Latest news with #Mirvac
AU Financial Review
a day ago
- Business
- AU Financial Review
Mirvac says Melbourne office market is stabilising
Property group Mirvac has signed up tenants Aecom and Work Club to 7 Spencer, the $480 million, 22-storey office building it expects to complete early next year at Northbank on the Yarra River edge of the Melbourne CBD. The engineering consultancy has taken 3500 square metres and the coworking space provider 3600 square metres, together accounting for 16 per cent of the 44,500-square-metre building developed and half-owned by ASX-listed Mirvac and half-owned by Japanese developer Daibiru.
News.com.au
4 days ago
- Business
- News.com.au
Docklands penthouse with a four-car garage and lift for sale
A luxurious property described as Docklands' best penthouse is on the market with a $6.8m-$6.9m asking range. The six-bedroom home at 3801/100 Lorimer St features a separate four-car garage, internal lift, a north-facing terrace and a balcony fitted with a heater and barbecue. O'Brien's Julie Zucha and John Rombotis have the listing. 'I think that it's the best penthouse in all of Docklands, it has panoramic, uninterrupted views across the Yarra River and Melbourne CBD's skyline,' Ms Zucha said. 'You're 38 levels up and the home is split across two levels, it's private and very secure.' Four of the bedrooms have an ensuite, while the main bedroom includes a walk-in wardrobe and bathtub with river views. The kitchen showcases Gaggenau appliances such as dual ovens and a steam oven, plus a butler's pantry. Mr Rombotis said the home was located in a Mirvac-built tower, construction was completed in 2015. 'It is pretty much very new, not even one appliance in the kitchen has been used,' Mr Rombotis said. The owners travel a lot and when in residence they enjoyed ordering food from the many eateries nearby, he added. Other features include zoned ducted airconditioning, a downstairs powder room and an upstairs room with a pool table. The building offers a concierge service, an indoor pool, spa, sauna and gym to residents. Mr Rombotis said they had received calls from international-based buyers about the penthouse. 'It would suit a family who are seeking to live in the city or someone wanting a CBD base,' he said. The residence is close to Southbank's dining and retail offerings, Southern Cross train station, the Arts Centre Melbourne and Melbourne's CBD. Expressions of interest close August 8.
Sydney Morning Herald
11-07-2025
- Business
- Sydney Morning Herald
Race club takes property giant to court over $70 million land deal
The race club at the centre of the failed Rosehill sell-off for housing is embroiled in a legal dispute with Mirvac over a $70 million deal to build apartments on land next to Canterbury Park Racecourse. Just weeks after its members voted down the $5 billion proposed sale of the western Sydney track, it has emerged that the Australian Turf Club has raced to the NSW Supreme Court to prevent another development plan from falling over. The club, which also owns Randwick, Rosehill and Warwick Farm racecourses, has launched proceedings against Mirvac after the property giant sought to tear up a 2017 partnership to develop a block adjacent to Canterbury Park. Mirvac also wants repayment of an $8 million access fee from the cash-strapped ATC, which stands to net as much as $70 million from the full sale of the grassy site. After years of local political resistance and opposition from community groups, the 1.28 hectare parcel was rezoned for high-density residential use six weeks ago as part of the Minns government's push to address the state's housing shortage. It paves the way for the project of about 200 units to proceed, eight years after it was conceived. But a pre-existing stipulation requiring the land to be available as an overflow car park for night racing meetings remains in place, presenting a major hurdle for new dwellings going up. That long-standing condition imposed by Canterbury-Bankstown City Council was a trigger for Mirvac to pull out and demand its money back, said sources unable to speak publicly. The race club's case against the $8 billion company, which is scheduled to be heard in Sydney next Friday, is that its grounds for termination are invalid.
The Age
11-07-2025
- Business
- The Age
Race club takes property giant to court over $70 million land deal
The race club at the centre of the failed Rosehill sell-off for housing is embroiled in a legal dispute with Mirvac over a $70 million deal to build apartments on land next to Canterbury Park Racecourse. Just weeks after its members voted down the $5 billion proposed sale of the western Sydney track, it has emerged that the Australian Turf Club has raced to the NSW Supreme Court to prevent another development plan from falling over. The club, which also owns Randwick, Rosehill and Warwick Farm racecourses, has launched proceedings against Mirvac after the property giant sought to tear up a 2017 partnership to develop a block adjacent to Canterbury Park. Mirvac also wants repayment of an $8 million access fee from the cash-strapped ATC, which stands to net as much as $70 million from the full sale of the grassy site. After years of local political resistance and opposition from community groups, the 1.28 hectare parcel was rezoned for high-density residential use six weeks ago as part of the Minns government's push to address the state's housing shortage. It paves the way for the project of about 200 units to proceed, eight years after it was conceived. But a pre-existing stipulation requiring the land to be available as an overflow car park for night racing meetings remains in place, presenting a major hurdle for new dwellings going up. That long-standing condition imposed by Canterbury-Bankstown City Council was a trigger for Mirvac to pull out and demand its money back, said sources unable to speak publicly. The race club's case against the $8 billion company, which is scheduled to be heard in Sydney next Friday, is that its grounds for termination are invalid.
The Age
26-06-2025
- Business
- The Age
This Sydney landmark is crossed 16,000 times a day. It's about to get a $60m makeover
In 2018, work started on a $23 million restoration project to replace damaged ironbark piers – some that were well below the waterline – and truss sections over five years. There was also water damage from digging through the deck for the bridge's now-defunct monorail pylons that had to be repaired. The bridge is heavily used by commuters, residents and tourists. Tensions between pedestrians and cyclists prompted authorities to turn it into a shared zone with a 10km/h speed limit. Bicycle NSW chief executive Peter McLean is among advocates for a separated or marked cycleway. 'I think most of the funding in this year's budget will be soaked up for maintenance and rehabilitation of the asset itself which we won't necessarily see, but nevertheless it's important to its structural integrity going forward. We want it to be there in another hundred years' time. 'It's always going to be an area of challenge because of that heavy utilisation and the tourist component. I'd always caution bicycle riders to be very vigilant and cautious around there.' Pedestrian Council of Australia chairman Harold Scruby agreed: 'I think the Pyrmont Bridge should have a separated cycleway or cyclists should have to dismount. It's a pedestrian thoroughfare.' Plans to restore the bridge coincide with a wave of residential and commercial projects destined to draw more people and concentrate attention west of Sydney's city centre in coming decades. Developer Mirvac is forging ahead with its $2 billion redevelopment of the nearby Harbourside shopping centre, with a 42-storey apartment tower, offices, restaurants, bars and shops. The project includes a recently approved 3500 square metre waterfront garden to be built adjacent to the bridge. There are also plans, which the state government is assessing, to erect a 40-storey office complex at the opposite end of Pyrmont Bridge as part of the $650 million Cockle Bay Wharf redevelopment. Loading The Pyrmont Peninsula Place Strategy, which was finalised in 2020 to guide development for the next two decades, earmarked the area for 4000 homes for 8000 residents and 23,000 new jobs. Also under construction are the Pyrmont metro station and the new Sydney Fish Market at Glebe. About 1500 apartments will be built on the old fish market site on the Pyrmont side of Blackwattle Bay. McLean said: 'The quickest way of getting to those new key amenities or transport hubs will be walking or riding. Pyrmont Bridge is also just a stunning, beautiful walk. It's only going to continue to grow in popularity from an active transport, recreational and a tourism point of view.'
