Developer&nbsp;<a href="https://www.urban.com.au/developers/billbergia">Billbergia Group</a> and non-bank lender Metrics Credit Partners have teamed up to propose a new luxury mixed-use project in the increasingly evolving Sydney CBD.

The joint venture,&nbsp;Central Sydney Property Pty Ltd, has acquired a&nbsp;6,000 sqm site bordering Castlereagh, Pitt, and Liverpool streets from offshore developer Han's Holding Group and has revealed plans for two 80-level towers with around 600&nbsp;luxury apartments, a high-end hotel, retail spaces, and an enhanced public domain.&nbsp;

&nbsp;

The towers will be amongst the tallest in the Sydney skyline once complete.

It represents Billbergia’s first foray in the Sydney CBD and comes on the back of 88 Walker, its award-winning mixed-use project in North Sydney, delivered in partnership with Metrics, who has $22 billion in&nbsp;assets under management, specialising in fixed income, private credit, equity and capital markets.

<img alt="JV Partners Pitt Street" data-entity-type="file" data-entity-uuid="87ba23d9-9306-41ed-a011-931771042eca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/338%20Pitt%20Street%20-%20Aerial%20-%20Rev%20D%20-%20HR.jpg?VersionId=IKbcFRuNtLcmwERaag8aGIqgyBxG8Iv." />

“Our vision will transform this underutilised city block into a cutting-edge urban community with luxury residences supported by premium amenity, quality public domain and active placemaking,"&nbsp;said Saul Moran, Development Director at Billbergia.

"This mixed-use development is Billbergia’s first in the CBD and heralds the renewal of the Midtown district.

Following an international design competition in 2018, the project will be designed by&nbsp;<a href="https://www.urban.com.au/architects/fjc-studio">fjcstudio</a>, in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design.

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

“Our design proposal has a distinctive and forward-looking form but is also restrained, elegant and reinforces the geometry, urban structure and maturity of Sydney,"&nbsp;said Richard Francis-Jones, Design Director at fjcstudio.

"Fundamental to the urban character of the design is the fine-grain orthogonal structure of the public domain and streetscape. The small footprint tower forms nestle into a network of throughsite links and intimate public spaces addressed and activated by a variety of low-scale buildings - a city in microcosm."

Apartments will be delivered in a range of one, two and three-bedroom configurations, alongside exclusive penthouses with unobstructed views, spanning from Hyde Park to the Harbour and over Sydney Heads to the East.&nbsp;

With the site’s acquisition now complete, subject to relevant approvals, demolition is expected to commence next year.&nbsp;

With the site’s acquisition now complete, subject to relevant approvals, demolition is expected to commence next year

Joel Robinson

Billbergia & Metrics propose two 80-level towers in Sydney's CBD

Multi-billion-dollar developer <a href="https://www.urban.com.au/developers/gurner">GURNER™</a>&nbsp;has been given the green light to develop its $800 million project on Kent Street in the Sydney CBD.

The site represents the final Freehold Land Title Site in the broader Barangaroo precinct, which is overwhelmingly occupied by Leasehold sites.&nbsp;

The planning modification from the previous approval was primarily designed to maximise the offering of each residence, providing more three-bedroom options and a reduction in total residences from 125 to 91.&nbsp;

The team has maintained a maximum of one to two residences per level throughout the project, to maximise resident privacy and create larger floorplates that will deliver on the level of service, amenity and design that has made GURNER™ one of the most successful developers in Australia.&nbsp;

The plans include two dual-level penthouses, which will deliver a new level of luxury to the inner Sydney market, alongside a sky pool and terrace, private dining, business lounge, valet and concierge, and expansive wellness area.&nbsp;

The Kent Street project will also bring together an ultra-luxe wellness area, which has fast become a signature of the GURNER™ offering.&nbsp;

<img alt="189 Kent St Gurner" data-entity-type="file" data-entity-uuid="8ba0d578-5f43-4e28-8647-6eefa27109dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/189%20Kent%20St%20%20-%20Hickson%20Road_Web%20res.jpg?VersionId=r4_afixNikBzJt4R2PmFx7nLkSyv1Hj." />

GURNER™ collaborator <a href="https://www.urban.com.au/architects/fjc-studio">FJC Studio</a> will be leading the architecture of 189 Kent Street, bringing together the developer’s signature aesthetic with the creative flair of the award-winning design practice.&nbsp;

With plans now approved, GURNER™ will look towards the public launch and commencement of works on-site, both of which are expected in 2025.&nbsp;

“This is our first project in Sydney and we are going to ensure it is something truly world-class, and that we are offering a level of 6-star luxury, amenity and service that has not been offered before in Sydney,"&nbsp;Tim Gurner said.

“With a maximum of two apartments per floor and numerous full-floor residences, the project has been created for Sydney’s astute homeowners that want to live their ultimate life in the heart of the city with our world-class services, amenity, and homes.&nbsp;

“We will be bringing our global leading wellness, service and luxury offering to one of Australia’s most important locations in Barangaroo."

Gurner says they have been "overwhelmed with the enquiry."

Gurner says they have been "overwhelmed with the enquiry."

Gurner gets go-ahead for luxury apartments on Sydney's Kent Street

It's a crucial first step in any multi-stage development that the initial phase provides significant amenities for the first residents, especially when the full masterplan might take a decade or more to complete.

<a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a> is hitting all the right notes with its $3.8 billion <a href="https://www.urban.com.au/new-apartments/burswood-point-saintly-entrance-burswood">Burswood Point</a> masterplan—a major redevelopment of the land surrounding Belmont Racecourse on the Swan River.

In the first stage, the developer is focusing on two towers: Somerset East and Somerset West. Last year, they launched 203 one, two, and three-bedroom apartments, and the response has been overwhelming. These apartments will be the first of approximately 4,500 dwellings to be delivered across the 38-hectare precinct.

Within the two towers, Golden Sedayu has strategically included a range of amenities to ensure that the first residents of the masterplan are well catered for.

[smartcode_project:default project_id=142314 project_image_fid=263319]

Upon arrival, residents and guests are welcomed by Somerset's sculptural two-tower form.&nbsp;

The architectural design by <a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a> features rising tiers of balconies with greenery, creating a visually striking entrance.

[smartcode_project:default project_id=142314 project_image_fid=263321]

Located on the third floor, Somerset’s amenities offer panoramic views of the surrounding landscape.&nbsp;

The highlight of the development's amenities is the 20-metre infinity pool that appears to cascade towards the Swan River, surrounded by sun decks, submerged loungers, a children's shallow pool, and jacuzzis.

[smartcode_project:default project_id=142314 project_image_fid=263320]

An observation deck offers a private viewing experience of the nearby racetrack, with Optus Stadium and Matagarup Bridge as a backdrop.&nbsp;

The viewing deck will have BBQ facilities, making it suitable for gatherings and social events.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263305]

Somerset's deck also includes areas dedicated to restorative yoga and meditation, complemented by a wellness centre that has a gymnasium surrounded by greenery.

For private dining, Golden Sedayu has designed a residents’ dining room.

[smartcode_project:default project_id=142314 project_image_fid=263323]

Part of stage one will also include a boulevard with various shops, cafes and supermarkets. Burswood Point will have 91,000 sqm of retail and commercial space all up on its completion. The masterplan will also have 110,000 sqm of parklands and a 2.5-kilometre foreshore.&nbsp;

Located just 3.5 kilometres from the CBD, Burswood Point is envisioned as a "city within a city," transforming <a href="https://www.urban.com.au/new-apartments/perth-wa">Perth</a> with a new lifestyle and entertainment hub. It is the largest mixed-use&nbsp;urban&nbsp;development Perth has ever seen.

Over $200 million of site works have been completed and construction of the two Somerset towers will commence in Q1 2025.

[smartcode_project_cta:default project_id=142314]

Golden Sedayu to deliver significant amenity in Somerset, Burswood Point first stage

Runaway Bay, an exclusive waterfront suburb on the coveted Gold Coast’s North Shore, has seen very little new apartment development for several years.

While units only account for less than 30 per cent of total dwellings in <a href="https://www.urban.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, representing around 1,100 apartments, property data analytics firm CoreLogic shows there are only around 300 three and four-bedroom apartments making these exceptionally sought after.

The lack of supply of new homes and, in particular, of three and four-bedroom apartments in the desirable suburb, paves the way for <a href="https://www.urban.com.au/new-apartments/aqualis-runaway-bay-20-24-oatland-esplanade-runaway-bay">Aqualis</a> – a luxurious development of only 18 three and four-bedroom residences on the dress circle Oatland Esplanade, fronting Pacific Park and offering never-to-be-built-out views over the Broadwater to South Stradbroke Island and The Spit.

[smartcode_project:default project_id=29985 project_image_fid=316718]

The boutique four-level building has been designed for both holidaymakers and downsizers, featuring some of the largest apartments ever offered in the area.

Designed to embrace its waterfront location by XL Architecture, Aqualis apartments have been oriented to take in as much of the stunning and expansive views as possible.

Each residence features an open-plan layout with full-height stacking glass doors that lead to covered terraces overlooking parklands, beaches, and the Broadwater.

&nbsp;

[smartcode_project:default project_id=29985 project_image_fid=316720]

The open kitchens are equipped with integrated Miele appliances, a kitchen island that can be customised in two different countertop materials, and walk-in butler’s pantries.

The master bedrooms all enjoy balcony access to take in the views of the water, as well as large ensuites and walk-in robes.

&nbsp;

[smartcode_project:default project_id=29985 project_image_fid=316722]

Residents will enjoy facilities including a waterfront swimming pool, a fully-equipped gym with a sauna, and a barbecue terrace set within landscaped grounds designed by award-winning firm Shepherd. The development also uniquely features a resident-only 12-berth marina with four additional jet-ski docks.

A builder has been appointed to deliver Aqualis, a milestone step in the development process that gives buyers confidence.

[smartcode_project_cta:default project_id=29985]

Rare new luxury apartments set for Runaway Bay as Aqualis launches

Prominent Sydney developer Capio Property Group is bringing its first new apartment development to the western suburb of Carlingford, and the first in the suburb to be protected by the sought-after Latent Defects Insurance policy—one of the most comprehensive insurance options available to new apartment buyers.

The new policy by <a href="https://www.urban.com.au/news/resilience-latent-defects-insurance">Resilience Insurance</a>, which can only be taken out by the developer or builder and gives apartment owners coverage from any structural defect for 10 years post-completion, will apply to all 46 one, two, three and four-bedroom apartments in Capio’s new parkside development, Blossom.

[smartcode_project:default project_id=148093 project_image_fid=319997]

Designed by DKO, <a href="https://www.urban.com.au/new-apartments/blossom-carlingford-25-31-donald-street-carlingford">Blossom</a> aims to offer more than just another apartment building; it’s envisioned as a new community. The development includes a 1,500 sqm private park, an on-site childcare centre, and a resident-only gym.

The apartments will feature open-plan kitchen, living, and dining areas that flow out to balconies through floor-to-ceiling glass doors. Most floorplans are oriented to the north, capturing an abundance of natural light and views over the adjacent park.

[smartcode_project:default project_id=148093 project_image_fid=319995]

The location of Blossom is another major selling point. The building will be just 350m from Carlingford Court Shopping Centre and a little over 800m from the <a href="https://www.urban.com.au/developments/carlingford-nsw-2118">Carlingford</a> Light Rail Station, the starting point of the line to Parramatta.

Ray White Projects WS Managing Director, Mark Bernberg, believes Blossom is setting a new standard for apartment living in the region.

“With the design of Blossom and the added bonus of Latent Defects Insurance, Capio is bringing something to Carlingford that prospective apartment buyers haven’t seen before,” says Bernberg.

[smartcode_project:default project_id=148093 project_image_fid=320000]

He believes Blossom will appeal to local downsizers as well as families who can take full advantage of the onsite childcare facilities, access to convenience, and several parks at their doorstep.

Construction on Blossom has already begun, with completion expected by mid-2026.

[smartcode_project_cta:default project_id=148093]

Construction on Blossom has already begun, with completion expected by mid-2026.

Largest share of SA's property resale losses were in Adelaide: CoreLogic

Staff reporter

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