Council Set to Slam Road Project
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CBD News Editions 38 – December 2017 / January 2018
FOR THE MONTHS OF DECEMBER 2017 & JANUARY 2018 ISSUE 38 WWW.CBDNEWS.COM.AU 㿱 25 亥 FREE ON THE OTHER SIDE YEAR OF THE DOG IS COMING CAPITOL THEATRE APPEAL FLINDERS ST REVEALED - page 2 - - page 5 - - page 6 - - page 11 - City Square cash deal By Shane Scanlan said. “But, one way or another, we’ll have the cash to buy back the public space.” Fears have been allayed that Cr Wood said the council decided the sale and repurchase of the square was the City of Melbourne may not the cleanest way to deal with the matter have the cash to buy back the because it was not known what condition or remaining parts of the square would City Square when the Metro be available when the rail project was Tunnel project is complete. completed. “We don’t know at this stage exactly how Th e council earlier this year sold the square much of the square will be used for Metro to the State Government for around $67 Tunnel,” Cr Wood said. million and it was feared the money would “We know there will be less public open be spent on the Queen Victoria Market space, but not the absolute fi nal design. (QVM) renewal project. However, the City of Melbourne is working In April 2014, the council resolved to with Metro throughout the entire process establish a fund to pay for the QVM. to ensure the fi nal design is mutually benefi cial for everyone, most importantly It also resolved: “Commencing from 1 the residents, workers and visitors to the July 2014, all profi t proceeds from the sale city.” of any other surplus or redundant City of “Th e cleanest way is to sell the lot and Melbourne land holdings will be deposited negotiate the repurchase when the time into the fund.” comes at the mutually agreed value, But Deputy Lord Mayor and fi nance chair providing it is in line with the approved Arron Wood says funds received from masterplan.” the sale of the City Square will be held in “It was impossible to negotiate a binding trust to an agreed amount currently under agreement when there was so many negotiation with the Valuer-General. -
TAA (Vic) Current and Future Hotel Developments August 2019
TAA (Vic) Current and Future Hotel Developments August 2019 Hotel Market Outlook 2 Supply and Demand 3 Australian Key International Visitor Trends 7 Australian Key Domestic Visitor Trends 9 Demand Drivers 11 Major Stakeholders 13 New Projects Announced 14 Development Summary Melbourne (including inner suburbs, city and surrounds) o New hotel openings 17 o Under Construction 18 o Approved 19 o Proposed 22 Suburban developments 24 Regional developments 25 Hotel openings over the past 12 years (Melbourne) 27 Tourism Accommodation Australia (Victoria) 1 Market outlook remains broadly positive Prevailing economic conditions “Slowing global growth and a pick up in the pace of housing price losses weighed on consumer spending and household construction over the second half of 2018.” - “Looking forward, a restrained household sector will continue to weigh on growth, but will somewhat be offset by increased government spending and exports growth.” - “Continued falls in the value of their largest asset have prompted households to be more cautious with their wallets, while also causing developers to think twice before beginning new construction projects.1” - Combined, the slowdown in household consumption growth and retreat in dwelling investment were responsible for about half the decline in economic growth (the economy grew at an annualised rate of 3.8 per cent over the first six months of 2018, falling to 0.9 per cent, post a significant slowdown over the balance of the year) (Ibid). - Spending on infrastructure projects by state governments across Australia’s fastest growing cities, the continued rollout of the National Disability Insurance Scheme and tax cuts announced in the Federal Budget will assist to offset future declines in economic activity (Ibid). -
Download Brochure
WHERE ELEGANCE COMES NATURALLY Public gardens and central laneway | Artist’s impression As the final chapter of West Side Place, The Park Release celebrates the beautiful public gardens that connect this new CBD precinct, along with the striking views across the evergreen Flagstaff Gardens. P. 02 WEST SIDE PLACE The Precinct Situated in the heart of Melbourne, this world-class development’s four towers offer luxury residences, hotel accommodation, personalised amenities, access to public leisure space and endless retail options, with encompassing views across the bay and cityscape. Striking a balance between opulence and the beauty of nature, the West Side Place precinct is bound to become a go-to destination in its own right. South view across Flagstaff Gardens to West Side Place (aerial taken April 2018) | Artist’s impression P. 05 The towers of West Side Place have been designed by renowned architects Cottee Parker to capture breathtaking views of the inner-city precinct’s surrounding landscape. A striking, angled glass facade weaves throughout the tower exterior using a folding and terracing effect for a sophisticated, contemporary look. Meanwhile, soft honey tones highlight key architectural features and accent breaks. Each tower is composed of a six-sided floor plate, allowing for maximum solar exposure and superior view lines. The three-dimensional and sculptural nature of the project invites engagement from multiple facets for residents. Aerial view of central laneway and public gardens | Artist’s impression P. 06 THE WORLD’S MOST PRESTIGIOUS HOTEL MEETS A NEW HEIGHT OF LUXURY LIVE WHERE THE WORLD’S ELITE COME TO STAY West Side Place will be anchored by The Ritz-Carlton, the top luxury hotel brand in the world. -
Double Whammy for CBD Traders Along the Eastern Edge of the CBD
FOR THE MONTH OF SEPTEMBER, 2015 ISSUE 13 WWW.CBDNEWS.COM.AU FREE FOOD / EVENTS / NIGHTLIFE / LUNCH TIME / AFTER WORK / THE WEEKEND pages 12-15 COUNCIL IS ROLLING IN CASH TRAM STOP PLAN REVEALED DUCKBOARD BOOK LAUNCH STATE ACTS ON SMOKING - page 3 - - page 4 - - page 7 - - page 9 - Independence celebrations Indian Independence Day was celebrated in style last month. Federation Square was the focus of the day on August 15, which saw a fl ag-raising, dancing and celebrity heart-throbs. Th e Indian Film Festival of Melbourne also kicked off during the weekend. A Bollywood dance competition was popular with 31 teams of dancers selected from around Australia, New Zealand and Fiji participating. Among the judges were actress Kangana Ranaut, heart-throb Imran Khan and director Nikhil Advani. Double whammy for CBD traders along the eastern edge of the CBD. this year’s parade to assess whether the in that context. We will work closely with the money it contributes continues to activate AFL to ensure that city businesses continue Th e previously joyous thoughts Th is year’s parade starts at the Old Treasury CBD businesses. to benefi t from the AFL Grand Final Parade Building, travels south down Spring St before of another AFL grand fi nal in future years.” have turned to despair for turning left into Wellington Pde and making Th e council’s marketing chair, Cr Beverley its way to the MCG. Pinder-Mortimer, said she was disappointed Collins Street Precinct president Mary city retailers who are about to that the parade had been re-routed. -
Media Release
MEDIA RELEASE EMBARGOED THURSDAY 4TH APRIL 2019, 5:00PM MELBOURNE CBD’S TALLEST BUILDING, AURORA MELBOURNE CENTRAL, TOPS OUT • UEM Sunrise and Probuild celebrate the structural topping out of Aurora Melbourne Central in Melbourne • At 289m AHD, the mixed-use tower comprising of residential, serviced apartment, retail and commercial space is the tallest in the CBD • The project is creating more than 500 new ongoing employment opportunities and over 3000 jobs during construction Melbourne, Australia: Leading Malaysian property developer, UEM Sunrise, and Australian Tier 1 contractor Probuild are proud to announce that Melbourne CBD’s new tallest and most significant tower, Aurora Melbourne Central, has officially reached its highest point. Topping out at a staggering 289m AHD, Aurora Melbourne Central is an 88-storey mixed-use development comprising 959 residential apartments, 252 serviced apartments, office suites and premium retail space. Having now reached its structural peak, it towers over the CBD’s current tallest tower, The Rialto, which is at 270m AHD. UEM Sunrise Managing Director and CEO, Anwar Syahrin Abdul Ajib, said that this is not only a major milestone for UEM Sunrise, being the company’s second project to top out in Australia in the past 12 months, but also a testament to the growth of Melbourne’s prospering CBD. “Aurora Melbourne Central is UEM Sunrise’s flagship development in Australia, so it is a very important moment for us to see it structurally reach its peak. It is a testament to the work of all parties involved in the project, including our construction partner Probuild, that it has been so successful thus far, and it’s fantastic that we are able to celebrate this milestone together. -
Information Only
Annual General Meeting - 2018 Adam Lamond Managing Director Slide 1 Veris is a national professional services business offering surveying, professional and advisory and geospatial services Slide 2 FY2018 Financial Dashboard Revenue EBITDA1 NPATBA2 $106.8m $11.2m $11.2 $5.3m $5.3m 45%45% 96%96% 92% 92% Cash Dividend Per Share Net Debt $106.8m $11.2 $5.3m $5.6m 0.5 cents $8.0m 45% 96% 92% 1. EBITDA is a non-IFRS measure 2. Underlying NPATBA Slide 3 Note: % increase from prior period represents the movement from continuing operations FY18 Results Overview $m FY18 FY17 Revenue 106.8 73.5 EBITDA 11.2 96% 5.7 Depreciation (3.6) (3.7) Acquisition related costs (1.6) (1.2) Restructuring costs1 (1.8) (0.9) Share-based payments (1.0) (0.3) EBITA 3.2 900% (0.4) Amortisation (4.1) (4.2) EBIT (0.9) 80% (4.6) Net interest expense (1.0) (0.6) Profit before tax (1.9) (5.2) Income tax benefit/(expense) 0.9 3.8 NPAT (1.0) (1.4) Amortisation net of tax 2.8 2.9 NPATBA 1.8 20% 1.5 Note 1: FY18: includes costs associated with the restructuring and integration activities for the surveying business Note 2: FY17 restated for continuing operations Slide 4 FY18 Balance Sheet $m FY18 FY17 Cash 5.6 14.6 Elton Purchase Consideration $000 Receivables 30.9 16.0 Net Assets acquired 1,853 Work in progress 10.5 4.6 Brand 293 Other current assets 1.7 1.1 Customer relationships 3,496 Plant and equipment 15.2 11.0 Goodwill 12,251 Intangibles 58.6 40.5 Total Purchase consideration 17,893 Deferred tax asset 6.3 7.6 TOTAL ASSETS 128.8 95.4 Payables 17.5 7.3 LANDdata Purchase -
The Highest Residences in the Southern Hemisphere
THE HIGHEST RESIDENCES IN THE SOUTHERN HEMISPHERE 70 SOUTHBANK BOULEVARD ARTIST IMPRESSION Australia 108, luxury skyhomes in the heart of the world’s most liveable city. Melbourne, Australia. ARTIST IMPRESSION “Australia 108 is a highly sculptural residential by the Commonwealth Star on the Australian tower unlike any other in Australia. The starburst flag and is an obvious celebration of the sense which contains the resident facilities is inspired of community within the building.” MELBOURNE ARTIST IMPRESSION BESPOKE LUXURY THE BEAUTY INSIDE Australia 108 is designed by world “The interior design builds on the feminine renowned architects Fender Katsalidis. curves of the architecture. Envisioned Karl Fender and Nonda Katsalidis have as a ‘queen,’ the building shimmers produced some of the finest buildings in with an appropriately majestic colour Australia and around the world. palette – a luxurious hotel-style scheme The firm’s latest architectural masterpiece with an understated materiality of rich is a highly sculptural residential tower natural textures.” Carr Design Group has unlike any other in Australia. Its slender a fascination for putting all the design form is highlighted at the higher levels subtleties together to create beautiful by a golden starburst expression and then solutions that are very strong. ARTIST IMPRESSION morphs into a curvaceous profile against Led by the much lauded Sue Carr, Carr the sky. The starburst which contains Design Group is one of Australia’s most the resident facilities is inspired by the influential multidisciplinary design firms. Commonwealth Star on the Australian flag Their building designs are distinctive, often very sculptural in form. The Award-winning architect and new National For over 40 years, the group has maintained Australia. -
Designing Global Skylines Our Global Portfolio of High-Rise Projects Designing Global Skylines
DESIGNING GLOBAL SKYLINES OUR GLOBAL PORTFOLIO OF HIGH-RISE PROJECTS DESIGNING GLOBAL SKYLINES “ENGINEERING HIGH-RISE CONTENTS BUILDINGS IS HALF ART, HALF SCIENCE – AN ARTFUL DESIGNING GLOBAL SKYLINES 04 APPLICATION OF SCIENCE OUR PROJECTS 09 EMPOWERED BY EXPERIENCE.” THE ONLY WAY IS UP 10 NORTH AMERICA 12 AHMAD RAHIMIAN, DIRECTOR OF BUILDING STRUCTURES, USA EUROPE, MIDDLE EAST AND AFRICA 32 CHINA AND SOUTH EAST ASIA 52 AUSTRALIA 70 OUR SERVICES 78 ABOUT US 80 CONTACT DETAILS 82 Image of 111 West 57th Street courtesy of JDS 3 DESIGNING GLOBAL SKYLINES DESIGNING GLOBAL SKYLINES DESIGNING GLOBAL SKYLINES FOR MORE THAN A CENTURY WSP | PARSONS BRINCKERHOFF HAS BEEN HELPING TO SHAPE THE SKYLINE OF CITIES THROUGHOUT THE WORLD. WE’RE LEADERS IN THE DESIGN OF TALL BUILDINGS, PIONEERING THE TREND TO BUILD HIGHER AND SLIMMER TO OPTIMISE VALUABLE REAL ESTATE IN OUR DENSE URBAN ENVIRONMENTS. Our expertise makes it possible for architects BUILDING HIGHER AND SLIMMER to push the boundaries of their aesthetic THAN EVER BEFORE visions and for our clients to realise their goals. Our engineers are enabling a new generation We have a long history of innovation and a of landmark mega-towers and super-slender reputation for meeting engineering challenges buildings. with imaginative thinking coupled with common sense solutions. Buildings engineered Through our innovative design approach and use by WSP | Parsons Brinckerhoff stand the test of materials we ensure that the form and function of time and make a positive contribution to our of our mega-towers are perfectly adapted to the cities’ economies, society and the environment. different needs of the people who use them. -
TAA (Vic) Current and Future Hotel Developments November 2019
TAA (Vic) Current and Future Hotel Developments November 2019 Prevailing market conditions 2 Tourism forecasts – Victoria snapshot 4 Sporting and cultural event visitors – Victoria 5 Market conditions 7 Supply and demand 8 New Melbourne supply 9 Travel trends 11 Regulation 12 Key International Visitor Trends 14 Domestic tourism in Australia 16 Demand drivers 19 Major stakeholders 20 Regional Victoria 22 Development Summary Melbourne (including inner suburbs, city and surrounds) o New hotel openings 24 o Under Construction 25 o Approved 26 o Proposed 29 Suburban developments 31 Regional developments 32 Hotel openings over the past 12 years (Melbourne) 34 Tourism Accommodation Australia (Victoria) 1 Market outlook remains broadly positive Prevailing market conditions – Australia In 2017/18, tourism remained one of Australia’s fastest growing industries, where tourism-related GDP grew at 5 per cent (inflation adjusted). Our industry now also contributes more to Australia’s economy than traditionally strong sectors such as agriculture, forestry, fishing, utilities and information and media and communications.1 - Tourism-related spending is expected to increase by 4.6 per cent, from $148.7b in 2018/19 to $155.6b in 2019/20 - A further $7.5b increase to $163.1b is expected in 2020/20212 - Although expected to continue to increase, visitation from China is expected to slow, as trade tensions with the USA continue to bite (Ibid). Emerging markets of India, Malaysia and Indonesia “will contribute 16.7 per cent of growth, over the next two years (Ibid). By 2023/24, India is expected to surpass Japan as a ‘top five’ source market for Australia, while other positions in that group will remain unchanged. -
Buyers Use Gumtree to Sell Discounted Luxury Apartments Australia 108, Aurora
Buyers use Gumtree to sell discounted luxury apartments Australia 108, Aurora Australia 108, the tallest residential building in the Southern Hemisphere. Some apartments are being sold on the cheap by struggling investors. Supplied by Larry Schlesinger Foreign investors are selling discounted apartments in iconic Melbourne high-rise developments like Australia 108, Aurora and Premier Tower on classified websites like Gumtree before settlement as they battle to secure bank funding. Among the discounted offerings, a Queensland-based investor is selling a 49 square metre one-bedroom apartment in Australia 108, the tallest residential building in the Southern Hemisphere, for $459,000 – having bought it off the plan for almost $500,000. "Big price drop," reads the ad for the apartment. In Singaporean developer Fragrance's Beyonce-shaped Premier Tower, also under construction, a two-bedroom, two bathroom apartment is being offered for sale for $650,000, well under the $700,000 asking price for similar sized two-bedroom apartments. Sales in the development have been stuck at about 74 per cent. One agent marketing apartments on the Gumtree said she had numerous apartments to sell in Premier Tower. "About half of these buyers can't get a loan," she said. Other developments being sold on the cheap include Far East Consortium's multi- tower West Side Place, which will include a new Ritz-Carlton hotel. The Gumtree ad, written entirely in Mandarin, says the first offerings in the development had been "robbed hot" and urges buyers not to miss out on the "Melbourne King". However, the prices appear to be lower than those advertised online by the project's marketing agent Colliers International. -
Designing Skyscraper Cities /// a Wsp | Parsons
DESIGNING SKYSCRAPER CITIES /// A WSP | PARSONS BRINCKERHOFF PUBLICATION CONTENTS 04 THE RENAISSANCE OF TALL Skyscrapers are being completed at a rate of nearly 350 a year. What can we expect from this new WELCOME high-rise generation? WE ARE IN A ngineering is not just about 16 THE SKY AND OTHER LIMITS E science and technology, but The many challenges of planning skyscraper cities GLOBAL AGE experience. We have been designing iconic, efficient tall buildings for 26 FAR WEST SIDE STORY OF TALL AND more than 50 years, and it’s that How a Manhattan railyard became the US’s biggest experience that makes us unique. Around SUPER-TALL ever real-estate development the world, we are combining the latest BUILDINGS. IT’S tools and technologies with an in-depth 32 AN ICON FROM EVERY ANGLE understanding of how tall buildings behave One World Trade Center has rewritten the rulebook on IMPORTANT TO to create the next generation of towers. tall building design CONSIDER ALL OF In this magazine, we discuss many of THE IMPLICATIONS the engineering and architecture 42 THE RISING CONTINENT challenges, but also speak to architects, Ahmad Rahimian The Asian-inspired skyscrapers transforming planners, developers and clients for a more Ahmad Rahimian Australia’s skylines complete overview of the requirements Director of Building Structures, USA and economics of tall buildings and what 48 THE VERTICAL SOCIETY they will mean for cities. Preparing for a future of living, working and playing Many of these discussions took place in at great height the WSP | Parsons Brinckerhoff host room at the 2015 Council for Tall Buildings and 56 RETURN TO SLENDER Urban Habitats conference in New York. -
Bates Smart Brilliance Introducing a New Standard in Elegance
BATES SMART BRILLIANCE INTRODUCING A NEW STANDARD IN ELEGANCE. AUSTRALIA’S MOST PRESTIGIOUS ADDRESS. AN ENDURING ARCHITECTURAL ACHIEVEMENT FROM BATES SMART. PAGE 02 – 03 MELBOURNE THE WORLD’S MOST LIVEABLE CITY NEW WORLD BENCHMARK Acknowledged on the world stage as one of the great modern cities, Melbourne is renowned for its global cultural and commercial connections. Elegant architecture and natural beauty enhance this thriving metropolis, increasing its unique appeal. Secure and sophisticated, with an energetic and imaginative spirit, Melbourne is a city of influence. A BUSTLING AND BEAUTIFUL CITY ACTUAL SOUTH VIEW PAGE 04-05 HISTORICBUILDINGS COMPANYWITH MELBOURNE’S MOST AN AVENUEMAJESTIC OF TREES KEEP COLLINS STREET AN ESTEEMED TREE-LINED BOULEVARD ARTIST IMPRESSION PAGE 06-07 MELBOURNE, AUSTRALIA’S MOST SOPHISTICATED CITY COLLINS STREET Home to cultural icons, fashion houses, corporate leaders and heritage architecture, the iconic Melbourne boulevard presents the best Melbourne has to offer. COLLINS STREET, MELBOURNE’S MOST PRESTIGIOUS ADDRESS PAGE 08-11 COLLINS STREET, MELBOURNE’S GOLDEN MILE RICH IN HISTORY Once the British Empire’s largest and wealthiest city after London, Melbourne’s gold rush stimulated an architectural boom, transforming Collins Street into the celebrated Golden Mile. The striking neo-Gothic and Italianate bank and insurance buildings remain today, still surrounded by handsome stone churches and the country’s most fashionable stores. NO600 NO555 NO525 NO495 NO460 NO433 NO394 NO267 NO191 NO139 NO101 MANDARIN