The NSW construction market continues to show strong signs of recovery and growth, driven in large part by the ongoing success of the Sydney Metro project. With several key phases of the metro system now operational, the initiative is not only enhancing connectivity across the city but also significantly revitalizing the Sydney CBD office culture.…
Revitalisation plans have been submitted for a retail strip on Brisbane’s historic Given Terrace, poised for visibility during the 2032 Olympics. The proposal, located at 208-220 Given Terrace, Paddington, includes two mid-rise buildings—five and four storeys high—housing 12 luxury apartments and 31 short-term accommodation suites. The plan also introduces Hanlon Lane, named in honour of…
Sydney City Council has unveiled a 10-year plan to create 200,000 new jobs, expand the light rail, enhance the night-time economy, and promote green industries. The $540 million Economic Development Strategy, presented this week, includes $100 million for new light-rail routes through Broadway and Green Square. Lord Mayor Clover Moore emphasised that the strategy aims…
Lendlease and Mitsubishi Estate Asia have acquired a 1746-square-metre site in Edgecliff, in Sydney’s eastern suburbs, on which they plan to develop a $500 million mixed-use site. The site at 1 Darling Point Road, for which the firms paid $132.5 million, has imminent approval for a 46-metre-high project but could go up to 60 metres…
Congratulations to Jua Cilliers, who this week has won the NAWIC 2024 Executive Women’s Leadership Scholarship. The National Association of Women in Construction (NAWIC) NSW has awarded its 2024 Executive Women’s Leadership Scholarship to Jua Cilliers, Head of the School of Built Environment at the University of Technology Sydney (UTS). This $30,000 scholarship,…
It will host the Olympics in 2032, has grown in population by 21% over the last decade, and is expecting 41% growth in exports over 7 years. Brisbane is booming; here’s why. Queensland is Australia’s third most populous state, home to 5.5 million people in 2023. Its capital city Brisbane is the domicile of 1.3…
Frasers Property Industrial and ESR Australia have partnered in a 50:50 joint venture (JV) to acquire a 64.4ha parcel of land from Salta Properties in Melbourne’s south east which will be developed into a premium industrial estate with a total end value of c. $900m. Located at 635 Hall Road, Cranbourne, the JV will…
One of the largest industrial land sales in Brisbane’s western corridor this year has just transacted, with a property sold in the Citiswich Business Park in a deal negotiated by Knight Frank’s Mark Clifford. The 21-hectare parcel at 88 Hume Drive in Bundamba was sold by Walker Corporation, who developed the master planned estate. It…
The Salvation Army is looking for a joint-venture partner to help them redevelop a prime office site in the centre of Sydney. The Salvos want to demolish their 10-storey building at Elizabeth Street—less than 100m from Hyde Park—and develop up to 28 levels with a gross floor area of nearly 16,000 square metres. Global real estate…
Mirvac has signed a Federal government-backed capital partner for its $1.8-billion Build-to-Rent Venture. The deal with Clean Energy Finance Corporation, “which facilitates increased flows of finance into the clean energy sector”, included Mirvac’s operational build-to-rent assets and pipeline with the property group retaining a 44 per cent interest in the venture. A Mirvac spokeswoman confirmed…