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http://www.frasersproperty.com.au/NSW/Clemton-Park
Urban oases created to last family a life time
Brendan Wong
605 words
24 Oct 2015
Daily Telegraph
DAITEL
English
House-like units with added communal extras are rapidly becoming the norm for Sydney’s finite land resources, writes Brendan Wong
Owning a quarter-acre block has always been the Australian home ownership dream, but affordability and lifestyle factors are prompting Sydneysiders to embrace apartment living.
For many, the love of houses remains and developers are trying to scratch that itch by offering more house-like features in off-the-plan projects, such as rooftop terraces and community gardens.
NSW design manager at Frasers Property Australia Simone Dyer said developers’ inclusion of communal facilities in projects was a response to the growing trend of young families buying new units.
“There are price point reasons, but the new generation of families are happy to live in a more urban form if there are good surrounding amenities in the open space within the development and also the ability to connect to local schools and transport,” Ms Dyer said.
At Clemton Park Village, in southwest Sydney, Frasers are building their masterplanned community. When completed in mid-2017, it will feature a retail precinct with a supermarket, community centre, communal garden, playgrounds and fitness equipment. “We designed the open space so people can invite their extended families and don’t have to compromise,” Ms Dyer said.
Clemton Park was also designed with a “whole life” approach, with the inclusion of a 75-place childcare centre and an aged-care facility.
“It provides all the options for you to live in an apartment over your whole life,” Ms Dyer said.
Some projects, such as The Address at Wentworth Point, offer communal work spaces with free Wi-Fi, a library and a music room.
At Oasis by Crown Group, in Ashfield, residents have access to a theatrette and a piano room. And the disused Flour Mill site at Summer Hill is being transformed into 380 apartments with studio spaces, public parks and gardens.
Principal of design firm HASSELL Matthew Pullinger said the development was designed to foster community connection.
“The idea was that it wasn’t just a bunch of apartment buildings, but a complete urban environment,” Mr Pullinger said.
“It’s more than just buying an apartment, it’s about buying a wonderful lifestyle, a wonderful access to the city or to open space and recreation opportunities.”
PERFECT FIT AFTER MONTHS OF HUNTING IT TOOK several months for Cindy Lau and Chun Tam to find the right home that was close to their parents in Beverly Hills and Campsie and had family friendly amenities.
When they visited Frasers Property’s development at Clemton Park in Sydney’s southwest, they knew instantly that it ticked all their boxes, especially with the arrival of their daughter Mia (now seven months old).
“It’s not a closed high-rise apartment. It’s got a lot of green grass and trees,” Ms Lau said. “There are lots of green areas for Mia to play in when she grows up a little bit.
“They have got a childcare centre on site. I don’t know if Mia is going there in the future but it’s something close and something we can think about.” The communal facilities were also a major drawcard for the couple. “It’ll be nice when we invite friends over. Instead of having a barbecue at home and getting the place messy and then cleaning up later, we can just go outside and have a barbecue there,” Ms Lau said.The couple, who live in Beverly Hills, will be moving into their new two-bedroom apartment in early 2017.
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Social developers tapped
Carolyn Cummins Commercial property editor
380 words
24 Oct 2015
Sydney Morning Herald
SMHH
English
Private developers are expected to line up for the NSW government tender to build several mixed-use residential projects in and around Sydney.
As part of the private and public housing initiative - known as Communities Plus - the government is offering developers seven sites suitable for medium and high-density development, delivering about 550 social, affordable and private dwellings in Gosford, Newcastle, Tweed Heads, Seven Hills, Telopea and Liverpool.
The largest will be the Ivanhoe estate in Macquarie Park in Sydney's north-west, with almost 2500 dwellings.
Social Housing Minister Brad Hazzard kicked off the program in late September, unveiling plans to transform the eight-hectare Ivanhoe public housing estate into a high-density integrated community with more than 1800 private dwellings, 556 social housing dwellings and 128 affordable homes.
As an incentive, the developers will hold the freehold title to the private dwellings. For the public housing, the government will retain the freehold on the social homes, while it is expected community housing providers will have title to the affordable housing dwellings. Mr Hazzard said an industry briefing on November 4 was expected to attract builders, developers, financiers, community housing providers and other community service support organisations.
Developers including Lendlease, Mirvac, Frasers Property Australia and Stockland were expected to show interest in the tender process.
When the Ivanhoe plans were released, there were calls that at least 30 per cent of the estate be allocated to public and affordable housing.
The Ivanhoe estate, a long-established public housing estate, is part of a broader project to redevelop land around the Macquarie University railway station.
"We are seeking genuine interest from the market to deliver the finest in urban design, construction, community engagement and tenancy services with the release of these NSW Land and Housing Corporation sites," Mr Hazzard said.
"Communities Plus is the start of a new way of thinking in social housing. Many of the new social housing units will be the base for pilot programs that link housing assistance to education, training and local employment opportunities."
He said affordable rental dwellings would also be used to transition tenants from the social housing system, through programmes supported by the community housing and social sector.
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Rebadged Australand assets a 2016 IPO contender
NaN of
[img=620x0]http://www.afr.com/content/dam/images/g/k/3/a/e/i/image.related.afrArticleLead.620x350.gkhui3.png/1445798374971.jpg[/img]Barely one year since Frasers took Australand off the ASX-boards, fund managers and analysts are tipping it won't be long before some of the industrial assets make a comeback, in what would be one of the more high profile property listings mooted for 2016. Brendon Thorne
You have to wonder what happens to Frasers Property Australia's $2 billion industrial portfolio now that the Singapore-listed parent company is making a big push into residential housing.
Barely one year since Frasers took local property player Australand off the ASX-boards, fund managers and analysts are tipping it won't be long before some of the industrial assets make a comeback, in what would be one of the more high profile property listings mooted for 2016.
Valuations are high, the initial public offering window is open and there is plenty of cash sitting in investor land for such a deal. You can be sure bankers have made that pitch, and Frasers boss Lim Ee Seng will be thinking about it. [Fort Street Advisers principal Richard Hunt knows the group well, as do Macquarie Capital and Deutsche Bank. Each worked on the Frasers/Australand deal last year].
Frasers has been reworking the diverse portfolio it took over from Australand, including recycling capital as it looks to maintain its development pipeline. And the company saw the demand for industrial assets first hand only two months ago. It had close to a 20 per cent stake in some of GIC Real Estate's portfolio – which was sold to Singapore's Ascendas for $1.1 billion in a hotly-contested auction.
[img=620x0]http://www.afr.com/content/dam/images/g/k/i/0/m/2/image.imgtype.afrArticleInline.620x0.png/1445778450564.png[/img]
It left Frasers with a $2 billion industrial business at a time when the Singaporean parent company is ramping up its foray into residential housing. The question is whether this division should be spun-off and floated, sold or a capital partner brought in. GIC for instance wavered between a float and an outright sale but decided that the current investment demand for direct property assets was too strong not to sell out.
While expectations are high it could be back on the ASX-boards by this time next year, don't discount Frasers spinning off part or all of the business into a Singaporean real estate trust either. The company in April for instance sold a Melbourne office tower out of Australand's portfolio to its affiliate Frasers Commercial Trust for $222 million.
There is also a robust case to hold on to the warehouse and office division as it is. The business offers steady cashflows at a time when returns in Australia's cooling residential housing market have become more unpredictable.
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BMW Finance drives into new Frasers office tower
NaN of
[img=620x0]http://www.afr.com/content/dam/images/g/k/j/d/7/g/image.related.afrArticleLead.620x350.gkjcvf.png/1445916802859.jpg[/img]An artist's impression of BMW Finance building to be built at Frasers Property Australia's Mulgrave Office Park.Supplied
[Image: 1426319989079.png]
by Larry Schlesinger
Frasers Property Australia, formerly known as Australand, has struck a five-year leasing deal with the financial services arm of BMW to occupy almost half the space in a new 10,000-square-metre, $51 million office project to be constructed in the Mulgrave Office Park.
The move continues the trend of large corporates choosing to base themselves in Melbourne's outer south-eastern suburbs, close to transport hubs.
BMW Australia Finance will join Mazda and healthcare products group BSN Medical in the three hectare business park jointly owned by Frasers Property and the Charter Hall-backed Commercial Industrial Property Group.
In July, the wealthy Spooner family struck leasing deals with US consumer and commercial goods giant Newell Rubbermaid, and German high-end appliance maker Miele for its Caribbean Park office development in Scoresby also in the south-east.
BMW Australia Finance will occupy 4792 sq m of office space across two-and-a half floors in"Building C" due for completion in the third quarter of 2016, moving out of the nearby Nexus Corporate estate.
At current rental rates of $300 per square metre within the business park, the leasing deal would generate about $1.4 million in annual net rent. BMW Finance has also leased 290 car bays.
Building C also includes 5353 square metres of speculative office space, a 150 sq m cafe and an additional 308 car spaces over another two and a half levels.
It is the final stage in the development of Mulgrave Office Park at 211 Wellington Road. Upon completion, the business park will house more than $145 million in commercial office assets.
Frasers Property's Anthony Maugeri said Melbourne's south-east was becoming a hot spot for larger corporations seeking to move their operations to suburban areas which are well connected to the Central Business District and local community amenities.
In April, Monash University committed to 7825 square metres of a 12,718 sq m seven-storey development within the Mulgrave Office Park.
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Thanks guru GG san.
It looks like the interest rate rise will continue to defer with China resorting further rate decrease and EURO QE Round 2.
USD cannot keep going up to hurt exports.
So the party of low interests will continue for a few more quarters and will be in FCL favour... :-)
Let's hope more asset divesting to the REITs and an industrial REIT soon... :-)
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(28-10-2015, 08:57 PM)Contrarian Wrote: Thanks guru GG san.
It looks like the interest rate rise will continue to defer with China resorting further rate decrease and EURO QE Round 2.
USD cannot keep going up to hurt exports.
So the party of low interests will continue for a few more quarters and will be in FCL favour... :-)
Let's hope more asset divesting to the REITs and an industrial REIT soon... :-)
No worries buddy...
Australian property mkt is on a slow boil apart from the selected bubbling Sydney / Melb resi mkt...
In fact, with a slow boiling recovery outside of the dead mining sector, Australia's well regulated envirnment is attracting substantial global interests.
FCL has bought well in hindsight and should position it in an enviable position to deliver good cashflows and DPS at least over the next 3 years.
Its ability to go asset light will be second to none on sgx as most of the other developers either have very little to seed or have substantial chunk of assets allocated to emerging mkts where investors are risks adverse due mainly to the usual emerging mkt risks such as political and currency risks.
Vested
Core
GG
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01-11-2015, 08:05 AM
(This post was last modified: 02-11-2015, 09:22 AM by CityFarmer.)
http://www.frasersproperty.com.au/SMP/QL...roo-Square
Aldi parks its trolley at Coorparoo Square hub
Chris Herde
190 words
30 Oct 2015
Courier Mail
COUMAI
English
GLOBAL supermarket chain Aldi has become the second major tenant to commit to the $232 million mixed-use Coorparoo Square project in Brisbane’s inner southeast.
Aldi has signed a 15-year lease on 1729sq m and joins cinema operator Dendy Cinemas as anchor retail tenants in the three-tower project on the corner of Old Cleveland and Cavendish roads.
Coorparoo Square, a joint venture between Frasers Property Australia and Honeycombes Property Group, is under construction on a site previously occupied by Myer’s first Queensland store.
Industry sources say the supermarket chain will be paying between $250sq m and $350sq m for the space.
Queensland residential general manager of Frasers Property Australia Cameron Leggatt said Coorparoo Square’s emerging retail offering would add significant value to its residents.
“This store will benefit from an immediate catchment of shoppers from the 700-plus people who will reside at Coorparoo Square,” Mr Leggatt said.
Aldi Coorparoo Square is set to open in the second quarter of 2017.To date, more than 320 of Coorparoo Square’s 366 apartments have sold.
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http://www.frasersproperty.com.au/QLD/Ha...re/Newport
COUPLE DOWNSIZE IN STYLE
Jane Pinder
374 words
31 Oct 2015
Courier Mail
COUMAI
English
THE allure of a waterfront lifestyle was too good an opportunity for Errol and Kathryn Taylor to miss.
The couple, both in their 60s, are among the significant downsizer market who have bought into Frasers Property Australia’s $44 million Newport apartment project.
The five-storey, 34-apartment development bordering the Royal Queensland Golf Club has sold more than 20 homes off the plan including about 60 per cent to downsizers and empty nesters from surrounding Brisbane inner north suburbs.
The Taylors will sell the Ascot home built by Kathryn’s grandparents in 1925 to move to Hamilton Reach.
“From Kathryn and my point of view, it was time to move on. I still work, I run my own business, but we are now at a time that we want to travel,” Mr Taylor said.
“When leaving a house you have to organise people for mowing and those sorts of things, whereas a unit you can lock the door and tell your neighbours you won’t be back for three months.” While their apartment in Newport may be a smaller property in square metres, Mr Taylor said it had plenty of space for the things that count.
“It’s funny, everybody talks about downsizing but we bought a three-bedroom unit and our daughter looked at it and said ‘I thought you were downsizing’. I said ‘no, darling – lifestyle change’,” he said.
“The style and layout means friends who come around can stay overnight because the bedroom is ensuited.” Mr Taylor said as locals they wanted to stay in the area, and looked forward to visiting their favourite restaurant at Portside and being walking distance to the CityCat terminal.
“There is a park right below our balcony, and a little fishing spot. The grandchildren have already been down there. It will still be family-oriented for us,” he said.
Frasers Property Australia Queensland Residential general manager Cameron Leggatt said Newport offered the balance downsizers were searching for.
“The downsizer market is looking to move to areas that will enhance their lifestyle, with amenities, security and central locations a high priority,” he said.Remaining two-bedroom apartments are priced from $735,000 and three-bedroom from $965,000.
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FCL missed out it seems...
China-backed group for hi-tech mini-city
Nick Lenaghan
414 words
3 Nov 2015
The Australian Financial Review
AFNR
English
A China-backed consortium has been tapped as the preferred developer for a multibillion-dollar, high-tech mini-city of 100,000 people in Melbourne's west.
The Australian Education City proposal - complete with skyscrapers, higher education facilities and residential living - is backed by local finance, funds management and property group Investors Direct Financial Group, founded by former PwC executive Bill Zheng.
Investors Direct has gathered a group of yet to be identified Chinese institutional and corporate investors for the project across a 400-hectare site in East Werribee, the site of the former state research farm.
"With Australian Education City funded by a Chinese consortium, this development creates the vehicle for significant Chinese investment for infrastructure funding," the consortium website says.
"This is directly aligned to one of the stated actions outlined in Victoria's China Investment Promotion Program, which was to develop investment proposals in sectors aligned to Chinese investor interests, including major infrastructure."
Within the past few days, the China group was picked from a short list of five bidders, sources said.
Singapore-controlled Frasers Property Australia - the privatised and rebranded former Australand platform - is thought to be a runner-up for the vast project.
Victoria's finance minister, Robin Scott, said: "The Andrews Labor government has completed a thorough market process to the strictest probity. Development of East Werribee represents a potentially significant investment in Melbourne's west and boost for Victoria's economy."
Other big players in the Australian property sector, including Mirvac, also showed interest in the project.
Mr Zheng's group has assembled a heavy-hitting advisory board including former state Labor premier John Brumby and PwC partner James van Smeerdijk.
Since leaving politics, Mr Brumby has taken roles on boards and forged stronger ties with China, including as a director at Huawei and as president of the Australia China Business Council.
The consortium has partnered with China-based student recruiter EIC Group, to help funnel students into the new mini-city.
The ambitious scope of the Australia Education City proposal at Werribee encompasses a mixed use project, built around higher education facilities, and a research and development hub.
The projections, backed by a PwC analysis, envisage the creation of 70,000 full-time sustainable jobs in the immediate region.
Key points
The development will create a mini-city in Melbourne's west.
Project will occupy 400ha in East Werribee, on site of former research farm.
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