Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

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The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

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ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

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Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

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Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

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&nbsp;

“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

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Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

&nbsp;

Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

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“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335425]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335426]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335427]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

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Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Heritage Building

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One of few institutional grade heritage assets in Brisbane’s CBD has hit the market. 
The property at 308 Queen Street and 88 Creek Street has been listed for sale via expressions of interest campaign. 
 JLL’s Seb Turnbull and Luke Billiau have been appointed sell the property. 
“Demand for quality CBD assets remains at an all-time high in Brisbane. Sub $100 million opportunities are rare in the Golden Triangle and assets on the most prominent corner in the Golden Triangle are even rarer,” JLL’s Seb Turnbull said. 
“Brisbane has been the most active commercial market in 2019, primarily due to its relative value proposition compared to the southern states, as well as the strong leasing market outlook underpinned by the $12.7 billion infrastructure spend in the CBD alone.”
The building was built in 1885.
It underwent a major repositioning in 2008, which included the addition of the boutique A-Grade tower at 88 Creek Street, bringing the asset’s total NLA to 4,501 square metres. 
The property has only been offered to the market once before.
JLL’s Luke Billiau noted that the asset is underpinned by a diverse mix of income from a number of quality tenants in both the retail and office accommodation.  
The building is close to the Queen Street Mall. 
308 Queen Street has the benefit of the integrated 88 Creek Street that offers modern A-Grade standard of accommodation.
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Brisbane CBD heritage building listed for sale  

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Zetland, an intact Hawthorn home that dates back to its design by architect William J. Ellis in the 1870s, has been sold.
In need of a full scale renovation, it reportedly fetched between $3.4 million and $3.7 million, which was its price guidance. 
It was bought by a local family with four bidders at its private auction.
Set under a slate roof, Zetland is a Victorian villa that contributed to the standing of Hawthorn's river-side precinct.
<a href="https://www.realestate.com.au/property-house-vic-hawthorn-130958986" target="_blank">The Yarra Street home </a>was an early sign of the affluent housing push which consolidated Hawthorn as a most desirable garden suburb.
<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/2019/5/29/hawt%202.jpg" alt="">
Zetland was heritage listed on the Victorian Heritage Register in 1980 and on the national register in 1991.
The 1870s were a busy time for Ellis, who was putting the finishes to the Fitzroy Town Hall tower.
There were also alterations for Studley House, Kew for James McEvoy, the Riverina squatter.
<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/2019/5/29/hawt%203.jpg" alt="">
Ellis, who was also working for brewer Edward Latham on the Carlton brewery site, ran a successful architectural practice until the 1880s, concluding with the design of the Italianiate Queenscliff hotel, Ozone formerly known as Baillieu House, and Manresa, the Catholic presbytery at the Church of Immaculate Conception on Burwood Road, Hawthorn.
He also designed Bankside, the home next door to Zetland, which last sold in 2005 at $1.76 million. It had an $900,000 renovation approved in 2012.
Zetland, that sits on 980 square metres, comes with rare seven-arch arcaded ornamental ironwork verandah and balustrading.
Its seven rooms, including four bedrooms, come with all its period features, including wide arched hallway, marble open fireplaces, timber floors and even the servants bells.
At the rear of the property is the original Hawthorn brick stable which has been converted to a garage.
The Yarra Street subdivision, one of the earliest streets in Hawthorn, saw two adjoining allotments pass from the subdivision entrepreneur George Coppin to police detective Charles Black, who commissioned two similar houses.
It was the Lerwick, Shetland Island-born accountant John Robertson who bought the home in 1876 following Black's death and named it Zetland. He and wife, Robina had eight children. 
Zetland, which was then valued at 60 pounds on completion, remained in the Robertson name until 1914, when it was valued at 66 pounds. It had peaked at 95 pounds in the late 1880s before the depression.
Elberfeld, another early Victorian villa, secured an award in the 2018 Boroondara Urban Design Awards. 
Located on Lisson Grove, architect Jane Riddell redesigned the 1876 home for her client with a rear floating pavilion to sit in John Patrick landscaped gardens with a low-maintenance Japanese aesthetic.
The council records showed the renovations were costed at $1.3 million after its $3.1 million purchase in 2014.
Its names reflected the Püttmann family's German origins.
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1870s heritage Hawthorn home Zetland sold

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Horningsea Park, the intact early Georgian house built for Battle of Waterloo veteran and pastoralist settler Lieutenant Joshua Moore, has been listed for sale for the first time in 20 years.
<a href="https://www.realestate.com.au/property-house-nsw-horningsea+park-129193310" target="_blank">The 1839 heritage-listed, convict built mansion</a> overlooks a housing development. 
It was once the rental home in the 1840s to the explorer Count Paul Strzelecki, credited as discovering and naming Mount Kosciusko.
Horningsea Park was one of Governor Lachlan Macquarie's large pastoral grants made following the establishment of Liverpool in the 1810s.
The 500 acre property was granted to Moore conditional on 50 acres being cultivated within five years.
The Moore family sold Horningsea in 1855 to clear debts from the 1840s depression. The derelict house was classified by the National Trust of Australia in 1976, and saved from demolition after intervention from the Minister for Planning with a permanent conservation order coming in 1983. 
Offers over $3 million are being sought by Ray White Macarthur agent Brendan Lappan for the 9089 square metre holding which comes with massive Bunya pines and Moreton Bay Figs.
Dr David Webster, company founder and managing director of WebIT/ListOnce and wife Samantha plus their three school age children, have called Horningsea Park House home during which they installed an extension designed by heritage architect Howard Tanner.
This article first appeared in The Sunday Telegraph. 
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Heritage-listed 1839 Georgian mansion Horningsea Park listed

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The Ramsay Centre for Western Civilisation has leased Horbury House, a Macquarie Street building in the Sydney CBD, for its new headquarters.
The heritage offices at 171 Macquarie Street are owned by UK businessman Sir Martyn Arbib. The offices are his family's only known Australian investment. They cost $5.35 million in 2005.
Built in 1842, the Georgian style, three storey building has just undergone a full refurbishment.
The newly launched centre, which supports arts and humanities teaching at universities, signed a five-year lease on confidential terms.
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Colliers International's Tom Buxton handled negotiations.
Horbury House is a combined pair of three storey terraces with a basement, originally part of a terrace of seven residences extending from the corner, and part of a continuous streetscape of terraces.
They are one of the last residential terraces in Macquarie Street and are set between a 1970s office development and a 1940s office building.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentreSketch.JPG" alt="" style="font-size: 12.16px;">
The Macquarie Street building is of historic, aesthetic and social significance as a rare surviving colonial city terrace retaining its external form and indicating the type of development that characterised Macquarie Street in the mid-nineteenth century.
Only the facade and some roof framing survive from the 1842 building constructed for Ousley Condell.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentre2.JPG" alt="">
It was named after Horbury, an area in England.
From the 1890's its access to Sydney Hospital made the terrace an ideal site for surgeon's professional rooms. More recently, as the medical character of the street changed, it has been used as company offices.
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Ramsay Centre for Western Civilisation leases Macquarie Street Georgian relic, Horbury House

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Two residential properties in the historic suburb of Millers Point, including Sydney’s first ever walk-up apartment building and an entire row of period terrace duplexes, will be sold through auction on December 14.
There is a price guide of $9 million to $9.5 million, which will be the second most expensive Millers Point disposal, after a block of 12 apartments at 44-48 Merriman Street and 56-62 Bettington Street sold for $12.3 million in 2016.
They are being sold off by Property NSW on behalf of Family and Community Services as part of the Millers Point sales programme to fund social housing. So far, the sales have delivered more than $467 million.
As of August, 655 new social housing dwellings have been completed and 422 dwellings are under construction, Property NSW said in a media release.
‘Stevens Buildings’ at 73 Windmill Street (picture above) is of architectural importance and is recognised by the NSW Trust as the first residential apartment building to be constructed in NSW.
Designed by renowned architect Joseph Alexander Kethel (1866-1946), the heritage building sits on a 1,802 sqm site and comprises 11 apartments (nine x one bedroom and two x two bedrooms) capturing views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.
It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel’ and was the first walk-up block of flats in Sydney.
Some apartments offer dual aspect and flow through. All have open balconies with the ground floor with its own courtyard.
The other building, 74-80a High Street, comprises eight two-bedroom period terrace duplexes divided into two blocks each comprising four apartments on a 539 sqm island site. 74-80a High Street is expected to fetch about $8 million to $8.5 million.
The block is one of a group of early twentieth century workmen’s apartments built by the Sydney Harbour Trust in the early 1900’s.
<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/2017/11/10/74-80aHighSt.jpg" alt="">
There is scope to transform the apartments to their original condition, subject to Conservation Management Plan (CMP). The solid brick construction boasts deep verandahs, spacious kitchens, living and dining areas, with the first floor duplexes also comprising roof-top drying terraces with panoramic views across Barangaroo, Balmain and Darling Harbour.
Both addresses will be sold in one line (separately) via public auction through Robert Lowe and David Hickey of Savills Australia and Richard Shalhoub of Sotheby’s International Realty on behalf of Property NSW.
“This is a truly unique occasion for investors and developers alike to own a piece of Sydney’s rich heritage” said Robert Lowe of Savills.
Richard Shalhoub of Sotheby’s International Realty added that there was potential to transform the 1900’s historical masterpiece ‘Stevens Buildings’ into luxurious residences.
“There is actually tremendous scope to restore and transform both assets which are zoned as R1 General Residential, which will provide housing needs for the community and maintain the existing land use pattern of predominately residential use and we expect interest from both local and offshore investors and developers” he continued.
Separately, McGrath Estate Agents have also started marketing the following properties that are to be auctioned on December 6:
<ul>
<li>40 Merriman Street - one bedroom terrace</li>
<li>42 Merriman Street terrace - one bedroom terrace</li>
<li>125 Kent Street - four-bedroom terrace</li>
<li>46-48 Argyle Place - five-bedroom terrace</li>
<li>88 Kent Street terrace - four-bedroom terrace</li>
<li>61 Windmill Street terrace  - three-bedroom terrace</li>
<li>70-72 High Street - block of four apartments, each with 2 bedrooms</li>
</ul>
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Sydney’s first walk-up block of flats for sale in Millers Point

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The Kirby family, founder of cinema chain Village Roadshow, is selling its two Mornington Peninsula cinemas.
The market expectations are in excess of $10 million.
The offering included the historic 1894-built Sorrento cinema on Ocean Beach Road, which the Kirby family has owned for more than 70 years, and the more modern multi-screen complex in Rosebud.
The Sorrento cinema was originally called the Sorrento Athenaeum Hall - the home of travelling shows with performers appearing during the summer holidays. 
The larger Rosebud cinema is on a 2800 sq m site on Rosebud Parade with seating for 792 people across a five-screen cinema complex
CBRE has the listing with local agency Prentice Real Estate, with Charter Keck Cramer acting as transaction adviser. 
Village Roadshow was founded by the late Roc Kirby who turned a small family-run cinema business on the Mornington Peninsula into an entertainment giant, taking it public in 1989.
His sons Robert and John are on the board of Village Roadshow.
Both Mornington Peninsula cinemas are being offered for sale with 10-year lease terms to local cinema chain Peninsula Cinemas, which also has ties to the Kirby family.
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Kirby family to sell Sorrento cinema after seven decades, but retain leaseback

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Development firm Match won two awards at the 2017 Western Australian Heritage Awards for work rebuilding Fremantle’s iconic Dalgety Wool Stores into residential industrial warehouse apartments.
The heritage restoration project, worth $130 million, won the  ‘Conservation or Adaptive Reuse of a State Registered Place’, and the prestigious Gerry Gauntlett Award.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.10%20AM.png" alt=""> 
The development, named Heirloom, kept over 85 percent of heritage fabric across 183 apartments and included the rebuild of the saw tooth roof.
The site had been unused for 20 years.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.06%20AM.png" alt="">
Managing Director of parent company M/Group, Mr Lloyd Clark, said to be honoured so significantly at the Western Australian Heritage Awards is a credit to the tireless work of the entire project team, who left no stone unturned to make this building as special as it now is. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.01%20AM.png" alt="">
“Match is in the business of developing signature properties," he said.
"It is our firm belief that people want more from their homes, and today new apartment owners are creating their own space amidst 100 year old Jarrah beams and original heritage features. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.25%20AM.png" alt="">
“Drawing on our experience with heritage renewals, we knew from the outset that this project would present challenges, however we also saw it as an extremely important opportunity.
“Heirloom is unquestionably Match’s most significant development project in the company’s 16 year history.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.37%20AM.png" alt="">
"Its location close to Fremantle’s café strip and between the river and the beach is ideal, and it has helped to activate the City of Fremantle’s plans to extend Fremantle’s activity centre into its eastern corridor gateway."
Mayor Brad Pettitt said the Fremantle Council said t’s hard to imagine a better result than what we now see at Heirloom. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.45%20AM.png" alt="">
"After being tired and run down for decades, the east end of Fremantle has become a very attractive place to live and work," he said.
"The Heirloom development has been a major driver in this ongoing transformation."
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.55%20AM.png" alt="">
The project was developed in collaboration with capital joint venture partner, Sirona Capital. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2011.02.36%20AM.png" alt="">
Heirloom features apartments from $450,000 and two-bedroom apartments from $650,000, with a limited number of harbour facing Lofts available from $950,000. 
The Heirloom display apartments are open by appointment. For more information visit <a href="https://www.heirloombymatch.com.au/" target="_blank">www.heirloombymatch.com.au</a>.
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Heritage awards for massive restoration of Fremantle's iconic Dalgety Wool Stores

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The Pontiac Land Group from Singapore has been awarded the rights to develop the two heritage sandstone buildings in Sydney's Bridge Street.
It will become a $300 million, 240-room luxury hotel after the leasehold sale by the NSW Government.
The developer secured the long-term lease of the former Lands Building at 23-33 Bridge Street and the 1915 Education Building at 35-39 Bridge Street.
The property portfolio of the billionaire Kwee family already includes luxury hotels, the Ritz-Carlton Millenia and the Regent Four Seasons hotel in Singapore.
It will pay $35 million for the 103-year lease of the 19th century landmarks. 
"This flagship hotel is all about making smarter use of our property assets. Proceeds from the lease will be reinvested in infrastructure, and there will be substantial savings to NSW taxpayers on avoided maintenance," NSW Minister for Finance, Services and Property, Dominic Perrottet said.
"Importantly, these iconic heritage assets will be enjoyed by locals, tourists and visitors, rather than just being used as offices for bureaucrats." 
A concept plan approved by the NSW Planning Department allows for up to three additional storeys on the Department of Education building which lies between Loftus and Young streets. 
Construction is expected to commence after the buildings are vacated in 2018.
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