The state have yet  to implement recommendations of last year's Shergold-Weir Building Confidence report.
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