Brookfield

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John Wacker, the Hong Kong-based lawyer, has bought in Brisbane's west.
He's recently settled on a $4.1 million acreage in Brookfield.
The hilltop home, known as Lani Mauna, Hawaiian for “mountain reaching heaven”, had been on the market for over a year.
It was designed by architect Tim Ditchfield with strong references to modern tropical architecture after the one hectare block traded for $1.5 million in 2011.
Built with a no expense spared budget, Lani Mauna has five bedrooms, a library, home office, gym, temperature controlled wine cellar and a 22 metre infinity edged solar heated pool.
Johnston Dixon agent Josephine Johnstone-Rowell sold the home.
Wacker, who has been at Bank of American since 2005, owns a $3.28 million Noosa home.
This article was first published in the Weekend Australian. 
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Bank of America general counsel buys Lani Mauna in Brookfield

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The Gallery House development in Brisbane’s Northshore Hamilton reported strong sales in the June quarter with 31 sales.
The results put it top of the pile in a recent Urbis Essentials report, with the nest new development recording 12 sales in the same period.
Gallery House features 319 one, two, three and four bedroom apartments across the 20-level Gallery House One and 19-level Gallery House Two towers.
Construction on both towers at the project is being lead by building contractor Multiplex.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/13/Gallery%20House%202.jpg" alt="">
Brookfield Residential Properties’ Managing Director, Lee Butterworth said more than $173 million of luxury apartments have now sold at Gallery House.
"The opportunities to secure such generously-sized luxury riverfront apartments in the current market are extremely limited, and as a result, we are seeing increasing enquiry from buyers wanting to secure their own private oasis close to the city centre," he said.
"Sales to date have predominately been to owner-occupiers, including empty nesters looking to make the move from a home to an apartment and professionals wanting to be close to the city centre."
Two bedroom apartments are prices from $565,000; three-bedroom from $865,000; and four bedroom from $1,195,000.
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Brisbane development Gallery House reports strong sales quarter

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ISPT Property and Brookfield's joint venture development at 405 Bourke Street officially commenced construction yesterday, and Urban.com.au was onsite to witness this significant milestone.

Taking place on level six of the existing car park that forms part of the first phase of the site's development dubbed The Foundry, 405 Bourke Street's launch event offered attendees a glimpse into the heart of the construction site with footing works in full swing.

Also in attendance were representatives from the development partners which included Brookfield's Managing Partner Sophie Fallman, Brookfield's Head of Development (Australia) Carl Schibrowski,  ISPT CEO Daryl Browning plus Matthew Kandelaars,The Property Council of Australia's Acting Victorian Executive Director.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/20180828_102444.jpg" rel="gallery-all" title="L-R: Matthew Kandelaars (PCA), Daryl Browning (ISPT), Sophie Fallman &amp; Carl Schibrowski (Brookfield)"><img alt="" class="image-article-full-width-580px" height="428" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/20180828_102444.jpg?itok=VKNRSu6c" title="L-R: Matthew Kandelaars (PCA), Daryl Browning (ISPT), Sophie Fallman &amp; Carl Schibrowski (Brookfield)" width="580"></a>

<figcaption>L-R: Matthew Kandelaars (PCA), Daryl Browning (ISPT), Sophie Fallman &amp; Carl Schibrowski (Brookfield)</figcaption></figure>Designed by Woods Bagot, 405 Bourke Street will eventually stand as a 39-storey building which encompasses 31 levels of A-Grade office accommodation. A side core configuration has allowed for 66,491 square metres of net leasable area, supported by three levels of retail and 177 car parking spaces.

ISPT Property acquired a 50% stake in the development - which will also feature a north-south retail laneway linking Bourke Street and Little Collins Street - in December 2017.

The development partners have already secured NAB as the anchor tenant, who committed to a minimum of 43,000 square metres of space, with an option to occupy the balance of floor space. NAB's flexibility option has yet to be acted upon.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/405_b_site_panorama1.png" rel="gallery-all" title="On site at 405 Bourke Street. "><img alt="" class="image-article-full-width-580px" height="312" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/405_b_site_panorama1.png?itok=QxbpMINM" title="On site at 405 Bourke Street. " width="580"></a>

<figcaption>On site at 405 Bourke Street.</figcaption></figure>While official construction on the "transformative commercial project" was celebrated yesterday, ground works have been in motion over recent months. A major construction marker will occur this Thursday with a raft slab pour planned; 800 cubic metres of concrete - the equivalent of 200 concrete trucks - will form the major foundation point for the tower.

Typical office floors will be supported by steel-framed structure over the alternative concrete column and floor format. Another challenge looms in the form of the cantilevering floor plates 48 metres above ground, jutting over the adjacent 399 Bourke Street. 

405 Bourke Street is scheduled for completion in March 2021.

<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/5BHVSt4oqPk" width="560"></iframe>
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Laurence Dragomir

Construction officially commences on 405 Bourke Street

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Rob Shand, the former boss at asset management giant Blue Sky, and wife Anna, have moved closer to Brisbane following the sale of their Pullenvale home.
They've been reported to be the buyers of the <a href="https://www.realestate.com.au/property/209-moons-lane-brookfield-qld-4069" target="_blank">Pullenvale home</a> of Brisbane wholesaler Doug Rylance and wife Chrysanthe.
They paid $2.4 million for the home back in 2009 shortly after it was remodelled.
The four bedroom, three bathroom home on over 1.1 hectares wasn't publicly marketed (above), but locals believe the price will be around $3 million.
The grounds features a 14 metre swimming pool with separate pavilion, a tennis court with self-contained pavilion and a 60 x 20 metre dressage arena that adjoins fenced paddocks.
There's American barn-style stables and storage and 100 year old Hoop Pines on the property.
It sits just six kilometres away from the Shand's former home which they sold recently.
The five bedroom Woodfield Road home, which also featured a swimming pool and tennis court, has been sold to interests associated with Morgans broking analyst Scott "Scooter" Murdoch
The Australian Financial Review noted a priority notice had now been registered on the title of the Woodfield Road property in the name of Murdoch's partner, Shontelle Thomas. 
Around $1.5 million was expected for the home bought for $993,000 back 2013.
Shand stepped down from the role of chief executive of Blue Sky in April.
 
 
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Former Blue Sky boss Rob Shand upgrades outside Brisbane

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Lani Mauna, set high on Brookfield's rolling hills, Queensland, remains for sale after its weekend auction.
There was a $3.11 million top bid.
It was designed by the architect Tim Ditchfield, with strong references to modern tropical architecture.
The one hectare block cost $1.5 million in 2011 at Brookfield, just 15 kilometres from the city centre.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/8/brook2.jpg" alt="">
It is listed through <a href="https://www.realestate.com.au/property-house-qld-brookfield-127440498" target="_blank">Queensland Sotheby’s International agent Douglas Tonkin.</a>
Ditchfield had also designed a similar house on the Sunshine Coast for the owners. 
The name is Hawaiian for “mountain reaching heaven”. 
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Lani Mauna remains for sale

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Lani Mauna, set high on Brookfield's rolling hills, has been listed for sale.
It was designed by the architect Tim Ditchfield, with strong references to modern tropical architecture.
The one hectare block cost $1.5 million in 2011 at Brookfield, just 15 kilometres from the city centre.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/8/brook2.jpg" alt="">
It is listed through <a href="https://www.realestate.com.au/property-house-qld-brookfield-127440498" target="_blank">Queensland Sotheby’s International agent Douglas Tonkin.</a>
Ditchfield had also designed a similar house on the Sunshine Coast for the owners. 
The name is Hawaiian for “mountain reaching heaven”. 
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Lani Mauna on Brookfield's hill for sale

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Construction has begun of Gallery House One, a $140 million tower in the $5 billion Northshore Hamilton riverfront precinct near Brisbane.
The investment by Brookfield Residential Properties' has tipped over $830 million.
Galley House One sales have reached over $100 million, with 80 percent of the 20 level tower sold. 
The tower comprises one, two, three and four bedroom apartments. Remaining apartments in the building start from $419,000, with two penthouses still available starting from $2,295,000.
A residents-only rooftop crowns Gallery House One and is complete with a 20 metre infinity pool, lounge and barbecue area.
The project's second and final tower, known as Gallery House Two (below), comes to the market with $34 million in sales from registered buyers.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/6/Gallery%20House%20Two.jpg" alt="">
Brookfield Residential Properties general manager Lee Butterworth said the success of the project proved that quality, riverfront property was in high demand in Brisbane.
"Gallery House has been a stand-out performer in the Brisbane apartment market, quickly gaining a reputation for luxury, riverfront living that offers city conveniences in a tranquil setting," he said.
"Turning the sod on Gallery House One is a major milestone - made all the more significant by the fact we have simultaneously successfully launched the second phase of the project, Gallery House Two.
"We have partnered with Multiplex to build these apartments to the highest standard and are looking forward to delivering our buyers their dream home."
Brookfield Residential Properties is the most active developer in the Northshore Hamilton precinct, having already delivered six apartment buildings as part of its neighbouring Portside Wharf retail and residential community.
Butterworth said the company's footprint in Northshore Hamilton would ultimately total $1.3 billion - making up a fifth of the entire $5 billion urban renewal project - the largest of its kind in Queensland.
"Brookfield recognised the potential of the Hamilton riverfront early and moved to control up to six hectares of unused State land that we have transformed from a disused industrial area into a thriving waterfront community," he said.
"Our Portside Wharf development was the catalyst for the rejuvenation of Northshore Hamilton and a transformative project for the entire suburb.
"Gallery House will continue this legacy, ensuring the Hamilton riverfront builds on its reputation of offering some of the best living opportunities in Queensland."
For more information on Gallery House <a href="http://gallery-house.com.au/" target="_blank">click here. </a>
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Construction commences on Brookfield's Gallery House

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Australian contractor Brookfield Multiplex is dropping Brookfield from its name and rebranding to Multiplex while still remaining a Brookfield company. 
Multiplex is owned by Brookfield Business Partners, the flagship listed entity of Canadian private equity firm Brookfield Asset Management.
The construction company was bought by Brookfield Asset Management for more than $4 billion in 2007.
John Flecker, chief executive officer of Multiplex Australasia, said, “This is a time for us to rebrand and to ensure our own unique construction identity both within the Brookfield group and with our external stakeholders as a global construction business.” 
“Aside from our name and logo changing, it’s business as usual. There are no operational or organisational changes being made.” 
Multiplex was established in 1962, and its projects are worth US$66.2 billion, according to a press release.
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Brookfield Multiplex rebrands to Multiplex, no change in ownership

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Cbus Property is set to kick off construction on arguably its two most prized Melbourne developments.

447 Collins Street has landed builder Brookfield Multiplex in an early contractor involvement role, with works to begin during September. Usurping 447 Collins Street with an August construction start will be Classic East Melbourne, with the ultra high-end residential development looking to take advantage of strong demand for luxury apartment living.

Prompting 447 Collins Street's move to construction is news that law firm King &amp; Wood Mallesons will anchor the commercial aspect of the development by taking 8,300sqm or 20% of the 49,000sqm of leasable commercial space available. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image97_0.jpg" rel="gallery-all" title="Collins Arch edges closer to reality"><img alt="" class="image-article-full-width-580px" height="281" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image97_0.jpg?itok=6NZ_RKrn" title="Collins Arch edges closer to reality" width="580"></a>

<figcaption>Collins Arch edges closer to reality</figcaption></figure>The development team will push for the project to become Melbourne's first <a href="https://www.wellcertified.com/well">WELL Building Standard</a>-rated commercial tower. A WELL rating pertains to a given building's built environment health with behavior, operations and design taken into account. With a 2019 completion date set, King &amp; Wood Mallesons staff will be among the many white collar workers within 447 Collins Street which will also sport extensive end of trip facilities.

With 447 Collins Street locked into construction Cbus Property and agent Colliers International will focus on leasing the balance of commercial space still available, whilst also preparing to launch the residential aspect of the project which will be known as Collins Arch. Marketing for the 205 luxury apartments will begin during September.

Meanwhile construction works are to commence next month on Cbus Property's Classic East Melbourne apartment project. The ultra-luxury development valued at $160 million is a joint venture with global property player Brookfield, finally realising plans to develop sites either side of the Pullman Hotel on East Melbourne's Wellington Parade.

Brookfield's entry into the Melbourne apartment market follows on from its acquisition of Thakral Holdings which initiated plans to develop the land holding the best part of a decade ago.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cbus9196_east_melbourne_apartments_e01_mosspenoch_hero-1.jpg" rel="gallery-all" title="Mosspenoch and 22 Clarendon in view. Image: CBUS Property"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/cbus9196_east_melbourne_apartments_e01_mosspenoch_hero-1.jpg?itok=fuPv6Ne8" title="Mosspenoch and 22 Clarendon in view. Image: CBUS Property" width="580"></a>

<figcaption>Mosspenoch and 22 Clarendon in view. Image: CBUS Property</figcaption></figure>Aimed squarely at the higher end buyer, apartments within the tri-building project will be priced between $1.4 million and $6.5 million.

Lovell Chen have devised apartments within the 1882 Mosspenoch building. Originally designed by Charles Webb, the grand home will now be refashioned into six three bedroom apartments of between 167 to 273sqm. Modern additions are by Bates Smart and take the form of a seven level building at 22 Clarendon Street and a fourteen level build dubbed Parade fronting Wellington Parade.

Dwellings within 22 Clarendon Street maintain average internals of over 200sqm whilst Parade with 49 apartments included, is topped with a garden penthouse holding 306sqm of internal living space.

Overall Classic East Melbourne will encompass 67 apartments with project completion set for early 2018.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cbus9196_east_melbourne_apartments_in04_cs_type_n3_living_view_01-1.jpg" rel="gallery-all" title="Room with a view. Image: CBUS Property"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/cbus9196_east_melbourne_apartments_in04_cs_type_n3_living_view_01-1.jpg?itok=NkXMuQdM" title="Room with a view. Image: CBUS Property" width="580"></a>

<figcaption>Room with a view. Image: CBUS Property</figcaption></figure>
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