Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

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The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

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“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

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Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

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Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

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Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

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Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

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Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

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Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

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The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

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Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

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The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

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Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

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“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

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Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

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There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

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Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

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The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

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Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Mornington Peninsula

Pace Development Group has started 2022 with a foothold at the Mornington Peninsula&rsquo;s gateway, after the developer purchased a mixed-use site in the rapidly evolving City of Frankston for $16 million.

The 3274 sqm beachside site, located at 438-444 Nepean Hwy, was previously the location of Frankston Cinemas before becoming a vacant land parcel ripe for redevelopment.

Its current owner, a private Melbourne developer, had held the site for two years before negotiating its sale to Pace in an off-market deal.

Pace will plan around 200 apartments, with a high level of&nbsp;amenity, including an infinity pool overlooking the bay,&nbsp;and ground floor retail.

Shane Wilkinson, Managing Director of Pace Development Group, said he has had his sights set on development opportunities within the Bayside locale for some time.

&ldquo;I&rsquo;ve always had a clear mandate to be ahead of the curve when it comes to choosing up-and-coming locations across Melbourne, and offering purchasers a lifestyle in those areas that is synonymous with the Pace standard,&rdquo;&nbsp;Wilkinson said.

&ldquo;What makes this site particularly exciting is the magnificent backdrop of Port Philip Bay which will offer the majority of apartments uninterrupted water views.

&ldquo;We are currently working through early concepting of a U-shaped building that will allow the maximum number of apartments to enjoy panoramic views of the bay.

&ldquo;Our design brief emphasises Pace&rsquo;s commitment to developing buildings that are truly iconic and timeless in their architectural language.&rdquo;

Ashley Bramich, Sales and Marketing Director at Pace, said Frankston had already benefitted from strong price growth in the last year, yet its ability to cater to a discerning downsizer market has been capped until now.

&ldquo;Downsizers across the Peninsula have had very limited off-the-plan opportunities that come close to their expectations on quality and location,&rdquo;&nbsp;Bramich said.

&ldquo;With the Peninsula&rsquo;s extraordinary price growth of 20% being driven by younger sea-changers, empty-nesters couldn&rsquo;t be in a more advantageous position to sell their sprawling family properties and downsize.

&ldquo;Our vision is to create a project that meets the needs of Peninsula downsizers by focusing on larger two- and three-bedroom apartments and high-end facilities like an infinity pool looking out to a water aspect, and extensive health and wellbeing amenities.

&ldquo;Frankston offers the best of a Bayside and Peninsula lifestyle, yet being only 45 minutes from Melbourne&rsquo;s CBD allows for great connectivity for working commuters.

&ldquo;We believe the Frankston and Mornington Peninsula apartment market is limited from a planning perspective and significantly undervalued. Developments with water views in Sydney, Perth and Brisbane are all selling at significant premiums to what has been achieved in comparable locations in Melbourne.

The developer is currently in consultation with two architectural firms to refine its scheme, aiming to commence the planning process shortly in order to launch an early sales campaign in 2023

Pace will plan around 200 apartments, with a high level of amenity, including an infinity pool overlooking the bay, and ground floor retail.

Pace set for Frankston, Mornington Peninsula apartment development

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After 16 years heading Marshall White's Boroondara office, James Tostevin is opening an office in the Mornington Peninsula.
He'll be staying with Marshall White, opening Marshall White Mornington Peninsula, the real estate agency's sixth office.
The opening was delayed due to COVID-19.
The Marshall White veteran will be joined by former Lupton Ferguson agents Louise Lupton and Chelsey Gibson, and former Joel Hood Property agent Adrian Calcedo, who all join as directors.
Not joining the office is Tostevin's son Charlie. He'll be staying with Marshall White's Boroondara office.
James and the rest of the family relocated to Mt Eliza last year.
He is the group's top seller, and has been an Australia-wide Top 100 Agent for the past 15 years.
 
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James Tostevin opens Marshall White branch in Mornington Peninsula

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Sorrento’s Continental Hotel is back on the market, with with receivers having taken over the landmark property after repeated issues with its $100 million redevelopment.
Justice Almond of the Supreme Court of Victoria has ruled to end the Mornington Peninsula building's previous contract of sale, releasing the deposit paid by the previous purchaser to Manda Capital Holdings Pty Ltd, the first mortgage.
The 145-year-old, heritage, four-storey limestone building is the heart of the Sorrento community and has for years languished in disrepair. 
The hotel had been plagued with issues since <a href="/news/julian-gerner-to-develop-sorrentos-continental-hotel">Continental Development director Julian Gerner bought </a>it in<a href="/expert-insights/investing/sorrentos-continental-hotel-for-sale"> 2015</a>. Mr Gerner underwent a myriad of contractual issues and a failed partnership with defunct developer Steller Group. 
However, as of Wednesday, the contractual issues dogging the redevelopment of the Continental Hotel have been <a href="https://www.realestate.com.au/news/continental-hotel-sorrento-back-on-the-market/?pid=article-page%7Csource:news:article-page-bottom" target="_blank">resolved,</a> freeing up the historic landmark for a much needed revamp.
Petr Vrsecky, partner at PKF Melbourne and a receiver appointed by Manda, said the Continental Hotel is “on the market again and a “clean proposition”.
“We are pleased and relieved the matter has been brought to a head, and that we can now move forward with the sale of such an illustrious property,” he said.
“The previous contract of sale is at an end, and we welcome all expressions of interest through Colliers Real Estate.”
A historic landmark established in 1875 under the directorship of comedian, politician, philanthropist and businessman George Coppin (1819-1906), the Continental Hotel is an architecturally significant building that has been constructed in a Victorian Italianate style using locally quarried limestone.
Developed in response to the overwhelming demand for accommodation for city tourists seeking a holiday at the then growing seaside resort of Sorrento, the hotel is a great opportunity for anyone seeking to continue the tradition of an iconic venue serving one of the most prestigious and cosmopolitan communities in Victoria, all within walking distance to pristine beaches.
While it has since undergone various changes, it remains an undisputed gem of the seaside Sorrento community, situated on a prominent site at the entry to the town, and a fantastic opportunity for the right owner.
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Sorrento's Continental Hotel is back on the market after $100 million redevelopment failure

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Greg O'Neill, chief executive officer of La Trobe Financial, has spent $20 million plus to buy a Red Hill farm on Victoria's Mornington Peninsula. 
The 120-hectare Watermill Estate was previously home to the Watermill Murray Grey stud.
It continues farming operations, running a herd of about 200 Angus steers. 
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Spread across 12 titles at 725 White Hill Road, the Watermill Estate had not changed hands for almost 30 years. 
It previously traded in 1982 for $69,750.
The vendor was Melbourne-based Samdee Nominees, whose sole director and shareholder is Wendy Olenick, according to the Australian Financial Review.
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Watermill was put up for sale in May with Cushman &amp; Wakefield.<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/2019/11/18/la%20trobe%203.jpg" alt="">
The acquisition comes less than two years after O'Neill sold an 80% stake in La Trobe Financial to American private equity giant Blackstone.
O'Neill's late father, Ray O'Neill, founded La Trobe in 1952 and then handed the reins to his son in 1997. 
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La Trobe Financial CEO Greg O'Neill buys Watermill Estate at Red Hill

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A historical retail strip on the Mornington Peninsula has been listed for sale, marking the first time it will change hands in over 90 years.  
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<a href="https://www.realcommercial.com.au/for-sale/mornington-peninsula-vic/retail/" target="_blank">The Broadway, 1015-1021 Point Nepean Road, Rosebud</a> comprises six retail shops totaling an NLA of 867 sqm located in the heart of Rosebud.
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CBRE has it listed on behalf of Paul and Lloyd Whittaker.  
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Since the building’s completion in 1928, it has operated as The Broadway Theatre cinema, a dance hall frequented by American servicemen during wartime and a popular disco in the 1960s before being converted to retail use. 
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“The Broadway is steeped in a rich history that our family is very proud to have been part of, from our father Frank Whittaker opening the first cinema on The Mornington Peninsula in the late 1920s to the multiple performances by the famous John Farnham held on The Broadway’s stage in the late 1960s,” Paul Paul Whittaker commented. 
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The retail corner, currently leased to tenants including Fight Centre and the popular Foyer Café, is anticipated to generate a fully leased annual income of circa $250,000.  
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Situated on a 1,241sqm parcel of land, the site has combined frontages of over 90 metres to Point Nepean Road, Rosebud Parade and Wannaeue Place. 
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“The Mornington Peninsula continues to strengthen as an investment location due to the high level of capital invested by local businesses,” Mr Hage said.  
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CBRE has handled 24 of the 31 investment transactions that have taken place on the Mornington Peninsula since 2016, notably Sportsgirl Sorrento, which sold earlier this year to a Melbourne based family for $4,070,000 (36 per cent above the vendor’s reserve) and the Peninsula Cinema Portfolio (Rosebud and Sorrento) that was sold on behalf of the prominent Kirby family for a combined amount of almost $10 million. 
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Historic Mornington Peninsula retail strip, The Broadway offered after 90 years

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The Artisan restaurant and homestead on the Mornington Peninsula has been offered to the market.
The Artisan Kitchen and Wine Bar at <a href="https://www.realestate.com.au/property-house-vic-red+hill-131222066" target="_blank">164 Arthurs Road</a> in Red Hill is one of the area's most popular dining spaces.
The bistro and wine bar, created with a focus of the flavours and colours of the south of France, is a fully farm-to-table menu.
The food is prepared from locally grown ingredients.
The Artisan restaurant has a full commercial kitchen with a prep room and the dining room is fully licenced and seats up to 75 internally and on the terrace. It has parking for around 18 cars.
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The property was previously Poffs Restaurant and was home to Jon Cecil Fine Art, which originally operated in Melbourne's South Yarra and Sydney's Double Bay in 1975.
In the 2,810 sqm grounds is a four bedroom homestead with a swimming pool that overlooks the neighbouring vines from the boutique bed, breakfast and vineyard Lindenderry.
The property last traded for $1.6 million in 2016 before Artisan opened. Its previous trade before that was $153,000 back in 1989.
Michael Keating International has the listing.
 
 
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Artisan restaurant and homestead in Red Hill listed

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Watermill, a Red Hill property on Melbourne's Mornington Peninsula has been listed with expectations of $25 million plus.
The property at <a href="https://www.realcommercial.com.au/property-commercial+farming-vic-red+hill-503198022" target="_blank">725 White Hill Road</a> comprises 119.5 hectares.
It is spread across 12 separate titles.
Watermill is on the market for the first time since 1982, offered through Cushman &amp; Wakefield Agribusiness.
The international expressions of interest closes June 18.
Watermill has commanding views of Western Port, Port Phillip Bay and Melbourne. It was formerly a Murray Grey cattle stud, with facilities commissioned for entertaining purposed in anticipation of the 1956 Olympics. 
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Watermill at Red Hill listed with $25 million plus hopes

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Macquarie Group's head of capital markets Hugh Falcon and wife Jenny are seeking to sell their Mornington Peninsula weekender.
The 6,260 square metre Merricks Beach estate includes an architect designed four bedroom homestead set in gardens designed by Fiona Brockhoff.
They feature native and coastal plantings, lawn, hedging, mature trees and a pond.
<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/2019/2/28/merricks-beach%203.jpg" alt="">
The central kitchen, living and dining space opens to outdoor spaces. 
On one side is a timber deck with alfreso dining space and outdoor kitchen, while on the other there's a swimming pool with sundeck, outdoor shower and a private courtyard garden.
Kay &amp; Burton Flinders agent Tom Barr Smith and Prue McLaughlin have a guide of $3.95 million to $4,345,000.
<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/2019/2/28/merricks-beach%202.jpg" alt="">
The couple recently sold Brinsley Place, their historic Richmond home, for $4,476,000.
They had paid $4.8 million for the classic four bedroom home just 18 months earlier when moving from Toorak.
Set high on Richmond Hill, Brinsley Place was constructed for the inspector of distilleries, Brinsley Tobin in the late 1870s.
This article was first published in the Weekend Australian. 
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Macquarie Group's head of capital markets Hugh Falcon lists Mornington Peninsula weekender

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De Bortoli Wines has acquired the Rutherglen Estates vineyards, winery and tourism facility in Victoria.
The purchase takes De Bortoli’s total Victorian vineyard holdings to 820 hectares, with 700 ha bearing fruit and 120 ha being in development.
The acquisition is part of its growth strategy.
The 185 hectare Rutherglen purchase was from its Hong Kong owner, Eternity International Enterprise Holdings.
The Rutherglen vineyard purchase complements the family’s existing premium Victorian vineyard holdings in the Yarra Valley, King Valley and Heathcote wine regions.
Rutherglen Estates provides De Bortoli Wines with a third winemaking facility in addition to the business’ Riverina and Yarra Valley sites.
The De Bortoli family anticipates that premium quality Victorian red wine with density, freshness and interest will increasingly be in high demand domestically and internationally.
The family said it estimates that its Victorian vineyards will produce over seven million bottles of wine by 2025 as it looks to make the most of the "premiumisation trend" which is key part of the Australian market.
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De Bortoli Wines acquires the Rutherglen Estates vineyards

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The Mt Martha holiday home of the late sports broadcaster Drew Morphett has been sold.
It fetched $1,270,000 after being listed for sale last year with $1.3 million to $1.35 million price hopes.
The 715 square metre property, set 100 metres from Birdrock Beach, was listed by his widow, Kaz.
The three bedroom Morrisons Avenue home was set to become their permanent home before Drew's sudden death last year at age 69.
The Morphett's paid $475,000 for the property in 2005 and installed a pool over their ownership.
The commentator called a wide variety of sports including cricket, tennis, golf, basketball plus six Olympic Games over a career spanning five decades.
One Agency Peninsula had the listing for 125 days before its recent sale in early 2019. 
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