A new collection of residences is now available at <a href="https://www.apartments.com.au/new-apartments/sol-by-walker-maroochydore-first-avenue-maroochydore-qld-4558">SOL by Walker</a>, the residential development that continues to take shape within the Maroochydore City Centre.

The second release introduces 137 apartments to the market, adding to the growing community in what is set to become one of South East Queensland’s most significant urban renewal precincts. The new offering includes a mix of one, two and three-bedroom apartments, alongside a limited number of terraces and penthouses designed to suit a range of lifestyle needs.

“SOL represents the beginning of <a href="https://www.apartments.com.au/developments/maroochydore-qld-4558">Maroochydore</a>’s exciting next chapter, redefining expectations around life in this beautiful coastal city,” David Gallant, Chief Executive Officer and Managing Director of <a href="https://www.apartments.com.au/developers/walker-corporation">Walker Corporation</a>, said.

[smartcode_project:default project_id=147777 project_image_fid=319853]

Located on South Sea Islander Way, SOL forms part of the broader vision to deliver a connected and vibrant city heart for the Sunshine Coast. Construction is already underway on the first 19-storey tower, with completion targeted for early 2028. The development is being delivered by Walker in collaboration with Sunshine Coast Council and SunCentral.

SOL’s second stage continues the project’s focus on high-quality apartment living, with access to a suite of resident-only amenities including a rooftop sky terrace, wellness retreat, co-working lounge, gym and landscaped garden spaces.

Interiors by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> combine timeless design with natural materials, generous layouts and panoramic outlooks to the ocean, hinterland and river.&nbsp;

“SOL by Walker establishes a new standard in apartment quality, seamlessly integrating superior craftsmanship with unmatched design,” Danny Juric, Director at Plus Studio, said

[smartcode_project:default project_id=147777 project_image_fid=346899]

Apartments feature open-plan layouts with high ceilings and expansive glazing to enhance natural light and ventilation.&nbsp;

A warm, neutral palette ties together stone benchtops, brushed platinum accents, and sandstone-toned carpet, while large sliding doors connect living areas to generous outdoor spaces.&nbsp;

Kitchens are fitted with integrated Miele appliances, refined cabinetry and thoughtful storage, while bathrooms offer double vanities and oversized showers to balance function and comfort.

As part of the Sunshine Coast’s new CBD, residents will be within walking distance of local retail, dining and green space, with transport connections set to expand as the precinct grows. Once complete, Maroochydore City Centre is expected to deliver thousands of new homes as part of the region’s long-term housing strategy.

[smartcode_project_cta:default project_id=147777]

Joel Robinson

Second release at SOL by Walker expands residential offering in Maroochydore City Centre

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has marked the topping out of Prince &amp; Parade in Brunswick, celebrating the completion of the building’s highest point and a major step forward for one of the developer’s landmark Melbourne communities.

The milestone forms part of Mirvac’s strong construction momentum across Victoria, with <a href="https://www.apartments.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick-vic-3056">Prince &amp; Parade</a> and The Albertine both recently reaching structural completion. Together, the two projects will deliver 265 new apartments, contributing to much-needed housing supply in Melbourne’s inner suburbs.

[smartcode_project:default project_id=4802 project_image_fid=3627]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>, Prince &amp; Parade continues a long-standing partnership that has delivered The Melburnian (2002) and The Eastbourne (2019).

The new <a href="https://www.apartments.com.au/developments/brunswick-vic-3056">Brunswick</a> address comprises a mix of one to four-bedroom residences complemented by extensive amenity, including a residents’ lounge, shared dining room and kitchen, library, yoga room, gym, and rooftop terrace, with landscaping by Jack Merlo and a concierge service.

Construction is rapidly transforming the site, with significant milestones achieved across two buildings, supported by 73 slab pours and six fully constructed building cores. Completion is expected in 2026.

[smartcode_project:default project_id=4802 project_image_fid=269383]

Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade has been strongly received by buyers seeking quality design and trusted delivery.

“These communities have been well received, attracting strong interest from downsizers and professionals who value high-quality design, premium locations and the confidence of buying with Mirvac,” Anderson said.

Prince &amp; Parade has also achieved a record-breaking apartment sale in Brunswick, underscoring its design quality and market appeal.

“We’re incredibly proud to see Prince &amp; Parade set a new benchmark for Brunswick. This <a href="https://www.apartments.com.au/news/vic/exclusive-mirvac-breaks-brunswick-record-with-prince-parade-sale">record-breaking sale</a> is a testament to Mirvac’s design excellence, quality craftsmanship, and our strong reputation for delivering high-quality residential communities across the country,” Anderson said.

[smartcode_project_cta:default project_id=4802]

Prince & Parade tops out in Brunswick as Mirvac marks dual Melbourne milestones

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has celebrated the topping out of The Albertine, marking the completion of the 14-storey structure on the edge of Melbourne’s CBD and signalling strong progress across the developer’s Victorian pipeline.

The milestone forms part of Mirvac’s $7.4 billion Victorian development portfolio, which includes both residential and mixed-use projects such as Prince &amp; Parade in Brunswick, which also reached its highest point recently, and Trielle at Yarra’s Edge, scheduled to top out in early 2026

[smartcode_project:default project_id=138659 project_image_fid=294831]

<a href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004">The Albertine</a> offers one to four-bedroom residences complemented by exclusive resident-only amenity, including The Circadian Club, a wellness centre with an indoor pool and spa, gym, yoga and Pilates studio, and sauna, as well as The Elysian Room, a private dining space on level 10 with sweeping views across Melbourne.

Since construction began in August last year, up to 240 workers have been on site daily, pouring 7,000 cubic metres of concrete across 72 pours and installing more than 1,000 tonnes of steel reinforcement to bring the project to this landmark moment.

[smartcode_project:default project_id=138659 project_image_fid=4353]

Mirvac’s CEO, Development – Residential and Commercial Mixed Use, Stuart Penklis said the achievement highlights Mirvac’s design quality and sustained delivery across Melbourne.

“We are proud to be delivering The Albertine and Prince &amp; Parade, two projects that embody Mirvac’s design excellence, commitment to quality, and focus on creating homes that connect people to their communities," Penklis said.

"With cranes rising high across Melbourne, Mirvac’s residential pipeline is moving strongly, and these milestones are a testament to that momentum."

[smartcode_project:default project_id=138659 project_image_fid=294826]

Penklis added that Mirvac’s growing portfolio demonstrates its commitment to providing diverse housing options across Victoria.

“We have recently opened our third build-to-rent community in Melbourne, LIV Albert at Brunswick, our fifth nationally, which together with our master-planned communities ensures that we are providing a full spectrum of housing options to Victorians.

Completion of The Albertine is expected in 2026.

[smartcode_project_cta:default project_id=138659]

The Albertine reaches its highest point on Melbourne’s city fringe

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has announced the highly anticipated next release of ultra prestige residences at Harbourside in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>’s Darling Harbour, unlocking the upper levels of the 48-storey tower.&nbsp;

Proof of Harbourside’s appeal, particularly among local buyers, was evident in the first release of luxury apartments in November last year, when the first stage release achieved over $700 million of pre-sales in a single sell-out weekend, and more than $800 million total presales to date.&nbsp;

Concentrated on the upper floors, the new release of the three- and four-bedroom apartments will offer views west to the Anzac Bridge and Blue Mountains, north to the harbour, and most compelling of all, north-east views that take in the full spectacle of the Sydney CBD skyline.

Mirvac’s CEO of Development, Stuart Penklis said the sales success at <a href="https://www.apartments.com.au/new-apartments/harbourside-by-mirvac-2-10-darling-drive-sydney-nsw-2000">Harbourside</a> highlighted the overwhelming demand for a once-in-a-lifetime opportunity to own a home of exceptional quality and prestige on Sydney Harbour's foreshore.

[smartcode_project:default project_id=141327 project_image_fid=314729]

“What we have learned since launching Harbourside is that a water view is no longer enough to satisfy buyers at this top end of the luxury property market,” said Penklis.&nbsp;

“They value a harbour view but also want to see and feel immersed in the life of the city, to be part of its energy. It’s only from this vantage point on the western harbour looking east that you get those exceptional city views that are spectacular by day but magical by night. More than 95 per cent of buyers in the first release were locals; Sydneysiders who love their city and also have a nostalgic attachment to Darling Harbour. There’s history here and they want to own a piece of it.”

The next release comes as new data shows annual growth in the prestige segment is outpacing the broader market in Sydney, and price growth for top tier apartments in Australia over the past decade is at more than 40 per cent, yet prestige property listings are almost 20 per cent below pre-pandemic levels, Westpac’s Prestige Market Overview – August 2025 found. Harbourfront and inner-city penthouses with private lifts, pools with a view and wellness spaces are in high demand.

“The level of luxury and amenity we're delivering at Harbourside is unparalleled, reflecting our understanding of the expectations of prestige buyers,” Penklis added. “We are offering much more than a luxury apartment; Harbourside is a lifestyle, effortless and unrepeatable.”&nbsp;

[smartcode_project:default project_id=141327 project_image_fid=314728]

More than 40 per cent of Harbourside purchasers to date are repeat Mirvac customers, a clear reflection of the enduring trust in Mirvac’s brand, renowned for its superior quality, innovative design, and delivery by Mirvac’s own in-house construction team, the first to achieve a 5 Gold Star iCIRT rating three years in a row.

The strong local buyer profile further underscores the appeal of Harbourside’s premier location and its promise of an exceptional lifestyle on Sydney’s iconic waterfront, within the fully revitalised $15bn Darling Harbour precinct. “It’s easy to forget that when Darling Harbour was built nearly four decades ago, Sydney had never seen anything like it,” said Penklis.&nbsp;

“Back then the city was for work and the suburbs were for living and play, a notion that harks back to the industrial era. That era has long passed and the city is becoming a place where people can bring the different aspects of their life together. Harbourside is helping to make that reunification happen.”

An entire floor of Harbourside is dedicated to exclusive, resident only facilities, with a focus on wellbeing and club-like social spaces for relaxation and entertaining. The outdoors is where Harbourside truly outshines, with gardens that restore the natural landscape and walking trails leading to a lagoon pool with close-up views of the harbour and city.&nbsp;

[smartcode_project:default project_id=141327 project_image_fid=314723]

Due for completion from 2027 with construction well progressed, Mirvac’s wider $2 nillion Harbourside precinct revitalisation will deliver more than 10,000 sqm of public open space, including a new waterfront promenade and new 3,500 sqm waterfront garden; pedestrian connections to Pyrmont and the waterfront; and $7 million in public art and activation.&nbsp;

The precinct is targeting diverse retail offerings, including an international food market, restaurants, national and international retailers, integrating with the public spaces. “Harbourside is the pinnacle of Darling Harbour’s $15bn renewal,” said Penklis.&nbsp;

“Residents will move into a completely transformed Darling Harbour precinct that sets a new standard for how we experience life on Sydney Harbour. What was once a place for locals and tourists to visit on a day out will be a place where people also work and live.”

Designed by architects Snohetta and Hassell, with interiors by Bates Smart, Harbourside Residences comprises 260 apartments, including three penthouses and six sub penthouses.&nbsp;

[smartcode_project:default project_id=141327 project_image_fid=314732]

Residents will have access to a lagoon pool with cabanas, landscaped gardens and a suite of wellness facilities including a gymnasium, yoga/pilates studio, indoor lap pool, spa, steam room, ice bath, and sauna. Club-like social spaces include a residents’ lounge, dining room with show kitchen and catering kitchen, cinema, and golf simulator rooms. Residents will enjoy the services of a 24-hour concierge, and a porte cochere entry from Darling Drive.

Harbourside Residences will be fully electric with rooftop solar panels, targeting a 5 star Green Star Buildings rating and 7 star NaTHERs. The Harbourside precinct is targeting net positive carbon during operations for the commercial and retail components and the project is targeting diversion of 96% of waste from landfill during construction.&nbsp;

More than 6,000 square metres of green roofs and 100,000 plants will contribute to restoring biodiversity in a location currently devoid of green landscaped spaces.&nbsp;

Harbourside is being delivered under a joint venture agreement between Mirvac and Mitsubishi Estate Co. Ltd (MEC), with Mirvac delivering the project.

[smartcode_project_cta:default project_id=141327]

Mirvac unveils sky-high, ultra-luxury apartments at Harbourside

Landmark Group is the latest developer to take its Edgecliff development to the NSW Government, following the refusal by the local Woollahra Council last year.

Landmark is seeking to develop two towers up to 18 storeys at <a href="https://www.apartments.com.au/new-apartments/8-10-new-mclean-street-edgecliff-nsw-2027">8-10 New McLean Street</a>, adjacent to Edgecliff station. The State Significant Development Application&nbsp;comes after the NSW Government announced plans to <a href="https://www.apartments.com.au/news/nsw/next-stop-woollahra-train-station-delivering-up-to-10-000-new-homes-in-the-heart-of-sydney">revive the Woollahra train station</a> and allow an increase in density for sites within 800m of the station.

The Edgecliff site spans over 7,200 sqm and directly adjoins Edgecliff Railway Station and bus interchange. The revised proposal would deliver two residential buildings containing around 246 apartments, including a mandated affordable housing component.

The plans previously rejected by Council were for a 25-storey tower with 256 apartments and 2,000 sqm of commercial space.&nbsp;

Council unanimously rejected the proposal because it "didn't fit in with our existing plans for Edgecliff."

"It would have reduced the amount of affordable housing, created traffic concerns, and it may have impacted wildlife in the nearby Trumper Park," Council said on the decision.

<img alt="8–10 New McLean Street in Edgecliff" data-entity-type="file" data-entity-uuid="18bb3ef0-3a33-49a4-ba3c-69082d182553" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/8-10%20New%20Mclean%20St%2C%20Edgecliff.png?VersionId=XhDqeXRnXeAMoSncCpdUlO2moZuZ_SmO" />

There are compelling Urban Design and Town Planning Reports specifically site several reasons as to why an increase&nbsp;to the maximum building height and floor space ratio should be waved through, specifically that the "increase in density presents the opportunity to deliver a high quality urban and architectural design, responding to the accessible location and strategic characteristics of the site."

“The proposed amendments to the planning controls include significant public benefits, such as increased residential density adjacent to Woollahra LGA’s only railway station, the provision of affordable housing, and the revitalisation of New McLean Street,” architecture firm fjcstudio noted in their report.

The planning documents also highlight the towers across&nbsp;the ridgeline of Darling Point and Edgecliff, dating back to the 1960s to 1970s, which are up to 30 storeys.

fjcstudio said the proposal presents a "carefully considered residential development that prioritises accessibility, connectivity, and integration with the natural environment."

"The development also demonstrates a commitment to sustainability and inclusivity, creating a vibrant residential community that enhances the quality of life for residents and contributes positively to the broader area."

A mix of 84 one-bedroom apartments have been pitched, as well as 112 two-beds and 50 three-bedroom units, with 281 parking spaces.

Edgecliff rarely sees new apartment development, but ASX-listed developer Lendlease will soon launch One Darling Point, its luxury development on Darling Point Road, the other side of Edgecliff station from Landmark's towers.

First look: Landmark Group tries again with Edgecliff tower plans

Industrial Lease

<html><body>
Australian instant boiling water system manufacturer, Zip Industries, has committed to 1,661sqm at Hallam, signing a lease for part of 59-65 Wedgewood Road.
Savills Australia’s David Kalb and Kosta Filinis, in conjunction with Crabtrees Real Estate, negotiated the five-year deal at $82 per sqm on behalf of a private landlord. 
Zip took over from Polyflor Australia last month.
Kalb said Savills initially sold the property for $3.68 million to an owner-occupier, who had residual space to lease out after moving in.
“The refit encompassed significant office space and a high-quality showroom, which suited the tenant perfectly,” he said.
<div class="cq-article-content-paras section">
Zip's industrialist founder Michael Crouch passed away this month at the age of 84 after a battle with cancer.
Crouch had sold his majority share of Zip.
Raised in Sydney, Crouch aged 28, acquired a small hot-water company in Sydney called Zip Heaters which had 12 employees.
</div>
<div class="cq-article-content-paras section">
He applied innovation with his range of appliances with Zip's heaters easily fitted directly above the kitchen sink or bath
When he learnt a large block of units in Sydney was installing instant hot-water heaters, he conceived of the idea of instant boiling water, according to an obituary in the Australian Financial Review.
He first developed a cumbersome unit that sold only a few hundred, so he refined it and made a neater appliance he called the "Miniboil" - a white box on the wall with the red tap in office tea rooms.
Not only was the product more convenient because staff weren't waiting around for the jug to boil, Crouch's design delivered boiling water more efficiently. The first big contract was with the Commonwealth Bank.
</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Zip Industries secures new premises through Savills

<html><body>
Air-conditioning giant Daikin has secured two new industrial trade centres, in Brisbane and the Gold Coast, just before the onset of the summer season.
Daikin had tasked Savills to assist with finding suitable facilities.
The deals were negotiated by Savills’ Shaw Harrison and Callum Stenson.
Both of the new Daikin stores open this month, with the Brisbane store located at 1/210 Robinson Road in Geebung totalling 710 sqm, and the Gold Coast store located at 26 Lawrence Drive in Nerang totalling 809 sqm. 
It will pay a combined rental of $263,750 per annum.
Daikin has committed to a three-year lease on both properties.
“While Daikin were particularly specific with their requirements we identified well over 20 suitable locations after conducting an extensive market search,” Harrison said.
The Geebung property was vacant prior to Daikin signing the lease, and the property owner assisted with renovating the building to suit Daikin’s showroom fit-out requirements. 
“The main road frontage along Robinson Road was exactly what they were seeking for their Brisbane display centre, with other trade-based industry users also located along this busy strip,” Harrison said.
The newly constructed Nerang facility in the Gold Coast was being marketed by GC Commercial after the previous tenant was involved in a major fire which required the building to be completely rebuilt. 
 
</body></html>

jonathanchancellor-7SQnKwU6yx

Daikin sets up new offices in Brisbane and Gold Coast ahead of summer

<html><body>
Current pre-lease rentals on offer to lease new warehouses in Melbourne and Brisbane offer a good opportunity for tenants to upgrade, according to forecaster BIS Oxford Economics.
Leasing incentives in both markets have pushed effective rents to around their lowest levels in 10 years, with little change in stated rents over the 10-year period. Since 2007, average prime net effective rents in Melbourne’s South-East and Brisbane’s TradeCoast have fallen by 15 to 18%. 
Compounding the situation, stated rentals for a new lease are substantially below the rent being paid by tenants coming to the end of a long term lease, said BIS Oxford Economics.
For a tenant who signed a lease over a prime property in Melbourne’s South-East in 2007, with annual escalations of 3%, would be paying 25% above the current market rent for existing space. 
In Brisbane’s TradeCoast, the situation is even worse, with the tenant ending their lease paying an estimated 35% above market rents. It makes sense that companies would find the option to upgrade to newer, more efficient facilities at a much lower rent very appealing. 
The findings were carried in the BIS Oxford Economics’ latest reports on the sector, Melbourne and Brisbane Industrial Property, Market Forecasts and Strategies, 2017 to 2027.
<img src="https://www.urban.com.au/images/2017/09/11/ChartBIS.png" alt="">
However, the forecaster says the pre-lease deals on offer will not last indefinitely.
Over the last five years, major developers in Brisbane and Melbourne were able to use firming yields and rising capital values, underpinned by the strength of the investment market, to fund leasing incentives, whilst keeping a lid on pre-lease rents. The competition in the pre-lease market kept market rents subdued. 
But developers’ calculations will change when yields stop firming and start to soften, as forecast over the next five years. Without firming yields, developers will no longer be able to fund such generous leasing incentives and will need higher rents to underwrite project feasibility. Rising pre-lease rents will then filter through to the existing market. 
According to report authors, Lee Walker and Christian Schilling, the key trigger for the change in developer behaviour will come from rising Australian 10-year bond rates, which have a positive correlation to industrial yields. 
Even so, the forecast rise in bond rates will take time to change developer behaviour and the pre-lease deals they offer. 
Whilst BIS Oxford Economics consider it will be business as usual for the next 12 to 18 months, the generous leasing deals will gradually start to evaporate. With leases typically involving a long term commitment, tenants looking to upgrade would be advised to take advantage of the generous leasing incentives and rents whilst they are still around. 
</body></html>

Industrial tenants should capitalise on pre-lease offers in Melbourne, Brisbane: BIS Oxford Economics

<html><body>
A sizeable industrial office/warehouse located within Tullamarine’s logistic hub has just been leased.
The property, <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-tullamarine-502366274" target="_blank">Unit 3 at 71-93 Western Avenue</a>, has an area of 2,260 sqm and is close to the Tullamarine Freeway offering easy access to the Melbourne Airport, multiple freeway linkages and the CBD. 
The lease to a freight forwarding and logistic company was for $185,320 per annum net on a three year term plus one.
The leasing agent was Anthony Carbone of CVA.
The building has an eight metre high clearance warehouse and first floor open plan and partitioned air-conditioned offices.
</body></html>

Tullamarine warehouse leased for over $185,000 p.a.

<html><body>
Three new tenants have moved into Frasers Property Australia’s Key Industrial Park in Melbourne’s Keysborough. 
The tenants are driveline products manufacturer Dana Australia, Licensing Essentials and hardware supplier Pinnacle Diversity.
Key Industrial Park is nearly 100 hectares of Industrial 1 zoned land with major frontages to Greens Road, Perry Road. It is Melbourne's South East benchmark in industrial development and provides access to EastLink and all other major road networks and proximity to the main port, airport and CBD.
Leading driveline products manufacturer, Dana Australia, has signed a seven-year lease for a 10,000 sqm facility comprising 8,972 sqm warehouse and 1,028 sqm office plus 100 car spaces. 
Licensing Essentials has also entered into a seven-year lease for 8,120 sqm space comprising 7,720 sqm warehouse and 400 sqm office.
Pinnacle Diversity committed to a five-year lease. The company will supply and distribute home hardware products from its 7,242 sqm premises comprising 6,842 sqm warehouse, 400 sqm office.
“We are very pleased with the level of activity at The Key Industrial Park with all three companies committed to leases prior to practical completion,” said Anthony Maugeri, general manager Southern Region C&amp;I for Frasers Property. “The lack of land and quality warehouse facilities in Melbourne’s South-East has helped us secure the most recent deals,” 
Dana was a pre-commitment with Frasers Property speculatively building two tenancies adjoining this building. These buildings were both leased prior to completion. Dana and Licensing Essentials recently moved in and Pinnacle Diversity is expected to move in soon.
The three new tenancies are located on Hudson Court. 
The deals were negotiated by Ben Fahey and Andrew Hanna from Frasers Property, Kosta Finn from Savills, Danny Green from Cushman Wakefield and Matt Ellis from JLL.  
The Key Industrial Park has been developed to accommodate purpose built facilities for Adairs, Symbion, AstralPool, BIC Oceania, TriMas, Early Settler, Rinnai, Sealy, Miele &amp; DANA.
 
</body></html>

Three new tenants move into Key Industrial Park in Melbourne's Keysborough  

<html><body>
Swedish hi-tech engineering firm Sandvik has agreed terms on a new five-year lease for an industrial facility at Mulgrave in Melbourne’s south-eastern suburbs.
Located in Gilda Court, the 520 square metre building includes 400 square metre of office space and 120 square metres of warehousing.
The deal was brokered by Savills' Daniel Kelly and Lynton Williams.
Sandvik, which will relocate from Dandenong, will pay circa $100,000 per annum net.  
Sandvik employs around 46,000 people worldwide and makes equipment for metal cutting, mining and construction.
The lessor was a Melbourne-based investor. 
 
</body></html>

Swedish engineering firm switches to Melbourne's Mulgrave

<html><body>
Indie game developer Halfbrick Studios will open its doors at the former Sunny Queen Eggs home in Brisbane's Red Hill.
Halfbrick Studios – creator of the best-selling Fruit Ninja video game – has signed a five-year lease for an annual rental of $450,000 gross per annum.
Previously occupied by Sunny Queen Eggs, the 2,200 square metre building at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-qld-kelvin+grove-501230671" target="_blank">25 Musgrave Road</a> has been completely retrofit, with a $5.5 million fitout and refurbishment undertaken by engineering contractor John Holland.
The deal was brokered by CBRE’s Mel Pikos and Michael Skarparis.
“Following the immense success of Fruit Ninja, which has been downloaded more than one billion times, Halfbrick Studios has experienced exponential growth, and, as a result, required additional facilities that would enable further expansion,” Pikos said.
Fruit Ninja is the second highest-selling game of all time on the iOS platform, says the gaming company's website.
“Some of the key building features that appealed to Halfbrick include the exposed ceiling grid spray painted black, large internal stair with void, multiple break-out and chill-out zones, large rooftop area overlooking the Brisbane CBD, and even an original chick-hatchery room that has been converted to a meeting room,” he said.
Skarparis said the deal was evidence of Brisbane’s increasing appeal as an IT and gaming destination.
“In 2015, Brisbane has emerged a hub for computer game and app developers, with deals negotiated to Halfbrick Studios for 2,200 square metres, Gameloft for 650 square metres, and Red Eye Apps for 355 square metres,” he said.
</body></html>

Industrial Lease

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Industrial Lease

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.