Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

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>.

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

Commercial Lease

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Leading household and commercial appliance manufacturer and retailer Miele have signed a seven year lease at Mirvac's industrial development Calibre at Eastern Creek, west of Sydney.
The Miele facility, designed by Mirvac Design in collaboration with SBA Architects, comprises 17,000 sqm of high clearance warehouse facilities and 780 sqm of office and showroom space.
The 5-star green star rated building sits in a prominent position in the Calibre Estate, providing exposure to over 200,000 vehicles a day.
Fabian Nager, Mirvac's industrial development director said the building will establish a new standard for office, warehousing and showroom facilities in Western Sydney.
“At Mirvac we have a strong focus on providing our customers quality, amenity and efficiency, three key components also synonymous with the Miele brand," he said.
Miele’s building through its leading specifications will complement the brand and its business operations providing efficiencies and flexibility to meet the changing face of the retail industry”.
Miele ANZ managing director Sjaak Brouwer said Miele are happy to be joining the Cailbre estate.
"The leasing agreement bolsters our long-standing relationship with the business, as a major supplier of appliances to Mirvac’s residential business," Brouwer said.
“We are very proud to say that Miele Australia has seen substantial growth during the last years and expects this trend to continue, and as such a growing business needs more warehouse capacity and we had to look for a new location in NSW.
”We had some key requirements for the new site – it has to facilitate future growth, it has to be accessible and close to arterials and reflect the premium positioning of the Miele brand. Together with Mirvac we will develop this great new location. We are really pleased with our partnership with Mirvac.”
Miele will take up its tenancy at Calibre in December 2018. They will join leading kitchenware wholesale business Sheldon and Hammond, who will relocate to Building 4 in June 2018, and supply chain management company, CEVA Logistics, who relocated to Building 1 at Calibre earlier this year.
The transaction was introduced to Mirvac by Colliers International’s Peter Evans, Tony Durante and Jonty Lamb.
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Miele signs seven-year lease at Mirvac's Calibre in Eastern Creek

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Two Mornington Penninsula spaces have been leased within the retail food industry.
While 887 Point Nepean Road, Rosebud was leased for $29,000.00 per annum on a three-year lease term with three further options of three years. This equates to a building rate of $95.08 for the 305 sqm building. 
The 240 sqm retail premises at 889 &amp; 889a Point Nepean Road was leased for a total of $60,000.00 per annum on a lease term of three years with three further terms of five (5) years, equating to a building rate of $250 sqm. 
The leasing agents were Anthony Carbone and Seamus Bolst of CVA.
The sites are located with huge exposure to the traffic along Point Nepean Road and across from the Rosebud Pier and foreshore. 
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Mornington Peninsula sites leased to food industry operators

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A shortage of creative office spaces in the Sydney CBD is inspiring tenants to come up with own creative solutions to customise their workspaces.
A recent example is <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-500609535" target="_blank">6 O’Connell Street</a>, a building owned by Investa Office Fund which recently became home to two creative tenants: design firm Gensler and Axiom Workplaces.  
Both have transformed their new workspace using clever design to deliver premium creative space, according to Colliers International, which facilitated the leasing deals.
Dean Bracken and Trent Stephens from Colliers along with Cushman &amp; Wakefield have been appointed as leasing agents by Investa for 6 O’Connell Street.
“Given the limited supply of space in the CBD, tenants need to be quick to secure their ideal office spaces and make the tenancies their own. These companies are examples of those who have taken on the fit out themselves to create a workspace to their own standards,” said Dean Bracken of Colliers International, who was responsible for placing both tenants in the building.  
Axiom was represented by Luke Dutton from Colliers International Tenant Advisory.
“B Grade buildings are attracting quality tenants and high rents – this building in particular is one of the best located, fronting both O’Connell and Bligh Streets in the CBD which offers Harbour Bridge views and continues to attract a diverse range of tenants,” he added.
Global design firm Gensler were originally searching for a heritage building in the CBD location. They have transformed their 6 O’Connell Street tenancy into a sleek, sophisticated office with a homely feel. 
The office (picture above) has a residential feel upon entry, with a fireplace, wine rack and modern, wooden finishes and an artistic mural to reflect the creativity of the business.
“The ground floor space at 6 O’Connell that we now call home presented us with a great opportunity to really showcase our approach to workplace design, which often draws upon hospitality, retail and F&amp;B design influences,” Andrew Waddle, associate at Gensler, 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/2017/10/20/Gensler2.jpg" alt="">
Axiom Workplaces also recently relocated to 6 O’Connell Street, designing and delivering office space with a futuristic feel.
Their office space is designed to emulate a compass, with the middle being anchored by a virtual reality room, with exposed ceilings, concrete treated flooring and terracotta potted plants around windows adding to the overall affect. 
“We didn’t see 6 O’Connell St as just a B-grade property. In fact, we saw it as a prime location in the heart of the CBD and an opportunity to transform the space into something uniquely Axiom. Using our own expertise and talent, we’ve created our ideal workplace that encourages our teams to perform at their optimum from both a creative and a business growth standpoint,” said Alister Hales, head of Business Development and Client Services at Axiom Projects. 
“Design is at the core of what these businesses do, and their offices reflect this.” 
“With French cabaret restaurant Hubert and Spanish wine bar Balcon by Tapavino occupying lower levels of the building this location and other surrounding amenity means that 6 O’Connell Street is one of the most desirable B grade offices in Sydney’s CBD.”
 
 
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Tenants get creative at Investa’s 6 O’Connell Street in Sydney CBD

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Property NSW has announced the lease sale of a heritage-listed commercial property in The Rocks with the funds to be utilised to improve the Sydney Harbour foreshore.
The <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502585746" target="_blank">16-18 Grosvenor St</a> property, formerly known as the Housing Board Building, is listed on the State Heritage Register. It was built in 1921 to house the Resumed Properties Department which was responsible for the resumption of land for the Department of Lands and played a major part in reshaping The Rocks and Millers Point.
It would be sold through a tender closing on November 8 and is being offered via a 99-year lease.
“The Rocks and Darling Harbour are two of the State’s most popular tourism precincts and we must continue to invest in them to ensure the visitor experience exceeds expectations,” said Brett Newman, CEO of Property NSW.
In 2015, the NSW government said that proceeds from the divestment of some select government-owned assets in The Rocks would be allocated to the Restart NSW fund, with at least $200 million reserved for the Circular Quay ferry wharf upgrade. 
“New developments along the Harbour foreshore must be complemented by ongoing investment to maintain and conserve our existing assets,” Newman said.
“The sale via long-term lease will deliver immediate funding to invest in our precincts while ensuring the property remains in government hands and is subject to heritage protections.”
The property has a Conservation Management Plan endorsed by the Heritage Council of NSW to guide any purchaser’s plans for the property.  
The listing agents are Mitch Noonan and Harry George from CBRE.
 
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Property NSW offers long-term lease sale of heritage office building on The Rocks

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“With office vacancy rates in Perth still above 20 percent and conditions continuing to favor tenants, proactive landlords have been completing speculative fit-outs or redecorating existing fit-outs in order to present a more attractive offering to tenants. This trend is likely to continue.” – James Phelan, Associate, Office Leasing 
Pro-active landlords are now completing speculative fit-outs or redecorating existing fit-outs as the competition for tenants intensifies with Perth’s office vacancy rate still hovering above twenty percent.
According to Savills Associate, Office Leasing, James Phelan, landlords are under increasing pressure to present their office assets in ready-to-use form, a trend which could see owners using display suites in much the same way that developers use them to present their apartments to the market.
“Tenants have shown a preference for brand new, fitted, ‘plug n play’ type office space and recent activity suggests savvy landlords are achieving increasing inspection numbers resulting in reduced letting up periods, earlier income returns, and higher face rents when this sort of product is offered to the market. 
“Over the next few years there is the distinct possibility that we are going to see owners creating display suites in order to demonstrate the quality of their asset and the point of difference with their competitors,” he said. 
Ready to use fit-outs a win-win 
Mr Phelan said ready to use fit-outs were a win-win for landlords as they also offered tenants a smoother and less complicated transition into new office accommodation.
“The primary driver for this strategy relates to achieving cost efficiencies. That is, if an existing fit-out can work for a new tenant then they can take the majority of any incentive offered in the form of rent abatement, rather than as a cash contribution to build a new fit-out.
“By not having to allocate their incentive to fit-out costs, tenants can reduce their effective rental costs which makes it easier and more compelling for them to consider a relocation,’’ Mr Phelan said.
He said generic fit-outs with open-plan working environments that could accommodate a variety of industry groups and with the flexibility for tenants to make modifications, were strategically the preference for a speculative fit-out.
“This strategy is particularly prevalent for smaller tenancies from 200-350 square metres, however larger deals have transacted also, as evidenced by Resolute Mining taking 1200 square metres of speculative fit-out at Australia Place, 12-14 William Street, in April.” Mr Phelan said.
He said, anecdotally, the most common enquiry size for tenants looking for CBD space was 150 to 350 square metres.
“Owners that can have ready-to-go, ‘plug n play’ redecorated or fitted out tenancies will be well placed to tap into this enquiry, entice tenants to relocate and subsequently secure new leasing transactions,” Mr Phelan said.
Perth fit-outs completed in 2017 on the back of a speculative fit-out or redecoration of an existing fit-out include: 
 
<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/2017/09/19/Savills-chart.jpg" alt="">
 
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James Phelan is an Associate in the Savills Perth <a href="https://www.savills.com.au/services-and-sectors/leasing/office-leasing.aspx" target="_blank">Office Leasing</a> team. 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. To learn more about Savills, visit <a href="https://www.savills.com.au" target="_blank">savills.com.au</a>.
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Landlords create speculative fit-outs as rivalry for tenants intensifies: Savills

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National not for profit training, employment and community services organisation STEPS Group Australia is expanding in the Northern Territory after securing space in the CasCom Centre business park in Darwin.
STEPS has leased a 416 sqm office at the CasCom Centre at <a href="https://www.sentinelpg.com.au/properties/cascom-centre/" target="_blank">13-17 Scaturchio Street, Casuarina</a>, from Sentinel Property Group, which purchased CasCom last year for $34 million.
The CasCom Centre is a six-building business park with nearly 10,944 sqm of gross lettable area.
The property is predominantly leased to territory and federal government departments.
STEPS has taken up a six-year tenancy at a gross rental of $430 per sqm per annum.
Established in 2010, Brisbane-based Sentinel has a total national portfolio of more than 40 retail, industrial, office, land, tourism infrastructure and agribusiness assets in Queensland, New South Wales, Victoria, Western Australia, the Australian Capital Territory and the Northern Territory with a total value in excess of $1 billion.
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STEPS leases space in Darwin business park

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Commonwealth Bank of Australia has leased space in Melbourne’s Glenferrie Road shopping strip, which according to leasing agent Allard Shelton is the largest dollar value letting deal in 2017.
The agreed rent of $275,000 p.a plus GST and outgoings for <a href="https://www.realcommercial.com.au/property-offices-vic-malvern-502202670" target="_blank">142 Glenferrie Road, Malvern</a> works out for a rent of $859 per sqm.
“Demand for retail property in Melbourne is still strong and freehold buildings on high exposure corners like this are always sought after,” said Allard Shelton’s Patrick Barnes.
Commonwealth Bank is expected to occupy the new premises by October 2017 with the owner of 142 Glenferrie Road fitting out the building in line with the Commonwealth Bank’s retail design strategy. The fit out is expected to take over two months to complete and will comprise of an internal and external renovation.
The site is part of one of Melbourne's busiest shopping strips and is close to other quality tenants such as Coles, ANZ, Westpac and Dan Murphy’s, added Barnes. 
Allard Shelton, Victoria’s oldest, Australian owned commercial property agents, facilitated the rental transaction after an introduction from Fitzroys director, David Bourke.
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Commonwealth Bank leases space in Melbourne's busy Glenferrie Road shopping strip

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The Blue Lady Tattoo Parlour will be carving tattoos from its new leased space in the Melbourne CBD.
The leased space is on the first level of <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-501367339" target="_blank">67-73 Hardware Lane</a>. It spans 102 sqm.
The three-year lease with options for two further three-year options commenced at an annual rental of $55,000 plus GST.
The shop is operating with seven artists working on a seven-day a week opening basis from 11.30 until 8 pm.
<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/2017/08/28/HardwareLane.jpg" alt="">
The deal was negotiated by Gray Johnson agent Rory White.
The tenancy offer was inclusive of an introductory two months rent-free period.
“Hardware Lane is noted for its restaurant and bar outlets close to major city legal and business offices so this tenancy adds a new service dimension to an activity precinct,” White said.
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High-end tattoo parlour takes lease in Melbourne CBD

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One of Brisbane's top hairdressers has snapped up the first commercial tenancy at Kangaroo Point's new apartment development, The Marc.
Sarah Seymour, a leading hair stylist who has worked with some of Australia's top models, Sydney Fashion Week and runs Brisbane's most regarded salons for the past decade, will open the doors to her first New York style, loft salon The Mane Attic, on August 26.
Seymour committed to a 48 sqm street level tenancy on a five-year lease, with options at the <a href="https://www.themarcapartments.com/" target="_blank">616 Main Street</a> development.
The space shares a floor with the apartment building's lobby and will spill out onto Main Street.
Three tenancies remain at The Marc, a short walk from the Kangaroo Point lookout, with leasing rates priced from $700/sqm and spaces ranging in size from 60 sqm to 121 sqm.
Seymour said in addition to The Marc's chic architecture, its prime location and proposed Boulevard style streetscape were key attractions.
"The Marc is a very contemporary building and while it's located just a few minutes from the city, it's out far enough out to allow my clients to switch off for a few hours in a more relaxed environment," she said.
"My salon will radiate a New York loft style design and will complement it perfectly.”
The Brisbane City Council has cited Kangaroo Point's Main Street as the east side's 'high street' and Seymour says the street's Boulevard style development covenants were great signs of the area's future growth.
The Marc consists of 69 contemporary apartments and is almost 85 percent sold with sales in excess of $30 million. The building is expected to be completed by the end of August.
Development partner Anthony Conomos said in addition to The Marc's location close to the CBD, Main Street's boulevard-style development covenants were proving key benefits to prospective tenants.
"Kangaroo Point is the first eastern suburb outside of the Brisbane CBD and Brisbane City Council granted Main Street the trophy 'high street' status, meaning the area has great appeal for both residents and visitors from surrounding regions," he said.
The four commercial spaces are on the ground floor. Bulk of the foundational work, such as installing air-conditioning, grease traps and exhaust ducting have already been done.
The eight-level apartment project, developed by joint venture partners - Artaria Developments, Main St (Bris) Pty Ltd and Chad is the third project by the group in Kangaroo Point.
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Top hair stylist leases space in Brisbane's Kangaroo Point development

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Fast-food franchisee SumoSalad has reportedly managed to negotiate lower rents from reluctant landlord Westfield through its tactic of insolvency laws.
The two parties are close to a mutually favourable commercial outcome, with the final details to be sorted out by early next week, Australian Financial Review columnist Tony Boyd wrote in Chanticleer.
The deal is expected to attract great attention from retailers operating in large shopping centres because it will show that it is possible to tip the balance of power from landlords back to tenants, Boyd said. 
SumoSalad co-founder Luke Baylis said on Tuesday he was negotiating better rental terms at Westfield centres, without going into details. 
SumoSalad’s boss put two of the 20 companies in his group into voluntary administration in June, escalating the tension between the fast food chain and Westfield after failed attempts over six months to negotiate cuts in leasing charges.
The two companies, Sumo Westfield Leasing Pty Ltd and Sumo Leasing Pty Ltd, were put into voluntary administration with Morgan Kelly and Peter Gothard from Ferrier Hodgson appointed voluntary administrators. 
Baylis’s contention was that SumoSalad franchisees had suffered from the opening of new food eating areas which, according to him, was designed to increase foot traffic but had cannibalised the sales of SumoSalad outlets because of increased competition.
"Using the voluntary administration law involved a more strategic approach in terms of negotiating," Baylis said.
He added that SumoSalad was well prepared for using the insolvency laws because all of its leases were held in separate companies within the SumoSalad Group. The two SumoSalad leasing companies had 63 separate leases across 25 different lessors. Westfield was responsible for 19 of them.
Kelly compared the use of the voluntary administration laws by SumoSalad to the Chapter 11 bankruptcy law in the United States. 
“You have protection from your creditors while you negotiate a commercial outcome,” he said.
"I believe the use of the laws in this way is unprecedented.” 
Kelly said in a report to creditors that many SumoSalad franchisees were not trading profitability "primarily due to high levels of rent" and led to a number of them “abandoning their sites”.
Baylis says that while the strategic use of insolvency laws had been effective, it would cost him about $250,000.
 
 
 
 
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