Sarah Sands Hotel Brunswick

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>A 160-year old Victorian pub looks set to be renovated and transformed by a Melbourne developer into a mixed-use precinct featuring a new apartment building. </strong></p><p>The Sarah Sands Hotel, located on the corner of Brunswick and Sydney Roads, was <a href="https://theurbandeveloper.com/articles/29-sydney-road-brunswick">purchased by local developer Peregrine Projects in 2015 for $6 million</a> from local builder and investor John Connellan, who had held the hotel for 18 years.</p><p>Early concepts for the development outline 31 apartments spread across a seven-storey apartment building, as well as a revamp of the historic hotel and the addition of a new food and beverage precinct. </p><p>Peregrine has outlined plans to include a unique dining destination into the development, “[adding] another tasty dimension to Brunswick’s renowned food scene”.</p><p>Related: <a href="https://theurbandeveloper.com/articles/gurner-gets-green-light-for-40m-collingwood-luxury-development">Gurner Wins Permit for Luxury Collingwood Project</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/c71bafdb-e61d-4249-9f23-f8827f055885.jpg" width="2816"/></picture><div><span style="align-content:left;opacity:0.8">The hotel closed its doors in April to make way for the mixed-use development.</span><span style="float:right;opacity:0.8">Image: Peregrine Projects</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The Sarah Sands Hotel, named after the iconic SS Sarah Sands steam ship which sailed to Melbourne from Liverpool, first opened its doors in 1854.</p><p>The pub was renovated and rebranded as Bridie O’Reilly’s Brunswick in 1997.</p><p>The developer in collaboration with heritage consultants Lovell Chen and architects JCB will restore the hotel&#x27;s hidden facade to its original condition.</p><p>Related: <a href="https://theurbandeveloper.com/articles/vision-for-150-million-continental-hotel-redevelopment-revealed">Developer Unveils $150 Million Revamp of Continental Hotel</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/73a22fd5-5e37-4595-9899-93377590153f.png" width="1218"/></picture><div><span style="align-content:left;opacity:0.8">The Sarah Sands redevelopment will offer 31 bespoke residences along with unique work spaces and dining destinations.</span><span style="float:right;opacity:0.8">Image: Peregrine Projects</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“We aim to bring the Sarah Sands back to life through a mixed development and pay homage to the history of the site,” Peregrine Projects development manager Michael Dobson said.</p><p>“We acknowledge this is a prominent site and we want to deliver a fantastic, vibrant and dominant outcome for the community and for greater Melbourne.”</p><p>The 1,120sq m site has been considered a local landmark in Brunswick, with multiple street frontages, proximity to parklands, retail amenity and some of Melbourne’s most prominent universities.</p><p>Architecture firm JCB has designed the addition to “complement the hotel&#x27;s vintage character”, while providing new residents with city views.</p></div></div></div></div></div>

A 160-year old Victorian pub is set to be renovated and transformed by a Melbourne-based developer into a mixed-use precinct.

National Architecture Awards Feature

The winners of the 2018 National Architecture Awards was announced at a gala dinner at MAIÀ Docklands in Melbourne on Thursday night.  

CEFC New guide does the hard work on energy costs and emissions for Australian property industry


<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Australian property owners, from residential to large-scale commercial, will be able to start cutting energy costs and reduce emissions thanks to a new guide released by the Clean Energy Finance Corporation. </strong></p><p>The <a href="https://www.cefc.com.au/media/401967/cefc-distributed-energy-in-the-property-sector.pdf">guide</a> has been designed to drive an industry-wide understanding of the opportunity preparation and implementation of clean energy technologies an provide for different types of properties amid rising wholesale energy costs.</p><p>The energy policy debate has been at the forefront of national conversation over the past few weeks in the wake of the leadership spill with cost pressures effecting households and businesses around the country.</p><p>The CEFC, in collaboration with the Property Council of Australia, have analysed a broad range of proven technologies, from solar PV and batteries to heat pumps and renewables to help homeowners and managers breakdown the likely benefits and payback periods.</p><p>Related: <a href="https://theurbandeveloper.com/articles/powering-our-urban-future-supporting-renewable-energy-solutions-and-recouping-roi">Powering our Urban Future: Supporting Renewable Energy Solutions and Recouping ROI</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2bb696a1-fdc8-4d0a-8555-71d23f981589.jpg" width="1840"/></picture><div><span style="align-content:center;opacity:0.8">The comprehensive guide analyses the nine most common distributed energy options for houses, apartments, commercial, retail and industrial property.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“Our industry leaders have shown they can deliver rapid improvements in the quality and performance of buildings and have taken action to mitigate against rising electricity prices and reduce emissions by investing in clean energy technology,” Clean Energy Finance Corporation chief executive Ian Learmonth said.</p><p>For homes, technologies are in the lowest investment range, up to a maximum $25,000, with upfront costs expected to be recovered in under nine years.</p><p>While investment costs for large-scale commercial and retail properties can exceed $100,000, in the case of solar PV the payback period is four years.</p><p>The highest upfront investment costs, potentially of more than $500,000, included thermal storage installations for commercial, retail and industrial buildings with an expected payback period of 15 years.</p><p>“We want to make smarter, cleaner energy the standard when it comes to Australia’s built environment,” Learmonth said.</p><p>“We’re confident that with more renewable energy and better energy efficiency measures, the property sector can achieve net zero emissions by 2050, with the potential to capture very significant energy savings in the process.”</p><p>Earlier this year, the CEFC made a <a href="https://theurbandeveloper.com/articles/cefc-takes-stake-in-1bn-green-infrastructure-fund">$150 million investment in New Zealand-based asset manager Morrison &amp; Co</a> to help spearhead clean energy standards across Australia.</p><p>Morrison &amp; Co’s specialist $1 billion &quot;green&quot; infrastructure fund will acquire and manage a range of assets ranging from hospitals to data centres, retirement and aged care accommodation to student housing and renewable energy.</p><p>The CEFC also secured a <a href="https://theurbandeveloper.com/articles/mirvac-launches-build-to-rent-club">30 per cent interest ($50 million) in Mirvac’s first institutional build-to-rent investment platform</a> as a cornerstone investor.</p></div></div></div></div></div>

  Australian property owners, from residential to large-scale commercial, will be able to start cutting energy costs and reduce emissions.

e6cf4bb8-fcb0-49ef-80b5-beda09f380db

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Two major players in the data centre industry have upped their game and announced multimillion-dollar expansions to their Australian operations. </strong></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>NextDC has submitted plans for a $195 million data centre in Perth that will feature nine data centre levels and 10-storeys of office space by Hames Sharley Architects.</p><p>The proposal has been submitted to council within months of acquiring the Perth site, which NextDC snapped up for $22 million as part of its push to acquire sites for data centres across the nation.</p><p>NextDC acquired three properties, including the Lord Street, Perth site for<a href="https://theurbandeveloper.com/articles/three-new-cloud-data-centres-for-nextdc-as-apdc-initiates-lawsuit-"> $170 million in April</a>. The purchases were funded by a $281 million equity raising by the group earlier this year.</p><p>While NextDC flagged plans to develop all of their new sites, the Perth property is the first to have an application submitted.</p><p>The data centre owner was rumoured to have snapped up the <a href="https://theurbandeveloper.com/articles/major-north-shore-asset-hits-the-market-for-80m--">1.2-hectare Lindsay Bennelong developments&#x27; site</a> in Sydney&#x27;s north shore for $80 million.  </p><p>The ASX-listed NextDC is due to publish its end of year results on 31 August. </p><h2><strong>Equinix spends $15m on Perth data centre digs</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/b48d177a-751e-49c1-bf24-39efb6fcff7d.jpg" width="5085"/></picture><div><span style="align-content:center;opacity:0.8">Equinix aims to capitalise on the increased demand for their services in Perth thanks to sub-sea connectivity between Perth and South-East Asia.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>American internet services multinational Equinix has also announced plans to expand in Perth. </p><p>The NASDAQ-listed Equinix aims to capitalise on the increased demand for their services in Perth which is partly due to sub-sea connectivity between Perth and South-East Asia. </p><p>Equinix plan to add an additional 225 cabinets costing an estimated $15 million to its PE2 Perth data centre bringing the total to 700 cabinets. </p><p>Equinix acquired the site in late 2017 as part of a $1 billion deal to acquire data centre operator Metronode. </p><p>This expansion represents the first investment in Perth by Equinix since purchasing the assets last year.</p><p>“There’s definitely a level of interest in that connectivity capability, and obviously having more than one submarine cable out of Perth gives the ability to leverage that,” Australian managing director Jeremy Deutsch said.</p></div></div></div></div></div>

Two major players in the data centre industry have upped their game with announced expansions to their Australian operations.

Town Hall Metro Station

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Victoria&#x27;s Minister for Public Transport Jacinta Allan and the newly-elected lord mayor Sally Capp have revealed the final designs for Melbourne&#x27;s five new Metro Tunnel stations.</strong></p><p>The $11 billion project, constructed by The <a href="https://theurbandeveloper.com/articles/cross-yarra-partnership-melbourne-metro-tunnel">Cross Yarra Partnership</a> – a consortium led by Lendlease Engineering, John Holland, Bouygues Construction and Capella Capital – will run for 39km between Melbourne&#x27;s west and south-east.</p><p>The <a href="https://theurbandeveloper.com/articles/melbourne-metro-station-names-revealed">five new stations</a>, which will be known as North Melbourne, Parkville, State Library, Town Hall and Anzac, will draw on the local character of each location in their design and layout.</p><p>Architecture firm Hassell in collaboration with Weston Williamson and London-based Rogers Stirk &amp; Harbour and Partners are responsible for the Metro Tunnel designs.</p><p>“The final designs for the Metro Tunnel’s five new underground train stations will deliver the best passenger experience in stunningly designed and spacious settings,” Allan said.</p><p>“The Metro Tunnel will deliver five new architectural landmarks for Melbourne and the turn-up-and-go train system our city needs.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>North Melbourne</strong></p><p>The new North Melbourne Station, situated near the corner of Arden Street and Laurens Street will trigger significant urban renewal in the precinct.</p><p>The station features an impressive large-scale brick arched entrance to reflect the area’s industrial heritage and skylights to enable natural light to filter down on the platforms and concourse.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Parkville</strong></p><p>A glass feature roof at the Grattan Street entrance provides passengers visiting this world class health and education precinct with a tree-lined view as well as natural light into the station concourse.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>State Library</strong></p><p>The new State Library Station will be a northern gateway to the city, and the surrounding precinct will be transformed to provide better spaces for pedestrians, cyclists and the area’s growing residential community.</p><p>The new precinct will create 3,500 sq m of new public space from reconfigured road space.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Town Hall</strong></p><p>Town Hall Station will be a gateway to some of Melbourne’s most popular landmarks and destinations, and the surrounding precinct will be transformed to take advantage of nearby laneways and open spaces.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Anzac</strong></p><p>Anzac Station has been designed as a ‘pavilion in the park’ – an integrated public building and landmark that connects seamlessly with surrounding parklands.</p><p>The canopy above the tram interchange will be an architectural focal point, providing waiting passengers with year round weather protection. A large skylight embedded in the tram stop will fill the station concourse below with natural light.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>“These stations will be bold and exciting additions to the Melbourne landscape, enhancing the experience of the city’s commuters,” said newly elected City of Melbourne Lord Mayor Sally Capp.</p><p>“We will work with the Victorian Government to ensure the city continues to reap the benefits from this world-leading project, including enhanced public spaces for Melburnians to enjoy for decades to come.”</p><p>The Melbourne Metro Tunnel is marked for completion in 2025.</p></div></div></div></div></div>

Victoria's Minister for Public Transport, Jacinta Allan, has unveiled the final designs for Melbourne's five new Metro Tunnel stations.

Demolition

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Skyscrapers have pierced the air for over 150 years, but occasionally these huge structures are damaged, fall out of favour, or outlive their original purpose.</strong></p><p>JPMorgan Chase recently outlined plans to demolish SOM&#x27;s 270 Park Avenue in New York City and replace the building with a modern 70-storey tower.</p><p>If this demolition was to go forward, 270 Park Avenue would become the tallest building ever demolished, as well as the first over 200 metres in height.</p><p>Take a look at the ten tallest buildings to ever be levelled, as well as a special mention to some Australian towers that broke the 100 metre mark.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>10. Grand Prince Hotel Akasaka, Tokyo </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>141m, Completed 1982</strong></p><p>The demolition of Tokyo’s Grand Prince Hotel Akasaka in 2013 was unique in that it didn’t involve wrecking balls or explosives. A crane was used to take out all the beams, concrete and panelling from the inside, floor by floor. It made way for Tokyo Garden Terrace Kioicho-Kioi Tower and Kioi Residence. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/13765b44-e9d9-4837-9310-ece036be949b.jpg" width="2000"/></picture><div><span style="align-content:center;opacity:0.8">Grand Prince Hotel Akasaka</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><iframe sandbox="allow-forms allow-scripts allow-pointer-lock allow-same-origin allow-top-navigation allow-presentation" class="embed-responsive-item" allowfullscreen="" frameBorder="0" style="max-width:574px;width:-webkit-fill-available" height="300px" src="https://youtube.com/embed/i-2Y2MYpl2g"></iframe></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>9. The Ritz-Carlton, Hong Kong </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>142m, Completed 1993</strong></p><p>Demolished in 2009 to make way for much-needed office space. The building was located on one of Hong Kong&#x27;s most valuable business sites. The <em>new</em> Ritz-Carlton stands at 484 metres with a bar and pool located on the 118th floor.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f62a3679-d4c2-4090-906b-988c9ba9be53.jpg" width="1536"/></picture><div><span style="align-content:center;opacity:0.8">The Ritz-Carlton</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>8. City Investing Building, New York City </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>148m, Completed 1908</strong></p><p>The City Investing Building was part of a group of buildings that were all among the tallest in the world during the early part of the 20th century. It was demolished in 1968 to make way for 1 Liberty Plaza. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/9f2776ce-2d37-48a0-b8f2-6123ccdd9aaf.jpg" width="991"/></picture><div><span style="align-content:center;opacity:0.8">City Investing Building</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>7. Menera Tun Razak, Kuala Lumpur </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>150m, Completed 2014</strong></p><p>Demolished in 2014 to make way for the new Menera Run Razak Tower. It remains the tallest building in Malaysia ever to be demolished.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d84192e9-191c-48a8-ab4a-8262dcbd7187.jpg" width="1139"/></picture><div><span style="align-content:center;opacity:0.8">Menara Tun Razak</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>6. One Meridian Plaza, Philadelphia </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>150m, Completed 1999</strong></p><p>One Meridian Plaza famously caught fire in 1991. The fire lasted over nineteen hours, destroyed eight floors, killed three firefighters and injured twenty-four. It was demolished in 1999 after sitting vacant for eight years. It has now been replaced by the Ritz-Carlton. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/0725a072-ecaf-4b75-a235-c0a0c7548356.jpg" width="993"/></picture><div><span style="align-content:center;opacity:0.8">One Meridian Plaza-02</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>5. The UIC Building, Singapore </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>152m, Completed 1974</strong></p><p>At the time of its 1974 completion, the UIC Building was the tallest structure in Singapore and one of the tallest buildings in Southeast Asia. The building was demolished in 2013 to make way for V on Shendon, a 54-storey mixed residential and commercial tower.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/29cdbfac-67d1-4341-b7da-2de881337967.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">UIC Building</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>4. The Deutsche Bank Building, New York City </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>158m, Completed 1974</strong></p><p>Demolished in 2011 after being heavily damaged in the September 11th, 2001 attacks. The building was designed by Shreve, Lamb and Harmon, the same architecture firm that designed the Empire State Building.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/db5bd820-b13d-4351-9bb4-30db3dd6e57e.jpg" width="1002"/></picture><div><span style="align-content:center;opacity:0.8">The Deutsche Bank Building</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><iframe sandbox="allow-forms allow-scripts allow-pointer-lock allow-same-origin allow-top-navigation allow-presentation" class="embed-responsive-item" allowfullscreen="" frameBorder="0" style="max-width:574px;width:-webkit-fill-available" height="300px" src="https://www.youtube.com/embed/iAy-jgt_ng0"></iframe></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>3. The Morrison Hotel, Chicago </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>160m, Completed 1925</strong></p><p>The hotel famously offered 2,210 rooms at the height of its popularity. It was demolished in 1965 to make room for the First National Bank Building, now known as the Chase Tower.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/668ac622-1b0c-414d-ab95-a09288e0278f.jpg" width="998"/></picture><div><span style="align-content:center;opacity:0.8">The Morrison Hotel</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>2. CPF Building, Singapore </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>171m, Completed 1976</strong></p><p>In November 2015, the building was sold to Ascendas Land for S$550 million (AU$543 million). The last tenants moved out on 20 February 2017 before the building was demolished in 2018 to make way for a 29-storey office building.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/df55b329-6ed5-46d2-8915-edd75989134a.jpg" width="1067"/></picture><div><span style="align-content:center;opacity:0.8">The 29-storey CPF Building was completed in 1976.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>1. The Singer Building, New York City </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>187m, Completed 1908</strong></p><p>The building was the headquarters for the Singer Sewing Machine Company. For a very short time, it was the tallest building in the world, until 1909 when it was surpassed by the Metropolitan Life Tower. The Singer Building was demolished in 1968 to make way for 1 Liberty Plaza.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/9f1e5111-bf68-4252-9804-77cc7a07dabe.jpg" width="1001"/></picture><div><span style="align-content:center;opacity:0.8">The Singer Building</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Related reading: <a href="https://theurbandeveloper.com/articles/amp-capital-receives-approval-to-revitalise-historic-33-alfred-street-sydney">Australia&#x27;s First Skyscraper Receives Approval for $160m Refurbishment</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Australia&#x27;s Tallest Buildings Ever Demolished</strong></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>CAGA House, Sydney</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>125m, Completed 1977</strong></p><p>When it was completed in 1977, it was the 10th tallest building in Sydney. The building stood for 15 years before being dismantled to make way for the Governor Phillip Tower.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/07d83d46-398a-41d4-b865-46d7f0391e89.jpg" width="999"/></picture><div><span style="align-content:center;opacity:0.8">Caga House Sydney</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>State Office Block, Sydney </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>128m, Completed 1965</strong></p><p>The contemporary modular office block was designed by architect Ken Woolley. The ground breaking design responded specifically to Australian conditions by incorporating innovative sun protection measures. It was demolished in 1997 to make way for Aurora Place.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/004dacde-f9e6-46d0-9956-f0e9cedb5ea3.jpg" width="651"/></picture><div><span style="align-content:center;opacity:0.8">State Office Block Sydney</span></div></div></div></div></div></div></div>

  The tallest buildings in history to have been dismantled by their owners, and some of the reasons for doing so.

Solar Panels California

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Once a luxury reserved for wealthy, green-leaning homeowners, solar power is fast becoming a mainstream energy source, with the United State’s largest solar market, California, leading the way.</strong></p><p>A long-standing trendsetter and leader in clean energy, California has voted to implement compulsory standards so that all new homes will require solar power.</p><p>The new requirement, signed off unanimously by the California Energy Commission, has the potential to cut energy usage in new homes by more than 50 per cent.</p><p>The building code will be approved in mid-2019 and will apply to all houses, low-rise condos and apartment towers receiving building permits after January 2020. </p><p>Exceptions will be homes shaded by trees or neighbouring buildings, or when the home’s roofs are too small to accommodate solar panels.</p><p>The California Energy Commissioner Andrew McAllister said the new standards would not only help Californian buildings perform better but would also contribute to a reliable grid.</p><p>“The buildings that Californians buy and live in will operate very efficiently while generating their own clean energy,” McAllister said.</p><p>“They will cost less to operate, have healthy indoor air and provide a platform for ‘smart’ technologies that will propel the state even further down the road to a low emissions future.”</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/solar-power-growing-sensation-australian-homes">Solar Power Installed at a Record Rate in Australian Homes</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/efaabc4e-4eb2-4e57-960e-48c3e542e1f6.png" width="840"/></picture><div><span style="align-content:center;opacity:0.8">Solar Installation</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>While this is a boost for the solar industry, critics warned that it will also drive up the cost of buying a house by approximately US$10,000 (AUD$13,370) and possibly effect existing infrastructure.</p><p><em>Bloomberg</em> analysts described the decision as “admirable but misguided”, arguing that the standard could overwhelm solar power production that grid operators are already grappling with.</p><p>The utility industry is trying to determine how to manage a system where homes are putting electricity onto the grid during the day and consuming it at night.</p><p>Providers have been preparing for the proliferation of solar by studying its impact on the electric grid, with tests like a net-zero community developed in Fontana, east of Los Angeles.</p><p>The energy commission said the standards would cut greenhouse-gas emissions by 529,000 metric tonnes of carbon per year, while saving residents money over time.</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/tesla-solar-roofs-ready-for-market">Tesla Solar Roofs Ready for Market</a></p><p>Solar shares have surged in wake of the decision. Currently, just 20 per cent of new single-family homes built in the Golden state includes solar power.</p><p>The new requirement will increase the annual number of rooftop solar installations by 44 per cent with California averaging 80,000 new homes every year.</p><p>“This is a very bold and visionary step we’re taking today,” said David Hochschild, one of five members on the appointed energy panel. </p><p>“We will be the first state to adopt the ‘zero-net-electricity’ standard. We will not be the last.”</p><p>The Energy Commission also approved the 2018-2019 Investment Plan Update for the Alternative and Renewable Fuel and Vehicle Technology Program (ARFVTP), which invests in alternative and renewable fuel and advanced vehicle technologies. </p><p>Now in its 10th year, the program has invested more than US$750 million (AUD$1 billion) in 615 projects covering a broad spectrum of alternative fuels and technologies.</p><p></p></div></div></div></div></div>

California will require solar panels on all new homes from 2020.

TPIT

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>A mining-led economic revival in Central Queensland is putting a multi-million dollar price tag on regional industrial property and fuelling investor appetite, according to Trilogy’s head of Lending, Acquisition and Development, Clinton Arentz.</strong></p><p>Arentz said that while the mining construction boom had been and gone, the next wave of regional economic activity — mining services — was behind rising rent rates, decreasing vacancy rates and keen interest from investors looking to put their money into regional industrial holdings.</p><p>&quot;Regional Queensland, particularly Central and North Queensland are out of the downturn and as businesses move to the service and maintenance phase in support of mining activity we&#x27;ve seen growth in demand, particularly for industrial property,&quot; he said.</p><p>&quot;And there is a lot more to come, particularly for the Mackay region and the Bowen Basin, if the uptake of our first open-ended, multi-asset investment – the Trilogy Industrial Property Trust – is anything to go by.&quot;</p><p>Trilogy opened the Trilogy Industrial Property Trust in late-January and it was fully subscribed within the month, raising just under $12 million. </p><p>The Trust will acquire two high-specification industrial facilities located in Paget, Mackay, a region which over recent times has shown improved economic performance through its diversified agricultural and mining industry base. </p><p>The two facilities were &quot;design and construct&quot; projects for tenants – Independent Mining Services QLD Pty Ltd and Alfagomma Australia Pty Ltd. The tenants relatively stable rental income is forecast to produce a monthly distribution equivalent to 8.5 per cent per annum.</p><p>&quot;We launched with these two properties and we are actively in the market looking for opportunities to add to the Trust in the short term,&quot; Arentz said.</p><p>&quot;We see terrific opportunity in the regional industrial property market, particularly along Australia&#x27;s east coast.</p><p>&quot;Some of the investor opportunity comes from a desire for new facility builds by businesses who are in a growth phase, largely due to strong forward orders for products or maintenance from the mining operators.</p><p>&quot;The other opportunity is when family-owned businesses are looking to maintain their business, but cash out by selling their freehold property and then taken on lease back.</p><p>&quot;This releases debt-free capital for expansion and it puts good properties on the market for investors,&quot; Arentz said. </p><p>“Across the country, industrial property is being met with strong demand given current conditions driving growth in value attributable to long-term leases.</p><p>“A property trust’s performance is primarily driven by the quality of the tenants and the longer lease term that is associated with industrial property adds an element of stability to the Trust”, said he said.</p><p>To learn more about the Industrial Property Trust and other investment opportunities, visit <a href="https://www.trilogyfunds.com.au/">trilogyfunds.com.au.</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong><em>The Urban Developer is proud to partner with </em></strong><a href="https://www.trilogyfunds.com.au/"><strong><em>Trilogy Funds</em></strong></a><strong><em> to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.</em></strong></p></div></div></div></div></div>

A mining-led economic revival in Central Queensland is putting a multi-million dollar price tag on regional industrial property...

Dwelling Fall

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="ci cl"><p><strong>The number of home building permits fell 6.2 per cent in February, thanks to a significant decline in apartment approvals.</strong></p><p>Dwelling approvals fell for a fifth consecutive month, with apartment permits marking a drop of 16 per cent over the month according to ABS’ monthly building approval figures released Wednesday.  </p><p>With the pace of decline easing in detached houses – approvals rose 2.3 per cent in February to 10,251 – high-rise apartments continue to be hardest hit. Over the 12 months to February, approvals for buildings of four-storeys or more declined 15 per cent. </p><p><strong>Related reading:</strong> <a href="https://theurbandeveloper.com/articles/building-approvals-fall-20-in-december-">Building Approvals Fall 20% in December</a></p><p>&quot;The decline in total dwellings was driven by private dwellings excluding houses, which have fallen for five consecutive months,” ABS director of construction statistics Justin Lokhorst said.</p><p>Australia’s housing market outlook remains soft, with declining investor activity leading to <a href="https://theurbandeveloper.com/articles/sydney-house-prices-fall-21-as-investors-return">weakening conditions in Sydney.</a></p><p>Approvals to build or renovate houses and apartments declined by 3.1 per cent from a year earlier.</p><p><strong>Related reading:</strong> <a href="https://theurbandeveloper.com/articles/prices-slowing-but-home-values-approach-7-trillion">Prices Slowing but Home Values Approach $7 Trillion</a></p><p>The fall in building approvals in February was widely expected by economists, but was more than the 5 per cent forecast. </p><p>In maintaining the cash rate on Tuesday, Reserve Bank Governor Philip Lowe pointed out that housing markets in Sydney and Melbourne had slowed. </p></div></div></div>

The number of home building permits fell 6.2 per cent in February, thanks to a significant decline in apartment approvals.  

HDBP

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Property group Frasers has acquired two prime industrial sites in Eastern Creek in Western Sydney.</strong></p><p>Acting on a continuing trend of high demand for industrial property and a “once in a generation” infrastructure spend as part of the state and federal government’s $3.6 billion Western Sydney Infrastructure Plan, Frasers acquired more than 13 hectares in the area.</p><p>The first site offers 10 hectares on Burley Road in Horsley Park, and was purchased from building products company CSR. </p><p>The second, smaller, site of 3.5 hectares shares a common boundary with Frasers Property’s <a href="https://theurbandeveloper.com/articles/frasers-property-australia-acquires-prime-sydney-land">Eastern Creek Industrial Estate</a> on Eastern Creek Drive, and was purchased from developer Jacfin.</p><p><strong>Related reading:</strong> <a href="https://theurbandeveloper.com/articles/charter-hall-beats-out-dexus-frasers-for-55m-industrial-acquisition">Charter Hall Beats Out Dexus, Frasers for $55m Industrial Acquisition</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><blockquote><p><b>“The two land acquisitions are strategically positioned to capitalise on the rapidly expanding Western Sydney region.”</b></p>--Frasers Property general manager Ian Barter</blockquote></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>“Demand is very strong in this area, which is driven by displaced users from traditional industrial regions, a once in a generation infrastructure spend, strong population growth and a critical shortage of land,” Barter said.</p><p>“These purchases further restock our landbank in a highly sought-after area and will help us maintain a strong presence.”</p><p>The new sites will accommodate up to 81,510sq m of warehousing for corporates, third party logistics providers and local manufacturers.</p><p>The latest acquisitions will join Fraser’s existing industrial portfolio which include over $950 million worth of Fraser-developed product in the region.</p><p>Frasers recently paid <a href="https://theurbandeveloper.com/articles/frasers-buys-land-in-braeside-to-develop-industrial-estate">$19 million for a 23-hectare parcel</a> of industrial land in Melbourne’s south-east with intentions of building an industrial estate, which would add new industrial projects to their existing plans to create <a href="https://theurbandeveloper.com/articles/melbourne-frasers-property-industrial-developments">$190 million worth of new assets</a> in The Key Industrial Park in the South East, and West Park Industrial Estate in Melbourne’s West.</p></div></div></div></div></div>

Property group Frasers has acquired two prime industrial sites in Eastern Creek in Western Sydney.