Lendlease’s Barangaroo South precinct is officially complete, marking the culmination of a 15-year urban regeneration project that has revitalised Sydney’s harbourfront.&nbsp;

In 2009, the NSW Government’s Barangaroo Delivery Authority appointed <a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a> as developer to transform what was once an inaccessible container port on the western edge &nbsp;of Sydney’s CBD into one of the city’s most thriving mixed-use destinations. Today, Barangaroo South is home to more than 1,800 residents, 23,000 workers, 95 retailers and welcomes 33,000 visitors each day. The precinct stands as an international benchmark for large-scale urban regeneration.&nbsp;

International Towers Sydney, the three flagship commercial buildings at the centre of &nbsp;Barangaroo South, together with engineered timber buildings Daramu House and &nbsp;International House, attracted major corporate tenants from the outset, including Westpac, &nbsp;PwC and KPMG, who are still there today. These workplaces remain some of the most &nbsp;sought after in Sydney’s CBD with over 95 per cent occupancy– a testament to the appeal of world-class, modern infrastructure alongside the precinct’s dining and entertainment that &nbsp;are a drawcard for businesses.&nbsp;

One Sydney Harbour, the three luxury residential towers designed by world-renowned architect Renzo Piano, has achieved more than $4 billion in sales since its launch in 2019, while setting new Australia property price records. This includes the three-level penthouse that crowns Residences One which sold for more than $141 million in 2019 – the most expensive individual residential property ever sold in Australia. &nbsp;

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Barangaroo South is also Australia’s first mixed-use carbon-neutral development, an accolade achieved through energy-efficient and innovative infrastructure, including a district cooling plant with a harbour water heat rejection system, a recycled water &nbsp;treatment plant, onsite solar and an embedded electricity network.

The precinct has maintained its Climate Active Carbon Neutral certification since 2019, affirming its &nbsp;reputation as the gold standard in large scale, sustainable urban renewal. Additionally, its &nbsp;world leadership status has been validated by the Green Building Council of Australia’s &nbsp;6 Star Green Star Communities recertification (Pilot v.2).

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First Nations cultural values were embedded throughout the planning and delivery of the project. The precinct honours Barangaroo, a prominent First Nations woman, through its &nbsp;name. Public art, street names, and design elements across the precinct reflect and &nbsp;celebrate First Nations cultures and connections to Country.&nbsp;

The project's completion positions Barangaroo South as a legacy urban transformation delivered through long-term partnerships and world-leading urban regeneration and placemaking capabilities. &nbsp;

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Tony Lombardo, Group CEO Lendlease, said&nbsp;Barangaroo South represents one of the most significant urban regeneration projects in Australia.

"[It] demonstrates what can be achieved through an ambitious vision, innovative placemaking, long-term commitment and strong partnerships. The precinct has changed the face of Sydney's waterfront, established new benchmarks &nbsp;for sustainable development, and provided a model for urban regeneration that continues &nbsp;to inform our approach to creating places that deliver long-lasting value.”&nbsp;

Tom Mackellar, CEO Development Lendlease, said&nbsp;Barangaroo South has reconnected the city to its harbour in a way that seemed unimaginable 15 years ago and turned it into a thriving precinct where people can live, work and gather on the harbour’s edge.&nbsp;

“This precinct is the result of countless contributions, led by the NSW Government who set the ambition, supported by investment partners who believed in Lendlease’s vision, imagined by architects and designers, shaped by consultants and artists, and brought to &nbsp;life by our dedicated construction teams. &nbsp;

“What we’ve created here is more than buildings – it’s the best of placemaking, sustainability, arts and culture and quality design. Barangaroo South has become an integral part of Sydney that will serve our city and economy for generations.”

Staff Writer

Barangaroo South’s 15-year transformation of  Sydney’s waterfront officially complete

CBE Asia Pacific has lodged plans for a prominent corner site in Fitzroy North, with a proposal that integrates state-significant affordable housing alongside heritage adaptation and new retail.

The application covers a consolidated 2,024 sqm parcel at 201–215 Queens Parade and 6–12 Dummett Crescent. The site includes the heritage-listed Former Clifton Motor Hill Garage, fronting Queens Parade, and vacant land to the rear abutting Dummett Crescent.

According to planning documents prepared by proUrban, the proposal seeks approval for a 12-storey residential building comprising 98 apartments, including a component of affordable housing, over a ground floor retail podium integrated within the heritage structure. Approximately 780 sqm of retail space will occupy the ground floor, while residents will have access to over 850 sqm of communal amenity.

The built form presents as two connected volumes: a 12-storey tower addressing Dummett Crescent and a five-storey volume fronting Queens Parade, the latter consistent with a separate Heritage Victoria permit granted in 2023. The tower reaches a maximum height of 38.26 metres, with upper-level setbacks of 14 metres from the western boundary to reduce visual bulk. A 1.5-metre footpath widening is proposed to Dummett Crescent Lane.

Parking is provided across four basement levels, accessed via Dummett Crescent, with a total of 142 car spaces and 143 bicycle spaces.

The architectural response by <a href="https://www.apartments.com.au/architects/cht-architects">CHT Architects</a> is framed by a need to reconcile new density with a sensitive heritage overlay. The Former Clifton Motor Hill Garage, identified as a place of State heritage significance, will retain its key façades, with demolition and reconstruction limited to approved elements.

As noted in the Heritage Impact Assessment, the proposal remains consistent with the Heritage Victoria permit, which allows "partial demolition, reconstruction and new works, involving the construction of a five-storey multi-use development and three basement levels".

Affordable housing has been embedded into the proposal under Clause 53.23, with specific apartment allocations aimed at enhancing housing diversity within the Queens Parade Activity Centre.

"The proposal is generally consistent with the relevant policy objectives and the intent of the Yarra Planning Scheme," proUrban states in its planning assessment, citing its alignment with strategic documents including Plan Melbourne and Victoria’s Housing Statement.

CHT Architects' plans emphasise a tiered design that acknowledges the site's varied interfaces—from the elevated Heidelberg Road ramp reserve to the recently built Clifton Views aged care facility to the north-east.

CBE Asia Pacific has not been previously active in this precinct, but the project joins a wave of higher-density residential proposals along the Queens Parade corridor, spurred by Melbourne’s broader push to increase affordable housing in well-connected inner-urban areas.

The site benefits from direct access to the Queens Parade tram corridor and proximity to Clifton Hill Station (approximately 200 metres), as well as green open spaces including Mayors Park and Raines Reserve. Clifton Hill Primary School and the Queens Parade retail village lie within walking distance.

First look: CBE Asia Pacific plans 100-apartment Jenkin House on Queens Parade, Fitzroy North

ALT Pasta, one of Melbourne’s most beloved inner-city pasta bars, has been confirmed as one of the first tenancies for the highly anticipated <a href="https://www.apartments.com.au/new-apartments/comme-prahran-182-194-commercial-road-prahran-vic-3181">Comme Prahran</a> development, marking an exciting next chapter for the cult favourite as it prepares to expand into the heart of <a href="https://www.apartments.com.au/developments/prahran-vic-3181">Prahran</a>.

Fresh off being named National Best Italian Restaurant at the 2025 Restaurant &amp; Catering Hostplus Awards for Excellence, ALT continues to solidify its reputation as a quietly confident leader in Melbourne’s dining scene. Lauded for its reinterpretation of Italian pasta through a Korean and Japanese lens, the restaurant has grown into a staple since opening three years ago, and its new Prahran outpost will only deepen its local impact.

“From the very beginning, ALT has been about respect - for tradition, for ingredients, and for the process,” shares Mino Han, ALT’s founder, a Korean-Australian chef whose vision is shaped by cultural duality and craftsmanship.&nbsp;

“We’re not trying to reinvent the wheel, just make something beautifully familiar, feel quietly special,” added Han.

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Positioned at the entrance to Comme Prahran and directly opposite the iconic Prahran Market, the new venue will celebrate the interplay between casual comfort and elevated detail. Designed in collaboration with Rooftop Architecture, the same team behind ALT’s flagship city location, the space will mirror the neighbourhood’s laid-back energy while staying true to the brand’s understated refinement.

Diners can expect a frequently changing menu that takes advantage of the market’s daily produce, along with set menu offerings exclusive to this location. A distinctive chef’s table and open kitchen format are also in the works, allowing guests to experience ALT’s signature intimacy and transparency in a new light.

ALT Prahran won’t replace the original venue; rather, it complements it.

“Our city site is like our heritage bottle; it’ll age gracefully. Prahran is where we’ll play, explore new ingredients, and bring something special to the community,” Mino notes.

[smartcode_project:default project_id=108413 project_image_fid=353584]

For Comme Prahran, a boutique development by Leeka that blends heritage with multi-dimensional wellness, ALT Pasta’s arrival signals a meaningful addition to its vision of cultural connection, food-first living, and local engagement.

“Being part of Comme is more than just opening a second venue. It’s about contributing to a neighbourhood with character, history, and a strong sense of community. That’s something we deeply relate to,” says Mino.

Sustainability and cultural identity are deeply embedded in the ethos of ALT. From ingredient sourcing to interior design, the new location will reflect both environmental mindfulness and a spirit of inclusion, embodying the values of Melbourne’s diverse, forward-thinking culinary scene.

Comme Prahran is scheduled for completion in late 2027, with ALT Pasta expected to be among the first tenancies to open its doors shortly after.

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National best Italian restaurant ALT Pasta to open at Comme Prahran, bringing refined familiarity to Melbourne’s culinary heart

National BEST Italian restaurant ALT Pasta to open at Comme Prahran

&nbsp;Boutique development and construction firm Ryser has filed plans for its debut apartment building.

Ryser, founded by Jonthan Ryan and Wil Prosser, has sought to develop <a href="https://www.apartments.com.au/new-apartments/sorelle-4a-fern-place-woollahra-nsw-2025">Sorelle</a>, 28 new apartments at 4a Fern Place, Woollahra.

The&nbsp;750 sqm site on the edge of Bondi Junction falls within the Grafton Precinct Heritage Conservation Area, though it is currently vacant and not identified as a contributory item.&nbsp;

<a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> has been commissioned to design Sorelle, creating an eight and a nine-storey building with six apartments dedicated to affordable housing to support essential workers&nbsp;under the NSW Government’s low and mid-rise housing policy.

The dwelling mix includes 12 one-bedroom units, six one-bedroom affordable units, six two-bedroom units, and four three-bedroom residences.<img alt="4A Fern Place, Woollahra." data-entity-type="file" data-entity-uuid="86626941-772d-49c5-8d31-a8e42f44cdcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fern%20bldg%20st.png?VersionId=tWIzXYX9gD60nP1L3..Z0BFbY5mafb36" />

According to the planning documents submitted to the Woollahra Council, the development responds to the complex interface of heritage fabric and urban infrastructure with two mid-rise residential buildings oriented to the north and designed to capitalise on sweeping views over Sydney Harbour and Bellevue Hill.&nbsp;

“The proposal aims to hero some of the brick detailing of Woollahra, celebrating the existing datums of Fern Place, whilst embracing the strong verticals of the Holy Cross Church and Bondi Junction with a nod to the historic iron works and iron rich soils of the area,” Woods Bagot noted in their Design Report.

&nbsp;

Only three car parking spaces are proposed, alongside 33 bicycle bays, in a move that leverages the site's proximity to Bondi Junction train station, just 400 metres away.

Architecturally, the material palette incorporates Corten steel and face brickwork to reference the site’s industrial past and local geological character. Landscaping features include a communal garden bridging the two buildings at ground level, landscaped setbacks to protect visual privacy, and a small corner park intended to soften the public interface.

<img alt="4A Fern Place, Woollahra." data-entity-type="file" data-entity-uuid="f71766d6-aa14-44df-9bc5-42f91890fd4a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fern%20bldg%20rear.png?VersionId=uh7u1rJ6NJF5OqyRs9iNJcy6R9ssgaXU" />

Ryser said Sorelle "brings together the best of both worlds, the intimacy of village life with the amenity and luxury of modern design."

The developer said the project marks the first of three developments they will be announcing shortly, a key step in their&nbsp;evolution as a builder-developer delivering meaningful, high quality urban outcomes across Sydney.

The expectation is the Woollahra LGA will become popular for developers with the signal from the NSW Government they will deliver&nbsp;<a href="https://www.apartments.com.au/developments/sydney-nsw" target="">Sydney</a>’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025" target="">Woollahra</a>&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developments/edgecliff-nsw-2027" target="">Edgecliff</a>&nbsp;stations.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/next-stop-woollahra-train-station-delivering-up-to-10-000-new-homes-in-the-heart-of-sydney">Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney&nbsp;</a>

Joel Robinson

First look: Ryser plans two apartment buildings on Woollahra, Bondi Junction border

ASX-listed developer <a href="https://www.apartments.com.au/developers/cedar-woods" target="">Cedar Woods</a> didn’t miss a beat when the opportunity arose to acquire a prime residential development site in one of Perth’s most popular suburbs. In 2019, the developer secured the former Wembley TAFE site, a 1.4-hectare parcel perfectly positioned on the western edge of <a href="https://www.apartments.com.au/developments/subiaco-wa-6008" target="">Subiaco</a>’s vibrant centre.

The first stage, <a href="https://www.apartments.com.au/new-apartments/incontro-subiaco-133-salvado-road-subiaco-wa-6008">Incontro Townhomes</a>, delivered 41 contemporary homes that embrace the suburb’s unique blend of nature and urban energy. Now, Incontro Apartments continues that story, offering a collection of new residences in a market limited with new residential stock. The rarity of a development in such a prime pocket hasn't been lost on buyers, with more than 60 per cent already sold in the early stages of construction.

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Set on the tree-lined Bishop Street, in a quiet pocket within Western Subiaco, Incontro Apartments offers convenient access to several lush parks and recreation spots.&nbsp;

Within the estate is Incontro’s Little Green, a linear park that connects the Incontro townhome precinct with the future apartment building. This peaceful stretch of landscaped parkland features shaded seating and communal spaces for residents to relax and interact close to home.&nbsp;

Less than 400 metres away is find Henderson Park, a perfect spot for morning walks, weekend picnics or casual exercise. Neighbouring Henderson Park is Mabel Talbot Park, home to Jolimont Lake and a playground, while just a little further lies Pat Goodridge Park, offering a large sports field and another playground.&nbsp;

[smartcode_project:default project_id=108869 project_image_fid=325604]

For something closer to home, Subiaco Common provides a peaceful green retreat right on your doorstep - ideal for reading under the trees, walking the dog or relaxing with friends.

Beyond the parks and open spaces, Incontro residents are just moments from everything that makes Subiaco such an enviable place to live.&nbsp;

Down the road is Bishop Street Café, a local favourite for a morning caffeine fix. Subiaco’s Rokeby Road and Hay Street are lined with retailers, cafés, vibrant bars and some of Perth’s most loved dining spots, from long lunches at Refuge Small Bar or Juanita’s, to weekend brunch at Community Coffee Co. or Boucla Café. Add to that a strong sense of local community, regular markets, and the energy of Subiaco Square, and it’s easy to see why Subiaco continues to be one of Perth’s most liveable and in-demand suburbs.

[smartcode_project:default project_id=108869 project_image_fid=325605]

Construction of Incontro Apartments is now underway by <a href="https://www.apartments.com.au/builders/emco-building">EMCO Building</a>. With completion expected in mid-2027, buyers have the chance to join a thriving Subiaco community in the not-too-distant future. &nbsp;

One-bedroom apartments are now sold out, with only a selection of two-bedroom apartments and just three three-bedroom residences remaining. Each features generous layouts, stylish finishes and private balconies to enjoy the leafy outlook that makes this Subiaco address so special. Prices start from $925,000*.

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Over 60 per cent sold as Incontro Apartments captures Subiaco’s leafy appeal

Waverley

Mirvac has signalled that its launch of its $83m redevelopment plans for the Waverley Bowling Club site is fast approaching.

Mirvac is creating a 55-apartment high-end seniors&rsquo; development with pricing advised as from $2,195,000 to $4,995,000.

Late last year Mirvac opened a display gallery for the development, known as The Langlee, will be centred around the old bowling club, which is to be converted into a wellness centre.

<img alt="" height="837" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_9.52.56_am.png" width="1516" />

The facility will boast a 20m indoor lap pool, steam room, treatment room and change facilities on the ground level, while on the mezzanine floor above there will be a resident gym area, yoga and stretching space.

Mirvac&rsquo;s general manager of residential NSW, Toby Long, has advised the past two years of Covid lockdowns had &quot;reaffirmed&quot; their commitment to providing the high-end wellness facility.

Mirvac broke ground on the project in April last year.

<img alt="" height="829" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_9.52.50_am.png" width="1217" />

The completion is anticipated in 2023.

The Langlee is being developed in accordance with the requirements of the State Environmental Planning Policy (Housing for Seniors or People with a Disability 2004 (SEPP).&nbsp;

The SEPP requires that at least one occupant must be 55 years of age (or older) or have a disability as defined in the SEPP.

The old bowling club premises will be converted into a wellness centre

jchancellor-FAypfDUnLy

Construction continues at Mirvac's The Langlee project at Waverley

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Former NRL star Todd Carney has sold his Waverley investment apartment.
Carney bought the one-bedroom, one-bathroom property for $607,000 in 2011.
It was snappily sold with no disclosed price by Albert Sassoon at McGrath, but buyers were being told $900,000.
It had been a $695-a-week rental in late-2019, having first yielded $550 a week on its purchase.
Located on Birrell St, the apartment offers a modern kitchen, open-plan living and dining, and a private courtyard.
<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/2020/8/31/waverley%202.jpg" alt="">
The sale comes ­shortly after the disposal of his Sans Souci investment property at $600,500 in June.
Carney is also set to auction off a Coogee two-bedroom apartment that he bought in 2010 for $880,000.
Carney, who has been dating the former Married At First Sight star Susie Bradley, recently opened a new tattoo studio, Island of the Gods Ink, in Bali. He participated in dry July.
There is a $563,500 median price for Waverley’s one-bedders, according to realestate.com.au.
This article was first published in the Sunday Telegraph.  
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-waverley-134214442"> </a>
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Todd Carney lists Waverley investment

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Sydney Roosters head coach Trent Robinson and wife Sandra scored $2.51 million when their Waverley home went to auction yesterday.
Phillips Pantzer Donnelley agent Debbie Donnelley had been marketing the home with a price guide of $2.3 million.
But keen interest from five bidders saw auctioneer Damien Cooley knock it down to the last bidding entrant, a young first-home buyer couple who bid up from their $2,485,000 initial offer.
The Robinsons intend to trade up in the eastern suburbs, looking to move closer to the beach.
The Waverley home was bought for $1,815,000 in 2014, a year after Robinson took the top job at the club.
Bordering Clovelly, the two-level, three-bedroom home on 210 square metres has two living areas separated by a new kitchen.
Robinson met Sandra, from the French village of Montrabe, while coaching with Toulouse and Catalans. They returned to Australia in 2013.
This article first appeared in The Sunday Telegraph. 
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Sydney Roosters coach Trent Robinson scores Waverley home windfall

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Sydney Roosters head coach Trent Robinson and wife Sandra are making the move to trade-up in the eastern suburbs, and looking to move closer to the beach.
The couple have listed the Waverley home they bought for $1,815,000 in 2014, a year after Robinson took the top job at the Moore Park-based club.
It was the first time the home had traded in more than two decades.
Bordering Clovelly, the two-level home on 210 square metres has two living areas separated by a new kitchen.
The front living space features a slow combustion fireplace and the rear living area opens to a covered deck that overlooks the garden.
Upstairs there are three bedrooms­, including a master suite with a walk-in wardrobe and ensuite.
The lower level, accessible only from the garden courtyard, has a home office and a third bathroom.
Phillip Pantzer Donnelley agent Debbie Donnelley is marketing the freestanding home for an August 17 auction with a guide of $2.3 million.
Robinson met Sandra, from the French village of Montrabe, while coaching with Toulouse and Catalans.
They returned to Australia in 2013, when he sold for $495,000 the 1920s home at Wickham, near Newcastle, that he had paid $331,000 for in 2008 when he was assistant coach at the Knights.
Robinson became the youngest coach in the NRL when he took over at the Roosters in 2013 at age 35.
The club has since won four minor premierships and two grand finals.
This article was first published in the Saturday Daily Telegraph. 
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Sydney Roosters coach Trent Robinson lists Waverley home

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The Bronte Road Bistro, located in the heart of Waverley's retail precinct, is set to go under the hammer later this month.
Located in Sydnery's eastern suburbs at <a href="https://www.realcommercial.com.au/property-retail-nsw-waverley-503215162" target="_blank">280-282 Bronte Road</a>, the property has been home to the French-bistro style restaurant Bronte Road Bistro since 2008.
They have a new secure long lease until May 2022 with a further five year option.
The freestanding property on 125 sqm comes with a net rental return of $100,783 per annum with a fixed rental growth of three percent per annum.
It has a commercial kitchen and a fit-out focusing on bringing in light in to the timber-floored internal area. There's also a number of outdoor dining tables.
<img src="https://www.urban.com.au/images/2019/6/11/Bronte%20Road%20Bistro.JPG" alt="">
The property has a secure car space located on the property, as well as having a liquor licence.
It is set for auction on the 27th of June through LJ Hooker Commercial agent Steven Kruyer.
The property last traded for $1.95 million in 1997.
Owner and partner of Bronte Road Bistro Stewart Parsons re-opened Woollahra's famed Claude's restaurant after it closed in 2015.
He and chef Cameron Johnston took over the premises and renamed it St Claude's.
 
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jrobinson-rf4aSBido9

Home of Waverley's popular Bronte Road Bistro for sale

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The Waverley Gardens Shopping Centre in Melbourne has been sold for $178 million.
A new joint venture between Elanor Investors Group, global firm Heitman and domestic institutional and wholesale capital partners were behind the purchase.
The 39,554 square metre sub-regional shopping centre is on a 106,000 square metre site 25 kilometres south-east of Melbourne’s CBD.
Major tenants account for 56% of total gross lettable area and it is anchored by Woolworths, Coles and ALDI supermarkets, as well as two discount department stores.
The sale was negotiated  by JLL’s Head of Retail Investments for Australasia, Simon Rooney, on behalf of Blackstone.
 “Sub-regional assets continue to appeal to yield-driven investors given the compression in yields in other retail sub-sectors and across other real estate sectors,” said Mr Rooney.
“We continue to see demand for retail assets where investors can progressively add value and drive enhanced returns, either via intensive asset management and/or development.
“Waverley Gardens offers an attractive and secure income return and provides future mixed-use development potential, given the extensive land parcel of 106,000 square metres.
“Investors are attracted to the high population growth in Victoria which is currently running at 2.2% per annum, now the strongest nationally.
“The state provides sound investment fundamentals with the economy underpinned by broad-based growth driven by strong growth in household consumption, tourism, infrastructure spending and business investment.
“Opportunities to acquire sub-regional centres in 2017 were limited, with sub-regional transaction activity falling to $1.1 billion, less than half the $2.3 billion (per annum) which sold between 2013 and 2016 – reflecting the volume and scale of portfolio sales in prior years.
“We have seen $1.3 billion transact in the year to date.”
The Waverley Gardens Shopping Centre in Melbourne has been sold for $178 million.
A new joint venture between Elanor Investors Group, global firm Heitman and domestic institutional and wholesale capital partners were behind the purchase.
The 39,554 square metre sub-regional shopping centre is on a 106,000 square metre site 25 kilometres south-east of Melbourne’s CBD. 
Major tenants account for 56% of total gross lettable area and it is anchored by Woolworths, Coles and ALDI supermarkets, as well as two discount department stores.
The sale was negotiated  by JLL’s Head of Retail Investments for Australasia, Simon Rooney, on behalf of Blackstone.
 “Sub-<a name="_GoBack" href=""></a>regional assets continue to appeal to yield-driven investors given the compression in yields in other retail sub-sectors and across other real estate sectors,” said Mr Rooney.
“We continue to see demand for retail assets where investors can progressively add value and drive enhanced returns, either via intensive asset management and/or development.
“Waverley Gardens offers an attractive and secure income return and provides future mixed-use development potential, given the extensive land parcel of 106,000 square metres. 
“Investors are attracted to the high population growth in Victoria which is currently running at 2.2% per annum, now the strongest nationally. 
“The state provides sound investment fundamentals with the economy underpinned by broad-based growth driven by strong growth in household consumption, tourism, infrastructure spending and business investment.
“Opportunities to acquire sub-regional centres in 2017 were limited, with sub-regional transaction activity falling to $1.1 billion, less than half the $2.3 billion (per annum) which sold between 2013 and 2016 – reflecting the volume and scale of portfolio sales in prior years.
“We have seen $1.3 billion transact in the year to date.”
 
 
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Joint investment venture snaps up Waverley Gardens Shopping Centre

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Waverley's historic Hermansleigh has been listed for sale for the first time in over nearly three decades.
The 1880s Victorian Italianate <a href="https://www.realestate.com.au/property-house-nsw-waverley-126688530" target="_blank">home on Bronte Road</a> last traded for $650,000 in 1990.
Set on 500 square metres, the home has four bedrooms, two bathrooms and a rear courtyard.
A formal lounge and dining area comes with twin marble fireplaces.
The home's upper level opens to wraparound balcony with views of the ocean.
McGrath Edgecliff agent Stephen Morrow is marketing the home for a November 11 auction.
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Waverley's 1880s Hermansleigh listed

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Retired Wallaby Phil Waugh has sold his Waverley investment apartment for $950,000.
The top floor, 1930s apartment on Bronte Road cost Waugh $335,000 in 2001.
It had been a $500 a week rental back in 2010, with no subsequent rental updates provided by the agent.
The unit in a block of 12 apartment has two bedrooms and one bathroom.
It had been freshly painted.
Waugh, an open side flanker, racked up 79 Test matches for the Wallabies and 124 matches for the Waratah's over his 12 year career.
Showing he retains his passion for property sales, Adrian Bo, a McGrath 22 year veteran sold the small investment unit. It had been widely canvassed Bo could head into the estate agency's executive ranks having gained an MBA in 2014, but the right opportunity has not opened up despite the upheaval at McGrath. 
The listing of his own Randwick home through the highflying eastern suburbs agent, Gavin Rubenstein at rival firm Ray White caused raised eyebrows recently.
It was explained by Bo away as nothing more than resolving potential conflict of interest.
He told The Australian that he had three listings within a 100 metre radius of his place and it 'just didn't feel appropriate.'
No one in the McGrath Group was enlisted to sell the Bo house as a conjunctional agent.
Bo said he had a great experience with Rubinstein when the Ray White agent sold him his new home, a $5.2 million Vaucluse four-bedder.
His Randwick home sold within four weeks of listing with a $3.2 million to $3.4 million price guide. 
Three nearby listings on Canberra, Oberon and King street have all been sold by Bo recently, with Bo having three currently for sale.
 
 
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