Wyndham

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Wyndham Destinations Asia Pacific has bought Peppers Airlie Beach on the Whitsunday Coast.
The hotel, which was expected to sell between $15 and $20 million, will be re-branded Club Wyndham Airlie Beach Whitsundays and will be available for almost 60,000 Club Wyndham time-share owners.
As part of the acquisition, Wyndham Destinations Asia Pacific will also own and operate the on-site food and beverage and conferencing facilities.
Wyndham will take control of 59 of the 106 strata apartments. The rest are held in private ownership.
Barry Robinson, president and managing director, international operations at Wyndham Vacation Clubs, said "we are excited to secure this deal as we are committed to growing our presence in regional Australia and this acquisition is in line with that strategic intent.
<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/2019/12/2/Peppers%20Airlie.jpg" alt="">
The Club Wyndham Air Beach features an open-air restaurant and bar, infinity pool and spa, gym, conference facilities and undercover parking.
CBRE Hotels agents Wayne Bunz, Hayley Manvell and Paul Fraser secured the sale.
The four and a half star hotel, opened in 2009, has been operated by Accor under the Peppers brand.
Josh Thompson’s Latitude Development Group built the resort for about $80 million.
 
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jrobinson-rf4aSBido9

Wyndham buys Peppers Airlie Beach

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Cedar Woods' successful Williams Landing developments have proven popular among buyers, with the number of jobs within the area increasing by 36,747 over the decade between 2006 to 2016. Cedar Woods' State Manager Lloyd Collins shared some insight with Urban.com.au as to why the precinct has received such a great response from buyers. 

<h2>Cedar Woods' commercial project portfolio at a glance</h2>

<ul>
<li>111 Overton Road (strata office)</li>
	<li>101 Overton Road (strata office)</li>
	<li>Target Austalia</li>
	<li>Minister for Finance office</li>
	<li>Williams Landing Shopping Centre </li>
</ul>
Urban.com.au: With the recent success of Williams Landing, clearly there is a high demand for office space in Melbourne’s western suburbs. Is this a trend you expect to see from other outer-city suburbs, or are there particular characteristics that make Williams Landing unique?

Lloyd Collins: In recent years, we have seen Williams Landing step up as a major commercial hub in the west. As prices continue to rise in Melbourne’s CBD, we are definitely seeing a trend of businesses choosing to decentralise. We have a strong offer of economic rents, excellent rail and road links and retail amenities. Only 20km from the CBD and direct access to the Princes and West Gate Freeways, state-of-the-art train station, and major bus interchange makes Williams Landing Town Centre accessible to Melbourne CBD and Geelong. It’s attractiveness to the commercial sector is backed by our strong sales record – which includes welcoming Target to its new $58.2 million headquarters at the end of 2018, the rapid sell-out success of our first strata building 111 Overton Road, and the sale of the new Minister for Finance office building for $25.9 million. We’re also currently selling our fourth standalone commercial building, 101 Overton Road, which is already over 55 per cent sold.

U: What were the design and location considerations you explored in these developments, and what made them so attractive to buyers?

LC: As a master-planned community, all aspects of the development have been well considered – with design and location lying at the heart of it – to offer something attractive to both investors and occupiers. One of the main location considerations, for instance, was designing the masterplan to guarantee a short walking distance from the office to the train station, cafés, restaurants, shopping centre and open space. In order for Williams Landing to become a leading commercial precinct, we knew that high-quality, contemporary, light-filled office space at an attractive price point would have a strong appeal to businesses, investors and occupiers alike – particularly with the rising rental prices in Melbourne’s CBD. Our commercial buildings have been architecturally-designed by Gray Puksand and Hames Sharley to ensure the design is consistent, well thought out and well delivered.

U: Were the commercial office spaces designed with specific businesses in mind?

LC: We currently have 29,000 m2 of office space either completed or under construction – all of which have their own identity. For instance, our strata offices – both 101 Overton Road and 111 Overton Road – have been designed for small to medium-sized businesses. By offering a range of unit sizes, these commercial opportunities have presented a rare opportunity for many business owners to enter the commercial property market. Additional facilities, such as the in-building conference centre, allows further flexibility to conduct board meetings or presentations in state-of-the-art facilities. On the other hand, we have also developed larger, single occupancy commercial buildings for Target and the Minister for Finance – both of which have been designed to cater to their specific business requirements. For instance, Target wanted large floorplates for open workspaces, parking (for each of its 850 employees), whereas the Minister for Finance wanted certainty on planning and we were able to offer a 15-year lease and 24-hour offices.

U: With the increase of commercial buildings in the area, is there an equally high demand for residential dwellings?

LC: Absolutely. The Williams Landing masterplan shows a continuation of residential development opportunities within the town centre with apartment developments selling out before construction commencement. Williams Landing is unique as a residential growth suburb in Wyndham, with its population increasing to 7,100 residents in 2016. In response to this scale of growth, we recently launched our latest apartment building in Williams Landing, Lincoln Apartments, following strong demand for medium-density living - a trend we expect to see continue. Our apartments have achieved steady price growth, with the average apartment value in Williams Landing increasing by 16 per cent for two-bedroom residences and 13 per cent for one-bedroom residences. We have also recently launched the third release of our Addison Walk boutique land lots, which incorporates a mix of land and house and land package options.

U: What has been the highlight for you working on this project?

LC: A highlight for me has been the sheer scale of what we’ve achieved and delivered in a relatively short period of time. We spent a lot of time looking at the masterplan to create points of interest and now we are at a stage where we can see this come to life.

U: What do you expect Williams Landing to look like in 10 years’ time?

LC: In line with our masterplan, we believe that Williams Landing will stay true to its high-density vision and bring in more corporate and residential occupiers. We anticipate that Williams Landing will expand, with more people choosing to stay local. Our childcare centres, medical centres, gyms, alfresco licenced restaurants and cafés are well regarded and their success has directly encouraged new tenants and purchasers to move and invest there. The mix of users, employment and residential, should enable a vibrant community to further support the growth of the western region. We are committed to the Plan Melbourne idea of walkable 20-minute cities and believe that the creation of high-density mixed-use communities clustered around transport nodes is the way to achieve this. As the project develops, this will be a key aspect of life in Williams Landing.
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Olivia Round

Cedar Woods' Lloyd Collins explains the success of Wyndham's Williams Landing

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Late last week, Target Australia moved into its new eight-storey headquarters within the Williams Landing master planned community. Developed by Cedar Woods, the new building comprises 12,960 sqm pf A-Grade commercial space accommodating 850 Target employees and featuring a ground level cafe. The new building was completed by Hacer Group in November 2018

Williams Landing is located in Melbourne’s booming western corridor and has been designated as a Priority Development Area by the Victorian Government. According to Cedar Woods, Target’s move to Williams Landing reflects the area’s attractiveness as a growing commercial destination and will support job creation, benefit existing local businesses and attract other leading companies to the area. Upon securing Target as the anchor tenant for 10 years, Cedar Woods sold the building to Centuria Metropolitan REIT for $58.39 million.

Situated in the heart of the Williams Landing Town Centre, Target’s new headquarters is located directly opposite the Williams Landing Train station, providing employees with a 28-minute express service to Southern Cross Station. Employees are also within walking distance of the Williams Landing Shopping Centre, including Woolworths and a variety of licensed restaurants.

Target’s move to Williams Landing was celebrated on site at a ribbon cutting ceremony to mark the significant milestone with Wyndham City Council Mayor, Cr Mia Shaw, and representatives from Cedar Woods, Centuria Metropolitan REIT and other key stakeholders present.

Target’s relocation has been a catalyst for further growth at Williams Landing, with Cedar Woods recently stating it has a pipeline of over 20 commercial and residential sites in the Williams Landing town centre.The developer previously announced the completion of pre-sales at 111 Overton Road strata offices, currently under construction, and the pre-sale of 107 Overton Road to Hellenic Property Investments, which is fully leased to the Victorian State Government.

<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/cw_target.jpg" rel="gallery-all" title="The completed HQ for Target Australia. Image: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cw_target.jpg?itok=nazDE8gG" title="The completed HQ for Target Australia. Image: Cedar Woods" width="580"></a>

<figcaption>The completed HQ for Target Australia. Image: Cedar Woods</figcaption></figure>The opening of the Target Australia HQ caps off a big week for Wyndham, following the announcement last week of a new Western Melbourne team entering the A-League competition, and with it investment in <a href="https://www.urban.com.au/news/western-melbourne-group-successful-in-its-a-league-bid">a new 15,000-seat stadium and wider mixed-use precinct</a> as part of a major urban renewal undertaking in Tarneit. 

<h2>What they say...</h2>

<blockquote>
“We’re extremely excited to welcome all 850 Target employees to their new premises in Williams Landing. This is the first of three commercial office buildings under development in the area which has become an emerging commercial precinct outside of Melbourne’s CBD.

With the rise in economic activity and more commercial buyers looking and investing in the west, it’s encouraging to see Williams Landing becoming a thriving commercial hub in Melbourne’s western fringe.

Target’s relocation represents an exciting time for the Williams Landing community. Due to the ongoing strength of the suburb, with its affordability and growth prospects, Williams Landing is becoming increasingly attractive to purchasers, investors and businesses alike.”

- Lloyd Collins, Cedar Woods Victorian State Manager
</blockquote>

 

<blockquote>
"On behalf of my councillor colleagues and the people of Wyndham I’m thrilled to officially welcome Target Australia’s National Headquarters to Williams Landing. This is a wonderful opportunity for our city.”

- Cr Mia Shaw, Wyndham Mayor
</blockquote>

 

<blockquote>
"We’re delighted to have Target Australia, which is backed by Wesfarmers, as a tenant for the next 10 years. This is a high quality, fit for purpose, first generation asset and it is a landmark project we’re proud to be a part of.

This is already proving to be a strong asset for Centuria Metropolitan REIT. We saw Williams Landing as an emerging metropolitan market twelve months ago when we purchased the property and have witnessed strong growth over this period.

We have a great working relationship with Cedar Woods, and we’re looking forward to doing business with them again in the future.”

- Doug Hoskins, Centuria Metropolitan REIT (CMA) Acting Fund Manager
</blockquote>
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Laurence Dragomir

Target Australia Moves Into New Headquarters in Williams Landing

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A new purpose-built A-League football stadium to be built in Melbourne's west received a major boost when the A-League announced a new Western Melbourne team had been successful in its bid to enter the competition.

On greenfield land located on the periphery of western Melbourne, the Sayers Road site is close to the Geelong railway line which as part of the recent state election, could be in the running to have electrified metro services running past in the near future.

The A-League team and development proponent, <a href="http://www.westernmelbourne.com/">Western Melbourne Group</a>, has stated in the past that it would not be seeking significant public investment to develop the stadium and precinct in Wyndham.

The stadium would seat 15,000 people, include training facilities and the precinct could also include a higher-education campus and conference and hotel facilities.

In June 2018, the Wyndham Mayor, Cr Peter Maynard, backed the WMG's proposal.

<blockquote>
"If successful, this project will mean great things for our local area. It will bring people from across Australia right here to Wyndham to watch on as the nation’s best football players battle it out on the field.

The value of this landmark deal for our community will be massive, positioning us as a destination of choice, and putting us on the national and international sporting stage.

We’re also looking forward to the economic boost this project could bring to Wyndham. Hundreds of jobs will be created through the construction phase, and we’ll see more created once the stadium is up and running.

There is also a plan to co-locate a university offering as part of the sports science precinct and sports centre of excellence, creating more educational opportunities for our residents.

We’re confident this project will be a catalyst for other investors. It’s brilliant to see that Western Melbourne Group Holdings, led by Maurice Bisetto, have seen our region for what it is – a thriving area worthy of significant investment.

Wyndham is definitely open for business!"
<cite>Cr Peter Maynard, Wyndham City Mayor</cite>
</blockquote>

The Western Melbourne A-League team would enter the competition in 2019/2020, playing its first games at Kardinia Park in Geelong while its own stadium is under development.

<h2>Adjusting the scope of the Western Melbourne Rail Plan</h2>

Melbourne knows quite well how to make a stadium a success - you need high-quality public transport (read: heavy rail / trains) servicing it. Just look at Waverley/AFL Park's demise versus the the usage at the MCG and Marvel/Docklands Stadium.

<a href="https://www.google.com/maps/@-37.8376473,144.6222823,3535m/data=!3m1!1e3">The site</a>, as quoted in <a href="http://www.starweekly.com.au/news/wyndham-council-backs-a-league-club-stadium-for-tarneit/">this Star Weekly report</a> from earlier in the year, lies right next to the Regional Rail Link corridor which currently forms part of the Geelong line.

In the recent state election campaign, the Andrews Government promised to conduct a Western Melbourne Rail Plan alongside completing its Melbourne Airport Rail Link and Higher-speed services to Geelong/Ballarat studies.

While still a work in progress, the Andrews Government did moot track quadruplication from Sunshine to Deer Park (the junction of the Ballarat and Geelong lines) and from Deer Park to West Werribee - this would allow electrified metro services to operate separate from express/regional services to Geelong and Ballarat.  

Perhaps those plans - should they eventuate - should include a brand new station as well.
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