TPDR Issue 27

ISSUE NUMBER 27

EXCLUSIVELY FOR PROPERTY DEVELOPERS, INVESTORS & AGENTS

LISTINGS

INSIGHTS

ANALYSIS

The best commercial and development opportunities in Australia.

Industry interviews with the property sector’s true thought-leaders.

Unique perspectives from the deal-makers on the ground.

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Inside Issue #27

From the CEO

Women in Property: Adriana Zuccala Managing Director Supra Capital 06 Women in Property: Felicity Emmett Senior Economist ANZ 06 The Interview: Paul Constantinou AM Founder & Chairman Quest Apartment Hotels 07

Welcome ToOur October/November Issue of The PropertyDevelopment Review.

Mirroring the current buoyancy of the commercial market, Ready Media Group’s flagship portals DevelopmentReady and CommercialReady both recorded solid listing volumes during the last financial quarter. Overall, commercial property value growth and sales volumes are currently solid. Recent eye-catching large sales included Sydney’s Kingsford Smith Airport in Mascot (13.8 hectares) sold by Qantas for $802 million - around $200m above expectations. Plus $300 million each for a central Canberra 12-storey office building, and several former government buildings in Hobart known as Parliament Square. Ready-Pay, our unique online commercial marketing funding product, has been gaining strong traction and now has its own standalone website. A product of our partnership with leading finance provider, the Butn Group, we are extremely excited with its potential evolution. DevelopmentReady and CommercialReady portals are now a genuinely innovative force on the online commercial property landscape. Collectively, they are the first and currently only portals offering both InstaDocs Dataroom and DistrictData, an interactive mapping and reporting systemwith all listings. Our focus is firmly fixed on continuing to provide our clients with measurable state-of- the-art product features. The Interviews Rob’s high profile interviews continue with industry trail-blazer, Paul ConstantinouAM - Chairman of C&D Capital and Founder of Quest Apartments and Hotels, JLL Hotels & Hospitality Group’s dynamic duo, Will Connolly andNickMacFie , the energetic WarrenEbert – Executive Chairman & Chief Investment Officer of Sentinel Group, BryanDorman - Co-Founder Regis Healthcare and chairman of private investment group Dorman Capital, GregMiles , Director of commercial property investor, IP Generation, Anthony El-Hazouri &Charbel Hazzouri – co-founders of high-profile development and investment group RevelopAu and SimonRanson - Head of Investment Banking, for A&NZ at J.P. Morgan Women inProperty&Business this month features interviews with Adriana Zuccala – Managing Director of Supra Capital and Felicity Emmett - Senior Economist at ANZ Bank. With the newest development sites for sale plus a summary of recently transacted commercial properties Australia-wide please enjoy this issue and importantly keep well.

The Interview: Will Connolly/Nick MacFie Vice President & Associate JLL Hotels & Hospitality Group 41

The Interview: Greg Miles Chairman - IP Generation 42

The Interview: Warren Ebert Executive Chairman & Chief Investment Officer, Sentinel Group 43 Co-Founder Regis Healthcare & Chairman of Dorman Capital 85 The Interview: Bryan Dorman

The Interview: Simon Ranson Head of Investment Banking, A&NZ, J.P. Morgan 86 The Interview: Anthony El-Hazouri & Charbel Hazzouri Co-Founders - RevelopAU 87

Best Regards

15

77 SA:

Nick Materia, CEO, Ready Media Group

NSW: Property Listings

Property Listings

45 VIC:

Property Listings 89

On The Cover Pat Whelen (www.instagram.com/pwhelen/) Editor in Chief Frank Materia, frank@readymedia.com.au

Design & Direction Nespecart Advertising Enquiries Ted Lloyd ted@readymedia.com.au Editorial Enquiries editor@readymedia.com.au

Contact TPDR Ready Media Group Level 1,

WA: Property Listings

167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 info@readymedia.com.au

94 NT:

59

QLD: Property Listings

Property Listings

A flexible and reliable partner. Wingate’s specialist property team provides innovative debt and equity funding, partnering with many of Australia’s leading property owners and developers. We are driven by the Wingate Way principles of partnership, deep domain knowledge, patience and alignment. Experience the Wingate way.

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SYDNEY Ph: +61 2 8039 0900

MELBOURNE Ph: +61 3 9913 0700

www.wingate.com.au

info@wingate.com.au

02

The Property Development Review

03

Market Moves: Around the Country

NATIONAL

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

NSW; 42,500sqm logistics facility in Kemps Creek. VIC; 30,000sqm warehouse in Truganina. WA; Perth’s Jandakot Airport, 49 leased warehouses and 80 Ha of undeveloped land. Two NSW assets; Fairfield East & Wetherill Park. One WA asset; Welshpool. Two QLD assets; Banyo & Darra. Three VIC assets; Port Melbourne, Derrimut, and Hallam. QLD’s Weststate Private Hospital in Townsville. WA’s ‘Perth Clinic’. VIC’s Sunbury Medical Centre and a mental health outpatient centre in Frankston. NSW’s MetroRehab Hospital in Petersham plus two dementia care units in Sydney’s Castle Hill. 12 premium childcare centres located in Victoria and Western Australia developed by Allaf Property. VIC; Sunbury Ford dealership, a Cheltenham property, plus United service stations in Somerville and Lilydale. SA; Seaton convenience retail investment. NSW; an Albury medical centre. Two convenience retail investments in Riverview (Brisbane, QLD) and Dubbo (NSW)

A suite of investment assets

P: Dexus and APN Industria REIT

$1.5 billion

Industrial asset portfolio

P: Centuria

$351.5 million

Healthcare portfolio

P: Centuria

$167 million

P: Home Consortium’s ASX listed HealthCo Healthcare & Wellness REIT

CBRE, Burgess Rawson and Savills

Childcare Portfolio

$98 million

Six Commercial Assets

Burgess Rawson

$30.35 million

Convenience Retail

P: APN Funds Management

$24.4 million

QLD

DESCRIPTION

VENDOR/PURCHASER

AGENCY

SALE $

V: Lendlease managed Australian Prime Property Fund Retail / P: Vicinity Centres

CBRE's Simon Rooney and Sam McVay with McVay Real Estate's Dan McVay

50% interest in Harbour Town Gold Coast

A premium direct factory outlet with a total GLA of approximately 55,000 sqm

$358 million

50% stake in the Gold Coast’s Runaway Bay Shopping Centre

P: Greenpool Capital in partnership with Qualitas

42,862sqm sub regional centre

CBRE’s Simon Rooney

$128 million

Two floors; tenanted by Good Life Health Club gym, a GP clinic, serviced offices and a Bank of Queensland Citiswich Business Park at Bundamba; a 2-Ha tract in Yatala; and finally 3.1 Ha site with a warehouse and hardstand facility leased to Besix Watpac in Hemmant 2,433sqm landholding with 4 storey office building - suiting redevelopment with a 30-storey height limit (STCA) Open format neighbourhood shopping centre anchored by a 2,754sqm Woolworths and 7 specialty shops, with a total GFA of 3,354sqm Australia Post site secured by a long 10-year lease. BWS site secured on a five-year lease. Ribs & Rumps investment.

Highpoint Wellness Hub in Brisbane’s Ashgrove

V: Aviator Capital / P: Elanor Investors Group

JLL’s Elliott O’Shea and Seb Turnbull

$51.9 million

Three Brisbane industrial sites

P: Arrow Capital Partners

$50 million

Colliers’ agents Adam Rubie, Brendan Hogan and Hunter Higgins

V: Land & Homes group / P: A private local owner occupier

203-207 Wharf Street, Spring Hill

$19.5 million

Sarina Village Shopping Centre

P: MPG Funds Management

Savills Australia’s Peter Tyson

$13 million

P: Separate private investors from Sydney and Melbourne

CBRE’s Josh Scapolan and Sebastian Fahey

55 Railway Terrace, Milton

$10.12 million

Ray White Commercial’s Lachlan O’Keeffe and Michael Feltoe

Freestanding IGA supermarket was underpinned by a brand new 15-year lease

$6.9 million

Tugun Beach IGA

Two-level hotel complex featuring a main bar, sports and Keno bar and gaming room together with a drive-through BWS bottle shop

Savills Australia’s Leon Alaban and Michael Harcourt

ALH Group-leased Imperial Hotel located in Beenleigh

$6.618 million

P: Charter Hall

Ray White’s Harry Egan and James Balfour Ray White Special Projects’ Matthew Fritzsche and Andrew Burke

$3.7 million

142 Mica Street, Carole Park

Fully leased to PR Polymers

Development approved for a four-lot subdivision with freehold title houses

$2.41 million

50 Bess Street, Windsor

Lot 7 in the ‘Regatta Lake’ development at 4-6 Innovation Parkway, Birtinya

Savills Australia’s Jason O’Meara

A full-floor commercial office strata in the Kawana Business Village

$1.9 million

P: Campbell Construction

WA

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

V: Buckeridge Group of Companies / P: Aspen Capital

Per th

17 apartment blocks; 514 dwellings

$52 million

The buyers intend to use the site to build a complex providing primary healthcare services for the local community

V: City of Canning / P: Local not-for- profit organisation

Ray White Commercial’s Enrique Reyes and Chris Matthews

1136 Albany Highway, Bentley

$2.7 million

Two back-to-back proper ties in Bibra Lakes’ premium industrial precinct

Ray White Commercial’s Enrique Reyes

$1.95 million & $1.85 million

46 Discovery Way & 36 Sustainable Avenue

P: Sold to two separate buyers

ACT

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

12-storey, 40,201sqm tower on a 1.2 acre landholding sold fully leased to Department of Employment and Education and Australian Electoral Commission

V: Mirae Asset Global Investments / P: Partnership between Charter Hall and GIC

50 Marcus Clarke Street, Canberra

CBRE’s Michael Andrews and Nic Purdue

$300 million

04

The Property Development Review

NSW

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

Total 13.8 Ha; includes 21,795sqm distribution centre plus 9.865 Ha site set for a e-commerce and last mile logistics hub Total landholding of 7.6 hectares and contains 29,600sqm of warehousing 30 Ha of vacant industrial that will provide circa 150,000sqm of industrial space DA-approved Luigi Rosselli Architects-designed mixed-use building featuring 18 apartments, including three penthouses

Industrial sites near Sydney’s Kingsford Smith Airport in Mascot

P: LOGOS in partnership with AustralianSuper

$802 million

Colliers

V: Toplace / P: Goodman Australia Industrial Partnership

15, 17 and 19 Berry Street, Clyde

$140 million

113-153 Aldington Road, Kemps Creek

Colliers’ David Hall, Fab Dalfonso, Phillip Bradac and Jock Tyson

P: Dexus

$123 million

1st City Real Estate Group’s Brad Caldwell-Eyles

19-27 Cross Street, Double Bay

P: Top Spring Australia

$94 million

P: Dexus and its managed Industria REIT

112 Church Street, Moorebank

Plans for a 34,000sqm logistics park

$44 million

10,999sqm Bunnings Warehouse on a prominent 29,832sqm site area

P: A Victorian syndicate led by The Lowe Group

Colliers’ James Wilson and Alex James-Elliott Ray White Commercial’s Peter Vines and Joseph Assaf Savills Australia’s Andrew Palmer, Ollie Ridley, Steven Lerche and Nick Lower.

Kempsey

$28.55 million

287-291 King Street, Newtown

A historic mixed-use building sold fully leased

P: Local investor

$13 million

DA approval for a multi-storey mixed-use development comprising ground floor retail and 219 residential apartments 600sqm corner site set to turn into a new medical precinct

280 Mann Street & 290-300 Mann Street, Gosford

P: Two Sydney-based developers

$12.1 million

V: The Isaac family / P: Private purchaser

670-672 Darling Street, Rozelle

Colliers’ James Cowan

$8.2 million

1.14-Ha property occupied by 14 tenants returning an annual total income of $436,839

Colliers’ Tim Woolf and Luke Rutledge CBRE’s Andrew Sukkar, Leo Guzman and Alex Mirzaian CBRE’s Andrew Sukkar and Fabio Screpis

5 Walker Street, Warners Bay

P: EG

$7.82 million

7,092sqm of R2 Low Density Residential zoned land

310 Fourth Avenue, Austral

$4.8 million

57-73 Campbell Street, Luddenham 4.42 Ha landholding within the newly-gazetted Agribusiness Precinct

P: Gulli Foods

Undisclosed

VIC

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

Gill Property’s Graham Hemingway and Stephen Bolton Biggin & Scott Land’s Andrew Egan and Callum Williamson Stonebridge Property Group’s Justin Dowers, Kevin Tong and Philip Gartland

800 Derrimut Road, Tarneit

Permit for a 417-lot subdivision

V: New Sky Group / P: Satterley

$54.68 million

1480 Mickleham Road, Craigieburn Plans for a 200-lot retirement village and serviced and dementia care apartments

P: NZ’s Summerset Group

$30 million

200-230 James Mirams Drive, Roxburgh Park

Newly built Woolworths shopping centre

V: Woolworths / P: Local Investor

$27.7 million

391 Maroondah Highway, Ringwood

V: Coopersmith Group / P: Operators of Ringwood Mazda

Ringwood Mazda dealership site

CBRE’s David Aiello

$15 million

75 single-bed rooms across three levels; vacant possession

CBRE’s Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat Teska Carson’s George Takis and Michael Ludski, in conjunction with JLL

14-24 Pearl Street, Northcote

$11 million

1213-1217 High Street, Armadale

Two level, 674sqm building on a 548sqm site

P: Melbourne investor

$10 million

Two-storey medical centre; GP, dental, pathology and allied health services which all cater to a substantial community catchment

14 Board Oak Drive, Cranbourne East

CBRE’s Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat

$3 million

401 High Street, Ashburton

Retail strip property leased to the Salvation Army

P: Melbourne investor

Teska Carson’s George Takis

$1.035 million

Colliers’ Hamish Burgess, Trent Hobart and Joe Kairouz

52 Golf Road in Oakleigh South

Approved development plan for 83 dwellings

P: Summerset

Undisclosed

25.75-hectare landholding set to yield close to 300 lots. The estate will encompass a total of 550 lots, with 250 have already been sold, constructed and settled.

Core Projects’ Kane Malcomson, Chris Jabs, and Trent Malcomson

Mystique Estate in Wollert

P: Peet Limited

Undisclosed

SA

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

Netley Commercial Park; 300 Richmond Road, on a 13.47-hectare landholding. Gepps Cross; 27-35 Matthews Road.

Two government backed industrial investments

P: Charter hall

$102 million

Knight Frank’s Jack Dyson and Guy Bennett Colliers’ Paul van Reesema and Alistair Mackie with CBRE’s Ian Thomas and Alistair Laycock

502-520 South Road, Kurralta Park

Adelaide’s Tennyson Centre

P: Vital Healthcare Property Trust

$92.75 million

Commonwealth Bank building in Adelaide’s CBD

100 King William Street; 18,555sqm over 17 floors

V: Bob Maidment / P: Quintessential Equity

$71.5 million

TAS

DESCRIPTION

VENDOR / PURCHASER

AGENCY

SALE $

CBRE’s Mark Granter, Kiran Pillai, Michael Simpson and Stuart McCann

7,322sqm site comprised of several former government buildings

Parliament Square in Hobar t

P: Spirit Super

$300 million

05

Women in Property & Business

Adriana Zuccala Managing Director - Supra Capital

Adriana is a qualified lawyerwith all-embracing experience in finance, property and legal sectors. Through Supra Capital she has facilitated numerous large-scale mortgage and property development funding to many high-profile investors and developers. Adriana’s intrinsic commercial property knowledge brands her as stand-out in her profession. Listen to the full interviewnow.

Scan to listen to The Interview

20'

Click play to listen to The Interview with Adriana Zuccala in full.

Felicity Emmett Senior Economist - ANZ Bank

Withmore than twenty years’ experience as an economist in financialmarkets, Felicity’s role at ANZBank involves detail analysis and forecasting of keyAustralian economic indicators, in addition to economic research Felicity publishes regular economic reports and is frequently sought-after by media outlets. Listen to the full interviewnow.

Scan to listen to The Interview

35'

Click play to listen to The Interview with Felicity Emmett in full.

06

The Interview: Paul Constantinou AM

The Property Development Review

Paul Constantinou AM Chairman, C&D Capital & Founder of Quest Apartments and Hotels

As founder of Quest Apartments andHotels, Paul is regarded as an absolute doyen of the hospitality industry. He opened his first Quest Apartment Hotel in in Fitzroy, Melbourne, in 1988 quickly followed by many more. Given his extensive career achievements, Paul has been bestowed with a Member of the Order of Australia (AM) award in addition to induction as an Australian Franchise Hall of Fame member.

Watch the full interviewnow.

Scan to watch The Interview

50'

Click play to watch The Interview with Paul Constantinou AM in full.

07

Article

Commercial Property Marketing Checklist 2022

Print media remains an expensive media placement for agents but be aware that leads coming via these placements can often be difficult to quantify or track due to their static nature. JLL Queensland senior executive of sales and investments Sam Byrne said his utlisation of CommercialReady had now meant a streamlined sales process while being opened up to a unique base of buyers. “With CommercialReady we get the same benefits of marketing to a national buyer base through other portals or static print media but with the added bonus of presenting to a base that is pre-qualified, in-the- know, with property portfolios and actively developing. “CommerialReady has a clear focus on building up their presence in the market and are making a concerted effort to become a trusted news and listing sources. “In the eyes of many within the property industry it is already one of the most reputable platforms and is the go-to place for ‘high-quality’ listings.” 3. Virtual tours and 3D property visualisation Virtual reality tours is a new and exciting technology being rolled out across the property industry. Virtual tours allow a potential buyer to view a property without having to

How does a commercial real estate agent cut through the noise to deliver a successful marketing campaign for a client heading into 2022? For traditionalists, sometimes the old ways can often be the best ways. However, agents looking to maximise their marketing budgets are now turning more to emerging technologies that are quickly establishing themselves as the differentiators. “Traditionally, we would use vendor paid advertising (VPA) and the more recognised real estate listings platforms,” Harcourts head of commercial sales and leasing Jared Johnson said. “It was of the upmost importance to ensure our listing descriptions, images and videos and marketing collateral were of the highest quality. “Now, we have taken a step forward and central to that strategy is CommercialReady—a listings platform that we are using due to its

new-age, cost effective approach. “It is now my personal preference.”

Unlike competing portals, CommercialReady provides agencies with a myriad of tools to sell a property and leverage the live data across its platform to deliver more than just pure enquiry through its built-in proprietary technology and features.

The independently owned Australian company leverages an established database of property investors as well as remaining proactive in adding to and improving its buyer base. The platform focuses specifically on showcasing commercial investment property for sale and its advanced search features and proprietary technologies support this investment focus. For progressive agents looking to generate a unique and deep pool of qualified leads, Commercial Ready is quickly becoming the go-to. Here are the “must haves” to ensure the roll out of a successful real estate marketing campaign heading into 2022

1. Photos, videos and listing description A clear, cohesive collection of photos and videos enables potential buyers to understand a property’s floor plan, scale, amenities and grade but can also make it stand out from the crowd. Similarly, copy and listing information will appear across a property marketing campaign so it is crucial it is produced to a high standard. 2. Signage and print advertising Despite the increased use of social media, databases and listing portals to sell property, installing physical signage outside a property, which might seem antiquated, still plays a crucial role in the real estate industry.

physically move—a particularly valuable piece of technology used throughout the pandemic and snap lockdowns. Interactive 3D Virtual Tours come included in CommercialReady’s premium Gold marketing package, and can also be optioned in other package types. Additional to virtual tours, CommercialReady are partnered with Inspace Stack, a property visualisation platform to host stunning 3D digital property ‘twins’ that agents can share across marketing channels and host virtual

08

The Property Development Review

Example Campaign R eport

7. A centralised data room CommercialReady is currently the only listing platform with fully integrated campaign data room technology, InstaDocs. InstaDocs allows commercial agents to attach a campaign data room directly to the property listing page, hosting and disseminating campaign relevant documentation, such as a contract of sale, building plans and permits, renders

inspections from anywhere at scale. The interactivity of the software is the next- generation in virtual property interaction and lead capture, and are now a part of CommercialReady’s offering. 4. Press releases, blogs and backlinks Press releases remain an important part of commercial real estate marketing plan, talking directly to established databases and audiences. The press release, though a traditional way for advertising a commercial property, remains an affordable and direct way to send a core message effectively. In addition, press releases can also get the attention of bloggers, journalists and reporters who can elevate a listing through media coverage. 5. Online listings

Price: EOI Contract: Sale Area: 1157 m² (*approx) Type: Retail, Petrol Station Tenanted Investment 10 Year Lease to Ampol Australia Management Pty Ltd

Property Enquiries

Impressions

Page Views

Messages

13,295

1,133

75

Calls

Print Clicks

Social Shares

6

34

24

and more, to prospective buyers. For many commercial agents the

Enquiries for this property

User Type

Date

From

Phone

Message

Company

BobWilson bwilson @ investco.com.au

Investco

24/05/2021

0400 000 000 Yield and price

Investor

data room is the perfect and modern alternative to a non-trackable download link, rerouting potential leads browsing a property on an alternate listing portal or

Jane Johnson jj @ internationalinvest .com

Int. Investors pty

Investor

25/05/2021

0400 000 000 Settlement terms?

Aidan Pierce apierce @ commprop .com .au

Private Investor

Investor

25/05/2021

0400 000 000 Expression of interests

social media platform to a centralised hub of information. “Its an incredibly smart piece of technology that allows me to funnel enquiry from other platforms and campaigns back to a centralised landing page,” Johnson said. “To have the access to a central data room, where I can place all the information on a property in one place, as well as the ability to track enquiries by seeing how long they are spending in the data room, is in my opinion, leagues in front of that the other listing platforms are offering right now.” 8. Powerful reporting systems CommercialReady provides in depth statistics on a campaign’s performance as well as detailed insights into the type of user interaction. Commercial property agents also have access to a central dashboard to attain all of this in real-time at their convenience. This can be incredibly useful to an agent when liaising with a client to present detailed analytics on where and how their asset is being marketed and the type of buyer it is attracting. 9. Ready-Pay Another important point of difference in the CommerialReady platform is it’s ‘buy now, pay later’ approach. Unlike competitor portals, its funding solution covers the costs of all marketing activity associated with their property campaign offering vendor’s the ability to pay their marketing fees upon settlement. 10. Plus much more... CommercialReady also provides up-to-date business and industry content

In recent times, Real Commercial, owned by REA Group; and Commercial Real Estate, owned by Domain; have been the go-to portals for commercial agents looking to bring a property to market. Whilst these two listing portals seem to be the default for commercial agents to advertise their campaign online, they’re very much the traditional classifieds style of portal that takes a mass market approach. “Our team has experienced over many years now, the benefit of advertising through the ReadyMedia platforms, and specifically CommercialReady,” Stonebridge Property Group partner Julian White said. “We have consistently found the quality of enquiry has been superior to other advertising outlets, which has assisted us in achieving better results for our vendors.” 6. Social media, campaign management and creative services Agencies have become more in tune with social media—leveraging established and emerging platforms offering a wide variety of ad types, targeting tools and management systems. In order to enhance the visibility of its clients’ property campaigns, at no extra cost, retargeting and lead generation is central to CommercialReady’s social media management offering. The service, managed completely in-house, uses industry leading media production and social media marketing strategies to drive maximum buyer engagement through strategic retargeting. “CommercialReady has exposed us our listings to people we have never dealt with before,” Ray White head of retail investment sales Lachlan O’Keeffe said. “It provides us with fresh pool of enquiry which I would put down to the very unique way in which they approach social media. “We pay close attention and track closely the platforms we use during a marketing campaign and CommercialReady continues to deliver high-quality and unique enquires that reiterates to us and to our clients that we are getting ‘bang for our buck’.” Agents also have direct access to creative services such as video production, marketing collateral and information memorandums, bespoke branding, copywriting, and much more.

covering the latest activity, exclusive insights as well as interviews and podcasts with thought leaders from across Australia’s commercial real estate landscape. To learn more about Commercial Ready’s range of flexible listing packages, click here.

The Urban Developer is proud to partner with CommercialReady to deliver this article to you.

09

Property Listings

NATIONAL

F O R S T he Na t i ona l DEVE LOP

18 high prof ile sites for sale sep INCLU O N B E H A L F O

2,128 sqm*

9,125 sqm*

Lyneham, ACT

Windsor, NSW

2,363 sqm*

1,615 sqm*

Elizabeth East, SA

Kings Meadows, TAS

345 sqm*

25,390 sqm*

7,636 sqm*

Leeton

Milpara (Albany), WA

Portland, VIC

602 sqm*

789 sqm*

1,644 sqm*

Innisfail, QLD

Mount Gambier, SA

Elizabeth S

Julian White +61 422 764 137 jwhite@stonebridge.com.au VIC & NATIONAL ENQUIRY:

NSW & NATIONAL ENQUIRY: Lincoln Blackledge +61 408 780 772 lblackledge@stonebridge.com.au

10

Property Listings

NATIONAL

The Property Development Review

S A L E PMENT S I TE Por t f o l i o

arately, in groups or in-one-line UDING O F

3,477 sqm*

2,416 sqm*

Currimundi, QLD

Pennington, SA

2,850 sqm*

971 sqm*

Fitzroy North, VIC

Lakes Entrance, VIC

4,112 sqm*

10,680 sqm*

n, NSW

Wagga Wagga, NSW

Forbes, NSW

1,865 sqm*

5,677 sqm*

Cann River, VIC

Strathmerton, VIC

South, SA

*Approximately. Outlines indicative only.

SA ENQUIRY:

TAS ENQUIRY:

Simon Lambert +61 408 846 999 slambert@adl.mcgees.com.au

Nick Oliver +61 467 929 364 nick@naiharcourtsnorth.com.au

11

DevelopmentReady - Advertorial

X

Due diligence toolkit now available to all DevelopmentReady users

Ready Media Group has partially acquired and partnered with DistrictData to add due diligence tools directly within the property listing pages on DevelopmentReady.

Users can now undergo site feasibility as they browse & discover on-market opportunities.

The powerful DistrictData mapping tool is embedded in place of the typical location map, providing DevelopmentReady users with a plethora of site-specific due diligence information such as; Perimeter, Nearby Amenity, Zoning, Easements, Development Pipeline, Site Summary Reports, plus more can be discovered within the DevelopmentReady property listing page. The full features of the embedded map tool are currently available to property listings located within VIC, NSW& QLD (with a national roll-out in sight). Through the business partnership agreement, DistrictData has also opened many of its powerful features to free user accounts, giving mass access to market intelligence - create your free account today at districtdata.com.au/register. Furthermore, users now also have the ability to search DevelopmentReady property listings in map view via the DistrictData portal. For broader market research, users can directly enter the DistrictData portal (DistrictData.com.au) to discover Suburb Demographics, Market Price Information, High-Resolution Imagery, In-Depth Due Diligence Reports, and more.

For further information about this newand exciting feature, contact us at info@developmentready.com.au or call your accountmanager directly.

12

The Property Development Review

New DistrictData map & reporting tool on DevelopmentReady listings

Map & reporting tool location on listing page

Map search for DevelopmentReady listings on DistrictData

13

Market Overview - NSW

NSW Market Overview from Alex Mirzaian CBREWestern Sydney Q. What are the key market trends occurring throughout 2021 in your region?

A. Property owners are viewing this market at present to be at the top of the cycle. We are seeing investors and developers who we thought would never sell, transacting at record prices. The commercial decision to sell in todays market is reaping profits far greater than developing or repositioning assets, however, the opportunity cost of the money remains uncertain given low stock levels and the highly competitive sellers’ market. Medical, childcare and places of worship requirements emerging as we surface from lockdown, and its evident these groups are nowmore than ever competitive given a lot of the Asian markets’ capital influence has left the West. Q. What have the been the fundamental drivers of demand amongst buyers? A. Lower than normal listings in the marketplace are underpinned by low interest rates that is driving capital into faster turn over development opportunities. With the lowest ever development approvals, planning continues to cause delays combined with land values surging, many developers are seeing profits in the prospect of trading out rather than delivering. The private client space is seeking superfund opportunities with low returns in banks, crossed with huge demand across urban re- lease land influencing both the commercial and residential development markets into record territory. Q. Reflecting on recent transactions, what has been the profile of buyers and has this shifted from previous years? A. New lines of local capital, developers backed by institutional opportunity funds has given financial confidence a doorway to profits, being driven by the demand for housing. With reflection on our market’s transactions, it is obvious the market is steered to the low to medium density development. We are starting to see that sentiment shift buyers away from passive long term capital growth opportunities into Devel- opment approved shovel ready projects, more so now than ever with building regulations tighteningWestern Sydney developers are wanting to keep their trades and building teams together be able to roll into the next job. Q. What types of assets are most in-demand given the current environment? Low to medium density opportunities and approved residential apartment sites in good locations, subdivision sites have been by far the most sought after, even across greater NSW including regional markets. This has stemmed from the building industry changes and the sentimental shift from apartment living to home and land being catered for in new release areas in the South West of Sydney bringing affordability and alternative options for buyers to the market. Q. How would evaluate the impact of the past eighteen months in your local market? A. The Western Sydney development and Investment market has experienced little to no impact from covid surprisingly, given these were

the areas of highest concern during lockdown. First quarter of 2021 had extremely strong sentiment from buyers, and even during lockdown periods we found developers to be more focused on sourcing projects as construction was on hold. Assets with holding income and development approvals supported by developers funding partners opened the prospect of future investment. We have seen new entrants with unique medical, childcare, and special use projects emerge following C19 trends. Q. What are your expectations for the commercial property market over the next twelve months? A. There are signs that price and lending growth is attracting the attention of regulators with some formof reforms of and intervention looming in 2022. High debt-loans likely to be the first target, it is inevitable that there will be some slow down in the growth pressures over the course of Q4 2021 and into the first half of 2022 and although the fundamentals in the market remain positive this growth rate cannot be sustained. Median house prices up $1.41m and commercial yields at record lows seeing deals done in the sub 3.5% commercial investments with development upside. B. Supply levels will remain key; whilst we continue to see the roll off effect of the housing stimulus boosting detached homes, the long lead in times for apartment approvals and off the plan sales rates will provide only modest level of supply over next year. Immigration talk may accompany another spike in the affordable apartment markets in Western Sydney given the price gap between apartments and house prices. Q. Talk us through the most significant deals you have transacted thus far in 2021. First half of 2021, transacted over $300,000,000 of deals across South Central and North West markets Various asset types, from freehold investments with upside, to large scale DA approved apartments and housing sites in growth centres. Extremely strong Q3 2021 with over $190,000,00 of transactions across 25 deals specifically in Western Sydney. Very proud of the team and extremely lucky to be surrounded by a very talented group of salespeople. Few notable transactions of 2021 are as follow: A. Clydesdale Estate in Marden Park $70,000,000 + sold from BHL to Stockland in the first quarter of 2021 B. Sale two apartment projects and large 121 lot housing site in Pemulwuy, the formally known Boral site totalling $100,000,000 across three deals. C. Landcom Epping Project - Transacted to Dasco constructions 450+ apartment development (State significant development project) driven and represented on behalf of Transport NSW and Sydney Metro.

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NSW Lis t ings

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Property Listings

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The Property Development Review

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Property Listings

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The Property Development Review

next subdivision

‘Paddington’, 74-74a Tallawong Road, Rouse Hill, NSW 2155

Land Subdivision Opportunity Highly Sought-After Medium Density Infill Site

DA lodged for a 65 lot subdivision STCA

This is your opportunity to secure a prime in-fill development site just 3 minutes’ walk from Tallawong Metro Station and only minutes’ drive from Rouse Hill Town Centre, Santa Sophia Catholic College, the upcoming Rouse Hill Public Hospital, Sydney Business Park, and the epicentre of business in northwest Sydney - Norwest Business Park.

Substantial 20,200 sqm* (5 acre*) land

Development Highlights:

+ 600 metres from Tallawong Metro Station + DA lodged for a 65 lot subdivision (including home designs) using highly experienced team by 15 October 2021 + Substantial 20,200 sqm* (5 acre*) land parcel + Zoned R3 - 12 metre height (4 storey apartments allowed) + 100% serviced & development ready + Delayed settlement available

100% serviced & development ready

Richard Ellis 0416 072 444 Anthony Bray 0419 322 233 Yosh Mendis 0434 413 188

For Sale by Public Auction on Friday November 5th, 2021

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Property Listings

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next redevelopment

135-137 Tuggerah Parade, Long Jetty, NSW 2261

Landmark Investment + Redevelopment Potential (STCA)

Directly opposite Tuggerah Lake & jetty

This is your opportunity to secure 135-137 Tuggerah Parade, Long Jetty, set over two parcels of premium waterfront land.

Featuring multiple freehold titles and street frontages, the B2 Local Centre and R2 Low Density Residential benefits from near level topography with a very slight rise to the southeast. This slight elevation provides a much sought after north west aspect over the lake. The property is currently operating as a cabin and caravan park combining 33 cabins known as Paradise Park Cabins. The continuation of the business prior DA will provide consistent holding income for developers or an operator to continue its current use.

Large site 4,562 sqm*

Property Highlights:

3 street frontages across 2 land parcels

+ Large site 4,562 sqm* directly opposite Tuggerah Lake & jetty + 3 street frontages across 2 land parcels + Ability to stage a significant development + Proximity to Central Coast beaches Toowoon Bay, Blue Bay, Shelley Beach and The Entrance (all within 2km*) + Located in a tightly held strong market

For Sale - EOI closing Thursday November 11th, 2021

Richard Ellis 0416 072 444

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The Property Development Review

next development

562-576 Harris Street, Ultimo NSW Auction 16 November 2021

Highly sought after location

Zoned B4 Mixed use

Corner site of 769sqm

RARE SITE - HIGH PROFILE LOCATION

+ Minutes stroll to Haymarket & Sydney’s education precinct + Strategic corner site – 769 sqm (approx) + Ideally suited for boutique hotel, student accommodation, residential (STCA) + Three street frontages + Offered with short term lease + Opposite $500 million Powerhouse Museum upgrade

Charles Gonzalez 0412 279 588 Anthony Bray 0419 322 233

SIGNIFICANT LAND HOLDING ADJOINING PICTON TOWNSHIP NSW, Picton: Lot 100 Eliza Place FOR SALE

STRATEGIC LAND BANKING OPPORTUNITY + Large land holding of 6.86 hectares* or 16.95 acres* + Adjoins the urban area of Picton and within walking distance of Picton Mall and strip shopping centre + RU2 Rural Landscape zoning, which permits an array of possible uses AUCTION ON TUESDAY, 2 NOVEMBER 2021 AT 10:30AM AT AUCTIONWORKS + Moments from Picton Town Centre offering shops, schools, medical centres and transport + Situated in the thriving South West Growth Area surrounded by upcoming infrastructure + Proximity to existing infrastructure including The Hume Highway (10mins*) & Sydney Airport (1hr*) + Set to benefit from the Wollondilly Local Strategic Planning & Greater Macarthur Growth Area

AUCTION 02 /1 1 /2021

+61 4 32 082 628 ANDREW SUKKAR +61 4 20 412 047 LEO GUZMAN

BEN WICKS +61 4 22 206 015

cbre.com.au/properties

*approx

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Property Listings

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FOR SALE

EXISTING OFFICE IMPROVEMENTS

OCCUPY, INVEST, DEVELOP! NSW, Castle Hill: 325 Old Northern Road

+ Site Area: 781sqm* + Building Floor Area: 171sqm* + Existing consultant office with potential for up to 20 on-site parking spaces + Suitable for medical, professional, business and childcare uses + R4-High Density Residential Zoning allowing for a future highrise development (STCA) (Castle Hill Station Structure Plan)

ON-SITE AND ONLINE PUBLIC AUCTION ON FRIDAY 12TH OF NOVEMBER 2021 AT 12:00PM

LORD DARKOH 0434 675 724 ALEX MIRZAIAN 0400 523 523

RAYMOND AHSAN 0402 270 888

Outline and labels indicative

cbre.com.au/properties

*approx

MIXED-USE, MULTI-TENANTED FREEHOLD INVESTMENT NSW, Eastwood: 2 Corunna Road FOR SALE

SECURE INVESTMENT WITH DIVERSE INCOME STREAMS + Five ground floor retail shops, four 2 & 3 bedroom apartments & signage + First time offered in 40 years + Prominent 669sqm* corner allotment, with 737sqm* of NLA + Unrivalled street exposure to 5-way intersection + Rear access for deliveries + 5 car spaces + Long standing tenants. No loss of income during the COVID-19 pandemic + Strong value add potential + Strata sub-division opportunities (STCA) + B1 Neighbourhood zoning

AUCTION 26/10/2021

AUCTION ON TUESDAY, 26 OCTOBER 2021 AT 10:30AM AT AUCTIONWORKS

+61 4 00 523 523 ALEX MIRZAIAN +61 4 34 675 724 LORD DARKOH

+61 4 02 270 888 RAYMOND AHSAN

cbre.com.au/properties

*approx

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Property Listings

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The Property Development Review

LOW DENSITY HOUSE & LAND DEVELOPMENT SITE NSW, Austral : 95 Gurner Avenue FOR SALE

SUBSTANTIAL VALUE-ADD SUBDIVISION SITE

+ Substantial footprint of 31,700sqm* | 3.17ha* + Concept plans for 82 torrens title lots (STCA) + Efficient development with 21.3% internal road network

EOI 11 /1 1 /2021

+ Net Saleable Area: 24,947.9sqm* + In prioitised sewer catchment zone + To benefit from a proposed local

EXPRESSIONS OF INTEREST CLOSING THURSDAY 11 NOVEMBER 2021 AT 4:00PM neighbourhood village development adjacent to the site, proposed Fifteenth Avenue Smart Transit linking Liverpool CBD to Western Sydney Airport & Al-Faisal College (K-12) + Proximity to West Hoxton IGA and Carnes Hill Shopping Centre

+61 4 32 082 628 ANDREW SUKKAR +61 4 00 523 523 ALEX MIRZAIAN

LEO GUZMAN +61 4 20 412 047

cbre.com.au/properties

*approx

RESIDENTIAL DEVELOPMENT SITE NSW, Austral : 175 Eleventh Avenue FOR SALE

VALUE-ADD SITE IN SOUTH WEST GROWTH AREA + Substantial site area of 4,059sqm* + Potential to yield 12 Torrens Title Lots (STCA) + R2 Low Density Residential Zoning + Located moments from public transport, making it easily accessible to Bringelly Road and Liverpool CBD + Proximity to the upcoming Western Sydney Airport, due to open in 2026 + Cost efficient layout plan with no internal road requirement + Improved with Duplex Home providing long term income stream

AUCTION 29 /1 0 /2021

PUBLIC AUCTION ON FRIDAY 29 OCTOBER AT 3:00PM AT AUCTIONWORKS

+61 4 32 082 628 ANDREW SUKKAR +61 4 00 523 523 ALEX MIRZAIAN

LEO GUZMAN +61 4 20 412 047

cbre.com.au/properties

*approx

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Property Listings

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10 Denison Street, Bondi Junction

Land area 316m 2

Floor area 1580m 2

Zoning B4 Mixed Use

Tenture type Vacant Possession

DAApproved Development Site Zoned B4Mixed-Use •Zoned B4mixed-use property on substantial 316sqmblock •DA approval for a brand new residential and retail development •Features street level mix of commercial residential suites •FSR 5:1, 38mheight limit, heart of buzzing Bondi Junction •Superb potential for incoming investors, downsizers, families •Scope for numerous business, creative, commercial endeavours •Easy access to shopping, public transport, Centennial Park •Close to prestigious schools, iconic Bondi Beach and the CBD

Auction

James Nixon 0415 889 284

t

1,2,3/3 Yarranabbe Road, Darling Point

Land area 462m 2

Tenture type Vacant Possession

Eastern Suburbs Development Site •462sqm (approx.) land, wide frontage, large rear garden •Building of 3x 151sqm (approx.) apartments

•Strata title block of 3 x whole-floor apartments with views •Ground level apartment with 3 bedrooms, 2 bathrooms •First level apartment with 2 bedrooms and 2 bathrooms •Top level apartment with 2 bedrooms, 2 bathrooms, roof terrace •Development opportunity in elite harbourside location •Gun barrel views to Harbour Bridge, Opera House and North Sydney •Versatile options include newapartment complex STCA

Auction Tuesday 26th October 2021

James Nixon 0415 889 284 Samuel Schumann 0407 986 886

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The Property Development Review

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483 - 485 President Avenue, Kirrawee

Land area 1352m 2

Floor area 1622m 2

Tenture type Vacant Possession

R3 Zoned Development Site (STCA) •Rare offering of 2 x houses in one line opportunity to acquire further •Total land size of 1,352.4 sqm (approx.) •R3 Zonedmediumdensity 1.2:1 FSR& 16metre Height limit •Currently two freestanding three bedroomhomes with income •Close to local schools, day-care and hospitals •1.3 km toWestfieldMiranda, 1.8km toMiranda train station and 500m to nearest bus stop (approx.) •A35minute drive to SydneyCBD, 10mins to Cronulla’s beaches (approx.) • Concept Plans Available on request

Auction

James Nixon 0415 889 284 Samuel Schumann 0407 986 886

4-22

S U R R Y H I L L S Wentworth AVENUE

Rare 1,219m 2* site with three street frontages

Class 1 planning proposal approved for hotel, restaurant & end of trip facilities or mixed use development under B4 zoning

Immediate cash flow with strong rental upside

Existing hotel with over 40 guest rooms & suites, 2 nightclubs, 2 restaurant licenses, commercial office buildings and existing use rights wall signage

*Outline indicative only

Expressions of Interest closing on Thursday, 11th November 2021

5 Freehold Buildings with Approved Planning Proposal

Andrew Langsford 0 422 577 415

Steffan Ippolito 0 403 347 111

James Aroney 0 408 245 554

James Nixon 0 415 889 284

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Property Listings

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BLUE CHIPDEVELOPMENT SITE INKINGSCLIFF

140 Marine Parade, Kingscliff, NSW, 2487

• DUAL STREET FRONTAGE WITH OCEAN VIEWS • OFFERS CLOSING SOON - GUIDE $6.25m - $6.50m A very rare opportunity exists to purchase this whole site, including existing buildings on 1488m2 of land, right in the heart of Kingscliff. The R3 Medium Density zoning allows for a residential apartment development with a mix of commercial building. (Subject to council approval) There are very few vacant land sites left & this is arguably one of the best pieces of real estate in Kingscliff. With dual street access to both Marine Parade & Pearl Street, there are both ocean & mountain views. The option is to develop the site

under the Council guidelines below, or land bank for future growth. With limited land availability, increased infrastructure including the new Tweed Valley Hospital & various road upgrades, this presents as an excellent & very rare investment opportunity. The Tweed Shire Council Guidelines, subject to buyer due diligence are: - Height from ground - 13.6m - Side setbacks - 1.5m High density - Zoning - R3 Medium Density - Front and rear setbacks - 6 meters - Underground parking acceptable with DA - Commercial usage - under existing/past usage

* approx.

PLEASE CONTACT NICKWITHERIFF on 0405 618 477 OR PETA HUNT ON 0433 918 079 FORMORE INFORMATION.

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