<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

Commercial Office

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Australian CBDs are still reeling from the impact of COVID-19, with new data revealing a deceleration in the rate of workers returning to their offices.

The Property Council of Australia’s latest office occupancy survey has found little growth in the number of workers returning to offices in February across most Australian CBDs.

Especially following recent snap lockdowns, Melbourne and Perth CBDs both had less workers at the end of February than they had at the end of January. Melbourne’s CBD recorded only 24% occupancy in the final week of February.

Sydney’s CBD experienced the strongest growth last month with 48% occupancy recorded - up from 45% in the final week of January.

<img alt="" height="1016" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cbd_office_vacancy.jpg" width="1200">

Survey respondents identified worker preferences for greater flexibility as the main barrier to achieving full occupancy despite office building owners and managers working to ensure workplaces are COVID-safe.

“As Australia’s public health response reaches a new phase and the vaccination program rolls out, we’re looking forward to more CBD workers coming back to their offices to enjoy the benefits of face-to-face connections and collaboration,” said Property Council chief Ken Morrison.

“Lively city centres are not only important for the thousands of businesses who rely on foot traffic, but also for millions of jobs and hundreds of billions of dollars in broader economic activity generated in our CBDs,” he noted.

But boosting office occupancy levels remains a big challenge, especially in the secondary office space which is at risk of lower occupier demand and high vacancy, and likely in need of being retrofitted or repurposed. A recent PWC report advised around 12% of Australia’s economic activity during the 2019 financial year can be attributed to four of the country’s largest CBDs, but were likelier than the wider community to work from home.

"We believe that this so-called ‘death of the CBD’ has been exaggerate," PWC advised. "As the risks of COVID-19 recede, we can expect people to return to work in Australian CBDs." RMIT planning Professor Michael Buxton believes the emptying out of commercial buildings will be temporary, telling The Age the greater threat to the CBD was the loss of international students and short-term renters in high-rise apartments.
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Survey respondents identified worker preferences for greater flexibility as the main barrier to achieving full occupancy. 

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The return to workers in CBD offices slows

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Charter Hall has taken a 100 per cent interest in the Sydney CBD tower block currently leased to Telstra.

Their Charter Hall WALE Limited, a responsible entity of the Charter Hall Long WALE REIT, has paid $281.5 million for the 76-78 Pitt Street building, which will be leased back to Telstra on a 10-year, triple-net agreement at a yield of around 4.75 per cent.

Telstra will see a fixed annual rent increase of 2.5 per cent.

Avi Anger, fund manager of CLW, said the property has a high underlying land value and future optionality.

Charter Hall's REIT has also entered in to an agreement to take a 100 per cent interest in a new Bunnings property to be developed in Caboolture, in Queensland's Moreton Bay region, for $28.1 million.

The REIT have also announced they've completed the acquisition of a 49.9% interest in an Endeavour Group leased pub the Parap Tavern in Darwin, paying for $9.8 million.

“Bunnings Caboolture and the Parap Tavern are located in strong trading areas and identified growth corridors for Bunnings and Endeavour Group," Anger said.

"The acquisitions increase the proportion of triple net leases in the portfolio from 50% to 53% and increase the proportion of fixed rent reviews to 55%, further supporting the REITs secure and growing income.

"The Acquisitions also increase CLW’s exposure to high quality tenants in Telstra, Endeavour Group and Bunnings.”

The REIT will undertake a fully underwritten $250 million institutional placement to partially fund the acquisitions and associated transaction costs.

 

 
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Charter Hall acquire 100% stake in Sydney's Telstra building

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Super Retail Group, an Australian retail conglomerate, has opened a new workplace in the Moreton Bay suburb of Strathpine.
The building was designed by Cottee Parker architects, while global architecture firm Woods Bagot designed the interior.
With an annualised turnover in excess of $2.5 billion, SRG is one of Australasia’s largest retailers of auto, sports, and outdoor leisure products.
Within its stable are notable brands including BCF Boating Camping Fishing, Macpac, Rebel and Supercheap Auto.
Located adjacent to the Strathpine shopping centre and rail corridor, and the sole tenant of the building, SRG’s new workplace sits within what will become a larger mixed-use precinct being developed by PrimeWest.
Woods Bagot associate principal and project design leader Sarah McMahon says that SRG setting up permanently in Strathpine is a tremendous vote of confidence for the area.
The new support office accommodates 650 of the company’s key customer care, visual merchandising, product testing, and retail experience staff across three levels. It comprises of 7000 square metres, and cost $75 million to build.
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Super Retail Group reveal new Strathpine headquarters

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Older Dubbo offices are struggling to attract leasing inquiry.
The location of Dubbo office accommodation has diversified significantly in recent years with the development of a number of business park precincts, exemplified by the Blueridge Business Park in East Dubbo (above) and Riverview Business Park in North Dubbo, according to the latest report from Herron Todd White.
Both offer single ground level office unit accommodation and have drawn a divergent range of office users to these areas according to the report.
These business park developments offer the particular advantage of onsite parking and purpose built amenity.
But older CBD office space, particularly those without lift services in multi floor buildings, struggle to attract leasing enquiry.
This can be compounded where car parking is limited, the report suggests.
As a consequence, office users who don’t rely on physical client contact have gravitated to periphery CBD locations or the aforementioned business park developments.
It noted government and allied agencies that require face to face dealings with the public need to be located within easy access to public transport and other support services.
According to the report this necessity has confined these agencies to within the Dubbo CBD and they are the major source of leasing demand for larger, modern, publicly accessible and NABERS compliant office space.
 
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Older Dubbo offices struggling to attract leasing inquiry: HTW 

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The Trocadero and Académie de Musique, a Victorian Fleming-style commercial building at 69-77 King Street, Newtown, has been sold.
The non profit cancer charity, CanTeen has paid $13 million to the Moore Theological College, which bought the property in 1974.
CanTeen has been the anchor tenant in the heritage-listed building since 2014, occupying most of the 1700 square metres of internal space.
There were more than 250 inquiries, and more than 50 inspections.
The agents were quoting more than $10 million, offering comparables including the historic Chippendale warehouse, which the University of Technology Sydney bought for $11.25 million last March.
Built during the 1880s boom, the Trocadero was one of 25 roller skating rinks in Sydney.
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Cancer charity CanTeen buys Newtown building for $13 million

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Designer William Smart has proposed $4.9 million alterations and additions to his intended Alexandria office property. 
It follows the<a href="https://www.realcommercial.com.au/property-industrial+warehouse-nsw-alexandria-502372482" target="_blank"> recent purchase</a> by Smart Studio Design.
There was a $2.65 million purchase from NID Pty Ltd of the 3360 square metre site along with $6.55 million of the adjacent warehouse space.
The warehouses of 12-18 Stokes Avenue are representative of Post-War and late twentieth century warehouses constructed during the industrial development of Alexandria during one of the peak periods of Australia's industrialisation.
The 12-18 Stokes Avenue space will accommodate the new fitout for Smart Design Studio and a caretaker's apartment.
A portion is located within the North Alexandria Industrial Heritage Conservation Area, triggering a Heritage Impact Statement.
Two buildings are located on the subject site 12-16 Stokes Avenue and both buildings have primary frontages to Stokes Avenue and rear access via Balaclava Lane.
While 18 Stokes Avenue forms part of the subject site, no works are proposed to the existing warehouse located on this lot.
The properties within the vicinity of the subject site are predominantly commercial in character, with properties surrounding consisting of a mix of warehouses and office spaces.
Buildings designs are typically simple and robust, reflecting the modular building forms, with heavy geometric massing and restrained ornament limited to the brickwork and parapet wall, as is typical for industrial buildings of the inter-war and post-war periods.
The Inter-War and Post-War characteristics of the North Alexandria Industrial HCA can clearly be seen through the stepped parapets and sawtooth roofs.
The development of Stokes Avenue was slow to begin, with subdivision only occurring from 1922. The first developments on Stokes Avenue were single storey residences, which were later replaced by industrial and warehouse buildings during the 1950s and 1960s.
The development of the subject site took place in two stages, with 18 Stokes Avenue being developed as a warehouse site from as early as 1943, followed by the development of 12-16 Stokes Avenue into a warehouse during the 1950s.
The 1951 Civic Survey of Sydney identifies the owners of 18 Stokes Avenue as J. Gadson Pty Ltd, a company which manufactured cans.
Founded in 1879 in Melbourne and begining its first plant in 1912 in Sydney.19 In November 1951, J. Gadsen Pty Ltd merged with R. Hughes Pty Ltd, continuing the use of the Alexandria factory as a can making facility. R. Hughes Pty Ltd had been founded in Sydney in 1880, developing three factories, one of which concentrated in lithographic metal printing and lacquering. 
During the 1950s, 12-16 Stokes Avenue changed uses from residential to industrial, with the construction of a new single storey warehouse building at 12-16 Stokes Avenue, for the manufacturing of confectionary machinery in 1958, owned by Hans Faerber.
Hans emigrated to Australia from Germany following the end of World War II.
Faerber's company was soon designing and building its own sugar sanding and starch moulding machines.
By 1958, Hans's business had grown and was incorporated as New Industrial Design (NID), functioning out of both the new purpose built warehouse at 12-16 Stokes Avenue and the existing warehouse, previously under the ownership of Gadsen- Hughes Pty Ltd at 18 Stokes Avenue. 
Since NID's founding in Alexandria in 1958, the business has continued at 12-18 Stokes Avenue. The property was offered with a year long lease back.
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William Smart Design Studio take on its own ambitious Alexandria warehouse office project

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Car and home insurer Youi has unveiled its new Sunshine Coast headquarters building at the Sippy Downs technology precinct.    
The completion of Stage 1 of the four-level building provides the insurer with 12,500 sqm of high-tech office space and accommodation for up to 1,700 staff.  
Stage 2 of the project will see a 12,500 sq m wing added to the new headquarters providing space to accommodate up to 3,000 staff.
“We are one of the region’s major employers and have been part of the Sunshine Coast since Youi commenced its Australian operation with 30 staff in 2008,” said Youi CEO Frank Costigan.
“The decision to build our new headquarters at Sippy Downs reinforces our commitment to growing with the community and providing additional employment opportunities across the region.”
He added that the new location places Youi close to the University of the Sunshine Coast that would enable a partnership.
The unveiling was attended by Mayor Mark Jamieson.
“Sunshine Coast Council has been working with Youi for the past decade as it grew from a start-up business to be one of the region’s major employers now based in this very impressive global HQ,” Mayor Jamieson said.
“Their investment is one of the largest non-governmental related investments in our Sunshine Coast’s history.”
The global headquarters will be home to all corporate positions including IT, marketing, HR and other professions.
It will also have an innovative advice hub where customers and public can drop in to discuss their insurance or obtain advice about Youi’s products, Costigan said.     
The energy efficient building is complimented by a sophisticated security entry system that does away with access cards by recognising each employee.
The close to 900 staff will move in to the new office from its offices on Lake Kawana at Birtinya before Christmas.
 
 
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Insurer Youi unveils new $73 million Sunshine Coast headquarters

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A fully leased commercial office building in Sydney’s CBD and overlooking Darling Harbour is set to hit the market, while another opposite Hyde Park has been listed.
The building at <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-501644761" target="_blank">160 Sussex Street</a> is a renovated 15-storey office asset comprising 8,269.6 sqm of net lettable area on an 853.6 sqm site.
The building was constructed in 1992 and has an elegant heritage façade while incorporating modern office accommodation.
It last traded for $51.2 million in 2015, according to Corelogic RP Data.
It offers a Weighted Average Lease Expiry (WALE) of 3.26 years (by income) with a net income of nearly $4.6 million.
Vacancy rate in the Sydney CBD office market has remained the lowest among the national capitals, helping drive strong growth in both capital values and rental growth, according to the latest research data from Savills.
With vacancy currently at a low of 5.9 per cent and expectations of further tightening over the next two years as net supply remains negative, rents have grown in double digits over the past two years and risen to record levels, according to Savills, which is partnering with Colliers International to market the freehold B-Grade commercial office building. 
Given forward indicators and a distinct lack of short term supply, this trend appears to have further to run, while investor demand for quality assets remains strong in the Sydney CBD, particularly from Asian investors, despite concerns over tightening capital controls.
The marketing is being done by Graeme Russell, Simon Fenn and Ben Azar of Savills and Vince Kernahan, Tom O’Neill and James Barber of Colliers International.
The property is being sold through an expressions of interest campaign closing November 2.
The vendor is local property investor, Stephen Burcher, of the Burcher Property Group.
The property is fully leased with major tenant Education Centre of Australia (ECA) occupying 46 per cent of the building. Other major tenants include Rankin Ellison Lawyers, Fortinet International, Dual Australia, Trippas White Group, Turner Freeman Lawyers and Health Care Australia.
The CBD's Western Corridor precinct where the building is located has the highest net effective rental growth, according to Graeme Russell of Savills Australia.
“What is happening within the Western Corridor precinct is changing the dynamics of the Sydney CBD. New construction worth billions in office, residential, hotel, transport, infrastructure and entertainment developments in the area gives Sydney a new focal point," said Russell.
“The commitment by both public and private sectors promises that this precinct will bring a new standard of working and living to the area with 160 Sussex Street perfectly positioned to benefit from this development activity” he said.
Vince Kernahan of Colliers said more than $6.5 million has been spent on services and refurbishment works throughout the building since 2012.
Meanwhile, a freehold corner office tower opposite Sydney CBD’s Hyde Park has also come to the market.
Located at <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-501680013" target="_blank">299 Elizabeth Street</a>, on the corner of Elizabeth and Liverpool streets, the property offers access to major retail destinations such as World Square, Westfield Shopping Centre, QVB, Chinatown and Darling Harbour Live.
 <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/2017/09/20/299ElizabethSt.jpg" alt="">
The building comprises nearly 5,974 sqm of net lettable area with ground-floor retail space. It is nearly fully leased.
It also has direct access to the underground Liverpool Street entrance to Museum Train Station. 
The listing agents are Knight Frank’s Dominic Ong, Andy Hu and John Bowie Wilson along with JLL’s James Aroney and Steven Tsang.
They are acting on behalf of a private Asian investor and the property will be sold via an international expression of interest campaign starting September.
Knight Frank’s Dominic Ong said investment demand was extremely high in the Sydney CBD. 
“There remains a lot of capital chasing solid assets in Australia. We are expecting interest from local and offshore buyers, including syndicates and high net worth individuals,” he said.
“The high profile corner is directly opposite Sydney’s Hyde Park and is an appealing investment package due to its current level of occupancy and diversity of income through the retail and commercial tenancies,” added JLL’s James Aroney.
The building recently underwent a $1.55 million upgrade and is nearly fully leased – primarily to legal occupiers – due to its proximity to the Local &amp; District Court within the Downing Centre.
 
 
 
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Sydney CBD building overlooking Darling Harbour listed: Savills

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The award-winning penthouse office in Melbourne's South Yarra has sold after having price expectations of $6.5 million plus.
It is understood to have been bought by parties associated with SecureCorp joint managing director Craig Harwood
The two-level office with 675 sqm of flexible space is set in one of Melbourne's top retail hubs.
It sits on the corner of Arthur and Chapel Street, perched above the vibrant precinct.
In 2015 it took out the Interior Design Magazine's Best Interior Design Award, one of New York's most prestigious design awards.
It was also named a finalist in the Workplace Design and Workplace Less Than 1,000 sqm categories at the 2015 Interior Design Excellence Awards in Australia.
Colliers International secured the sale of <a href="https://www.realcommercial.com.au/property-offices-vic-south+yarra-501998198" target="_blank">529 Chapel Street</a> on behalf of local developer Bill McNee.
“This is a truly unique offering – there is no other office in Melbourne that compares to this one,” agent Daniel Wolman said before the sale.
“On offer is the world’s best office in the heart of one of Melbourne’s trendiest and most sought after suburbs."
The office has communal and private workspaces, innovative entrances, steam rooms and luxury finishes with multiple rooftop terraces.
Luxury features include a Sonos sound system throughout, automated bi-fold doors, a teppanyaki grill and beer taps on the external terrace. 
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World's best small office design sells on Chapel Street

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An East Melbourne property scored more than 20 percent over its reserve at a Savills auction recently, selling for $9.53 million to an investor.
The 96 Wellington Parade property, located opposite the MCG and Jolimont Station, drew 128 enquiries.
Selling agents, Savills’ Nick Peden, Clinton Baxter and Jesse Radisich, said the result represented a strong building rate of $8456 a square metre of net lettable area, and $18,613 a square metre of land.
The property is a five-level, 1,127 square metre (NLA) office building on a 512 square metre, and is zoned Commercial 1. Savills represented the Catholic Church for the deal.
The building covers around 65 percent of the site, while the zoning allows for a building height of 24 metres or eight levels subject to council approval.
It offers uninterrupted views across parkland to the MCG, said Baxter.
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