Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Marina

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The Pelican Waters marina precinct has been granted official council approval, setting the world class project on course for a late-2020 launch date.
Representing the first project of its kind in decades for Southern Queensland, the multi-million dollar development will encompass a fully-functioning marina and boatyard, dry stacker with 160 spaces for boats up to 10m long plus 125 wet berths catering for vessels up to 13m.
Associated facilities and services will include a boat lift, shipwright, marine mechanics and electricians, anti-fouling service, boat detailing, fully equipped chandlery and amenities such as café, users’ lounge and the southern region’s only on-water fuel dock offering both unleaded and diesel fuels. 
General Manager of Development for Pelican Waters, Hamish Pressland, said the project would reshape the southern Sunshine Coast as a premium lifestyle and visitor destination.
Radiating out from the marina hub will be a waterfront village incorporating a vibrant mix of restaurants, cafes, retail and commercial businesses.
“Located in the heart of a lively built-up environment and completely protected from seas and wind, the floating wet berths are serviced with power and water and monitored by full CCTV security,’’ Mr Pressland said 
“The dry stack option takes the hassle out of boating, with a simple phone call beforehand being all that is required to have a vessel prepared for a day on the water. Wash down and engine flush services will also be available and unlimited boat lifts are included in each leasing fee.
“We anticipate construction to start in last quarter of 2020, ahead of the official opening in 2021,’’ he said. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/13/marina%201.jpg" alt="">
Expressions of interest are open on a range of leasing opportunities for boat owners requiring state of the art wet or dry storage options for their vessels, plus multiple business opportunities to operate in a unique waterfront setting. 
The marina is being developed with joint venture partner and marine industry expert Les Binkin, the operator of two of Australia’s best privately-owned marinas in Lake Macquarie and Gosford.
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Pelican Waters Marina officially launched

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Cameron’s Marina, located on the Balmain Peninsula, has been listed for sale.
The 1880s marina is offered with $6 million-plus hopes with adjoining freehold waterfront land.
Its original boat shed burnt down in 1983 and was replaced in 1985.
The marina currently has between 12 and 20 fixed berths (depending on vessel size), a work berth, slipway and 21 swing moorings.
The berths and moorings are on a “wet lease” to the NSW Roads and Maritime Services until 2037.
The moorings generated a net profit of $159,844 in 2018.
Cameron’s Marina, <a href="https://www.commercialrealestate.com.au/property/5a-phoebe-street-balmain-nsw-2041-2015294243">located at 5a Phoebe Street, is being sold by expressions of interest which close on July 4.</a>
It was purchased in the early 1960s by Peter Cameron.
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Cameron's Marina in Balmain listed for first time since 1960s

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Two marinas situated on the Central and Mid North Coast of NSW have been listed through Knight Frank’s Richard Garland and Anthony Pirrottina.
Together, the two properties – Koolewong Marina and Marmong Point Marina – are expected to sell in excess of $29 million.
Marmong Point Marina (pictured above), at 1 Nanda Street, Marmong Point, is located on Lake Macquarie, and is one of the longest boating destinations in NSW. 
The facility comprises of approximately 50,000 square metres, including 10,000 square metres of freehold service yard and 235 wet berths. 
Koolewong Marina (pictured below), located at 19 Brisbane Water Drive in Koolewong on the NSW Central Coast, spans circa 15,725 square metres of wet and dry land. 
Koolewong has a secure new ground lease with a 30-year lease term from 2019.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/14/Koolewong-Marina-R-Marine-21-2500.jpg" alt="">
According to Richard Garland, Knight Frank Director, Commercial Sales, NSW, the marinas will receive strong interest from marina owners and investors, both nationally and internationally due to the ideal locations, established cash flow and significant value add potential.  
“Marmong Point Marina’s current owners, developed and operated this premium market leading marina for over 14 years on Lake Macquarie.
“The marina, the two-storey commercial building and single level industrial building are close to 100% occupancy, with an experienced and well-structured management team in place to run the day-to-day operations. This provides the new owner with an income stream, in addition to the numerous opportunities to add value through development and expansion, available under the current zoning.” 
Koolewong Marina is situated in a highly desirable location within close proximity to a number of major residential hubs, strengthening future value add potential, according to Anthony Pirrottina, Knight Frank Senior Sales Executive, Commercial Sales, NSW.
“The marina comprises 71 wet berths along with a two-storey commercial building and 45 car spaces. While the new 30-year ground lease that commences this year provides long-term secure tenure for prospective buyers.
“Gosford and the NSW Central Coast remain one of the fastest growing population precincts in NSW, underpinning demand well into the future. Particularly given the marina’s proximity to the Koolewong Train Station and direct access to the Central Coast Highway 
“We anticipate both marinas will appeal to a wide range of owner operators and investors and as they present an excellent opportunity to acquire an investment with reliable income and upside potential.” 
1 Nanda Street, Marmong Point, and 19 Brisbane Water Drive, Koolewong, are for sale via Expressions of Interest, closing on 19 June 2019. Buyers can purchase either or both marinas.
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Two NSW marinas hit the market

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Crystalbrook Collection have bought The Reef Marina in Port Douglas and have announced its intention to invest more than $100 million into the marina.
Now to be known as Crystalbrook Superyacht Marina, it sits at the gateway to the Great Barrier Reef and is Queensland’s northernmost marina.
Crystalbrook Collection owner Ghassan Aboud said the group believes they can redefine the Australian marina experience and ensure Port Douglas is an essential-visit location for high-end global travellers.
The expansion of the Marina will include an additional 24 berths to the existing 132 berths welcoming superyachts of up to 50 metres in length.
Central to the expansion is the creation of a world-class hotel.
Crystalbrook Collection CEO Mark Davie suggests the site demands a hotel of the highest calibre.
“We have been travelling the world for inspiration," he said.
"We want to bring to Port Douglas a globally recognized hotel and an incomparable experience for its guests.”
Construction of the luxury hotel and residences is expected to commence in mid-2018, subject to Government approvals, with completion anticipated in 2020.
Douglas Shire Mayor Julia Leu said she was excited to see investment coming to the region.
The work is expected to generate more than 600 jobs during construction and around 240 permanent jobs post completion. Prime Group has been appointed to project manage and construct the expansion.
This will be the fourth development in Queensland for Crystalbrook Collection, which already has three hotels in Cairns under construction with an investment of more than $370 million.
The group also owns and operates Crystalbrook Lodge, a member of Luxury Lodges of Australia, and MV Bahama, a 27-metre luxury motor yacht berthed at Crystalbrook Superyacht Marina.
 
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jrobinson-rf4aSBido9

Port Douglas’ Reef Marina bought by Crystalbrook Collection

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Balmain Corporation has completed the purchase of D’ALBORA Marinas from Ardent Leisure.
The deal was valued at $126 million when it was announced last year.
Goldman Sachs and Sydney‐based commercial property lender and fund manager Balmain Corporation formed a joint syndicate to buy the portfolio from Ardent Leisure.
D’ALBORA Marinas comprises seven marinas at Rushcutters Bay, The Spit and Cabarita Point in Sydney, two marinas adjacent to the Melbourne CBD and two at Nelson Bay and Akuna Bay, north of Sydney.
The marinas currently offer boat users 1,700 berths alongside more than 200 retail outlets, providing a various amenities.
The acquisition bolsters Balmain’s current maritime portfolio which includes Martha Cove, Horizon Shores and Port of Airlie. 
The combined group will have 3,000 berths spanning the eastern seaboard of Australia.
“Our strategy is to change the way marinas operate in Australia by significantly deepening the customer service offering,“ said Andrew Griffin, CEO of Balmain Corporation. 
“Marina customers should be entitled to be treated like hotel guests and the breadth of our holdings will allow us to start this journey for D’ALBORA customers. 
He added that Balmain Corporation will set up concierge/valet services, food and beverage and upgrade amenities at its marinas.
Building upon their maritime expertise over the past decade, Balmain anticipates a smooth transition for D’ALBORA’s staff, customers, tenants and suppliers.
Brett Bolton will remain as CEO of D’ALBORA.
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Balmain Corporation completes acquisition of d'Albora Marinas 

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<div>
Ardent Leisure has sold the d'Albora Marinas portfolio for $126 million.
It has been bought by a jointly owned syndicate headed by Goldman Sachs and Sydney‐based commercial property lender and fund manager Balmain Corporation.
The sale of the country's largest marina portfolio was at a 11 per cent premium to its current book value of $113.5 million.
It was listed in March as Ardent's focus is on its Main Event entertainment operation and theme parks.
The company also sold its health clubs earlier this year.
The portfolio comprises seven high-profile marinas with more than 1300 berths at Rushcutters Bay, The Spit and Cabarita Point in Sydney, two marinas adjacent to the Melbourne CBD and two at Nelson Bay and Akuna Bay, north of Sydney.
</div>
<div>The portfolio delivered earnings before tax of $10.2 million in FY16 representing a yield of more than 8 per cent.</div>
<div> </div>
<div>Balmain Corporation, which has more than $6 billion of assets under management, has partnered with Goldman Sachs on a number of acquisitions including the $43 million deal to buy the Martha Cove Marina project on the Mornington Peninsula last year.</div>
<div> </div>
<div>Ardent has also agreed to complete $5.6 million of pre‐planned capital expenditure projects.   </div>
<div>
"The group's decision to prepare d'Albora Marinas for sale with extended lease tenure, targeted capital works and a transparent sale process has ensured that the maximum value for investors has been realised," Ardent chief executive Deborah Thomas advised.
</div>
<div>
The sale of the d'Albora Marinas was handled by McVay Real Estate marketing it as representing over 1,300 berths, substantial water and land leases along with development opportunities. 
</div>
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jchancellor-FAypfDUnLy

Ardent Leisure sells its 1,300 d'Albora marina berths

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The 479-berth Mackay Marina is on the market. The marina - twice winner of the MIA's Marina of the Year award – plus the adjacent waterfront commercial village and shipyard is being sold by Brisbane-based developer, Port Binnli Group.
It established the facility in stages during the early 2000s.
The sale is being handled by Resort Brokers Australia agent Trudy Crooks, according to the marinebusiness.com.au website.
Located midway between Brisbane and Cairns, the Mackay Marina and adjacent properties cover almost 25 hectares, including the 20.8-hectare marina basin on a 99-year seabed lease (expiry 2098), along with freehold land covering four hectares.
Port Binnli Group, headed by directors Malcolm Hall-Brown, Peter Hooke and Neil Morris, recently sold Raby Bay Marina on Brisbane’s bayside.
The company is now focused on a $1 billion master-planned community on Brisbane’s north side, incorporating the Northeast Business Park and 1,500-lot North Harbour residential and marina precinct, in partnership with the construction giant Laing O’Rourke.
Expressions of interest for Mackay Marina close November 11 with around $38 million tipped.
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Port Binnli Group's 479-berth Mackay Marina listed 

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Pelican Slipway in Queensland's Redland Bay is listed for sale.
Established in 1949, the business at <a href="https://www.realestate.com.au/property-other-qld-redland+bay-118637371" target="_blank">293 Esplanade</a> sits on 1,326 sqm of waterfront land with an adjoining 720 sqm seabed lease and 20 metre pontoon.
Recent extensive renovations included a 40 seat café and restaurant and the approved 200 berth Weinam Creek Marina. 
The property also has one bedroom and one bathroom. 
LJ Hooker Redland Bay agent Colin Walters has the listing.
The holding last traded for $500,000 in 2006.
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Pelican Slipway in Redland Bay listed

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Wyndham Harbour Marina, on the western shores of Port Phillip Bay near Werribee in Melbourne, was declared officially open recently.
Welcoming the event, the Boating Industry Association of Victoria (BIAV) said it was a major indication of the importance of residential marina developments to the Victorian economy.
"The marine sector in this state as an industry is worth $4.5 billion to the Victorian economy and provides over 17,700 FTE jobs," said Steven Potts, chief executive of the BIAV.
The projected increase of the population in the central coast area of Victoria, including Port Phillip and Western Port, to nearly 8 million by 2050 from 4.6 million, will see a doubling of boating activities and boost Victoria's 'Blue Economy'.
<img src="/images/2016/04/22/Screen%20Shot%202016-04-22%20at%208.42.35%20PM.png" alt="">
Potts said developments such as Wyndham Harbour Marina provide a pathway for the private sector to assist in development of Blue Infrastructure, for which the Victorian government or local councils do not have sufficient funds.
The event was attended by Hon. Tim Pallas, State Treasurer.
There are over 172,000 registered boats in Victoria, and with a rapidly growing population, the number of boats in the State is set to double due to increases in population and pressure on green space, seeing the community turning to the blue space of Port Phillip and Western Port Bays.
 
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prateek24-ezbwHMbNAk

New Wyndham marina in Melbourne expected to boost Victorian economy

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Entrepreneur Mark Carnegie is looking at buying Ardent Leisure's marinas business as auctioneer McVay Real Estate works on the information memorandum's release.
The Australian Financial Review's Street Talk column revealed Carnegie's firm M.H. Carnegie &amp; Co is preparing its own search for an equity partner willing to team up on a bid.  
"We would be very interested in speaking to an international party working on this as we believe we are strategically well placed," Carnegie told Street Talk. 
M.H Carnegie already owns Breakwater Marina in North Queensland.
Ardent's marina come with a $115 million book value unit. 
Ardent's d'Albora Marinas business is the largest marina group in Australia with seven sites including three on Sydney harbour. 
Private equity giant The Carlyle Group is one of the parties circling the theme park, marina, bowling centre and gym owner, Ardent Leisure. 
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