<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Industrial Market

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Owner occupiers are capitalising on favourable lending conditions, with a flurry of industrial transactions in Brisbane.
The most recent was the sale of a light industrial site at 18 Raynham Street in Salisbury at auction for $2.1 million.
Western Australian-based Ampac Developments Pty Ltd snapped up the 4,047 sqm warehouse property.
Selling agent CBRE’s Sam Higgins, who brokered the deal along with Jack Pershouse, said the low interest rate environment was fuelling investor appetites.
“Auction bidders are comparing the rent they are paying with the loan repayments - and with fixed interest loans at under 6%, many companies are able to buy a building for 20% less than what they paying in rent costs,” Higgins said.
“With interest rates at 50-year lows, we are seeing strong demand for vacant buildings in the established suburbs of Rocklea, Acacia Ridge and Salisbury.”
Meanwhile, an industrial warehouse property at 29 Meadows Street in Coopers Plain also recently sold for $1.5 million at auction.
Located on a 4,022 sqm site, the property comprises a 1,300 sqm building and a hardstand area of nearly 2,500 sqm.
The purchaser was companies associated with the Hume family.
Pershouse said the market was gaining momentum, with a steady pipeline of transactions on the horizon.
“We are continuing to see an upturn in sales in the $1.5 million - $3 million sector of the market, while leasing transactions have also improved, particularly in the $80,000 - $130,000 net per annum range,” Pershouse added.
“Many investors are favouring industrial over residential property as the yields are net of 6% or better compared with residential returns which have been lower.”
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jonathanchancellor-7SQnKwU6yx

Low interest rates fuelling industrial deals in Brisbane

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Industria REIT has sold its 7 Brandl Street, Brisbane Technology Park, for $25.5 million to a domestic buyer.
The sale was negotiated CBRE agents Mike Walsh and Peter Court who described it as a well leased investment grade product. 
The national marketing campaign delivered a total of six offers upon close which was further improved to a cash unconditional position from the successful purchaser.
Offers also came from two offshore parties presenting sharp bids at close of the campaign.
 
Peter Court said he expects continued widespread interest from ‘new’ entrants into the Brisbane market across a range of asset classes which bodes well for 2016 transaction volumes.
The sale of 7 Brandl St in the Brisbane Technology Park for $25.5m was above the book value of $23.15m (c8.4% cap rate). 
The asset has a 5.2 year weighted average lease expiry with a new lease and lease extension completed in 2H16 with Fujitsu (the asset was 88% occupied at December 2015). 
Settlement is due on 31 July 2016 with proceeds to be used to pay down debt.
In 2014 Industria REIT (ASX code: IDR) sold 53 Brandl Street, Brisbane Technology Park for $10.25 million after an unsolicited offer significantly above the 30 June 2014 book value of $9.20 million. 
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prateek24-ezbwHMbNAk

Industria REIT sells Brandl Street in Brisbane

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Sydney’s outer west is seeing a wave of speculative development in industrial property as tenant demand outstrips supply and A-grade vacancy shrinks, according to an analysis by commercial real estate firm CBRE.
CBRE’s Peter Blade said demand for new industrial space across the outer west market was at a record high, and upward pressure on rental rates would continue.
As vacancy levels for A-grade industrial stock in the area dip below 1%, the demand-supply imbalance is driving upward pressure on rents.
“In the outer west, we are continuing to see strong levels of demand from third party logistics (3PL) providers, which have multiple existing contracts coming up for tender and renewal,” Blade said. 
“Meanwhile, we are also seeing a number of corporate occupiers looking for greater efficiencies within their supply chain in a bid to remain price competitive with their customer base.” 
This means they are either consolidating multiple sites into a single, bigger distribution facility or by outsourcing storage and distribution operations to a 3PL provider.”
According to CBRE, pre-leases averaged $104.50 per square metre, while speculative developed buildings averaged $115 per square metre across all industrial leasing transactions undertaken in Western Sydney from 2013 – 2016,
“As we continue to see demand outstrip supply of new industrial properties in the outer west, we expect to see pressure remain on the rental rates PSM and an easing of incentives,” Blade explained. 
Evidencing the tenant demand, Blackmores recently inked a new lease on a 17,000 sqm facility at 647 Great Western Highway in Eastern Creek. The supplement specialist has committed to a five-year term for an annual rental of $122.50 per square metre. 
Meanwhile, GML has signed a 10-year lease on a 5,345 sqm property at Greystanes from DEXUS, to accommodate its Western Sydney operations. The annual rental for the property at E4 Quarry is $124 per square metre.
YES Shop has committed to a 4,250 sqm property at 1-5 Interchange Drive in Eastern Creek. The Goodman property was negotiated for an annual rental of $123 per square metre over five years. 
CBRE’s Greg Pike said to meet rising demand for new industrial property, there was currently 120,000 sqm of speculative development under construction from owners including Goodman, DEXUS, Frasers, Stockland, Logos, Charter Hall and GPT.
While there had been a lot of speculation that the demand-supply imbalance was a flow on effect of the 2015 ANZAC day hail storms, more factors were at play, added Blade. 
Constraints in existing building stock (5,000 sqm plus), limited land supply across the Western Sydney market and the continued pressure occupiers are facing in the central west and South Sydney markets are some of those factors, he said. 
“This is stemming from  the redevelopment of traditional core industrial markets for either government infrastructure expansion projects or redevelopment and conversions,” Blade said. 
“We don’t expect to see this trend ending any time soon, and as result, those owners speculatively developing are the major beneficiaries. Speculatively developed sheds are on average achieving rental premiums of between 8% and 10% for the same, if not less, incentive then those who wait to secure pre-commitments.” 
A significant pipeline of stock is expected to enter the market in the next six months, mainly in the suburbs of Eastern Creek, Erskine Park and Greystanes, added Pike.
 
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Tenant demand pushes industrial vacancy to below 1% in Sydney’s outer west: CBRE

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The valuation firm Herron Todd White has issued its latest property clock for the industrial market - a simple broad brush means to suggest where property markets are - and what direction prices are moving in.
South West WA is alone at the top -- peak of the market, according to the April property clock. 
<div><a href="/images/2016/04/7/Screen%20Shot%202016-04-07%20at%202.52.57%20PM.png" target="_blank">Click to enlarge</a></div>
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<div><img src="/images/2016/04/7/Screen%20Shot%202016-04-07%20at%202.52.57%20PM.png" alt="" width="808" height="554"></div>
 
Sydney is a market in decline, while Melbourne and Brisbane are approaching the peak.
Industrial is a great real estate leg-up for investors graduating from residential holdings into a commercial portfolio, according to HTW.
The sector has certainly presented affordable options in the past few years, but could it be due an upswing in 2016? The best way to buy well is to draw on local knowledge, say HTW. It’s not just broad markets that present the best opportunities. Variations between secondary to prime property play their part, as do different locations throughout the same town. 
 
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South West WA at the peak of industrial property market: HTW property clock 

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Adelaide-based Harmony Property Syndication has paid $10.75 million on a yield of 7.1% for an industrial property at Hallam in Melbourne’s southeast.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-hallam-501611261" target="_blank">1-5 Siddons Way</a> property was sold subject to a long-term lease, expiring in 2026, to national tenant Pakcentre Marketing Services, at a current rental of $765,920 per annum net.
It comprises a 9,574 square metre office and warehouse, with nine metres clearance and canopied loading docks, on a 15,300 square metre allotment.
The sale was through Savills Australia's Chris Jones and Ben Hegerty.
Jones said the price reflected the tightly held market and the lack of stock in the price range.
Hegerty said the property attracted a high level of enquiry from local, interstate and off-shore investors looking for attractive yields, secure lease profiles, prime locations and potential
upside. He said the demand continued to put yields under pressure with many recent sales pushing the 7 percent barrier.
The vendor was a private group of interstate investors.
Established in 2003, Harmony specialises in establishing and managing commercial real estate syndicates on behalf of investors. Harmony currently has 21 separate property investment syndicates with a combined value of more than $260 million of funds under management.
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j.ballantyne1990-6AQqhLzZaK

Adelaide syndicate pays $10.75 million for Hallam property through Savills

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The Adelaide industrial sector has spent 2015 going through a period of consolidation, says Herron Todd White.
The valuation firm said the industrial sector continues to be impacted by a generally weak local economy and reduced activity within the manufacturing sector, in particular the planned 2017 closure of the General Motors Holden plant.
In December 2014 the state government announced grants to assist automotive components manufacturers who were previously dependent on the car manufacturing industry to diversify alternate industries such as defence, the HTW month in review highlights.
The report goes on to note that this did not slow the short term impact of transition, with the SA unemployment rate increasing .06% to 8.2% from May to July.  
Despite the percentage falling to 7.7% in September, the HTW review showed South Australia to have the highest state unemployment rate ahead of Queensland whose is 6.3%.
By September 2015 this had reduced slightly to 7.7% but South Australia remains the highest State or Territory in the country with Queensland the second highest at 6.3%.
The November review also highlights that adding to the lack of confidence in the SA economy there has been continued debate over the construction of the Australian defence force submarines, which in early 2015 Prime Minister Tony Abbott had outsourced the $50 billion contract to manufacturers from either Japan, France or Germany.
"Submarines have previously been constructed by the Australian Submarine Corporation (ASC) within its $120 million facility in Osborne."
"In September 2015 the Government confirmed that all three potential offshore manufacturers would include local construction in satisfying the contract."
The report added that the detail remains unclear and the evaluation process for the tender is not expected to conclude until the end of 2015.
It also mentions that in light of the above economic climate, industrial sales activity has continued to be subdued with the most activity occurring within the $3 million to sub $5 million markets which are dominated by owner- occupiers and private investors.
"There are reports that institutional investors are continuing to show interest in Super Prime asset classes within South Australia due to the higher than national average returns on offer, however this is not yet translating into a shift in market sentiment in the lower sub markets."
The report concludes by suggesting that in general investment activity has been weak with prime rents and values either reducing or holding.
"A falling construction rate has meant a limit in the availability of prime asset classes and reduced rental returns makes the construction of new buildings less viable.
"The impact has therefore seen a continued divide between prime and secondary stock which may be facing obsolescence issues in the current market."
Going against this trend however is the supermarket company Aldi which is due to open its’ first stores in early 2016.
The Regency Park distribution centre is nearing completion which began construction in late 2014 comprising nearly 33,000 square metres of office warehouse accommodation at a reported cost of $70 million. 
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Adelaide industrial sector consolidates: HTW

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Valuation firm Herron Todd White have reported that the small industrial sector in Cairns close to the CBD is showing stronger buyer demand. 
The HTW month in review suggest that though we now perceive the industrial market to be entering a recovery phase, industrial property development remains slow.
"Improved industrial property sales also remain slow at levels well below the 2007 peak with prices steady.
"Commercial agents advise limited availability of good quality stand alone warehouse stock with slow to reasonable demand for this type of premises."
The report also noted that strata titled industrial warehouses are also limited in numbers for both sale and lease with similar limited demand.
It went on to add however that rents have recently begun to claw back some lost ground as the economy has slowly improved.
"The vacant industrial land sale market is especially quiet with limited sales activity.
"The median vacant industrial land price in Cairns peaked at $295 per square metre in 2009 but has been around $200 to $250 per square metre for sales over the past four years.
"Our overall assessment is that industrial land is adequately supplied for foreseeable levels of demand," said the review.
"There is limited quality investment stock available for purchase in the Cairns market.
"This will tend to support values for well leased properties over the short to medium term."
The report concluded by suggesting that the market has been gradually consolidating to the start of recovery stage and the immediate outlook is for further consolidation and improvement in the year ahead.
"A lack of new stock should see availability tighten as we move through the remainder of 2015.
"A recovery in the vacant industrial land market in Cairns will continue to depend on a more widespread recovery in the local economy which appears to be underway."
 
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Cairns industrial property sales slow since 2007: HTW

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A growing number of interstate syndicates, funds and private investors are lining up to buy Melbourne’s industrial property assets spurred by Victoria’s leading growth status and the lack of comparable prime investment opportunities in rival capitals, according to Savills.
Enquiries from interstate buyers is at their highest post-GFC, accounting for 30 to 50% of all enquiries for individual properties in the sub $20 million market, say Savills divisional director(s), investments, Chris Jones and Ben Hegerty.
"We have sold 17 properties in this category since March and eight of those have sold to interstate buyers from WA, SA, Queensland and New South Wales, for more than $150 million," Jones said. 
He said a lack of comparable investment stock at home, particularly in Sydney and Perth, had been the critical factor, while attractive long-term capital growth and rental prospects, Melbourne’s reputation as Australia’s leading industrial city, and Victoria’s nation-leading population growth and economic performance, provided a very positive future market assessment.
"Victoria has long held the title of Australia’s most attractive industrial destination based on the availability of relatively cheap and easily serviceable land, its superior freeway network and port facilities movements.
"More recently a dearth of quality investment properties in interstate markets, particularly Perth and Sydney, and the ability to acquire assets with high underlying land values, and in many instances higher and better future uses, have swung the investment spotlight firmly towards Melbourne,’’ he said.
Hegerty said several of the deals had been off-market, underscoring the demand for Victorian assets. A majority were investor driven, he added.
In the latest off-market deal, Adelaide-based commercial property syndicator, Harmony Property Syndication, paid $10.75 million on a yield of 7.1% for an industrial property at Hallam.
The 1-5 Siddons Way property, a 9,574 square metre office and warehouse facility on a 15,300 square metre allotment, was sold subject to a long-term lease till 2026 to national tenant Pakcentre Marketing Services.
The current rental is $765,920 per annum net.
Hegerty said latest ABS data revealing annual economic growth (gross state product) in Victoria had bounced back to 2.5%, stronger than NSW and Queensland and all other states bar NT and WA, should provide investors with further confidence that Victoria was a sound investment destination.
One of the key aspects to the GSP turnaround has been population. Victoria had the fastest national growth rate of all capitals in the year to March of 1.7% and has led the national average since 2013, ABS data showed.
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Melbourne industrial a hit with interstate investors: Savills  

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An office, showroom and warehouse in Melbourne's Fairfield has sold under the hammer for $2.030 million to a local investor.
The 40-42 Montefiore Street property fetched $430,000 more than the reserve price of $1.6 million, according to selling agents Dean Alexander and David Bourke of Fitzroys.
The property is on an area of 1,827 square metres, with a building covering 1,675 square metres, including a two-level office/showroom and high clearance warehouse.
It has a 40-metre street frontage and on-site parking.
The Industrial 3-zoned property was sold with a three-year lease term from July 2014 to wheelchair manufacturer Mobility Plus, returning $136,485 per annum plus outgoings.
“The strong result demonstrates the strength of the market, particularly regarding well-located and well-leased properties,” said Alexander.
The property is close to the Eastern Freeway.
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Industrial property in Melbourne's Fairfield sells for $2.03 million

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Adelaide's industrial sector has been under a period of consolidation in 2015 and continues to be impacted by a generally weak local economy and reduced activity within the manufacturing sector, claims valuation firm Herron Todd White. 
The HTW report cites that impending closure of General Motors Holden Plant in 2017 in particular is negatively impact upon the local manufacturing industry. 
"The State Government in December 2014 announced grants to assist automotive component manufacturers previously dependent on the car manufacturing industry to diversify into alternate industries such as defence.
"The grants have done little to slow the short term impact of the transition however as at July 2015, the South Australian unemployment rate increased to 8.2% (ABS), being .06% above the May result which represented a 15 year high and well above the national average of 6%.
"By September 2015 this had reduced slightly to 7.7% but South Australia remains the highest State or Territory in the country with Queensland the second highest at 6.3%," the report said.
Adding to the lack of confidence in the South Australian economy and the manufacturing sector in particular, has been the continued debate over the construction of Australian Defence Force submarines, the month in review noted.
"In early 2015 Prime Minister Tony Abbott announced that the circa $50 billion contract is to be decided via a competitive evaluation process with manufacturers from France, Germany and Japan in contention for the contract.
"Submarines have previously been constructed by the Australian Submarine Corporation (ASC) within its $120 million facility in Osborne.
"In September 2015 the Government confirmed that all three potential offshore manufacturers would include local construction in satisfying the contract."
The report said the detail remains unclear and the evaluation process for the tender is not expected to conclude until the end of 2015.
It also added that in light of the above economic climate, industrial sales activity has continued to be subdued with the most activity occurring within the $3 million to sub $5 million markets which are dominated by owner- occupiers and private investors.
"There are reports that institutional investors are continuing to show interest in Super Prime asset classes within South Australia due to the higher than national average returns on offer.
"However this is not yet translating into a shift in market sentiment in the lower sub markets."
In general investment activity has been weak with prime rents and values either reducing or holding, the HTW report states.
"Falling construction rate has meant a limit in the availability of prime asset classes and reduced rental returns makes the construction of new buildings less viable.
"The impact has therefore seen a continued divide between prime and secondary stock which may be facing obsolescence issues in the current market."
The report concludes by indicating that the supermarket company Aldi is going against the trend however and is due to open its' first stores in early 2016.
The Regency Park distribution centre is also nearing completion which began construction in late 2014 comprising nearly 33,000 square metres of office warehouse accommodation at a reported cost of $70 million. 
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