Issue 29 | The Property Development Review






The best commercial and development opportunities in Australia.

Industry interviews with the industry’s true thought-leaders.

Unique perspectives from the deal-makers on the ground.

The Property Development Review

From the CEO

Welcome to the first 2022 issue of The Property Development Review. I’m sure everyone has enjoyed a relaxing break. 2022 brings great levels of expectations. 2021 unquestionably weathered all businesses in terms of adapting to lockdowns. Nevertheless, every new year creates the positivity of optimism, and the Ready Media Group is well resourced to continue servicing and supporting our valued clients during the big year ahead. Our Newly Upgraded CommercialReady Website is Now Live. With the latest round of new design and technology enhancements complete, we firmly believe that the CommercialReady portal is now the most sophisticated, and all-inclusive destination for agents selling commercial investment opportunities – please check it out and we welcome your feedback. Welcome Scott Bremner to the RMG Team. Our growing team continues to expand with the recent important appointment of highly respected industry identity and all-round good guy Scott Bremner. Scott joins our team in the capacity of Chief Customer Officer. Recognised for his client centric business approach, Scott’s focus is to ensure that RMG delivers real value for all clients. The Interviews In this issue, Rob Langton’s renowned high profile interview series, features a great entourage of business leaders. Firstly, Salta Properties’ Tarascio Family – Salvatore and Sam, Founder and Managing Director, respectively. This remarkable family business boasts a 50-year history of successful diversification and growth. Phil Clark AO, SCA Property Group, Chairman, a true business world doyen with an executive career extending across a range of disciplines, including law, investment banking, corporate advisory and the public-sector. Phil Pearce, ESR Australia, CEO. Phil’s possesses innate knowledge and expertise of the commercial property sector both domestically and internationally. TimSims AM - Co-Founder &Managing Director of Pacific Equity Partners. Tim’s business is globally recognised as a leader in the field of private equity with over $7.1b of assets under management. The newest development sites for sale, state markets overviews plus the most recent transacted commercial properties Australia- wide are all included. Nick Headshot - TPDR Intr Page

Enjoy the read and importantly keep well. Best Regards

Nick Materia, CEO, Ready Media Group

Design & Direction Nespecart Advertising Enquiries Ted Lloyd

Editorial Enquiries

Contact TPDR Ready Media Group Level 1,

Tel. 03 9631 5476

On The Cover Titus Aparici via Unsplash

Editor in Chief Frank Materia,

167-169 Buckhurst Street, South Melbourne VIC 3205

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We’re the commercial investment property platform that keeps investors and agents on the same page, for once. Here you’ll find smart technology, enhanced listings, and plenty of off-street parking. And while we may be the new kids on the block, we know all the old tricks —which is why we never use them. If you’re an investor , we help you skip the scroll with our granular search tool, displaying your ideal investment with only a few clicks. Plus due diligence tools, yield calculators, property summary reports, and floor-to-ceiling windows, of course. If you’re an agent , we help you skip the small talk with our in-house media capabilities to enhance your campaign’s vi s ibility and put it in front of interested buyers. Not to mention our data-room capability helps you track your listings, seeking engagement in real-time. Whichever side of the wall you’re on, we make investing in commercial property easier, clearer, and personal. It’s about time someone did.

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The Property Development Review

Inside Issue 29

The Interview

Coming Soon

Salta Properties 7

Patricia Ilhan Property Investor

Salvatore & Sam Tarascio

Phil Pearce CEO, ESR Australia 24

Emma Woodhouse Salta

NSW Property Listings 09 VIC Property Listings 27 QLD Property Listings 45 SA Property Listings 59 WA Property Listings 64


Phil Clark AO Chairman, SCA Property Group


Tim Sims AM Founding Partner, Pacific Equity Partners


Market Moves: Around the Country





Six last-mile logistics assets in Melbourne, Sydney and Brisbane

Logistics por t folio

P: Centuria Industrial REIT

$132.4 million





V: 50/50 SAS Trustee Corporation of NSW’s State Super and Brookfield’s Linx Cargo Care Group P: 49/51 Palisade Investment Partners and Spirit Super

The Port of Geelong is the second largest port in Victoria and sixth largest in the nation

Port of Geelong

$1.2 billion


RPM’s Christian Ranieri and Zaynoun Melham

1240 Mickleham Road, Greenvale 29.06 Ha landholding with potential to yield circa 400 housing lots

P: Jinding

$90 million

Well-presented, 11-storey building. WeWork, who occupied 10 storeys, broke its lease in late-2021

Colliers’ Daniel Wolman, Matt Stagg, Oliver Hay and Leon Ma

V: Impact Investment Group P: Yong Quek

401 Collins Street, Melbourne

$70 million

CBRE’s Kiran Pillai, Scott McGlone and Hugh Thomson with Cushman & Wakefield’s Leigh Melbourne, Nick Rathgeber, Mark Hanson and Josh Cullen CBRE’s Chris O’Brien, Ben Hegerty and Andrew Bell Core Projects’ Kane Malcomson, Chris Jabs and Trent Malcomson Colliers’ Peter Bremner, Rachael Clohesy and Alex Browne, in conjunction with Teska Carson’s Adrian Boutsakis and Luke Bisset

V: Terraplex P: Rathdrum Properties

570 St Kilda Road, Melbourne

An eight storey investment

$67.6 million

Shepparton food processing plant and distribution centre

V: SPC P: Charter Hall

$66 million (off-market)

30-year leaseback

PSP approved 28.17 Ha residential development site

65 Bodycoats Road, Wollert

P: Jinding

$43 million

V: Roche Holdings P: Rathdrum

2-6 Gwynne Street, Cremorne

A recently completed seven level office

$41.5 million

Iconic 8,270sqm riverside property the Maribyrnong’s Anglers Tavern

V: The Scerri family P: EG

2 Raleigh Road, Maribyrnong

$23.33 million

38-40 & 42-54 Burnt Street, Nunawading

two titles with the 50 x 60’s / 70’s units and flats returning $525,000 pa

CVA’s Ian Angelico, Daniel Philip and Stan Dawidowski Colliers’ Ted Dwyer, Raphael Favas and George Davies with Knight Frank’s Matthew Romanin and Nick Bissett

$13.8 million

Two strata offices within the Yarraberg Workspaces complex

43-57 Blazey Street, Richmond

V: MAB Corporation

$13.2 million

$12 million (off-market)

V: George Petsinis P: Ozzie Kheir of ResiMax V: A private family P: A Melbourne based investor

Bracken Hall Commercial’s Ed Wright

127-179 Balmer Grange, Brookfield 12.8 Ha of Urban Growth Zone land.

2.46 Ha of land set for residential subdivision of approximately 35- 40 lots

$8.5 million

CVA’s Daniel Philip

353-355 Centre Road, Berwick

Teska Carson’s Reece Israel and Michael Ludski

$2.645 million

555B Chapel Street, South Yarra

A boutique retail/office space

P: A local investor

$2.3 million (off-market)

An industrial facility within the popular ‘Merrindale Estate

2 Sigma Drive, Croydon South

P: An owner-occupier

CVA’s Stan Dawidowski and Ian Angelico





William Grenfell Centre; the 12-storey, 8,373sqm asset is set to undergo a $30 million refurbishment

V: Southern Cross Equity Group / P: Pelligra

Knight Frank’s Oliver Totani and Guy Bennett with Savills’ Rino Carpinelli and Ryan Mills

80 King William Street, Adelaide

$25.5 million





Healthcare asset sold with a new 10-year lease to a new tenant

V: A private investor P: Barwon Investment Partners

114 Spencer Street, Bunbury

$4.1 million

Ray White Commercial’s Brett Wilkins

Ray White Commercial’s Chris Matthews and Martin Vogt

71 Division Street, Welshpool

A functional warehouse and office facility

$3.15 million





A multi-faceted essential services investment; petrol station, childcare centre, gym, Hungry Jack’s restaurant and a showroom

P: A local high-net-worth investor

60 Jenke Circuit, Kambah

JLL’s Dylan McEvoy and Gordon McFadyen $18.1 million





Parliament Square mixed-use development in Hobar t

Landmark Salamanca Place project features a FJMT-designed office component of 17,300sqm

V: Trawalla Group P: Spirit Super

CBRE’s Mark Granter, Kiran Pillai and Michael Simpson

$330 million





The asset includes two freestanding cold storage facilities with WALE by income of 3.41 years

A fully-leased cold storage facility at the Wishar t industrial precinct

P: Sentinel Property Group

$7.4 million

Commercial Adelaide's Matthew Trim


The Property Development Review





Major convenience-based sub-regional shopping centre with GLA of 45,304sqm P: YFG Shopping Centres

$267 million (off-market)

Brisbane’s Strathpine Centre

CBRE’s Simon Rooney

West Village is a large mixed-use urban regeneration project, expanding over 2.6 hectares and is being developed by Sekisui House 215 Ha landholding zoned Urban Living projected to be able to suit circa 2,257 dwellings 13,892sqm subregional centre sold fully leased and above book value 50% share in 126-Ha project that will see close to 12,000 dwellings, 44,000sqm of retail and 58,000sqm of offices A 10-storey B-grade office sold with about 66% occupancy of the 7,606sqm NLA

The retail component of West Village in Brisbane

P: A partnership between GIC and Centuria Capital Group

JLL’s Sam Hatcher, Nick Willis and Jacob Swan

$202 million (off-market)

"Biggin & Scott Land’s Andrew Egan with Ray White’s Tony Williams, Mark Creevy and Andrew Burke

V: Peet Limited P: Frasers Property Australia

A housing estate site in New Beith

$80 million

V: Stockland and AMP Capital P: A syndicate

Coles Kmart Plaza in Townsville

$47.25 million


$3.4 billion Flagstone City development in Brisbane’s south

P: Peet Limited

$46.15 million


V: Sentinel P: Forza Capital

200 Creek Street, Brisbane

$41 million


V: Silverstone Developments P: A private Melbourne investor

Ray White Special Projects’ Andrew Burke and Morrison Projects Consulting’s Richard Morrison

215 Wharf Street, Spring Hill

Fully-leased 1,333sqm, three-storey building

$8.1 million

The neighbourhood shopping centre, anchored by a SUPA IGA and 11 specialties, was sold fully-leased

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

$7.75 million (off-market)

Mountain View Marketplace in Kirwan, Townsville

P: A Victorian investor

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

$7.2 million

The Russell Island Shopping Centre 1,943sqm building on a 5,950sqm site is fully- leased to seven tenants

P: A Queensland investor





V: Abu Dhabi Investment Authority P: Allianz Real Estate Investors and the National Pension Service of Korea V: CapitaLand Integrated Commercial Trust P: Nuveen and Singapore listed

1-25 Harbour Street, Darling Harbour, and presents 61,000sqm of GFA across two buildings

50% share (25% each) of the Darling Quarter complex

CBRE’s Flint Davidson, Stuart McCann and James Parry

$630 million

Colliers’ Adam Woodward, Lachlan MacGillivray and James Barber together with Knight Frank’s Ben Schubert and Tyler Talbot CBRE’s James Parry and Flint Davidson in conjunction with Cushman & Wakefield’s Josh Cullen and Mark Hansen

A 50% share of North Sydney’s Greenwood Plaza

Includes a 28-storey neighbouring office at 101-103 Miller Street

$422 million

13 level, A-Grade office tower on a 1,040sqm site

V: AEW P: Shayher Group

10 Barrack Street, Sydney

$199 million

16,500 Ha north-west NSW portfolio of land

The land once earmarked for a coal mine

V: P: 12 local farming families CBRE’s David Goodfellow

$120 million

six-level office building with site area of 2,359sqm and NLA of 8,450sqm and 91 car bays 4.91 Ha land area is planned to play host to a logistics focused business park with construction to occur in stages over the next five years.

V: A consortium P: Stadia Capital

41 McLaren Street, North Sydney

$80 million +

Colliers’ Jon Chomley and Harry Bui

24 and 30-40 Alfred Street, Chipping Norton

$60.5 million (off-market)

P: Aliro

LJ Hooker Commercial’s Ryan Jennings

Colliers’ John McCann and James Barber with Knight Frank’s Wally Scales and Graeme Russell

Fully leased eight-storey property with 6,759sqm of B-grade NLA and 101 car parks V: Australian Unity

32 Phillip Street, Parramatta

$56 million

Woolworths-anchored property in Schofields

1.2 Ha modern complex

P: Firmus Capital

$37.5 million

Colliers’s James Wilson and Harry Bui

A fully leased large-format retail centre on a four-hectare site

V: Home Consortium P: Argus Kaipara Fund 2

Wagga Wagga


$25 million

V: LBP Developments Pty Ltd P: A private developer

Colliers’ Trent Gallagher and Angus Urquhart

21 Marigold Street, Reversby

A prime 10,416sqm development site

$16.3 million

Northside Hotel in Albury’s Lavington

The hotel rises two floors with a bar, bistro, beer garden and 12 accommodation suites The waterfront pub was last sold in 2005 for $6.9 million Offered with plans for a new multi-story building with a “Piet Mondrian” inspired artistry/architectural design 804sqm property is approved for a 63 place childcare centre Development approval for a 68-place childcare centre 691sqm site can accommodate a circa 500sqm, freestanding industrial building

HTL Property’s Blake Edwards

$16.2 million

P: Harvest Hotels

V: Down the Booza Pty Ltd P: Bill Drakopoulos

HTL Property’s Dan Dragicevich and Blake Edwards

The Budgewoi Coast Hotel

$15 million

$13 million

257-259 Broadway, Glebe

P: Private

Deans Property

Ray White Commercial’s Joseph Assaf and Jai Sethi Ray White Commercial’s Joseph Assaf and Jai Sethi

$5.325 million

65 Moxhams Road, Northmead

P: An owner-operator

$4.5 million

724 Victoria Road, Ermington

P: A local investor

P: A local civil construction company

$3.25 million

14 Fisher Street, Silverwater

CBRE’s Robert Dowdy


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Josephine Sukkar AM Buildcorp

Bob Hamilton AM Mirvac

Greg Shand AM Barana Group

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The Property Development Review

The Interview

Salvatore & Sam Tarascio Salta Properties

Salta Properties is one of Australia's foremost private family companies. With a history dating back over 50 years, their portfolio includes, property development, real estate holdings and investments. Responsible for numerous Melbourne landmark projects, Salta Properties are renowned for their innovative property development skills. We are privileged to have joining us, Founder, Salvatore (Sam senior) Tarascio and Managing Director Sam (junior) - true pioneers behind the revered Salta business.


Click Play or Scan to watch the full interview now.


Market Overview - NSW

Daniel O'Brien Xcommercial

Q. Who have been key investors over the last 18 months and have you seen a shift from previous years? A. Not really. It’s still the private clients, high net worth clients, AREITS and the syndicators. Everyone is chasing yields and add value and it’s the same old story. Due to the lack of stock in the middlemarkets of $20M - $50Mwe have seenmore andmore syndicators over the last 18months, so they are always an active buyer group. Q. What is your secret to achieving the exceptional results that you have? A. You will go in circles and never progress without amap. Goal setting regularly, and routinely is vital. Executing the plan is also critical. Agency is not rocket science. It’s getting through your weekly goals and activities and if you do this each week the results are inevitable. Themost difficult part is consistently doing it. Like anything and everything in life, consistency is the key. I struggle with it – but nothing in life is easy. Youmust do the work. I believe we have the best job in the world, andwe need to remind ourselves of this, be grateful that we have the earning capacity we all do, and just have a crack. Q. What are some of the most significant or rewarding projects that you’ve been involved in and why? A. Themost rewarding has been launching X Commercial successfully over the last 9months. Being able to design our own destiny, our newbrand and executing ideas that we have come upwith has been very enjoyable. We have some exciting things happeningmid-year which we are working on now, and it is great when others business owners, and agents can see the benefits of what themodel is, andwhat we are offering. B. Seeing your work mates hit their goals and enhancing their lives by succeeding giveme a real kick also. If you work hard, you really can achieve anything. Q. What advice would you give property developers today? I would give them the same advice I give everyone looking to acquire property in Australia’s hottest real estatemarket. The only time it is ever a bad time to buy property in Sydney is “later”.

Q. How does the property market in (NSW) compare to other states at the moment and what are some key trends that are occurring? A. It’s hard to comment as I don’t have offices in other states, but I can say that in NSWoffice staff are now starting to return to offices, which is great. Most businesses have used the last 18-24months of Covid lockdowns sensibly to assess the number of staff who are preferring to work fromhome, whether that be full time or part time, andmy view is that leasing activity should pick up this year and surpass levels during the last 2 years. Companies are certain of their space requirements now, andwhile incentives aremuch higher than they have been “pre covid” I expect savvy tenants to really take advantage now and start committing to new spaces. Fitted out spaces are still #1 on the list for most tenants. Q. What sectors are most in demand? A. Industrial. By far this is the strongest asset class, both for leasing activity and tenant enquiry. I can’t see this changing in the near future. The infill areas we work in around the Sydney CBD have never been tighter for sales and leasing stock and the drift to other areas a little down the highways from the CBD and ports are now also seeing very low vacancy rates. I expect this will continue well into the future. Q. What do you see as the biggest challenges that face buyers and sellers in todays’ market? A. For buyers it is competition. There is a weight of money ready to buy Sydney property, buyers need to continue to be bullish with their assumptions and take that leap, that themarket will not dip. In blue chip or even B &C locations in Sydney, you rarely see values drop. They might stop increasing in value for a time, however buy- ers must take the view that bricks andmortar are a very safe hedge in an uncertain world and Sydney property will always perform well. All that being said, I feel that as soon as themarket starts to feel the pinch of the pending increase in interest rates, we will likely see an increase of investment stock hit themarket. Investors that purchased investments during COVIDwhen the rates where at an all-time low, will most likely see a squeeze on their cash flow and this could result in a few forced sellers to hit themarket. We have an election inMay whichmay slow it down for a few weeks, but investors are starved of opportunities and bricks and mortar inmy view that high quality properties with strong tenancies will always be seen as a safe bet as far as investors are concerned.




Property Listings



Property Listings


The Property Development Review


Property Listings



Reach a wide audience pool by advertising in The Property Development Review.

Call 03 9631 5476 or Email

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Property Listings


The Property Development Review


Outline and Locations Indicative Only

FOR SALE Expressions of interest, closing 5pm Thursday 24th February 2022. A rare opportunity to secure a DA approved development site in one of Sydney's most desirable and convenient locations. The site occupies approximately 627.8* sqm of land and is zoned R4 - High Density under North Sydney LEP 2013, with a maximum building height of 12m, and no applicable Floor Space Ratio. The property is not located in a Conservation Area, nor affected by any Heritage overlays. The Development Approval in place (DA 229/21) is for demolition of existing structures and construction of a contemporary residential flat building. Designed by Corben Architects, the proposed development is made up of 1 x 3-bed unit, 7 x 2-bed units, and 3 x 1-bed units.


• 2 Torrens-titled attached dwellings sold in one line • 88 mts of street frontage to Macpherson St, Parraween St, & Langley Ave

• Highly convenient Lower North Shore location Inspections are strictly by appointment only.


SCOTT STEPHENS Director Ray White Commercial Sydney North M: 0402 021 638 Ph: 02 9969 1500 E: DAVID TOCKAR Site Sales Executive Ray White Lower North Shore

Ray White Projects Lower North Shore M: 0425 285 833 Ph: 02 9969 1500 E:

M: 0409 960 006 Ph: 02 9969 1500 E:


Property Listings


Accelerating success.

DA approved residential development site for 39 apartments Auction

Artist’s impression

40, 42, 44, 46 Courallie Avenue, Homebush West For Sale via Auction Thursday 3 March at 10:30am (AEDT)

+61 418 477 888 Harry Bui

FSR 1.2:1 

4 existing single storey houses 

Sought-after location 

Total site area: 2,412 m²* 

* Approx.


Property Listings


The Property Development Review

Accelerating success.

Mortgagee Sale – Central Coast Trophy Development Site Auction

Outlines indicative only

1A Racecourse Road, West Gosford Thursday 24 February 2022 at 10.30am

0402 074 159 Peter Maxadam 0418 477 888 Harry Bui

10,525m²* 

Extensive frontage: 255 metres* 

Highly sought- after peninsula in Central Coast 

Zoned B6 Enterprise Corridor 

Multiple mixed use development purposes 

* Approx.

Accelerating success.

Accelerating success.

Medium Density Development Opportunity For Sale

Invest | Occupy | Develop Auction

Outlines indicative only

181-185 Wellington Road, Sefton EOI closing 9 March 2022 at 12pm

180 Commonwealth Street, 2-4 Little Albion Street & 1 Ann Street, Surry Hills Thursday 3 March at 10.30am

+ 61 419 018 356 Frank Oliveri +61 414 483 247 Joe Sacco

0438 337 799 Matt Pontey

0411 709 666 Miron Solomons

3,368m²* block 

R3 Medium Density Zoning 

Combined total 51 metre frontage 

Combined Land Area 402m²* 

Secure onsite parking 

Existing development potential 

* Approx.

* Approx.


Property Listings


Accelerating success.

Accelerating success.

DA Approved 86 Place Childcare - Hunter Region For Sale

Affordable DA Approved Mixed Use Development Site For Sale

Artist’s impression

Artist’s impression

188 John St, Singleton, NSW For Sale by Expressions of Interest closing Thursday 10 March at 4pm

1-5 Castlereagh Street, Liverpool EOI closing 10 March at 2pm (AEDT)

0419 990 295 Jordan McConnell 0415 465 969 Ben King

0419 018 356 Frank Oliveri

0418 477 888 Harry Bui 0407 506 010 AdrianBalderston

DA Approved for 86 place childcare 

4.9 supply and demand ratio 

2,406m²* site area 

Site area: 4,587m²* over 7 titles 

Approved for 171 units + 6 shops 

2 stage development 

* Approx.

* Approx.

Accelerating success.

Prime Corner Development Site Opportunity For Sale

137A Princes Highway, Wolli Creek For Sale by EOI closing Wednesday 2nd March 2022 at 4pm

0401 868 376 Edward McFarland 0432 242 063 Trent Gallagher

3,692m²* total site area 

9,230m² of allowable GFA 

Three street frontages 

31m allowable height limit 

Walking distance to Wolli Creek & Arncliffe 

* Approx.


Property Listings


The Property Development Review

Sold Sold

27-37 Rawson Street, Mascot 2 bed | 1 bath | 2 car ................ - An extraordinary development opportunity

- Six Lots on 1,394sqm, possibility of subdivision (STCA) - 9m Building Height, 1:1 FSR, R2 Low Density zoning - Potential to create a series of residences (STCA) - Adjoining cottages 21, 23 & 25 to be offered separately - A 15 minute walk to Mascot station, 550m to village life ................

Auction - SOLD

Andrew Birbeck 0448 131 616 Michael Dunn 0419 888 815 TimMuckenschnabl 0407 356 631 Proudly Richardson&Wrench Double Bay | 9327 5825


Property Listings


GRIFFITH CBD DEVELOPMENT OPPORTUNITY Comprising of 3 separate titles, is this the perfect corner block opportunity that allows the astute developer the option to turn the site into the ideal development. (STCA) - The building comprises of 700sqm double brick main building, steel & timber perlings with iron clad roof. - The building has been operating a Bridgestone tyre franchise for over 20+ years and would ideally suit a similar business. perfect corner block opportunity that allows the astute developer the option to turn the site into the ideal development. (STCA) • GRIFFITH CBD DEVELOPMENT OPPORTUNITY Comprising of 3 separate titles, is this the

The building comprises f 700sqm double brick main building, steel & timber perlings with iron clad ro f. The building has been operating a Bridgestone tyre franchise for over 20+ years and would ideally suit a similar business. Double lockable worksh p with high clearance roller doors again for large vehicles or agriculture machinery repairs. Multiple driveway access and exposure for passing traffic. Central position for customers looking to walk directly to shops or workplace Opposite Service Stations, minutes’ walk to Woolworths, Kmart, McDonald’s and Griffin & Griffith shopping centers.

- Double lockable workshop with high clearance roller doors again for large vehicles or agriculture machinery repairs. - Multiple driveway access and exposure for passing traffic. - Central position for customers looking to walk directly to shops or workplace - Opposite Service Stations, minutes ’ walk to Woolworths, Kmart, McDonald's and Griffin & Griffith shopping centers. EXPRESSION OF INTEREST CLOSING THE 10th OF MARCH @ 5PM (IF NOT SOLD PRIOR)


1930sqm*(approx.) Zoning: B2 Local Center

Banna Avenue

1930sqm (approx) Zoning: B2 Local Center

GAVIN CAPPELLO 0458 684 518


Property Listings


The Property Development Review


10 Denison Street, Bondi Junction

Land area 316m 2

Zoning B4 Mixed Use

Floor area 1580m 2

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 Expression of Interest

James Nixon 0415 889 284


• Purchase in one line or separately • Hight limit 18m • 25 metre frontage with rear lane access • Land area 836sqm • Holding income • Zoning B2 Local Centre • LGA: Canterbury Bankstown


24.2.22 at 3pm

263-269 Homer Street . The opportunity to purchase via Expressions of Interest. Consisting of four shops in one line, 263-269 Homer Street are perfectly positioned on the high side of Earlwoods prized retail strip, which offer sweeping city and district views and is one of the very few premium development opportunities available in this hotly contested market. The flexible B2 zoning not only allows for a mixed use development site, but also the ability to develop a childcare centre, medical facility or an array of other uses specified within the zoning.

Belle Property Commercial Inner West Rocco Tripodi – 0407 771 655 Andrew Bozza – 0419 110 099 CobdenHayson JimNikolopoulos – 0406 626 663


Property Listings


Epping 18 Epping Road

Boutique Development Site- Zoned R4 High Density Residential Unique opportunity for a small East side boutique Development site. 450 metres to Epping Metro and bus interchange. Occupying 1097sqm (corner of Forest Grove & Epping Road) this level allotment with approved authority to be developed as a single site has a ‘Deed of agreement’ for an obligation- ‘Right of way’. Exceptional opportunity for one the last remaining boutique sites with access from Forest Grove.

FOR SALE BY EXPRESSIONS OF INTEREST (EOI) Closing Thursday March 3, 2022, at 3pm.


By appointment

9869 7266


0438 827 588 David Cale 0419 827 588

Denistone Station

Rhodes West Ryde

Shopping Village

Denistone 14 Ryedale Road

Approved Subdivision with redevelopment options On offer, DA approved subdivision on a large lot of 1789m². Existing 2-bedroom home, premium location 350m to Denistone railway station. Close proximity to West Ryde Town Centre, Eastwood Town Centre, and Ryde Hospital. Zoned R2- Ryde Council LGA, collect rental income whilst seeking approval for redevelopment permitted with consent (STCA), including Centre based childcare centres, dual occupancies (attached), dwelling houses, health consulting rooms, residential care facilities, respite day care centres and group homes and numerous development opportunities.


Monday 14th March 2022, from 6pm Cale Property Auction Rooms, ‘Genesis’ First Floor 74 Rawson Street, Epping

INSPECT Saturday 1pm – 1.30pm CONTACT Jason Lee 0434 199 953 David Cale 0419 827 588

9869 7266


Property Listings


The Property Development Review

Beecroft 19 Wongala Crescent

Prime Retail Exposure Zoned B2 Local Centre Positioned opposite Beecroft rail and occupying 670sqm approx. This rare opportunity to secure 2 retail o  erings is ideal for investment or future development in the centre of the popular Beecroft Village. Being Auctioned separately. Situated just o  Beecroft Road, these properties provide great access to Pennant Hills Road and the M2, M7 and West link motorways, with nearby rail. Business owners, investors and developers have a unique opportunity for these retail shops with tremendous upside.


Monday 28 February 2022 from 6pm Cale Property Auction Rooms, ‘Genesis’ First Floor 74 Rawson St, Epping


By appointment

9869 7266


0438 827 588 David Cale 0419 827 588



BUILD “GODZILLA” THE RENTAL MACHINE | DA Approved Land | Last of New Generation Apartment approvals | DA APPROVED for 55 apartments

| Uber quiet location, massive valley views!!! | At the mouth of Northern Beaches Hospital | Be part of the rental boom, get in early | Potential gross income $1,385,000 p.a. | Based on $475 pw per unit | Market build cost for each unit $150,000 | Total GFA 1,693m2 approx. | Land 2,411m2 approx. | Zoning R2 low density residential

MARK NOVAK 0421 111 111

JAMES LAMPLOUGH 0477 772 435 8978 6888

we never sleep 24/7


Property Listings


NSW, Ashfield: 124-126 Parramatta Road & 8 Tideswell Street For Sale

Mixed use Development site

− DA approval for 41 serviced apartments + existing block of 4 units to be sold in one line − Zoned B6 - Enterprise Corridor & R3-Medium Density Residential − Generous land offering of 2,248sqm* | FSR: 0.7:1 & 2:1

Expression of interest closing 2nd of March 2022

0400 523 523 Alex Mirzaian 0402 270 888 Raymond Ashan

0434 675 724 Lord Darkoh

Artist’s Impression


31 Mary Street LIDCOMBE TOWN CENTRE A great opportunity to invest in a large, underdeveloped block in high density residential area in Lidcombe. Presenting an opportunity to develop in a popular residential area close schools, transport and major retail. Currently on the site is a two level, four unit residential block.

DEVELOPMENT OPPORTUNITY 785 sqm land Level block with driveway access from Mary Street


Onsite - 9.30am, Saturday 26 February 2022

For more information contact Sam Hill on 0419 747 440

Located in a growth corridor Easy access to M4, A4 and Olympic Drive

9747 4400


Property Listings


The Property Development Review

For Sale

NSW, Ryde: 691-695 Victoria Road

Gatewaymixedusedevelopment site in Ryde


− 6,515sqm* of land area − Ultra wide dual street frontages − B4 Mixed Use Zoning − Max. FSR of 2.5:1* (STCA) − Max. Height Limit of 21.5m* (STCA) − Potential GFA of 16,287.5sqm* (STCA) The site will be sold via EOI closing on Thursday 17 March 2022 at 3pm (AEDT)

Tao Shi +61 421 218 031

Danny Shi +61 409 955 559

Ben Wicks +61 422 206 015

Alex Mirzaian +61 400 523 523


The Interview

Phil Pearce CEO, ESR Australia

Phil has been deeply entrenched within the commercial property sector both domestically and internationally for over two decades. In 2017, he joined ESR Funds Management Limited in Singapore and led the business's expansion into Australia and subsequently in 2019 was appointed CEO. Today, ESR manages $8bn of domestic assets as well as site selection, acquisition, design, construction, project management, operations and funds management.


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The Property Development Review

The Interview

Phil Clark AO Chairman, SCA Property Group

Phil’s executive career extends across a range of disciplines, from law (Managing Partner of Mallesons Stephen Jaques for 16 years), investment banking, corporate advisory and the public-sector. His current Chairmanship of SCA Property Group sees it control a diversified shopping centres portfolio valued at over $4 billion. Additionally, Phil’s other roles include Chair of SCA Property Group, Member of J.P. Morgan’s Australia Advisory Council, Chair of the Australian Antarctic Science Council and Chair of Trustees for the NSW Public Purpose Fund.


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Market Overview - VIC

Gavin Dumas Crabtrees

Q. Howwould you evaluate the impact of the past eighteen months in your local market? A. We have seen very strong asset value growth and increasing rental rates as demand outstrips supply; the volume of buyer inquiry has been extraordinary, inmany cases 3-5 fold increases of inquiry over pre-COVID conditions. Owner Occupiers have also regularly been forced to lease premises due to the lack of sale opportunities tomaintain the growth of their businesses when their original desire was to purchase and the leasingmarket is also enjoying strong rental growth as limited supply meets strong demand. Q. What are your expectations for the commercial property market over the next twelve months? A. We expect strong demand to continue frombuyers but also tenants resulting in continued low vacancy rates, this in turn should underpin and limit any impact on both rental growth and price growth fromany interest rate increases or other macro economic factors. With immigration/migration expected to increase throughout 2022 and into 2023, demandwithin the domestic economy will again be underpinned and strengthened further which again will directly impact industrial property in a positive way; a bigger population requires more dwellings, consumer goods, food and etc which all originate in one formor another via the industrial property sector. Q. Talk us through the most significant deals you have transacted thus far in 2021. A. Some highlight deals have been the negotiation of a purpose built office&warehouse facility for a private Owner Occupier at 70-72 National Drive Pakenhamon a substantial site of 24,766 sqm with the premises totalling 14,153 sqmwhich would be one of the largest, if not the largest pre-commitment secured in the past 12 months in the outer suburban industrial market. Other highlights and a note worthy sale was 1 & 2 Steele Court Mentone which was an industrial 1 zoned parcel of land of 9,084 sqm that was sold for $9,090,000 in August 2021 having been previously sold only 9months earlier in December 2019 for $5,050,000 showing the extraordinary price growth for industrial land in the past 12-18months.

Q. What are the key market trends occurring throughout 2021 in your region? A. We have seen very strong competition for industrial property and logistics assets, driven in particular by Owner Occupiers. When combinedwith an extremely low vacancy rates, price growth has been excellent and choice for buyers limted. Q. What have been the fundamental drivers of demand amongst buyers? A. Super low interest rates have dramatically reduced servicing costs for buyers and coupledwith commentary from the RBA that these conditions will be in play for an extended period has provided buyers with confidence and has been themain driver of demand for commercial property assets and in particular industrial facilities. Added to this has been the impact of COVIDwhich has accelerated the growth of on-line retail businesses and demand for warehousing and logistics facilities resulting in historically low vacancy rates. Q. Reflecting on recent transactions, what has been the profile of buyers and has this shifted from previous years? A. Whilst Private Investors have always been active participants in Melbourne’s suburban industrial market, they have been compre- hensively out bid inmany instances by Owner Occupiers who have been prepared to pay substantial premiums to secure premises. Clearly there is pressure on businesses constrained by a lack of space and lack of opportunity which has resulted in Owner Occupiers being the dominant buyer for most industrial assets under $10mill. Additionally, Institutional buyers have now entered the sub $20mill market providing additional competition for high net worth private, family groups & SME’s driving yields into further contraction and unprecedented territory. Q. What types of assets are most in-demand given the current environment? A. Industrial Industrial Industrial – both investors and Owner Occupiers are providing demand; investors understand the industrial sector provides the security of investing in a tangible asset, being the land and bricks &mortar with a decent yield, whilst Owner Occupiers are competing for space to run and grow their enterprises. Modern facilities close tomajor road networks aremost desirable but the lack of supply and low vacancy rates has necessitated occupiers compromise their desire for a preferred location and accept re-locating to outer suburban locations they would not have originally entertained or to take up older facilities with compromised facilities simply to allowgrowth for their businesses.


The Property Development Review



Property Listings





Property Listings


The Property Development Review


Walter Occhiuto 0410 438 417 Tim Grant 0478 666 275 Significant land area of 2,622 sqm* (66m x 40m)* Highly flexible Commercial 1 Zoning Potential up to 6 storeys (STCA) Elevated position, sweeping views, multiple access points Functional building may suit owner occupiers $1.31M median house price, only 10km* from CBD SALE BY EOI CLOSING THURSDAY 3 MARCH AT 5PM *Approx

nsaction Manager:

03 8825 4555


Property Listings


31 Queens Rd – m e l b o u r n e –

Artist Impression


Property Listings


The Property Development Review

Landmark Development Site Opposite Albert Park Lake

Approved permit for a luxury fif teen (15) level residential development

Plans consist of 142 apartments with over 10,701 sqm* of NSA

City fringe super site consisting of 2,323 sqm* of land

Located in one of Melbourne’s most prestigious residential locations

Unparal leled size and scale with abi l ity to convert to commercial, hotel or bui ld-to-rent (STCA)

Remarkable view l ines across Albert Park Lake and Port Phi l l ip Bay


E X P R E S S I O N S O F I N T E R E S T C L O S I N G A T 3 : 0 0 P M O N T H U R S D A Y T H E 3 R D O F M A R C H 2 0 2 2

Joseph Carbone 0418 351 316

Frank Vinci 0418 375 375

Michael Gross 0419 355 561

Danny Clark 0448 066 889


Property Listings


Major Parkfront Site in Vibrant Lifestyle Location

20 Leinster Grove, Brunswick East VIC For Sale

Wednesday 23 March 2022 at 2pm (AEDT) Expressions of Interest Closing

– Major city-fringe landholding of 4,352sqm – Direct site frontage of 55m* to Methven Park – Flexible Mixed Use Zone providing scope for apartments, build-to-rent, co-living, student accommodation or aged-care/ retirement living (STCA), all to enjoy stunning uninterrupted views over Methven Park towards the CBD – Views towards CBD protected by lower density homes

0411 27 37 36 Josh Rutman 0402 011 266 Nick Peden Jesse Radisich

0433 196 452 Trent Hobart

Jozef Dickinson

0402 678 888

Yvonne Zhou 周怡泓

MingXuan Li 李名轩 0402 085 702 0498 688 998

0415 100 831


Property Listings


The Property Development Review

Thursday 17 March 2022 at 2pm (AEDT) Expressions of Interest Closing 422-430 Johnston Street, Abbotsford (Cnr Trenerry Crescent) VIC For Sale Triple fronted Abbotsford site

Nick Peden

0498 688 998 0431 248 477 0402 085 702 0411 27 37 46 0402 011 266

– Major city-fringe corner landholding of 2,428sqm – Three significant street frontages totalling 161 metres with wide rear street access – Flexible Commercial 1 Zoning allowing a development height of 31 metres (10 levels) – Ideal location for apartments, build-to-rent, co-living, student accommodation, retirement living, o‹ice and/or medical uses (STCA), with stunning uninterrupted CBD and parkland views to be enjoyed – Surrounded by an abundance of exceptional amenity within easy walking distance

Jesse Radisich Josh Rutman

David Hill

MingXuan Li 李名轩


Property Listings


– Perfectly positioned High Street landholding – Valuable and wide rear laneway access – High quality existing building with income 1163-1165 High Street, Armadale VIC For Sale Rare Permit Approved High Street Freehold – Planning permit and endorsed plans for luxury project – Positioned next to approved major mixed-use development – One of very few recent permitted High Street sites

0411 27 37 46 Josh Rutman 0402 085 702 Jesse Radisich Thursday 3 March 2022 at 12.30pm (AEDT) On-Site Public Auction

Tim Carr

MingXuan Li 李名轩

0415 767 915

0498 688 99

– A significant Balwyn landholding of 1,505sqm with valuable holding income – Prominent 33m frontage to Whitehorse Road – Valuable and wide rear access – Flexible General Residential Zone suiting residential, child care, medical and more – Positioned within premium Balwyn Retail Village 346-348 Whitehorse Road, Balwyn VIC For Sale Substantial Balwyn Villaг

Thursday 3 March 2022 at 2:30PM (AEDT) On-Site Public Auction

0402 085 702 Jesse Radisich

0498 688 998 MingXuan Li

0404 401 053 Mark Sta  ord


Property Listings


The Property Development Review


Property Listings




2-6 Copernicus Way Keilor Downs VIC FOR SALE

Prominent Corner Site in Amenity Rich Location with Flexibility to Develop or Occupy Former 46 bed aged care facility with 15 onsite car spaces, commercial kitchen, laundry and common areas Building area 1,600sqm* High exposure location with a combined 102m* street frontage to Sunshine Ave & Copernicus Way Neighbourhood Residential Zone (NRZ) Close proximity to Metropolitan Ring Road (M80), Essendon and Melbourne International Airports. CBD 15km*

EOI Closing Thursday 3 March at 3pm (If not sold prior)

JAMES LATOS Manager 0437 537 957 DOMINIC GIBSON Director 0409 366 941



Property Listings


The Property Development Review



Median House Price $1,371,000



Develop, Landbank or Occupy this High Profile Landholding in the Tightly Held Eastern Corridor Substantial middle ring site situated only 20km fromCBD on an elevated setting General Residential zoning & prominent street frontage of 220 metres* Panoramic view lines of Dandenong Ranges, Jells Park and surrounds Melbourne’s largest suburban employment area surrounded by high tech business parks Easy access and connectivity to Monash Freeway (M1), Eastlink and public transport

855-869 Ferntree Gully Rd Wheelers Hill VIC

Thursday 24 March at 12.30pm (If not sold prior)

JAMES LATOS Manager 0437 537 957 DOMINIC GIBSON Director 0409 366 941



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