Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

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JLL is building up its Queensland property management business, with the leading commercial property management firm recently announcing more residential management rights acquisitions.
The latest management rights JLL acquired are:
<ul>
<li>The Water’s Edge development that includes the two towers, Drift and Reach, at 45 Duncan Street Brisbane, comprising 234 units;</li>
<li>Rise &amp; View Towers, 232 units located in 30 Duncan Street;</li>
<li>Parc &amp; Arbor Towers, 237 units also located in Duncan Street.</li>
</ul>
The six towers take the total number of residential apartments managed by JLL to 1,700 in Queensland.
“Growing and diversifying our large property management business through acquisitions and expansion into new sectors such as residential has progressed very successfully,” JLL’s Australia CEO Stephen Conry. 
The latest addition adds to JLL’s existing Urban Edge in Kelvin Grove, Regatta Apartments in Toowong and the Newstead Series Development.
“JLL enjoys a leadership position in this sector in the UK, North America and Hong Kong, and while the industry works under different structures across the world, and indeed across Australia, it represents a major engine room for growth for the JLL business,” said Conry.
The industry in Australia was previously the mainstay of single operators and is still in its infancy in terms of “truly commercializing the processes and returns for investors”, said JLL’s Queensland head of property management, Brett Stack.
However, with residential requirements changing rapidly, more long-term rent contracts, tenant expectations constantly evolving and multi-tower developments now part and parcel of the landscape, it has become important for real estate firms to have sophisticated IT systems and solutions to maintain their edge, says JLL.
“Given the rapid development of this sector, it represents significant investment potential and part of our business is dedicated to identifying and realising this potential for our clients,” said Stack.
“It is an exciting time to be leading the way in Australia in this area.” 
The expansion program in Queensland is headed up by Stack and Tina Grey, JLL’s head of Residential Management in Queensland.
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j.ballantyne1990-6AQqhLzZaK

JLL expands property management footprint in Queensland as sector grows

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A residential development site in Byron Bay has been listed for sale by JLL’s Sales &amp; Investments Team.  
Offers close on the 4,542sqm site in Shirley Street on March 23.
JLL’s Blake Goddard said the property is being offered with a development approval for 17 luxury 3 bedroom apartments facing Byron Bay’s main beach.
The site provides direct beach access and is situated within 300m from Byron Bay’s high street representing a true rarity,” he said.
“Byron Bay has seen significant capital growth in the past few years and is set to continue as the increase in investment from Brisbane, Sydney and Melbourne high net worth privates continue.
The plans have been designed by the architectural firm, Hayball, said Elliott O’Shea of JLL.
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Development site listed in Byron Bay township

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Springfield Tower, located at 145 Sinnathamby Boulevard, has been sold in a deal negotiated by JLL’s Christian Sandstrom and Sam Byrne.
JLL sought expressions of interest over a five-week period for the property on behalf of PPB Advisory as appointed receivers.
Located in Springfield Central, Springfield Tower is an impressive ten-storey office building providing large rectangular floor plates which enjoy an abundance of natural light and views over the greater Springfield CBD.
Constructed in 2008 by leading Queensland builder Hutchinson Builders the property provides 9,459sqm (NLA) of office and retail space and is regarded as the most prominent office building in the greater precinct.
<img src="https://www.urban.com.au/images/2017/02/17/main2345.jpeg" alt="">
The asset provides a 50 percent leased building with scope for significant income uplift, with major tenants including: Springfield Land Corporation, The Salvation Army, Department of Housing and Public Works and Northrop Grumman.
“The landmark is ideally situated in the heart of Springfield Central close to the Orion Shopping Centre.
It is within walking distance to the new $1.2 billion rail linking Springfield to all major stations to the Brisbane CBD.
This has had significant impetus to attracting new businesses to the area, especially as it continues to grow,” said Christian Sandstrom.
“The Greater Springfield community is nearing 13 percent completion with over $11.7 billion invested in the project to date; which is estimated to grow to $85 billion by project end.
"Since the commencement of this project, we have noticed a significant increase in the amount of new capital sources looking to capitalise on Springfield’s rapid growth” said Sandstrom
<img src="https://www.urban.com.au/images/2017/02/17/press%20ad%202%20image.jpeg" alt="">
“Throughout the sale campaign, we fielded interest from a broad range of domestic and off-shore groups that saw potential to unlock the property’s true value through a refreshed leasing strategy,” said Sam Byrne.
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Brisbane's Springfield Tower 10 storey iconic tower sold

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JLL's are dubbing their new Mascot business premises an Activity-Based Working office. The new office features non-assigned desks, discussion hubs, meeting rooms and ‘hush’ rooms designed for quiet working.
JLL has relocated from their previous offices at Sydney Airport Centre, 15 Bourke Road Mascot, to a new office within the Connect Corporate Centre at 191 O’Riordan Street, Mascot.
The Mascot fit out was completed by the firm’s Project &amp; Development Services division, which also completed the fit outs for JLL’s other WorkSmart offices across the country.  Michael Fenton, JLL’s NSW managing director said, the timing couldn't be better for the move, as JLL mark 20 years in South Sydney.
"Our success in the local market over the last two decades is a reflection of our trusted commitment to always achieving the best results for our clients," he said.
"We are equally committed to providing working environments that foster collaboration, innovation and cater for different working styles of our diverse employees."
WorkSmart was built in-house by JLL’s Corporate Solutions team and is designed to incorporates enhanced mobility and flexibility through multiple activity settings and work locations.
<img src="/images/2016/11/23/JLL%20Mascot_1.jpg" alt="">
It has plants to improve indoor air quality, low Volatile Organic Compounds finishes to all surfaces and Recycled Gyprock board. 
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JLL Mascot transitions to new activity-based working office 

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An institutional investor has acquired a 100 percent interest in the recently redeveloped St. Collins Lane CBD Shopping Centre.
The sale was negotiated by JLL’s Simon Rooney on behalf of LaSalle Asia Opportunity Fund III.
Located in the heart of Melbourne along the renowned Collins Street, St. Collins Lane offers over 9,000 sqm of GLA across four floors (plus a mezzanine level) comprising over 60 stores.
When offered to the market for sale, prior to St. Collins Lane being open, it had strong pre-commitment from a number of leading international brands including Coach, TAG Heuer, Reiss, Maje, Sandro Paris, Zadig &amp; Voltaire and The Kooples.
A host of luxury Australian brands are also committed to the property, as well as popular restaurants including Burger Project and Los Vida – both a Melbourne first.
Debenhams recently announced they would be opening their first store in St. Collins Lane, further enhancing the strong tenancy mix.
St. Collins Lane sits below the Novotel Melbourne on Collins which sold for AUD 237 million to Frasers Hospitality Trust earlier in September, realising a total $484m for LaSalle.
<img src="/images/2016/11/15/IP004.20160512-AC0I6118.jpg" alt="">
JLL’s Head of Retail Investments – Australasia, Simon Rooney said the revitalisation of the CBD retail core has driven further strengthening of investor demand for these high quality assets and this was reflected in the competitive sale process for St. Collins Lane.
2016 already reflects a record year for CBD retail transactions with $1.6 billion recorded to date, eclipsing the $1.2 billion in 2015," he said.
Major CBD transactions – last 12 months
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="212">
Property
</td>
<td valign="top" width="99">
Purchase price
</td>
<td valign="top" width="92">
Indicative yield
</td>
<td valign="top" width="80">
Sale date
</td>
</tr>
<tr>
<td width="212">
Carillon City, WA
</td>
<td width="99">
$140,000,000
</td>
<td width="92">
5.47%
</td>
<td width="80">
October 2016
</td>
</tr>
<tr>
<td width="212">
Myer Bourke Street Mall, VIC (33.3%)
</td>
<td width="99">
$151,300,000
</td>
<td width="92">
4.62%
</td>
<td width="80">
August 2016
</td>
</tr>
<tr>
<td width="212">
David Jones – 77 Market Street Sydney, NSW
</td>
<td width="99">
$360,000,000
</td>
<td width="92">
4.50%
</td>
<td width="80">
August 2016
</td>
</tr>
<tr>
<td width="212">
The Myer Centre Brisbane, QLD (25%)
</td>
<td width="99">
$192,100,000
</td>
<td width="92">
6.00%
</td>
<td width="80">
May 2016
</td>
</tr>
<tr>
<td width="212">
MidCity Centre, NSW (75%)
</td>
<td width="99">
$320,000,000
</td>
<td width="92">
4.77%
</td>
<td width="80">
May 2016
</td>
</tr>
<tr>
<td width="212">
World Square, NSW (50%)
</td>
<td width="99">
$285,000,000
</td>
<td width="92">
4.45%
</td>
<td width="80">
December 2015
</td>
</tr>
<tr>
<td width="212">
Rundle Place &amp; 80 Grenfell St, SA
</td>
<td width="99">
$400,000,000
</td>
<td width="92">
-
</td>
<td width="80">
December 2015
</td>
</tr>
</tbody></table>
“There is still very robust demand from investors who are seeking to acquire major CBD retail assets given their defensive nature and potential to generate solid income growth through increased population density, infrastructure improvements and employment growth.
Interest for St. Collins Lane was primarily led by offshore capital sources, with their lower cost of capital and strong preference for CBD retail assets. Although offshore investors have moved into other retail categories in recent years – primarily sub-regional retail – CBD assets remain the top preference for groups with a core strategy,” Mr Rooney said.
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Sale of redeveloped St Collins Lane Melbourne secured by JLL

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A Caltex service station in the north-western Sydney suburb of Kellyville has sold for $9.4 million.
JLL believes the price achieved represents a new record for the sale of a freestanding service station in NSW since March 2011. According to market sales tracked by JLL transactions have ranged between $6 million and $7 million.
JLL agent Dylan McEvoy said the record sale price equated to a yield of around 5%.
The 2,634 square metre property located at 662 Windsor Road is leased to Woolworths Limited under a new 12-year net lease with two five-year options.  
The property was sold on behalf of Pioneer House Pty Ltd at auction.
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Caltex service station in Kellyville sold for record $9.4 million

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A significant landholding in Sydney’s North Strathfield comprising 23 separate residential houses is being offered for sale.
Some $90 million has been suggested as the likely selling price through JLL.
Located at 1-5 &amp; 9-19 Brussels Street, 126-134 George Street, 2-4 &amp; 8-20 Mena Street, North Strathfield, NSW, the site measures approximately 13,760 square metres.
The property has potential for a larger residential development, subject to council approval on the current proposed zoning changes for the precinct.
The site is currently zoned R2 – Low Density Residential and will be sold conditionally on rezoning. 
The property has three street frontages to Brussels Street, George Street and to Mena Street, and is approximately 550 metres from North Strathfield train station.
“This is one of the first sites of this size that has been offered for sale in the Inner West precinct,” said JLL agent Michael Binskin.
Offers close November 23.
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$90 million expected for 23 adjoining Strathfield homes

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JLL has been appointed to negotiate the sale of Arana Hills Plaza on behalf of ISPT.
Arana Hills Plaza is a well-established food, service and convenience based sub-regional shopping centre securely anchored by long term leases to leading national retailers; Coles, Kmart and Aldi, in addition to 23 specialty tenants, 4 kiosks, 2 ATMs and a freestanding Shell Petrol Station, providing a total gross lettable area of 14,355 square metres.
According to JLL’s Head of Retail Investments Simon Rooney demand for convenience-based sub-regional assets such as Arana Hills has been building up due to a lack of investment opportunities throughout 2016.
“Sourcing retail assets within capital city metropolitan areas is challenging at present, particularly for sub-regional centres."
There have been only five sub-regional centres sold within the Brisbane metropolitan area in the last five years, highlighting the limited stock in this asset class.
The centre is on a 5.61 hectare site 10km north-west of the Brisbane CBD, in the established suburb of Arana Hills. 
Its Coles and Kmart leases include provisions that require a high contribution toward both statutory and variable outgoings, providing income protection to future increases in outgoings and together with potential income growth via future percentage rent. 
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Brisbane sub-regional shopping centre, Arana Hills comes to market

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Agent name: Sam Brewer<img src="/images/2014/05/19/brewer-profile.jpg" alt="" style="float: right;">
Position: National director - head of metropolitan sales and investments 
Company: JLL
Office location: NSW
How long have you been in the industry?
I have been in the property industry since 2002. I began my career at Chesterton International as an industrial sales and leasing agent, and moved on to CBRE running their South Sydney Industrial team for two years.
I then spent several years in development before joining JLL in early 2010, initially running the Mascot business as head of office, South Sydney. As of 2014, I now run the NSW metropolitan sales and investments business.
What’s happening in the area you specialise in?
It’s no secret that residential development sites are absolutely booming in Sydney at the moment.
Both local and offshore (largely Asian) developers in particular are seeking large-scale development sites between 100 and 1,000 apartments. This has resulted in price growth of over 20% since late 2013 for such sites. We’re also seeing demand levels similar to those not seen since 2007 for suburban investment stock such as service stations and freestanding office buildings.
Describe the most interesting property you have sold.
There is a lot of growth in South Sydney, with prices moving quickly. In November last year I advised a client on a residential development site in Zetland that their site should sell for around $30 million in an open market environment. During the campaign we received over 100 enquiries and 10 offers, with an eventual sale price of $47.5 million – showing that when marketed properly in a rising market, anything is possible.
What are the ingredients to being successful in your job? 
Having strong integrity is key to being successful in this role – you’ve only got one reputation. Your best clients are often your colleagues, so maintaining internal relationships is also really important.
What aspects of your role do you enjoy the most?
I love the varied characters we deal with in metropolitan sales. Many of the private investors and developers we deal with started their careers with very little and have built extreme wealth. There’s a lot to learn from them. 
Where would you invest a spare $750,000?  
If I was taking a conservative view of the market, I would probably invest in an art deco apartment in the eastern suburbs of Sydney. If I was taking an aggressive view of the market, I’d use it to put towards a residential development site within 20 kilometres of the Sydney CBD.
Which football team do you support?
I support the Brumbies.
What’s your favourite app or techno gadget?
My Android smartphone.
You can connect with Sam on <a href="https://www.propertyobserver.com.au/https://www.linkedin.com/pub/sam-brewer/37/246/594" target="_blank">LinkedIn</a>.
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