Construction has commenced&nbsp;<a href="https://www.apartments.com.au/new-apartments/kew-palm-house-bellevue-hill-88-birriga-road-bellevue-hill-nsw-2023">Kew Palm House</a>, marking a significant milestone for the boutique Bellevue Hill apartment project on one of the suburb's best streets.

Developer <a href="https://www.apartments.com.au/developers/kew">KEW</a> recently hosted the traditional ground-breaking ceremony, joined by key project partners, officially turning the soil on what will become one of Bellevue Hill's most impressive new developments in one of&nbsp;Sydney’s most tightly held residential markets.

[smartcode_project:default project_id=133966 project_image_fid=352214]

Set across two low-rise buildings on the dress circle Birriga Road, Kew Palm House will deliver a mix of 16 two-, three-, and four-bedroom residences, including whole-floor homes and penthouses, responding to sustained demand from downsizers and owner-occupiers seeking high-quality apartment living without leaving the suburb.

The project occupies an amalgamated 3,000 sqm site bordering the Royal Sydney Golf Club, a rarity for new apartment development in <a href="https://www.apartments.com.au/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>.

Architecture by Woods Bagot takes a townhome-inspired approach, with finely detailed façades and layered massing designed to sit comfortably within the established streetscape.

[smartcode_project:default project_id=133966 project_image_fid=352216]

The buildings are surrounded by landscaped gardens by <a href="https://www.apartments.com.au/landscape-architect/dangar-barin-smith">Dangar Barin Smith</a>, with communal pathways leading to a pool house and shared alfresco spaces intended to support a quieter, more residential form of apartment living.

Interiors will feature natural materials including travertine, stone and engineered timber, alongside V-ZUG kitchen appliances, with layouts prioritising generous proportions, privacy and indoor-outdoor connection.

Each residence has been designed to maximise natural light while maintaining separation from neighbouring homes.

[smartcode_project:default project_id=133966 project_image_fid=352222]

Kew Palm House forms part of KEW’s growing Eastern Suburbs portfolio under the Positive Investment Enterprise group. It follows the completion of Kew Bondi on Bondi Road, with Kew Hillcrest in Rose Bay also currently under construction. Palm House reflects the developer’s longer-term commitment to Bellevue Hill, where opportunities for new, design-led apartment projects remain limited.

Kew Palm House is targeting completion in late 2027, with construction to be delivered by Harvestland Construction. KEW also has Kew Hillcrest in Rose Bay under construction, just five luxury apartments near the beach.

[smartcode_project_cta:default project_id=133966]

Staff Writer

Construction commences at Kew Palm House in Bellevue Hill

Brisbane-based <a href="https://www.apartments.com.au/developers/spyre-group">Spyre Group</a> is continuing to bolster its impress SEQ development pipeline with one of its most ambitious projects to date.

The developer, led by Daniel Laruccia and Andrew Malouf, is planning just over 300 apartments across three towers on the prized beachfront side of Main Beach Parade in Main Beach.

The prized 3,344 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/3640-main-beach-parade-main-beach-qld-4217">3640-3642 Main Beach Parade</a> also fronts Stafford and Montgomery Avenue and will offer street-level hospitality.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="18bfcdb3-b958-4b20-a85b-c61e3dbf81b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Spyre%20DA%20pers.png?VersionId=QvGNOHg6KDoScJZw2nAkvbun0DT2gUn1" />

The project has been designed by New Zealand-based architecture firm Monk Mackenzie, whose scheme references the fluidity of coastal forces. The smallest tower will be 37 storeys, with the other two topping out at 41 storeys. The sculptural form intends to "resonate with the site's unique peninsular position between the Coral Sea and the Broadwater."

The southernmost tower will have just 59 four-bedroom apartments, above two food and drinks venues. Towers two and three, the tallest, will have 125 two- and three-bedroom apartments in each.

“The towers stand not in opposition to the dynamic coastal landscape, but in dialogue with it,” the architects wrote in their Design Report.

“Like tide posts embedded in sand, they register change. The movements of water, light, air, and human circulation gather and disperse around them”.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="cb2f3eb7-c517-47e5-afc8-01685c658a82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20podium.png?VersionId=hYe0w7UBEVNY7LPcoK9PnO9myEGn_xES" />

The podiums of each tower will feature landscaped communal open spaces, pools, and active wellness zones with spas, saunas and gyms with outdoor areas, as well a cinema and dining spaces.

Spyre's application describes the site as “uniquely positioned” to accommodate such scale, noting its separation from other towers, underutilised status, and alignment with the Gold Coast’s Light Rail Urban Renewal overlay. The staging strategy allows the towers to be delivered independently. Before it's amalgamation to make it a larger site, Spyre had approved plans for MARI, a 19-storey building with 15 apartments

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="ef40ca57-1c77-4568-a8aa-91c742334bef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20amenities.png?VersionId=BcaHvU4UeLkabtNlqydmvkuTEyuYmpft" />

Spyre’s wide-ranging portfolio includes Watts &amp; Wright in Bulimba, Moray House in New Farm, and ARC Residences in Toowong, all of which are approaching completion. It also includes Hampden Ltd in Melbourne’s Bayside, marking the company’s first project in Victoria’s capital.

Spyre has previously achieved significant success on the Gold Coast, setting region-breaking records at Glass House by Spyre in Burleigh Heads, where apartments sold for $24 million and $24.54 million. Cala Dei in Coolangatta also sold out in record time.

Spyre will soon launch Echo by Spyre, a boutique development of just nine villas in Tugun.

Joel Robinson

Spyre's three-tower beachfront plans for Main Beach

IPM Property is progressing plans for its third development in Mona Vale in Sydney's Northern Beaches, and its latest will be the biggest yet.

IPM, led by Steven Sroba and Chris Webster, has filed a State Significant Development Application to the NSW Government's Housing Delivery Authority for 82 apartments on a prime 6,122 sqm site stretching across <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and just under 800m from Mona Vale town centre.

They've had <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> draw up the plans for the three-building development which will offer a mix of 26 two-bedroom units and 56 three-beds with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>.

According to the Design Report by PBD, the built form "responds to the site’s natural fall, solar orientation, and established vegetation, creating a layered architectural expression that balances scale, materiality, and landscape”.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="44040ed2-13c6-4f18-8326-a51467cb8532" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mona%20vale%20pers.png?VersionId=4H1gEiyyCX2yT_fYV6kAdWaaVlCttC6P" />

The proposal aims to maximise passive design outcomes, with the site’s northern orientation supporting solar access and cross-ventilation. Building footprints have been shaped to preserve high-retention trees and accommodate an overland flow path, which runs diagonally through the rear of the site.

The development includes several sustainability initiatives, such as full electrification, EV charging provisions, and generous communal open spaces integrated across the ground and rooftop levels. As outlined in the planning documents, the buildings have been stepped in both plan and elevation to reduce bulk and provide separation to adjacent dwellings, in line with the Apartment Design Guide and local controls.

The project site falls just within the 800-metre radius covered by the NSW Government’s Low and Mid-Rise Housing Reforms, which entered their second stage in February 2025. These reforms introduce specific planning controls that significantly increase the potential for medium-density housing growth within 800 metres of the Mona Vale town centre.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="5df61e6d-0696-4c1e-81c2-8d3535228878" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_9.png?VersionId=vWjI2oCZhAkCPKv4xMEVLdVNkn.keD6_" />

IPM has been active in the local market for several years. Its recent projects include Maya on Bungan Street near the town centre, a 33-apartment development completed in late 2024, and Iluka on beachfront Golf Avenue, a boutique project of just 14 apartments. Iluka set a local record in 2021 when a full-floor, three-bedroom apartment sold off the plan for $4.775 million.

Nearby in Palm Beach, IPM is also delivering Snappermans, a collection of just five luxury apartments designed by Koichi Takada Architects, located steps from Pittwater. The developer has also recently completed Como Coogee, a 20-apartment development on Carrington Road.

First look: IPM plans third Mona Vale project

With demand for high-quality family homes in the inner west continuing to rise, young families are increasingly turning to new forms of multi-generational living.

At <a href="https://www.apartments.com.au/buildings/ashbury-terraces-ashbury-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a>, Nikki Pham and Danny Lai are among the growing number of residents choosing the precinct for its space, design integrity and strong sense of community.

For Nikki and Danny, purchasing a three-storey terrace was about securing a long-term home for their young family. Having spent most of their lives in the inner west, they first discovered the project while it was under construction.

“We walked past and had a look during the build and instantly felt the vibe. It had everything we were looking for,” said Nikki.

A return to green, open spaces was a major drawcard after living closer to the CBD.

“We like going for walks, and here it feels like a mini oasis while still being central to everything we need,” she said.&nbsp;

[smartcode_project:default project_id=112253 project_image_fid=354944]

Inside, the couple were immediately drawn to the craftsmanship.&nbsp;

“I love the Calacatta marble and timber detailing. If I’d designed it myself, these are exactly the fittings and fixtures I would have picked,” Nikki said. “There’s actually very little I’d change.

“We’ve found the craftsmanship has been great and I believe the beautiful arches and curves, including on our stunning staircase, are all made by hand.”

Since moving in with their seven-month-old baby in mid-August, the family has been making the most of the amenities, especially the pool.&nbsp;

“We love using the shallow area with the baby. It’s great for kids, and the sunbeds are perfect when it’s not too hot,” Danny said.

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The home features kitchen, living and dining areas on the ground floor with courtyard access to the pool, two bedrooms and a study on the middle level, and a master suite on the top floor. The proximity to local parks, childcare, and schools also made it an easy choice.

Nikki has noticed the project is sparking interest from the extended families of new residents.&nbsp;

“Several of our neighbour’s parents have now bought here too. It’s ideal for multi-generational living because everyone has their own space but you’re still close by.”

<h2>A growing trend in the inner west</h2>

Aras Labutis, Head of Urban Transformations at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said families like Nikki and Danny’s reflect a broader shift.

“Ashbury Terraces was designed for families at different life stages who want to stay connected to the inner west, including multi-generational households," Labutis said.

"Some terraces even include lifts, which make them ideal for older residents who want to remain independent while living close to children or grandchildren."

[smartcode_project:default project_id=112253 project_image_fid=354936]

Recent ABS data shows around one in five Australian households is now multigenerational, following a 22 per cent rise in the five years to 2021.

“The demand we’re seeing aligns with broader national data showing ongoing growth in multi-generational living as families look for practical, long-term solutions in well-connected suburbs.”

<h2>Milton Estate launches as the precinct’s next chapter</h2>

Following this strong response, Coronation is now registering expressions of interest for Milton Estate, the next evolution of the precinct. Strong sales and sustained interest in family-focused inner west homes have underpinned the decision to bring this next stage to market sooner than anticipated.&nbsp;

[smartcode_project:default project_id=112253 project_image_fid=358839]

The new collection continues the same design principles, quality materials, heritage sensitivity and family-focused layouts, and its launch reflects demand from both local buyers and extended families who want to remain part of the growing community at Ashbury Terraces.

<h2>A new neighbourhood taking shape</h2>

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, and brought to life with landscaping by <a href="https://www.apartments.com.au/landscape-architect/360-degrees-landscape">360 Degrees</a>, Ashbury Terraces comprises 136 residences across five low-rise buildings, supported by amenities including a pool, gym and landscaped communal spaces.

For Nikki and Danny, it already feels like a place to grow for years to come.

“We’ve found great childcare nearby, and Ashbury Primary and Trinity Grammar are within easy reach. There are other excellent public and private school options too,” Nikki said.

“It’s hard to find something like this in the Inner West,” she added. “It’s certainly unique in <a href="https://www.apartments.com.au/developments/ashbury-nsw-2193">Ashbury</a>. We’ve got everything we need here and it already feels like home.”

[smartcode_project_cta:default project_id=112253]

Ashbury Terraces proves a perfect fit for growing families and multi-generational living

An exclusive collection of luxury Sky Homes featuring sweeping water views, each with their own private rooftop terrace and marina berth, are part of the latest release at Lewis Land’s visionary <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplanned community.&nbsp;

The Sky Homes, which sit within the Signature Collection, have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;and&nbsp;feature contemporary light-filled coastal interiors, accented by natural textures of timber and stone. The homes range from 282 sqm to 367sqm and offer three bedrooms, three bathrooms, multiple living zones, three car parks, large private balconies, and their own rooftop terraces. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359204]

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the three double-storey Sky Homes occupying the &nbsp;upper levels of The Waterline apartment building formed part of the masterplan’s Signature Collection of &nbsp;luxury residences. &nbsp;

“The exclusive Sky Homes are more than penthouses, they are double-storey homes featuring expansive living spaces and outdoor terraces,” Mr Long said.&nbsp;

“Located on levels five and six of The Waterline, each Sky Home includes its own private marina berth with direct Broadwater access and carefully curated high-end finishes throughout.”&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359206]

The launch of The Signature Collection coincides with the milestone topping out of The Waterline, the first of three residential collections being delivered in the first stage of Harbour Shores.&nbsp;

Residents will also have access to a private pool and other resident-only amenities including a large &nbsp;lagoon pool, social clubhouse, tennis court, gym, yoga and sauna facilities. &nbsp;

Prices for the Sky Homes start from $3.65 million. &nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

The Signature Collection also features The Residences, an exclusive release of six premium waterfront villas, positioned directly on the 1.2km waterfront boardwalk.&nbsp;

The Residences offer more than 350 sqm of contemporary living with premium finishes throughout and &nbsp;dining spaces that flow seamlessly to the outdoor entertaining area on the ground floor. Each have their own private plunge pool overlooking the water, and a private marina berth.

All villas include two secure car parks and residents have access to the extensive amenities within the broader precinct. Prices start from $3.05 million. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290030]

Harbour Shores is a resort-style community focused on lifestyle and wellness where neighbourhoods &nbsp;are connected by extensive landscaping, green spaces and pedestrian networks, including a 1.2- kilometre waterfront boardwalk.&nbsp;

Boasting a 6 Star Green Star Communities V1.1 rating, the highest level of sustainability of any project &nbsp;on the Gold Coast, Harbour Shores will deliver more than 2,000 homes over the next decade.&nbsp;

Colliers is marketing Harbour Shores, and has seen significant demand from local owner-occupiers.

[smartcode_project_cta:default project_id=113271]

Lewis Land unveils Harbour Shores’ double-storey sky homes with private marina berths

Industrial Listing

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Springvale Business Park represents a new level of industrial warehouses for business and personal use for Melbourne, delivered by Ledlin Developments. 
Springvale Business Park has been popular amongst owner-occupiers as stage one (pictured above) sold out prior to settlement and stage two (pictured below) completely sold out well ahead of schedule. 
“<a href="https://ecomms.raywhite.com/collect/click.aspx?u=L2tPTGRCWlhwQlJ2WTF5cGVJMHB2S0VCSkZSdk9ldHZwYkM2aUxNUVZ4ZEs1TVlQd3JKVlhibzJaSTNNczhFTTQvZTZ6SEoxRGxqR1RyZ2M2dEhORDlwRm91Q1ZGYWNrQnNpYnQ2LzViSVk2YnF3UHNtcjFPb0pQSFRYSnpuRzVoMkdDSGwrTmNJUE5wR25KeUhiM2tlVFV4Qjg4TThzUkpvVUo3SkNLOWVrcERFb04xdWVqY09xa0VvVUp4VUpS&amp;rh=ff0063484712d8216bcbb805214d9a353f47436b" target="_blank">Stage two</a> has completely sold out prior to construction commencing – that gives you an idea of how popular they have been,” said Ray White agent Theo Karkanis.   “<a href="https://ecomms.raywhite.com/collect/click.aspx?u=L2tPTGRCWlhwQlJ2WTF5cGVJMHB2S0VCSkZSdk9ldHZwYkM2aUxNUVZ4ZEs1TVlQd3JKVlhibzJaSTNNczhFTTQvZTZ6SEoxRGxqR1RyZ2M2dEhORDlwRm91Q1ZGYWNrQnNpYnQ2LzViSVpWTDFKUFdCTmZsNk9RaGpKWmk4Ui96RTduRWxhUEx2RWlFWHRON0RBSEVRUXBIcnFpbEhPNkpCTmlNTFpYUVo4dVAybkNsSWxKQ0lJM1lweGp4S1lR&amp;rh=ff0063484712d8216bcbb805214d9a353f47436b" target="_blank">Stage one</a> offered investors and owner-occupiers the chance to surround themselves with complementing businesses like IKEA, Bunnings, the Springvale Homemaker Centre and M-City."   Stage two is known as Spring Boulevard.
“In a market starved of opportunities for small business premises, stage two units range from 88sqm to 198sqm.   “What's particularly interesting is the fact that 85 percent of all units purchased so far have been snapped up by owner-occupiers.    “We have some stage one options currently for lease, and have sold through stage two well ahead of schedule, so we’re very excited to see the development come to life in the coming days as settlements take place for stage one and businesses start to move in. “Stage three is also in the process of being drawn up," he said.
<img src="https://www.urban.com.au/images/2020/6/19/3_Springvale_3.JPG" alt="">
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Springvale Business Park stage two sold out prior to construction commencing

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The final site at the Gore Hill estate on Sydney’s Lower North Shore has been announced to the market.
It is being offered by Knight Frank’s Matthew Lee and Arland Domingo, in conjunction with GJS Property’s Chris Bailey, on behalf of Lindsay Bennelong Developments. 
Located at Lot 3 Broadcast Way in Gore Hill, the 3,840 square metre site has DA approval for a 13,998 square metre fully designed and engineered data centre facility. 
Upon completion the fully engineered data centre is tipped to sell for circa $100 million or lease on market terms. 
According to Knight Frank’s Matthew Lee, Partner, Head of Industrial, NSW Lot 3 Broadcast Way is the last piece of the Gore Hill estate available and represents a rare opportunity to acquire or lease a completed, engineered data centre. 
"Following expansive take up across the colocation and wholesale markets we have seen a surge in demand for data centres from both owner operators and providers," Lee said. 
"Recognising this demand, Lindsay Bennelong Developments acquired approval for a four-level data centre with market leading power, fibre and connectivity suitable for a variety of uses. Construction will commence in the coming months with a delivery in 2020. 
“As the only new dedicated commercial precinct on the Lower North Shore capable of delivering a data centre so close to North Sydney and the Sydney CBD we expect it will attract strong interest from owner-occupiers and tenants.”
Sydney’s combination of a unique geographic situation and mature economy are the driving forces behind a growing data centre market, according to Jabez Tan, Head of Research, Data Centres at Structure Research.
“Similar to other mature markets in the Asia-pacific region, Sydney is a magnet for hyperscale cloud and this is even more crucial for Australia from a latency and performance standpoint given its geographic isolation from the rest of Asia," said Tan. 
“Getting closer to end users and an increasingly strict data sovereignty regime makes in-country infrastructure a must-have. This should keep data centre demand in Sydney steady with all of the larger technology uptake indicators healthy.
“Sydney continues to be the primary gateway location for international firms to access the Australian market from a connectivity standpoint and for Australian enterprises to access international markets. Growing usage in social media platforms, content and streaming, online gaming and mobile apps is expected to translate into increased demand for data centre capacity.”
Chris Bailey, Director at GJS Property, said the area was already home to Fox Sports, ASX Data Centre and Chief Entertainment. 
"The Gore Hill estate is ideally located within close proximity to Pacific Highway with extensive current and future public transport links,” said Bailey.
“Following the successful sale of Lot 6 last year by GJS and Knight Frank we are excited to bring Lot 3 to market in what is an exceptionally rare offering. This site will be able to deliver a ‘live’ data centre in 18 months so for providers that cannot accommodate the current demand Lot 3 could be their perfect solution to capture the market.”<s></s>
The Department of Planning and Environment recently unveiled a 20-year plan for the region, which includes a new metro station for Crows Nest as part of the $20 billion Sydney Metro. This vision will create a major employment and housing hub on Sydney’s Lower North Shore, running from Macquarie Park to the Sydney CBD. 
Gore Hill is within easy access to Sydney’s domestic and international airports, and is within close proximity to the Gore Hill Freeway which links the M2, M7 and M5 motorways. The site is two kilometres from the new Crows Nest train station being developed, and an eight minutes’ walk from the existing St Leonards train station.
Lot 3 Broadcast Way, Artarmon, is for sale or lease via expressions of interest closing 4pm ESST, Thursday 21 March 2019.
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Last site at Gore Hill industrial estate announced to the market

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A Broome industrial facility leased to a Midalia Steel has come to market through CBRE.
Located at 3 Archer Street, Minyirr, the 800 square metre warehouse/office facility is situated on an 8,122 square metre site. 
It is currently being leased to Midalia Steel, a subsidiary of the parent company Liberty One Steel, on a new 10-year lease with a further three five-year options available. 
CBRE’s Geoff Fraser is managing the sale campaign via offers to purchase. “This is an outstanding leased industrial investment, providing the opportunity to secure a footprint in one of Broome’s strongest industrial precincts, and with the guarantee of fixed income from a renowned operator,” Fraser said.  He added that as it is being leased to a blue-chip tenant for a substantial period.
"The property is expected to attract interest from local, Perth and interstate buyers looking to acquire a secure investment in a growing location.” 
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Opportunity in Broome's growing industrial market 

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A tenanted industrial site at Stapylton within the Yatala Enterprise Area (YEA) on the northern Gold Coast is set to go under the hammer through Ray White on June 15.
The property at 243 Stapylton-Jacobs Well Road comprises mainly hardstand and two large industrial units.
The YEA is already home to more than 550 small, medium and large businesses and employs more than 10,000 skilled locals, with projections estimating this impressive statistic will grow to more than 16,000 within the next two years.
The listing agent is Debbie Phillips of Ray White Industrial M1 North.
It currently has four tenants and returns gross rental income of $293,105 per annum. Three phase power, natural gas to site, as well as two envirocycle tanks are installed for some tenants.
“There is potential for total gross annual rental income of more than $385,000 per annum,” she said.
The property sits on an area of 35,200 sqm. 
The property is located within a kilometre of the M1 Motorway and is situated between Brisbane and the Gold Coast. 
“The property is zoned for ‘Future Medium Impact Industry’ under the Gold Coast City Council Planning Scheme,” she said.
 
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Industrial site in northern Gold Coast's Stapylton up for auction

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Storage and racking specialist Meca has secured a new office/warehouse in Melbourne's Derrimut for $3.6 million to accommodate its expanding operations. 
The 3,620 sqm property at 49 Calarco Drive comprises a brand new office warehouse with exposure backing onto the Western Highway. 
The building has a two-level office and high clearance warehouse accessed by multiple on grade doors and a recessed loading dock. 
CBRE’s Harry Kalaitzis and Todd Grima negotiated the sale on behalf of a private vendor. 
 
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Storage firm Meca buys warehouse in Melbourne's Derrimut for $3.6 million

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Melbourne-based developer Tabak Group has listed a modern industrial complex in south-east Melbourne’s precinct of Dandenong with expectations of around $20 million.
Located within the sold out Dandenong Logis Estate, the 16,069 square metre industrial complex has access to Eastlink via Greens Road and the Dandenong Bypass.
The brand new complex comprises a 15,109 square metre high clearance warehouse and 960 square metres of corporate office space.
It is being sold through Savills’ Paul Jones sale via expressions of interest closing August 11.
The property is close to cafes, petrol stations and Dandenong Railway Station.
"We expect strong interest from companies upgrading their existing facility and looking to take advantage of the location, while investors will also be attracted to the underlying land value on one of Victoria’s most desirable estates,’’ Jones said.
Places Victoria’s 154 hectare, circa $500 million Logis Estate, which was created as Victoria’s first integrated eco-industrial business park, set records for the value of industrial land in Melbourne's south-east. It is now sold out, according to a media release.
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Industrial complex in Melbourne on sale through Savills for $20 million 

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The NSW government's White Bay Power Station redevelopment in Sydney's inner-west has attracted 13 proposals.
The size of the offering, and decision to offer it substantially in one line, meant few bidders have any real prospect of securing the site.
Lendlease, who have teamed with Google, head the list after the first round of the sale closed last week.
Mirvac, which last year won the $1 billion Australian Technology Park development against stiff competition, also submitted a proposal.
And the Australian Financial Review noted a university consortium, headed by UTS and the UNSW, has maintained its interest.
The chief executive of UrbanGrowth NSW, David Pitchford, even dismissed the suggestion that a deal had been already struck with Lendlease and Google.
"We have 13 proposals from all over the world and the standard is very high," he said, although not bidding included Stockland, Brookfield and Grocon and international heavyweights like the China-based Aqualand, Dalian Wanda and Greenland.
UrbanGrowth is managing the process with sales assistance from Knight Frank.
The site has potential for mixed-use development, but involves serious expenses in remediation, transport infrastructure and restoration.
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jchancellor-FAypfDUnLy

Lendlease and Google in box seat for White Bay Power Station site

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Two adjoining industrial properties located within the Australian Marine Complex (AMC) in Perth’s southern corridor are being offered for sale in a move tipped to generate strong buyer interest.
CBRE’s Geoff Fraser and Warick Irving have been appointed to sell the two prime industrial assets at <a href="https://www.commercialrealestate.com.au/property/2011721577/for-sale/wa/henderson/industrial-warehouse" target="_blank">32 and 36 Stuart Drive, Henderson</a>, via an offer to purchase campaign on behalf of KordaMentha Restructuring.
36 Stuart Drive comprises a large three frontage site of 14,460sqm with modern, well-designed improvements totalling nearly 7,600sqm.
The A-grade asset features a freestanding office/warehouse and workshop facilities, as well as 12 ten-tonne gantry cranes, six automated roller shutter doors, extensive hardstand areas and established landscaping.
Positioned in the heart of the AMC, the facility at 32 Stuart Drive features a two level office/workshop of approximately 1,346sqm comprising a five tonne gantry crane and front roller shutter door access.
CBRE’s director of industrial services, Geoff Fraser, said the offering represented an opportunity to gain a presence in the well-established and renowned AMC precinct south of Perth.
The AMC is a premier industrial estate located in Henderson on the shores of Jervoise Bay, only 23 kilometres south of the Perth CBD.
Both properties will be marketed for sale from Wednesday 19th August 2015 over a five week sales campaign.
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