01.07.16
GURNER to partner with Winning Appliances to deliver first class retail at FV
01.07.16

Luxury property developer, GURNER™ has confirmed Winning Appliances, Australia’s leading kitchen and laundry appliance specialist, to occupy over 1770sqm of prime retail space at its iconic ‘FV’ development in Brisbane.

 

The partnership will see the appliance brand move from their existing showroom facility at 209 Brunswick Street, which will soon be demolished to make way for the third stage of ‘FV’, due to commence construction later this year.

 

The deal comes as GURNER™ recently announced the impending sale of FV’s management rights which is expected to include letting agreements to the majority of the project’s 900+ apartments, together with the option to purchase the associated freehold real estate and retail at ground level. 

 

Winning Appliances and GURNER™ commissioned architect Elenberg Fraser, to custom design the retail space, which will span over two levels and boast two street frontages thanks to its unique postion in the apex of GURNER™’s first FV building, Flatiron, which features a 270 degree curved glazed façade, inspired by New York’s iconic building of the same name.

 

A fourth-generation family business, Winning Appliances was founded in 1906 by John Richard William Winning, as R.W. Winning and Co., a business that dealt primarily with horse and carriage needs, as well as hardware supplies.

 

Today, Winning Appliances spans 12 stores across NSW, QLD and WA and  has an unmatched selection of the world's best cooking and laundry brands including Sub-Zero and Wolf, Miele, Gagganau and Smeg, among many more.

 

Winning Appliances CEO, David Woollcott said FV will be Australia’s absolute best location for customers, architects and designers to shop for appliances, on par with Winning Appliances’ Flagship Redfern Showroom in Sydney.

 

The FV building was a natural fit for the Winning Appliances brand, as like FV and GURNER™, we are synonomous with high quality, world-leading design and technology. We pride ourselves on offering our customers the world’s most iconic appliance brands and there’s no doubt that the FV building will become an iconic Brisbane building.

 

GURNER™ Founder and Director, Tim Gurner said the impending arrival of Winning Appliances marked the first phase of the site’s profound transformation that would see Brunswick and Alfred Streets become a first-class retail and dining destination.


“ The retail offering at FV is unique in that it spans three frontages and offers a range of opportunites across retail, dining and amenity.

 

“ Our vision is to create a new destination for Fortitude Valley complete with cafés, restaurants, bars and first-class retail shopping brands.

 

“ Winning Appliances is a premium retail offering stocking some of the world’s most sought-after brands so it’s a natural fit for FV.  

 

“Given the premium level of the development, Winning Appliances will also supply the white goods packages into all 651 apartments in our first two buildings, Flatiron and Valley House. 

 

“We are excited to be working with Winning Appliances and our long time collaborators, Elenberg Fraser to create a custom-designed showroom that is befitting of such a premium brand and location.

 

“ We are now looking to compliment this retail offering with a mix of cafés, bars and restaurants through the sale of FV’s management rights, to create a truly spectacular precinct in the Valley.

 

“ FV is one of the first truly mixed use  retail and residential sites in Australia of this scale, and one that mirrors the international luxury resort models from around the world.

 

“ We will be fitting out the remainder of the retail with some of Australia’s leading café and restaurant operators.  We are aiming towards opening the first two buildings in mid-2017 with all ground floor retail activated and ready for residents.

 

“ We will soon be closing expressions of interest for the management rights campaign and we look forward to making a major announcement in the coming weeks,” he said. 

 

GURNER™’s FV project has turned heads since its initial launch in 2014, thanks to its hotel-style luxury design and unparalleled dedication to luxury amenity throughout.

 

The three-tower project features a total of 3,000sqm of private amenity; complete with a number of pools and bars, private dining areas, cinema facilities, a gym, yoga studio, business club and conferencing and much more.

 

Construction of the project’s first two stages, ‘Flatiron’ and ‘Valley House’ is currently underway, with these stages slated to reach completion in mid 2017.  Construction of the third tower is anticipated to commence in late 2016.

 

28.04.16
Johnson Street acquisition GURNER's fifth in the area in two years
28.04.16

Luxury property developer, GURNER™ has acquired yet another Collingwood site, its fifth in the area in two years, in a deal that will deliver the developer’s 16th building in the area and add approximately 170+ apartments and over $130m to the developer’s $2.6b portfolio which is split between Melbourne and Brisbane.

 

The substantial site, located at 23 – 33 Johnston Street, Collingwood, is over 1800sqm and was acquired off-market from the Martino Family for around $12m.

 

As part of the acquisition, Angelo Martino, through his company, MARTINO VIC, will stay on as joint venture partner, continuing the family’s long standing relationship with the site.

 

As part of the design GURNER™ will retain the existing building’s heritage façade and deliver a series of retail tenancies at ground level that will contribute to Johnston Street’s rapidly transforming streetscape as a dynamic retail and restaurant precinct.  

 

No stranger to the area, GURNER™ successfully sold out two concurrent Collingwood projects, 107 Cambridge Street and 28 Stanley Street, in record time late last year, with both of them set for completion at the end of 2016.

 

GURNER™ founder and director, Tim Gurner said this would represent the team’s 16th building in the Collingwood and Fitzroy areas, after Gurner first identified the location as an apartment hotspot some seven years ago, when he developed Oxley Collingwood on Stanley Street.

 

“ In terms of locations that fit our development philosophy, Collingwood and Fitzroy are among our top suburb picks not only just in Melbourne but Australia-wide,” he said.

 

“ Collingwood in particular is going through an immense period of transformation; it is the unofficial café hub of Melbourne and includes some of this city’s best restaurants and bars.

 

“ Collingwood is just one kilometre from the CBD and is one of the most desirable suburbs in Melbourne to live in, thanks to its incredible architecture, heritage and resurgence in recent years as one of Melbourne’s cultural capitals.

 

“ Johnson Street in particular is experiencing some incredible changes – just five years ago this strip was an urban wasteland filled with vacant factories and industrial sites, but fast forward to today and the location is bursting with cafés, bars and designer retail shops.

 

“ The buildings here have remained unchanged for decades so now is the perfect opportunity to create a new luxury residential offering befitting of the area’s new standing as one of Melbourne’s most desirable locations,” he said.

 

Gurner said while the area had remained an apartment hot-spot for many years, the buyer demographic had changed completely.

 

“ Three years ago all the one bedroom apartments without car parks would get snapped up first by investors and we would find the two bedrooms and three bedrooms very hard to sell, now it’s the opposite – discerning owner occupiers are buying multiple one bedroom apartments and transforming them into a luxury three or four bedroom offering of their choice.

 

“ I think this points to the changing demographic of the area but also the location’s growing appeal with a slightly older generation. Whereas 10 years ago Collingwood was populated with renters and struggling artists, now families and professional couples are looking to Collingwood as the perfect location to invest in a luxury home.

 

“ House prices now reflect this with the median house price sitting at well over a million dollars,” he said.

 

“ We will look to create a luxury, high-end development that ticks all the boxes for this new discerning owner occupier buyer. We want to seek inspiration from Collingwood’s unique appeal so the interiors will use a lot of concrete and copper tones and have an industrial feel,” he said.

 

“ The architecture will be bold and beautiful but sympathetic to its heritage past.”

 

The site adjoins the State Government’s heralded Cultural Arts Precinct (CAP) program which has gifted the former Collingwood Technical School to a trust with the remit to develop the site into a vibrant, cross-disciplinary cultural precinct.

 

The Technical School will be the first of many sites the CAP trust will transform over the coming years, with a focus on supporting the gentrification and of the area into a hub for the Arts and cultural activities.

 

“ We will be working with the CAP board to ensure a great result for both their precinct and our project as it is critical the two schemes work in unison to get the best result for all,” Gurner said.

 

GURNER™ has recently appointed COX Architects to design the project, with the development expected to be submitted to planning in the coming months.

09.03.16
GURNER sells all $60m worth of luxury apartments at 74 Eastern Road in just 3 days
09.03.16

Luxury property developer, GURNER™ has announced the sell-out success of its latest super high-end development, 74 Eastern Road, after just three days on the market totaling over $60million of sales, indicating the strength of the local market for the right project in the right location.

 

The development, a collaboration with revered interior designer, David Hicks, architect, Elenberg Fraser and landscape architect, Jack Merlo, featured 71 luxury apartments in one of Melbourne’s most sought-after pockets of suburban South Melbourne, abutting Albert Park and the Albert Park Lake.

 

GURNER™ first launched registrations of interest to its VIP database in December, releasing publicly to the market shortly afterwards where purchasers snapped up all 71 apartments over just three days on the market, including 15 stand-alone sales each reaching upwards of $1.5m - $3.5m.

 

The project’s coveted Black Penthouse Collection achieved over $10.5m in sales in just under an hour from owner occupiers either downsizing from a luxury home or ‘upsizing’ from an existing apartment.

 

Contrary to recent reports suggesting Melbourne’s property market had started to cool off, GURNER™ founder and director, Tim Gurner said the success of 74 Eastern Road reflected shifting market demands towards high-end apartments as owner occupiers become increasingly willing to explore luxury apartment living over the high-maintenance lifestyle of a traditional family home.

 

“ We have witnessed a profound changing sentiment towards luxury apartment living over the past 12 months, and we believe this is only the tip of the iceberg in terms of satisfying that demand.


“ Our research indicates a surging demand for ultimate luxury apartment living and in the case of 74 Eastern Road, our instincts were right, with over 50 percent of our purchasers classed as downsizers or empty nesters.

 

“ Was it a risk for us to skew a project so heavily towards one end of the market? Absolutely. But our previous luxury projects in Brisbane and Collingwood had tested the market for us and we felt confident there was enough demand in this higher end of the luxury owner occupier market to warrant a project of this calibre.

 

“ There is talk at the moment of oversupply and that the local market has cooled. In certain locations in Melbourne with smaller investment stock that might be the case but I believe the luxury owner-occupier end of the market has only just started to heat up.

 

“ If our previous projects and the swift sell out success of Eastern Road are anything to go by we will be focusing our Melbourne efforts on this luxury, large apartment market for the short to medium term to come,” he said.

 

So strong was the demand from this luxury owner-occupier market at its previous three projects, GURNER™ reconfigured Eastern Road’s floorplates prior to releasing it to market, to create a product mix where over 65 percent of apartments were two and three bedroom homes.

 

“ We originally had planned to deliver 85 apartments however we looked at the market and reconfigured the floorplates to combine the layouts into  much larger apartments, reducing the number to 71 residences.

 

“ As developers we need to be flexible to respond to market demands, so in the case of 74 Eastern Road we dedicated almost half of the floor plates above level four to three bedroom homes and created a collection of penthouses that included two very large penthouses that both sold for over $3.5million and another eight that sold between $1.6million and $2.2million.

 

“ 18 months ago there’s absolutely no way we would have designed floor plates so heavily weighted towards three bedroom homes and at such a high level of finish, however the market is changing so rapidly and we need to keep up with these changing demands,” he said.

 

“ This project is the absolute pinnacle for us as a business in terms of luxury and design and every intimate detail has been designed by David Hicks personally to ensure this development is one we all can be incredibly proud of.

 

“ Every time we launch a project we are always striving to lift the quality of luxury and amenity, and each time we are blown away by the uptake of sophisticated buyers that are in the market looking for that level of quality and craftsmanship,” he said.

 

74 Eastern Road is the first of three new projects GURNER™ will bring to the market in the next 18 months in South Melbourne alone.

 

22.02.16
GURNER partners with Smorgon family to develop 1450sqm Hawksburn site
22.02.16

Luxury property developer, GURNER™ has acquired the development rights to a substantial 1450sqm site at 162 - 164 Williams Road, Prahran, located within the iconic Hawksburn Village precinct.

 

The developer has entered into a joint venture agreement with the prominent Escor Group - the Jack and Robert Smorgon Family office - to develop the site, which the family acquired over the past 20 years, into approximately 40-45 luxury apartments.

 

The site, which includes GURNER™’s and Escor Group’s current office premises as well as a number of other buildings, represents one of the largest development opportunities in the Hawksburn Village precinct and one that cannot be replicated in terms of size or prominence.

 

Once complete the super high-end development will add approximately $60m to GURNER™’s portfolio and deliver between 40-45 apartments and commercial at ground level, as well as a new, larger office space for both the expanding GURNER™ team and the Escor Group.  

 

Fresh from the overwhelming success of what has been GURNER™’s most luxurious development to-date, 74 Eastern Road in South Melbourne, where all six penthouses totaling almost $11m sold in under and hour, GURNER™ founder and director Tim Gurner said this new project would seek to push the boundaries even further in terms of luxury high-end design.

 

“ We have tested the market with 74 Eastern Road in terms of the demand for ultimate luxury apartment living and proven that discerning owner occupiers are now actively seeking out - and willing the pay the price for – absolute high end apartments, so we will now look to step it up again with this new Hawksburn Village site.

 

“ The success of our recent luxury projects across Australia has definitely given us the confidence to push the boundaries in this luxury end of the market, so while the demand is there we are keen to deliver exactly what the market desires in the form of large, luxury, penthouse-style apartments.

 

“ As our brand strengthens in the market we are looking to push the boundaries further each time to ensure we are constantly redefining what’s possible in luxury living,” Gurner said.

 

“ We have an incredible opportunity here to target what is going to be one of Australia’s largest markets moving forward; as the ‘baby boomer’ generation transitions into low maintenance living, they are seeking high-end living opportunities in areas they feel comfortable in, that will allow them to stay close to shops, transport, and most importantly friends and family.

 

“ This means locations like Hawksburn Village which are at the intersection of Toorak, South Yarra and Prahran are become incredibly appealing as the baby boomer generation sell up the family home for extremely high price points, and want to cash in with either a beachside or country home, as well as an easy maintenance Melbourne base.   

 

“ They still want the internal space and luxury of a larger home, but without the inconvenience of gardens and maintenance,” Gurner said.

 

On the partnership with Escor Group, Gurner said he was excited to collaborate with the Smorgons to deliver what both parties know will be one of Melbourne’s most premium developments.

 

“ When entering into joint ventures it is critical that both parties share the same vision; we have been on the same page since day one and I know together we will create something very special.

 

“ I have a huge amount of respect for the Smorgon Family dynasty and what they have achieved through their property, investment and philanthropy interests over many generations, so I couldn’t be happier to announce what is hopefully the first of many successful joint ventures together.

 

“ This site is absolutely unprecedented in terms of size and location; development opportunities as large and as prominent as this in such a prime location in the tightly-held Hawksburn Village just simply don’t exist anymore.

 

“ We feel incredibly lucky to be a part of a development site that is so important and we will ensure that we produce an iconic design that is very sympathetic to the local context and delivers a new benchmark for design in the area.

 

“ We want to ensure we deliver a design that not only reflects our vision for ultimate luxury but is also appropriate for the site so we feel a competitive design pitch means we can select the very best design to give this iconic location a truly landmark building,” he said.

 

Michael Meehan, Escor Group’s Director of Finance and Investment said:

 

“ The Family is delighted to have found a partner to assist them to bring their long-term vision to reality. We assembled the large site over the past 20 years via a series of strategic acquisitions. The precinct has gone from strength to strength since the mid 1990’s when we first arrived in the Village and we have been patiently waiting to produce something special for the area that future generations of the family could be truly proud of.”

 

“ We were planning on developing the site ourselves however, having reviewed the delivery capabilities of Tim and his team, we determined that the optimum outcome would be achieved by joining forces.”

 

GURNER™ has invited four internationally-renowned architect firms to submit concept designs to deliver its vision for the iconic site, with the winning firm expected to be announced in the coming months.

 

The project is then expected to be submitted to planning not long after with GURNER™ targeting the end of 2016 to launch the development to the market.

 

07.12.15
GURNER acquires third South Melbourne site in 9 months, adding $270m to portfolio
07.12.15
Find out more

In what signals its third South Melbourne acquisition this year, luxury developer GURNER™ has announced the off-market acquisition of a prominent 1,250sqm (approx.) triangle site on the corner of Bowen Crescent and Kings Way, boasting uninterrupted views over Albert Park Lake and north to the city skyline.

 

7 Bowen Crescent is set to feature approximately 200 penthouse-sized luxury residences designed specifically for the discerning owner occupier and downsizer market.

 

The building will be designed by long-time collaborator, Elenberg Fraser with the interiors set to be crafted by legendary design king, David Hicks, in what will mark his second project with the GURNER™ team following their successful collaboration on the developer’s Eastern Road project located just 400m away.

 

Upon completion the development will be worth over $180million, taking GURNER™’s development portfolio up to over $2.2 billion, with interests split across Melbourne and Brisbane.

 

A long-term development opportunity, GURNER™ has acquired the site with tenant leases in place, therefore aiming to strategically hold the site while it concentrates on launching various other projects in both Melbourne and Brisbane in 2016.

 

This acquisition complements the developer’s other South Melbourne projects including 278 Kings Way - which is set to deliver 17 luxury, four-level homes - and 74 Eastern Road, which is set to feature 71 luxury residences over 10 levels, to be brought to market in early 2016 as the pinnacle of luxury living in Melbourne.

 

The acquisition confirms GURNER™’s strategic outlook for South Melbourne as the next hot-spot for luxury apartment offerings, having previously identified West Melbourne and then Fitzroy and Collingwood as priority development areas - West Melbourne for its ability to deliver affordable apartments in key employment areas and Fitzroy/Collingwood for its insatiable rental demand due to the thriving restaurant and café culture. 

 

Both locations have proved fruitful for the developer with GURNER™ launching and selling out over five successful projects across each location within the last five years.

 

Bordered by Kings Way to the west and St Kilda Road to the east, and located within easy walking distance of the Shrine of Remembrance, Botanical Gardens, Albert Park Lake and many high-end dining precincts, the Bowen Crescent site represents “the most desirable pocket in South Melbourne and incredibly sought after by Melbourne’s downsizer market”, according to GURNER™ founder and director, Tim Gurner.

 

“ With uninterrupted city or park-front views from every window, buyers will be very lucky to call this development home as most other sites have to deal with surrounding developments blocking aspect and views,” he said.

 

“ We see South Melbourne as a prime location for the unprecedented number of luxury downsizers entering the market over the next 18 months to three years as they trade in their family home for an inner-suburb apartment.

 

“ With the Arts precinct located just down the road, access to a number of popular dining precincts and surrounded by greenery with the Botanical Gardens and Albert Park Lake both just a short walk away, South Melbourne appeals to this market due to the lifestyle it affords them.

 

“ For us, South Melbourne fits our development model perfectly. It’s located less than one kilometre from the CBD, provides immediate access to established transport routes and boasts an established café and retail culture, with the added bonus of being 500m from all of Melbourne’s key gardens and cultural precincts.

 

“ When we find a location that supports our model we tend to stick to our guns, which is evidenced by our six previous projects developed in Fitzroy and Collingwood and  a further seven developments in West Melbourne.

 

“ With the market now geared towards larger apartments for the luxury market, we will seek to fill that demand with a series of luxury South Melbourne developments set to launch to the market in the next 18 months which will cater to the needs of this growing market,” he said.

 

GURNER™ has two more South Melbourne sites set to launch to the market next year, while the developer is actively seeking further South Melbourne sites to capitalise on the market while it experiences an unprecedented period of sustained growth.

 

Find out more

In what signals its third South Melbourne acquisition this year, luxury developer GURNER™ has announced the off-market acquisition of a prominent 1,250sqm (approx.) triangle site on the corner of Bowen Crescent and Kings Way, boasting uninterrupted views over Albert Park Lake and north to the city skyline.

 

7 Bowen Crescent is set to feature approximately 200 penthouse-sized luxury residences designed specifically for the discerning owner occupier and downsizer market.

 

The building will be designed by long-time collaborator, Elenberg Fraser with the interiors set to be crafted by legendary design king, David Hicks, in what will mark his second project with the GURNER™ team following their successful collaboration on the developer’s Eastern Road project located just 400m away.

 

Upon completion the development will be worth over $180million, taking GURNER™’s development portfolio up to over $2.2 billion, with interests split across Melbourne and Brisbane.

 

A long-term development opportunity, GURNER™ has acquired the site with tenant leases in place, therefore aiming to strategically hold the site while it concentrates on launching various other projects in both Melbourne and Brisbane in 2016.

 

This acquisition complements the developer’s other South Melbourne projects including 278 Kings Way - which is set to deliver 17 luxury, four-level homes - and 74 Eastern Road, which is set to feature 71 luxury residences over 10 levels, to be brought to market in early 2016 as the pinnacle of luxury living in Melbourne.

 

The acquisition confirms GURNER™’s strategic outlook for South Melbourne as the next hot-spot for luxury apartment offerings, having previously identified West Melbourne and then Fitzroy and Collingwood as priority development areas - West Melbourne for its ability to deliver affordable apartments in key employment areas and Fitzroy/Collingwood for its insatiable rental demand due to the thriving restaurant and café culture. 

 

Both locations have proved fruitful for the developer with GURNER™ launching and selling out over five successful projects across each location within the last five years.

 

Bordered by Kings Way to the west and St Kilda Road to the east, and located within easy walking distance of the Shrine of Remembrance, Botanical Gardens, Albert Park Lake and many high-end dining precincts, the Bowen Crescent site represents “the most desirable pocket in South Melbourne and incredibly sought after by Melbourne’s downsizer market”, according to GURNER™ founder and director, Tim Gurner.

 

“ With uninterrupted city or park-front views from every window, buyers will be very lucky to call this development home as most other sites have to deal with surrounding developments blocking aspect and views,” he said.

 

“ We see South Melbourne as a prime location for the unprecedented number of luxury downsizers entering the market over the next 18 months to three years as they trade in their family home for an inner-suburb apartment.

 

“ With the Arts precinct located just down the road, access to a number of popular dining precincts and surrounded by greenery with the Botanical Gardens and Albert Park Lake both just a short walk away, South Melbourne appeals to this market due to the lifestyle it affords them.

 

“ For us, South Melbourne fits our development model perfectly. It’s located less than one kilometre from the CBD, provides immediate access to established transport routes and boasts an established café and retail culture, with the added bonus of being 500m from all of Melbourne’s key gardens and cultural precincts.

 

“ When we find a location that supports our model we tend to stick to our guns, which is evidenced by our six previous projects developed in Fitzroy and Collingwood and  a further seven developments in West Melbourne.

 

“ With the market now geared towards larger apartments for the luxury market, we will seek to fill that demand with a series of luxury South Melbourne developments set to launch to the market in the next 18 months which will cater to the needs of this growing market,” he said.

 

GURNER™ has two more South Melbourne sites set to launch to the market next year, while the developer is actively seeking further South Melbourne sites to capitalise on the market while it experiences an unprecedented period of sustained growth.

 

07.07.15
Fitzroy's historic Spanish Club to get a new lease on life thanks to partnership with GURNER
07.07.15

As aging community and cultural clubs continue to close at a rapid rate due to financial pressures and declining memberships, luxury property developer, GURNER™ has announced a $30million redevelopment of Johnston Street’s The Spanish Club, (Hogar Español) in a deal that will breathe new life into the much-loved club and ensure its survival into the modern era. 


The deal will see the 789sqm prime site transformed into a new Spanish bar and restaurant and clubhouse facilities at ground level – to be operated by The Spanish Club – with approximately 50 apartments occupying the 5 - 6 levels above. 


The proposed design aesthetic will draw strongly from Spanish mansion architecture, capturing the transition between the heritage of The Spanish Club and the modern interpretation of the apartments above. 

What were once regarded as cultural institutions, immigrant social clubs all over Australia have been forced to either adapt or close their doors for good, such as the Sydney Spanish Club which was forced to shut in 2013, and Melbourne’s Celtic Club which is currently on the market with the members looking to relocate to a smaller, more financially viable site. 

Melbourne’s Swiss Club has suffered a similar fate with the club forced to lease out its restaurant to new tenants in order to stay afloat and Canberra’s Italian Club has endured a well-documented battle with the ACT Civil and Administrative Tribunal in an effort to keep its embattled pokies venue alive.


Established in 1969 along Fitzroy’s effervescent Johnston Street, The Spanish Club was founded by Padre Eduardo Sanchez, the Chaplin to the Spanish, who persuaded the Spanish government to assist in purchasing the building to serve as a social centre.


The club was originally called The Spanish Roman Catholic Mission, before later being renamed ‘Hogar Español’ meaning Spanish home. 


The club quickly grew to become a home away from home for hundreds of Spanish immigrants settling in Australia in the late 50s and early 60s, and over the years it evolved to offer extensive social and education opportunities for the Spanish and wider community.


One of Johnston Street’s most iconic venues, The Spanish Club has become synonymous with Fitzroy’s celebrated multi-cultural heritage and has played a pivotal role in the area’s vibrant character, most notably as the founder and initial trustee of the annual Johnston Street Festival.  


Faced with aging club facilities and the prospect of virtual extinction as it failed to attract new, younger members to replenish its declining demographic base, The Spanish Club’s president Margarita Ros said the Committee decided to use an external third party (Charter Keck Cramer) to approach a number of developers in a competitive redevelopment tender last year, in a move that would secure the club’s future and enable it to survive. 


“ Unfortunately in recent years the club’s operations had become unsustainable due to falling membership numbers so we were faced with the prospect of either closing our doors – which would have a devastating impact on the Spanish and wider community – or thinking outside the box to work in partnership with a developer and create a new beginning for us,” she said. 


 “ The Committee’s vision for the Club was for it to remain where it had been for over 45 years and for it to become one of the most well-known hotspots in Melbourne, where Spanish food, dancing and culture come to life, while still respecting its history,” she said. 


“ We wanted to ensure the significance of this site is preserved well into the future, so for this reason we decided to award the tender to GURNER™ as Tim and his team understand and respect what we want to achieve; they absolutely get it.

“ The decision to re-develop was extremely difficult for us but we feel it was the right one. Now we are excited about the future and working with GURNER™ to save The Spanish Club and keep it in its ‘spiritual home’. 


GURNER™ founder and developer, Tim Gurner said the deal would guarantee the survival of the historic club while modernising its facilities and allowing the club to create a whole new offering for its members, the Spanish community and the wider Melbourne community.  


“ When the Spanish Club first approached us last year I was excited about the prospect of working with the members to breathe new life into their club and allow them to continue to operate into the next 50-100 years. 


“ The Spanish Club is a Fitzroy institution, what they’ve done for the area is invaluable and we want to ensure it continues to be a viable enterprise forever. 


“ Johnston Street today is a melting pot of different cultures and The Spanish Club has played an integral role in the identity of the local area; to lose all that rich heritage would be a devastating blow for the area’s cultural DNA.


“ The sad reality is that social clubs are dying all over Australia; these institutions must innovate if they are to survive which is exactly what the Spanish Club has done. 


“ As developers we have a responsibility to preserve the essence of our city’s heritage and culture so this is a great example of collaborating with social clubs in order to ensure their longevity. 


“ We could have easily designed more apartments into this project however for us the motivation is to create a new future for the club so we are working with a reduced profit margin to deliver a substantial 500sqm dedicated to new facilities for the club. 


“We hope that the success of this project will encourage other Melbourne social clubs to contemplate similar partnerships in order to see them through into another 50 to 100 years,” he said. 


Gurner said the developer’s previous track-record in the local area helped get the team’s submission over the line, with Tim Gurner having previously developed 14 other sites within a one kilometre radius of the site and seven within 300m.

 
“ I love Collingwood and Fitzroy; surrounded by Melbourne’s best bars, cafés and nightlife there’s just such a rich tapestry of culture and vibrancy which is what we look for when acquiring any new sites. 


“ With every site we develop we ensure the location is appealing to our target demographic of 25-40 years old with a thriving café and restaurant culture. 


“ This ensures we are building projects in places people want to live and it also ensures our purchasers are buying into a premium location that will always see future growth above market trends. 


“ We see Johnston Street as the cultural heart of Fitzroy so it ticks all the boxes for us. 


“ The fact that this project had The Spanish Club attached to it made it all the more appealing to me. I love the area’s history and urban grit which I’m dedicated to preserving into the future. 


“ This is also evident at our recent sell-out success, 107 Cambridge Street, located just around the corner, which has a retained historic Foy and Gibson façade, as well as 28 Stanley Street which sold out in 24 hours, and we have just completed Oxley, Little Ox and Bellini all within 300m of the Spanish club. 


“ As part of The Spanish Club project we will be developing not only a brand new club house but also a Spanish bar and restaurant to rival Melbourne’s best. 


“ This restaurant will be operated by The Spanish Club, giving them an opportunity to reinvigorate their brand and attract a whole new generation of members that will ensure the club’s survival for years to come,” he said.  GURNER™ is now in the early stages of planning with the project likely to launch in mid-2016. 

16.06.15
GURNER tests apartment guidelines debate with new project in surprise 48-hour sellout
16.06.15

Melbourne’s owner occupiers continue to dominate the inner apartment market, with developer Tim Gurner’s latest luxury development reaching 100 percent sold in less than 48 hours, with over 55% percent sold to owner occupiers. 

28 Stanley Street, located in Collingwood’s historic Foy and Gibson precinct, launched to the public on Friday June 11, with the $30million project reaching 100 percent sold by close of Sunday afternoon.   

The developer had taken registrations of interest leading up to the launch, which resulted in an unprecedented influx of buyers over the opening weekend and led to the sell-out success of the project in just a few days.

The project follows the incredible success of the developer’s nearby Collingwood project, 107 Cambridge Street, which GURNER™ launched four weeks ago, and Regent Residences just 800m away in Richmond which is about to start construction after selling all 54 apartments in a matter of weeks. 

28 Stanley Street is Tim Gurner’s 14th project within a two kilometre radius of the site, with the company also currently settling the completion of 233 apartments just 100m away at ‘Oxley’ and 200m away at ‘Litle Ox’ on Johnson Street. 

Responding to ever-changing market demands and a surge in owner occupier interest, GURNER™ completely reconfigured the project’s floorplates to limit the one bedroom apartments to roughly 20 percent of the product mix, increase the size of all apartments and introduce multiple three bedroom offerings. 

The reconfigured design delivered average apartments sizes of 55sqm internally for one bedroom offerings, 67sqm internally for two bedrooms and between 120sqm and 150sqm for the project’s three bedroom penthouses, which all sold for over $1.5m.

So strong was the interest from the owner occupier market, three separate potential buyers who missed out on their desired three bedroom offering, decided to purchase two apartments adjacent each other and have them converted into a large three bedroom floorplan. 

“ The interest from owner occupiers has been absolutely astounding. Our large apartment offerings have been the first to sell, with many purchasers buying two apartments and customising them to suit their lifestyle – a new trend in Collingwood that only two years ago would have been unheard of,” Gurner said. 

“ Based on the sales of our previous sell out Collingwood project, 107 Cambridge Street, we knew the owner occupiers demanded larger apartments, so we completely redesigned this project to offer larger-than-average, luxury apartments. 

“ We launched the project with 47 apartments and by the end of the 48 hour selling period we had customised the floor plan into 40 apartments. 

“ Had we offered these large apartments in the CBD or West Melbourne, it would have been a totally different story as the market in these locations has very different demands and desires.  

“ That’s why it is so important to assess each and every project on its own merits using its extremely local buyer profile as a guide, rather than using a blanket formula across the board. 

“ What works for one location is absolutely not going to be the right mix for another location, which is why I strongly believe that applying apartment standards across Victoria is a flawed premise that simply won’t be able to keep up with our rapidly moving market trends,” he said. 

Mr Gurner said if mandated, minimum apartment guidelines would run the risk of becoming quickly outdated and would inhibit architects and developers from being adaptable to changing market trends. 

“ Just two years ago we were selling in a completely different landscape, and buyers of our three Collingwood projects at the time - Oxley, Little Ox and Bellini - were demanding a more price-focused product. 

“ This resulted in the larger apartments being much slower to sell. Fast forward to today and we are seeing a complete reversal in demand – purchasers are seeking out larger apartments and the smaller offerings are harder to sell. 

Gurner said it was critical for the Government to consult with property industry leaders and developers to discuss the financial implications of the proposed apartment standards debate, as any changes would severely limit supply and increase costs across the board. 

“ The proposed apartment standards guidelines could have a devastating effect on Victoria’s affordability and supply, just as it did in Sydney when New South Wales introduced the SEPP 65 over a decade ago. 

“ The implications of those policy changes caused 10 years of under supply which pushed up prices to unsustainable levels, which has now resulted in a property market which is simply unaffordable for anyone trying to enter the market for the first time. 

“ Under the proposed changes, a development site which would currently house 100 apartments, may in the future be limited to just 60 or 70 under the new laws. 

“ This means less apartments are delivered but at a greater cost to the end user as developers will still need to recoup development costs. 

“ This is coupled with Melbourne’s restrictive new neighbourhood planning laws which have placed severe restrictions on development in many of Melbourne’s desirable inner suburbs, which is already having a marked effect on supply in our most in-demand locations.

“ The combination of these two policy changes together would absolutely have a lasting negative effect on supply which would ultimately push up prices to unsustainable levels,” he said.  

Positioned within the City of Yarra’s most historically significant ‘Foy and Gibson’ precinct, 28 Stanley Street draws inspiration from Manhattan’s Meatpacking district, to create a new architectural platform for Melbourne. 

With its exposed brick detailing and matte black tapware, as well as its feature concrete ceilings, track lighting, LED strip lighting, Ilve appliances and timber floorboards to the kitchens, living and bedrooms, 28 Stanley Street’s design aesthetic celebrates the location’s unique industrial heritage and warehouse appeal. 

The project is located just 800m from the CBD, 700m from Fitzroy Gardens and within a 1km radius of some of Melbourne’s best Universities, sporting precincts, shopping destinations and the famed Yarra River. 

“ Collingwood makes sense for our clients due to its incredibly low vacancy rate of just 0.9 percent while median rental yields for apartments currently sit at 5.9 percent.

“ If the sell-out success of 28 Stanley Street and our previous Collingwood project, 107 Cambridge St is anything to go by, I can safely say that Melbourne’s owner occupier market has wholeheartedly embraced inner-suburban apartment living, which is why we have tailored these projects perfectly around their needs,” he said. 

Designed by world-renowned New Zealand-based architects, Warren and Mahoney, 28 Stanley Street consists of 40 luxury New York loft style apartments anchored by retail and hospitality offerings at ground level. 

For more information about the project please visit www.gurner.com.au

Media Contact:

Ashleigh McInnes, Papermill Media: [email protected] 0403 338 796 

About Foy and Gibson:

Foy and Gibson was a pioneering retail empire in Melbourne which produced a host of leather, furniture, clothing and hardware goods and by the turn of the century had built the largest department store in the southern hemisphere as well as occupied a string of spinning and woolen mills, warehouses and apparel factories all within a two mile radius.  

While the company eventually went into liquidation in 1968 the Foy and Gibson name has left a lasting mark on Collingwood’s architectural DNA with many now heritage-protected façades still baring its name. 

21.05.15
GURNER to launch final building in FV project
21.05.15

Luxury property developer, GURNER™ has announced the impending launch of the third and final building in its landmark ‘FV’ project in Fortitude Valley, following the sell-out success of the first two buildings which sold all 651 apartments totaling over $340m in just over 12 weeks.

 

Aptly titled ‘No.1’, this final offering is set to completely transform Fortitude Valley into a luxury shopping and culture destination, with 3,000sqm at ground level dedicated to retail, café and restaurant offerings on Brunswick Street, with interest already garnered from some of Australia’s best chefs, retailers and bar operators.

The building, designed by Elenberg Fraser, will deliver 267 apartments and a lifestyle experience which GURNER™ founder and director, Tim Gurner describes as “akin to some of the finest six star hotels in the world”.

“ I hold New York’s luxury apartment market in great esteem, and having been inspired by the luxury concierge offerings which are considered standard in some of the city’s best apartment buildings, I wanted to bring that level of service and attention to detail to FV.

“ The building will offer a personal concierge service for residents, which will mirror the level of service provided at the world’s most prestigious hotels. The concierge will be able to book your appointments, have your car washed, research restaurants for you, receive your shopping; basically any request you would ask of a hotel concierge, you will be offered that same level of service at FV.

The concierge will be located in the building’s dramatic 250sqm entry lobby and is set to feature a cold and dry store, lounge area and a Champagne Bar for residents to entertain visitors and get to know their neighbours.

Not only will future residents of No.1 be able to enjoy the concierge service, but they will also benefit from an unparalleled dedication to luxury amenity, in the form of a 700sqm rooftop ‘Platinum Club’, which is only available to residents of the No.1 building.

This rooftop amenity has been inspired by luxury Maldives and Bora Bora resorts and is set to include an expansive infinity pool wrapping around half the building, an underwater lounge area, water feature, sundecks, bars and barbeque areas. 

Following on from the success of a similar concept within the first two buildings, within the Platinum Club the developer has included two expansive private retreat areas which can be booked out for residents’ exclusive use. 

Both feature large entertaining areas, sun lounges, BBQ’s, dining area and their very own pool looking out over Storey Bridge, the river, CBD and sunset; an experience like no other in Brisbane.

This amenity is in addition to the project’s overarching ‘FV Private Club’ which services residents of all three buildings and offers 3,000sqm of luxury amenity including a 50m long u-shaped sunken infinity pool, a private dining room, moonlight cinema room, health club, yoga studio, BBQ and deck areas, as well as three VIP lounges with pools available for all-night bookings.

“ We are taking luxury living to a whole new level not seen before in Australia.  Residents will have access to over 4200sqm of private amenity; complete with no less than eight pools, a number of bars, private dining areas, cinema facilities, a gym, yoga studio and much more.

“ We have included so much amenity and quality in the development to ensure that we are competing with only the very best buildings in town and our owners and investors will always have security in leasing and re-sales.

“ While many would assume this level of amenity comes at significant cost, the opposite is true; due to the building’s design efficiencies and scale we are able to deliver this amenity at minimal extra cost to the purchaser.

“ With a lot of talk surrounding the many new developments rumoured to be coming to the market in Brisbane in the coming months, we wanted to ensure that purchasers who are buying into FV – or any GURNER™ project for that matter – are benefiting from a unique point of difference not offered anywhere else in the marketplace,” he said.

In what is a first for new developments in Fortitude Valley, No.1 will also offer a state-of-the-art Business Club, offering a conference centre, library, boardroom, private dining room, lounge and bar, located on level 5 which is dedicated purely to this unique amenity offering.

The Business Club and private bar and dining area are Business Club and private dining facility will provide residents with the ability to book out the entire floor to run conferences, followed by hosting casual drinks and a formal dinner to entertain guests into the evening.

“ The idea behind the Business Club was to offer the area’s many white collar professionals and entrepreneurs the ability to essentially run their business from home at our first-class facilities, or book out the centre to host a conference during the day before then entertaining guests next door in the private dining room and bar,” he said.

Offering larger-than-average floor plans and luxury interior fit-outs as standard throughout the apartments, No.1 has been designed for owner occupiers, and everything from the rose gold tapware and natural stone finishes to the feature LED strip lighting and expansive floor-to-ceiling glass windows, have been created with these purchasers in mind.  

“ With the recent sell-out of the project’s first two buildings we knew the market had become accustomed to FV’s level of luxury as standard, so we wanted to take it even further with No.1 to the point of absolute glamour.

“ Being directly north facing, the orientation of this particular building will capture the morning sunrise and beautiful northern sun through out the day  making it particularly appealing to owner occupiers.

“ With this demographic in mind we have completely customised the interiors and amenity offering to create the most unique, luxury apartment offering currently on the market in Brisbane.  

“ Even the orientation of the apartments have been designed to maximise the amount of floor space that’s window-facing.

“ The beauty of this building is that we had a large 2,000sqm site with a tower footprint of only 800sqm, therefore we were able to design the perfect apartments with optimal use of space, orientation, design and usability.

“ With this in mind Elenberg Fraser has eliminated the need for any dark corridors or long, squat apartments, instead each apartment maximises its full width against the expansive glass façade with large living spaces overlooking the views; many of the apartments boast up to 40sqm of window frontage.

“ The delivery of FV will create a new sculptural icon for Brisbane, one that will stand tall alongside the to the Story Bridge and James Street precinct as a beacon of style and prosperity.

“ We see Brisbane as one of the most dynamic markets in Australia thanks to its property and population growth forecasts, the continued investment into infrastructure and the urban renewal of some of the city’s key suburbs.

“ While there is constant talk of oversupply, I do not believe that all the approved projects slated for development in Brisbane will actually be built, which will continue to put pressure on Brisbane’s supply and ensure longevity in the Brisbane market. 

“ We are extremely positive about the market and actively looking for more opportunities to invest in this great city.

“ When we first released the vision for FV last year, many people said it would never get off the ground.

“ Within six months of obtaining planning approval we have already started construction on the first two buildings and have witnessed the incredible sell-out success of over 650 apartments in just 12 weeks, so we are incredibly humbled and elated that the market has responded to the project so overwhelmingly,” he said.

Brookfield Multiplex has recently commenced construction across the project’s ‘Flatiron’ and ‘Valley House’, with the first building slated to reach completion in 2017.

GURNER™ has recently commenced discussions with its VIP database consisting of past purchasers and clients, with over 550 registrations already received for the 267 apartments.

The project will launch to the public in June. 

07.05.15
107 Cambridge St a sell-out in 48 hours
07.05.15

 

 

Hot on the heels of GURNER™’s recent sell-out success in West Melbourne whereby all 241 apartments where sold in just six weeks, founder and director Tim Gurner has announced that 95% of the 90 luxury residences in his latest project in Collingwood, totaling over $50million, sold in just 48 hours, with the project reaching fully sold out in just seven days.

 

‘107 Cambridge St’, located in the City of Yarra’s most historically significant ‘Foy and Gibson’ heritage precinct, was released to the market on Saturday 25th April and by close of business Monday 27th April, 85 of the 90 apartments had sold in quick succession.

In what represents an unprecedented turn-around period from sales to construction, GURNER™ has now appointed Construction Engineering (Aust) Pty Ltd to build the project, with construction slated to commence in four weeks’ time.

The $60million project is being funded by ANZ, and represents Tim Gurner’s 13th development within a few hundred metres of the site, with previous project successes including ‘Oxley’, ‘Little Ox’ and ‘Bellini’; all now sold and close to reaching completion.

“ With this project’s heritage façade and its ideal location in Collingwood’s historic Foy and Gibson precinct, we knew it would appeal to a host of buyers but we had no idea just how successful it would be and how fast it would sell out.

“ We announced the project to our VIP database in early April and within a week the project had been oversubscribed three times over. To be all but sold out within 48 hours is certainly the most phenomenal result we’ve ever encountered.  

“ I had been waiting for years for a unique site such as this one - with its rich history and beautiful façade I knew we could do something special with the site so it’s humbling to have experienced such a strong response from the market,” Gurner said.

Gurner said he had always held an affinity for New York’s luxury loft-style living, particularly in the meat packing district which has recently undergone a period of significant gentrification to now boast some of New York’s most expensive and coveted heritage loft apartments.

“ I have always been fascinated by New York and in particular the meat packing district; I love the way these derelict factories and warehouses have been effortlessly converted into these incredible luxury apartments.

“ We briefed Elenberg Fraser with the concept of bringing New York loft living to Collingwood and they have absolutely nailed it. We have taken the detailing and quality of the interiors to a whole new level and I can honestly say I don’t think any other comparable project currently on the market can match this level of finish and quality created by the team at Elenberg Fraser.

“ The joinery throughout the kitchens and bathrooms is honestly better than what I have installed in my own home.  The incredible detailing with a huge amount of intricate aged bronze metal work, anodized iron feature cabinetry, 2-pac joinery, stone bench tops and Ilve appliances are at a level not seen before in a residential apartment development of this scale. 

“ The bathrooms have taken luxury to a new level with the bespoke solid surface vanities, aged bronze tapware and shelving, round custom mirrored cabinets, LED feature lighting and hand-made hatched feature tiles.

“ It will be absolutely phenomenal, it’s one of the most exciting projects I believe we’ve ever brought to market in Melbourne,” he said. 

The 2100sqm 107 Cambridge St site is set behind the stunning Foy and Gibson red brick façade, with Elenberg Fraser creating a modern architectural form to quietly stand behind, rather than compete with, the heritage façade at ground level as the true hero of the building. 

In its heyday, Foy and Gibson was a pioneering retail empire in Melbourne which produced a host of leather, furniture, clothing and hardware goods and by the turn of the century had built the largest department store in the southern hemisphere as well as occupying a string of spinning and woolen mills, warehouses and apparel factories all within a two mile radius. 

While the company eventually went into liquidation in 1968 the Foy and Gibson name has left a lasting mark on Collingwood’s architectural DNA, with many now heritage-protected façades, including GURNER’s new 107 Cambridge St project, still baring its name.

The ground floor also contains over 600sqm of retail, which Tim Gurner will be retaining and creating what he describes as a “world class café and restaurant precinct celebrating Collingwood’s love of the arts, culture and food.”

The sell-out success of 107 Cambridge St has spurred GURNER™ to bring forward the anticipated launch of its next Collingwood project, located just 200m away at 24-28 Stanley Street.

The Stanley Street site has recently received a permit and GURNER™ plans to demolish the existing site straight away in anticipation of a fast-tracked launch sometime in the next three weeks, in order to capitalise on the insatiable demand for luxury apartment projects in the Collingwood area.

GURNER has steamrolled into 2015 with a number of sell-out projects including ‘Ikebana’ in West Melbourne which sold out in under six weeks, and ‘FV’ in Brisbane which has sold all 651 apartments in Stage One and Two, spurring the developer to fast track the release of the final building, ‘No.1’ which is set to launch to the market in the coming weeks. 

23.04.15
GURNER launches $60m project in heritage Foy and Gibson precinct
23.04.15

 

Melbourne-based property developer, GURNER has announced the impending launch of its third new apartment project in as many months, this time a New York loft-inspired development featuring a historic 1880s façade in the heart of Collingwood’s historic Foy and Gibson precinct.

 

Located in Cambridge Street and designed by long-time GURNER collaborator, Elenberg Fraser, ‘107 Cambridge St’ will include 90 luxury loft-style apartments over six levels, inspired by the best of New York and London converted warehouse living.

One of the last developable sites within the historic Foy and Gibson precinct – the City of Yarra’s most historically significant precinct which houses a series of 19th Century industrial warehouses and factories – 107 Cambridge effortlessly integrates with its heritage façade at ground level, melding into a sleek architectural form above.

The 2000sqm 107 Cambridge St site is set behind the stunning Foy and Gibson red brick façade, with Elenberg Fraser creating a modern architectural form to quietly stand behind, rather than compete with, the heritage façade at ground level as the true hero of the building. 

In its heyday, Foy and Gibson was a pioneering retail empire in Melbourne which produced a host of leather, furniture, clothing and hardware goods and by the turn of the century had built the largest department store in the southern hemisphere as well as occupying a string of spinning and woolen mills, warehouses and apparel factories all within a two mile radius. 

While the company eventually went into liquidation in 1968 the Foy and Gibson name has left a lasting mark on Collingwood’s architectural DNA, with many now heritage-protected façades, including GURNER’s new 107 Cambridge St project, still baring its name.

The ground floor also contains over 600sqm of retail, which Tim Gurner will be retaining and creating what he describes as a “world class café and restaurant precinct celebrating Collingwood’s love of the arts, culture and food.”

This is the developer’s thirteenth project within a two kilometre radius of the site, with GURNER™ founder and director, Tim Gurner first identifying the suburb as a key area for investment growth some half a decade ago.

“ We have liked Collingwood as a suburb for some time now. Our acquisition strategy is simple – we only consider sites within a one to two kilometre radius of the CBD and they must have a thriving café and restaurant culture, which then attracts our ideal demographic of renters and owner occupiers between 25-40 years of age.

“ Collingwood ticks all the boxes for us which is why we have invested so heavily in this area over the past five years, before many even considered Collingwood as a growing market for apartments.

“ Collingwood is one of Melbourne’s fastest growing suburbs; over the last five years alone the median unit price has increased by almost 35 percent**, while vacancy rates are staggeringly low at just 0.9 percent***.

“ This is substantially lower than vacancy rates in the CBD which currently sit at 5.6 percent****.

“ Research also currently indicates that typical rental yields are around 5.9 percent which is great news for our clients,” he said.

Gurner said he had always held an affinity for New York’s luxury loft-style living, particularly in the meat packing district which has recently undergone a period of significant gentrification to now boast some of New York’s most expensive and coveted heritage loft apartments.

“ I have always been fascinated by New York and in particular the meat packing district; I love the way these derelict factories and warehouses have been effortlessly converted into these incredible luxury apartments.

“ I had wanted to recreate a similar feeling in one of our projects back home for quite some time but it wasn’t until we purchased the heritage Cambridge Street site that I felt we had the opportunity to create something truly special that will stand on par with some of the best conversions in the world.

“ It will be absolutely phenomenal, it’s one of the most exciting projects I believe we’ve ever brought to market in Melbourne,” he said. 

GURNER has steamrolled into 2015 with a number of sell-out projects including ‘Ikebana’ in West Melbourne which sold out in under six weeks, and ‘FV’ in Brisbane which has sold all 651 apartments in Stage One and Two, spurring the developer to fast track the release of the final building, ‘No.1’ which is set to launch to the market in the coming weeks.

107 Cambridge St features 90 apartments and retail at ground floor, with 45 one-bedroom and 44 two-bedroom apartments along with 1 three-bedroom penthouse. Apartments range from 53sqm to 141sqm and start from $385,000. 

09.04.15
Construction commences on landmark $600m FV project in Fortitude Valley
09.04.15

Luxury apartment developer, GURNER™ has today turned the first soil at its landmark $600m ‘FV’ project in Fortitude Valley, after a phenomenal sales campaign which quickly saw all 651 apartments in the first two buildings completely sell out after just a few months.

 

The striking Elenberg Fraser-designed development is one of the first in a new calibre of design-led projects to commence construction in Brisbane, which will help to shape the city skyline as it transforms into a world-leading, dynamic destination for residents and tourists alike.

The project is set to play a pivotal role in the urban renewal of Fortitude Valley and will deliver over 2,500sqm of luxury retail, 4,300sqm of resident amenity within the FV Private Club and 920 residential apartments over three architecturally distinct, world-leading buildings.

According to Brisbane Lord Mayor, Graham Quirk, FV is one many exciting proposals which have been approved by Brisbane City Council in the Fortitude Valley precinct since January 2013.

“We are in the midst of a regeneration of the Fortitude Valley precinct with several hotel, residential and commercial projects coming online, reflecting the evolution of the Valley as a premier lifestyle and entertainment hub,” Cr Quirk said.

“Iconic developments such as FV are revealing the Fortitude Valley as a lifestyle destination, with the mix of new and heritage buildings taking shape and showcasing Brisbane as a new world city.

“These developments are not only contributing to urban renewal, but they will have long-term benefits for the Valley’s economy with many major businesses now taking up residence,” he said.

GURNER™ founder and director, Tim Gurner said the commencement of construction at FV marked a new era for Brisbane as a progressive, infrastructure-rich city and a true “new world city”.

“ Brisbane is undergoing an exciting period of transformation, with a number of landmark projects set to redefine the city over the next five to ten years as Brisbane expands into one of Australia’s most important cities and lifestyle destinations.

“ FV is one of the first of these elite projects to commence construction, signifying our commitment to the Brisbane market as we bring this vision to life.

“ Our vision to create a building of such a large and iconic scale was suggested by many to be too early for Brisbane, however having sold all 651 apartments in such a short timeframe I think we have now proven that to be wrong. 

“ Brisbane is changing rapidly and astute buyers around Australia are responding in droves and this is being reflected in the in the continuing growth of the city.

“ The huge sales success we have witnessed to date has spurred us to fast-track construction of the first two stages so we are delighted to be turning the first soil here today.

“ This represents not only a great day for Brisbane’s city skyline but a commitment from GURNER™ to deliver this landmark project and mark a new chapter in Brisbane’s architectural landscape,” he said.

International world-leading firm, Brookfield Multiplex will be responsible for delivering the first two buildings of the three tower precinct, ‘Flatiron’ and ‘Valley House’, in a contract worth over $150m.

Brookfield Multiplex’s Regional Managing Director for Queensland, Rod McDonald, said construction commencing at FV was an important milestone for Brisbane.

“FV will play a major role in revitalising the Fortitude Valley precinct by creating a much needed amenity and a real identity for residents.

This is our largest residential project in Brisbane in recent years and we are proud to be involved in such an exciting and transformative project.”

The project’s third and final tower, ‘No.1’, is set to launch to the market in 2015.

 

KEY PROJECT FACTS:

 

-       Developed by GURNER™ 

-       $600 million end project value

-       Bordered by Brunswick Street, Alfred Street and Barry Parade in Fortitude Valley, Brisbane

-       Total site area: 5,000sqm island site

-       Architecture and interior design by Elenberg Fraser

-       Three tower multi-use development comprising 920 one, two and three bedroom apartments

-       Over 4300sqm of luxury retail along Brunswick Street, Alfred Street and a high end showroom along Barry Parade

-        

KEY CONSTRUCTION FACTS (BUILDINGS ONE AND TWO ONLY):

-       500 on-site jobs and over 2,000 off-site jobs will be created from construction

-       Over 28,000m3 of concrete will be used

-       3,000tonnes of reinforcement

-       10,000m2 of glazed windows to be used

-       In the final 6 months of construction, Brookfield Multiplex aim to complete 1 level per week across both buildings, equating to roughly 54 apartments per week 

08.04.15
Landmark FV project attracts international investment
08.04.15

 

Brisbane’s thriving apartment market is drawing unprecedented investment from some of the world’s largest global institutions, as luxury developer, GURNER™ announces construction on its landmark $600m ‘FV’ project, which is backed by a consortium of major finance players.


The project’s finance facility, worth $220million, is one of the largest syndicated investments into Brisbane’s property market in recent years and consists of the likes of Singaporean-based investment firm, Thakral, a credit fund managed by an affiliate of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”)and one of Australia’s most prolific investment managers, MaxCap Group. 

The funding facility is being fully underwritten by ANZ Bank, with MaxCap helping to facilitate the deal with GURNER TM.

“ Tim Gurner set us a challenge from day one but we knew we had the right ingredients to structure this investment,” said MaxCap Managing Director, Wayne Lasky.

GURNER™ founder and director, Tim Gurner said the global investment backing reflected the confidence in the project and the brand and also the increasing international confidence in the thriving Brisbane apartment market as a number of key infrastructure and renewal projects continue to redefine the city. 

“  Our FV project in Fortitude Valley has attracted international funding from some of the world’s largest investors including Apollo, Thakral and leading private Australian family offices, which is an incredible accomplishment for us and Brisbane.

“ This represents the increasing strength in the apartment market and the local economy as billions of dollars are invested into key infrastructure and development projects.

“ To have a project such as FV which has brought together the likes of Thakral, Apollo, MaxCap and ANZ to invest heavily in Brisbane speaks volumes for the project and economy and the longevity of the market here.

“ Having the backing of such major international players, and to commence construction on the project today, marks an unprecedented commitment into Brisbane’s future so we are delighted to be turning the first soil and stepping closer to delivering this landmark $600million development,” he said.

GURNER™ has today turned the first soil at the landmark development, after a phenomenal sales campaign quickly saw all 651 apartments in the first two buildings completely sell out after just a few months.

Construction on the first two buildings in the three building development is expected to create upwards of 2,500 jobs in the local Brisbane economy.

According to Brisbane Lord Mayor, Graham Quirk, FV is one of many proposals which have been approved by Brisbane City Council in the Fortitude Valley precinct since January 2013.

“We are in the midst of a regeneration of the Fortitude Valley precinct with several hotel, residential and commercial projects coming online, reflecting the evolution of the Valley as a premier lifestyle and entertainment hub,” Cr Quirk said.

“Iconic developments such as FV are revealing the Fortitude Valley as a lifestyle destination, with the mix of new and heritage buildings taking shape and showcasing Brisbane as a new world city.

“These developments are not only contributing to urban renewal, but they will have long-term benefits for the Valley’s economy with many major businesses now taking up residence,” he said.

Once complete, FV will play a pivotal role in the urban renewal of Fortitude Valley and will deliver over 2,500sqm of luxury retail, 4,300sqm of resident amenity within the FV Private Club and 920 residential apartments over three architecturally distinct, world-leading buildings.

International world-leading firm, Brookfield Multiplex will be responsible for delivering the first two buildings of the three tower precinct, ‘Flatiron’ and ‘Valley House’, in a contract worth over $150m.

02.04.15
Ikebana moves from sales launch to construction in just 16 weeks
02.04.15

Luxury apartment developer, GURNER™ continues to take Australia’s apartment market by storm, with its latest project, a $140million luxury development in West Melbourne, commencing construction just 16 weeks after launching to the market.

 

GURNER™ launched the project, known as Ikebana, to its VIP database in December and by January the development had sold out “at a rate faster than we had ever witnessed before,” said GURNER™ founder and director, Tim Gurner.

After the project’s unprecedented sell-out success, Hamilton Marino was appointed to construct the development in February and works have already commenced on site this March with demolition now complete.  

The original program had projected the project’s sales targets would be reached by June with construction commencing in late September 2015.

The project is being financed by NAB as the senior financier on the $85million package, in a deal facilitated by Maxcap Group.

“ NAB has been a big supporter of our previous West Melbourne projects and have recently financed our ‘Alessi’ project located only 100m from Ikebana and many other key Melbourne projects.

“ Based on the success of Alessi, NAB was keen to partner with us again to deliver our latest West Melbourne project in collaboration with MaxCap, who facilitated the deal, so we are delighted to be fostering and continue our strong relationships with these important collaborators,” Gurner said.

MaxCap Group is one of Australia’s most prominent investment specialists which manages investments for a number of major institutional funds.

“ As the lead company responsible for providing the full debt solution, MaxCap is thrilled to see GURNER™’s vision for Ikebana now come to reality,” said MaxCap Group managing director, Wayne Lasky.

Comprising 241 apartments, Ikebana represents one of the developer’s most audacious designs to-date with the Japanese-inspired project designed by Elenberg Fraser.

Inspired by its namesake ancient art of flower arranging, Ikebana features ‘hand-torn’ concrete sheets that adorn the building’s façade, a Japanese Zen garden and luxurious VIP health, spa and private dining retreats for the exclusive use of residents.

Tim Gurner suggested the project’s enviable location at the gateway to the CBD and Docklands, coupled with its unique Japanese aesthetic and dedication to luxury amenity, were some of the key factors that had attracted purchasers to the project.

“ West Melbourne has always traditionally been a high-performing location for us with our four other developments in the area all selling out relatively quickly, however the recent sell out success of Ikebana has completely blown us away.

“ Moving from a sales launch to sell-out success in just six weeks, to then commence construction all within a 16 week period is just unheard of for Melbourne’s market,” he said.

Construction on the project is slated to take approximately 19 months, with settlement anticipated in September 2016.  

“ Due to the excellent returns and rental yields garnered from our West Melbourne projects, we have seen many of our clients reinvest into every single development we have taken to  market in West Melbourne and would do so again 10 times over - we struggle to keep up with the demand.

“ Almost all of the project’s sales have come from local Australian buyers, which suggests that our apartment market is well and truly alive and breathing.

“ There is always talk that Melbourne’s apartment market is potentially over supplied however the success of this project just proves that high-end apartment projects with the right apartment mix, in the right location that are close to existing amenity and infrastructure, will continue to draw demand at an insatiable rate.

“ It is not easy out there as buyers have become extremely astute, however the sell-out success of Ikebana reflects that if you do get each element right the market is very strong and I believe this will continue for a long time to come,” Gurner said.

Gurner has experienced similar success in Brisbane after his iconic Fortitude Valley project, FV sold 630 apartments of 651 totaling over $300million in just 12 weeks.

Located at 130 Dudley Street, Ikebana is GURNER’s first of at least six new developments to launch to the marketplace in 2015, with the developer gearing up to launch projects in various suburbs of Melbourne and Brisbane in the coming months. 

12.09.14
Expansion Continues - September Update
12.09.14

2014 is shaping up to be a very exciting chapter for the GURNER™ team. The approval of the landmark FV project in Brisbane has seen GURNER™’s national expansion plans move into top gear. GURNER™ has also sold out Hemingway in 6 weeks and acquired 2 new sites adding another 300 apartments to its growing portfolio. GURNER™ now has over 2,000 apartments under development with an end value of more than $1.1billion.

Approval for $600M Brisbane Landmark

GURNER™ will deliver a slice of the Big Apple to Brisbane with its world-class FV project, following a
landmark approval by Brisbane City Council in June.

The three-tower Elenberg Fraser designed project will comprise more than 900 apartments, ground floor
restaurant, bars, cafés, retail and office space precinct, three VIP rooms and a 3,000 square metre residents-only resort-style club. To be known as the FV Private Club, it will feature a U-shaped skyline pool and sunken bar, private dining with city views, a health and leisure club and moonlight cinema. Set to hit the market SOON! 

Ikebana, West Melbourne

GURNER™ is excited to announce the acquisition of an amazing new site in West Melbourne. Already permitted, it is set to hit the market in late 2014 and comprises 250 apartments. Another Elenberg Fraser and Jack Merlo collaboration.

107 Cambridge St, received Green light and Elenberg Fraser appointed

Tim Gurner’s Collingwood success story continues with a permit for an 92 apartment project to be located on iconic Cambridge Street. Designed by Elenberg Fraser, 107 Cambridge Street will be inspired by the New York Meat Packing District.

Eastern Road plans submitted to planning

GURNER™ has appointed renowned architects Elenberg Fraser and Jack Merlo to deliver their vision for the
site. Positioned just 150m from Albert Park and 500m from the Royal Botanic Gardens. The team has now
submitted plans for 85 apartments plus retail.

Gurner reveals Stanley Street design with plans submitted to planning

Also in Collingwood, GURNER’s collaboration with New Zealand-based architects, Warren and Mahoney, has
produced a design that will set a new benchmark for the suburb. The multi-residential project will comprise 41 one and two bedroom apartments (including retail) and a residents-only communal rooftop terrace.

Hemingway a sellout success story

In a sellout success, all 55 two and three bedroom townhouses at GURNER’s luxurious Hemingway
Residences in Alphington sold in just six weeks following the project’s launch in early April.

Construction is now underway and is due for completion mid-2015.

Confidential

Gurner™ is secretly working on a new South Melbourne site with renowned design team, Plus Architecture. Details released soon.

26.06.14
$2bn changing the face of Fortitude Valley
26.06.14

$2bn changing the face of Fortitude Valley

Almost $2 billion worth of development is underway across Brisbane's gritty Fortitude Valley precinct, as urban renewal creeps into the heart of the inner-city suburb.

The Brisbane City Council's $4 million renovation of the Brunswick Street pedestrian mall will open next month, as construction for the nearby $600m Gurner Flatiron and the $20m Wyndham Group's TRYP Hotel takes off.

Brisbane Lord Mayor or Graham Quirk said the council had "taken the shackles off the Valley" to allow increased high-rise and improved economic activity. "What we are seeing is a real show of confidence in terms of investments in Fortitude Valley across industry sector," he said.

30.05.14
Four week sell out for Alphington, Melbourne's Hemingway Residences
30.05.14

Four week sell out for Alphington, Melbourne's Hemingway Residences 

Hemingway Residences in Melbourne’s Alphington have sold in four weeks, after launching 55 two- and three-bedroom townhouses to the market, totaling $47.5 million sales.

The project, developed by GURNER in conjunction with Chamerlain Javens Architects, was a transformation of a 9,160 square metre site on the corner of Heidelberg Road and Perry Street, or the former Jika International Hotel site. It is five kilometres from the CBD.

GURNER founder, Tim Gurner, said that the fast sale for Hemingway Residences demonstrates confidence and is a good sign for the market.

“Sales momentum has been really strong since the project launched at the start of April,” said Gurner.

Properties had an average sale price of $880,000, and ranged from $795,000 to over $1 million. Those over $1 million included three-bedroom, three-bathroom homes that included car garages. Separate laundries and under-stair storage were also on offer.

“When we first priced the project it was challenging, as the quality of Hemingway Residences is not often found in an inner-city project.  Now after selling out the project in only four weeks, our clients and buyers can feel confident that they secured great value for money in a prized location,” he said.

It was not marketed internationally, selling primarily to local downsizers and younger second home buyers moving out of apartments, plus a “handful of investors”.

Construction will commence in one week, due for completion mid next year.

Offered optional features included instant boiling water taps, gas log fires and marble benchtops.

Named after, yes, Ernest Hemingway there is an emphasis on gardens and outdoor space. However, according to council records, the townhouse style development wasn’t the only possibility for the site – noting that a high rise apartment development could also have been contemplated.

06.05.14
Featured on Urban Developer: Private Developer Gurner Sells Out Hemingway Residences In Four Weeks
06.05.14

Private Developer Gurner Sells Out Hemingway Residences In Four Weeks 

Victorian development company GURNER™’s Hemingway Residences in Alphington has sold out just four weeks after launching to market in early April, equating to $47.5 million in sales.

Designed by design team Chamberlain Javens Architects, the 9,160sqm site on the corner of Heidelberg Road and Perry Street in Melbourne will be transformed into 55 two- and three-bedroom homes across four chapters.

With construction set to commence in early May, GURNER™ founder, Tim Gurner, says he is thrilled with the level of purchaser interest the project generated.

“Sales momentum has been really strong since the project launched at the start of April. With an average sale price of $880,000, we saw strong interest for all homes ranging from $795,000 up to many over $1 million, proving strong demand for attainable, design-focused homes in one of Melbourne’s fastest growing and sought-after suburbs.

“When we first priced the project it was challenging, as the quality of Hemingway Residences is not often found in an inner-city project.  Now after selling out the project in only four weeks, our clients and buyers can feel confident that they secured great value for money in a prized location."

29.03.14
Featured in Herald Sun: Suburban luxury to write home about
29.03.14

Suburban Luxury to Write Home About 

A Novel development in Alphington is set to create a new chapter for luxury in the increasingly popular inner-Melbourne suburb.

The Hemingway Residences development is spread across 9160sq on the site of the former Jika International Hotel at the corner of Perry St and Heidelberg RD.

Just 10 townhouses remain for sale. There is a mix of two and three-bedroom designs ranging in size form 180sqm to 300sqm.

12.03.14
Featured in the Age: Alphington set for earnest test
12.03.14

Alphington Set For Earnest Test 

A $47.5 million townhouse project in Alphington will test the inner-north property market ahead of the redevelopment of the huge Amcor paper mill site.

The former Jika International Hotel on the corner of Heidelberg Road and Perry Street is set to be redeveloped into 55 two- and three-bedroom town hours by Melbourne-based property developer Tin Gurner.

The four-stage Hemingway project will turn a 9160 square metre site on the corner of Perry Street, which has sat idle for more than a year, into a series of multi-level Chamberlain Javens Architects designed luxury homes.

12.03.14
Featured in the Domain: Hemingway rewrites Alphington
12.03.14

Hemingway Rewrites Alphington 

A townhouse development puts this rapidly changing suburb within reach for home buyers.

Alphington is losing some unsightly commercial and industrial buildings, replacing them with medium-density developments that will inject some contemporary architecture into a suburb where housing is mostly early 20th century.

For buyers of these townhouse and apartment developments, it gives entry into a suburb where the median house price of $1,140,000 is beyond the reach of many.

The latest development is Hemingway Residences, a $47.5 million project that will transform the 9160-square-metre former Jika International Hotel site on the corner of Heidelberg Road and Perry Street.

Developed by GURNER and designed by Chamberlain Javens Architects, there will be 55 townhouses built in four stages, named Riviera, Havana, First Light and Acacia.

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Havana has four three-bedroom and five two-bedroom townhouses, which range in size from 140 to 180 square metres and sit on 120 square metres of land. The three-level townhouses have two or three bathrooms and a powder room, and parking for one or two cars. Prices begin at $720,000.

Acacia has seven two-bedroom townhouses, all with a study and en suite, and eight three-bedroom townhouses, with three bathrooms and parking for two cars. They range from 170 to 180 square metres and sit on 120 square metres. Prices begin at $845,000.

First light has 10 three-bedroom townhouses, with three bathrooms and parking for two cars. There is also a two-bedroom townhouse with two bathrooms. These are the largest townhouses in the development at 200 square metres, sitting on 100 square metres. Prices begin at $975,000. Riviera's 19 townhouses sold in pre-sale marketing and, overall, more than half of the townhouses have sold.

GURNER's chief executive Tim Gurner says the townhouses appeal to owner-occupiers wanting a high-quality contemporary home only five kilometres from the city.

"Hemingway Residences offers buyers an opportunity to enter the market well below the suburb's median," he says.

The townhouses offer three colour schemes with a variety of upgrades available.

The high-quality standard look includes oak floorboards, stone benchtops, tiled bathrooms and carpeted bedrooms.

All have a garage with internal access, and the four stages will be connected by internal streets and a community space landscaped by John Patrick.

A display suite is open by appointment (phone 0400 676 747) at 10-12 Perry Street, Alphington.

12.03.14
Featured in the Sydney Morning Herald - A Business Day: Alphington market set for an earnest test
12.03.14

A Business Day: Alphington Market Set for An Earnest Test 

A Novel development in Alphington is set to create a new chapter for luxury in the increasingly popular inner-Melbourne suburb.

A $47.5 million townhouse project in Alphington will test the inner-north property market ahead of the redevelopment of the huge Amcor paper mill site.

The former Jika International Hotel on the corner of Heidelberg Road and Perry Street is set to be redeveloped into 55 two- and three-bedroom townhouses by Melbourne-based property developer Tim Gurner.

The four-stage Hemingway project will turn a 9160 square metre site on the corner of Perry Street, which has sat idle for more than a year, into a series of multi-level Chamberlain Javens Architects-designed luxury homes.

Alphington and Fairfield are home to 2275 people, a number that will nearly triple following the sale of the Amcor site - just 200 metres from the Hemingway project - for $120 million to a local consortium led by developers Alpha Partners and Glenvill Group.

But Mr Gurner said: ''I don't see that as competition.''
The Amcor development's offices, supermarket, retail stores and potential school would add amenity for residents in the area, he said. The project will be Mr Gurner's first joint venture under his own development company Gurner property group following half a decade of successfully developing boutique apartments in Melbourne with Urban Inc founding partner Danny Ciarma.

''Early last year we had an agreement … we would do separate things,'' Mr Gurner said. ''We've got different ambitions. I want to do a lot more projects Australia-wide.''
The Gurner group will oversee the development at Alphington in conjunction with the property's owners who purchased the site in late 1999 for $2.7 million.

Mr Gurner's new business has acquired a large Brisbane site on which it plans to build a $600 million project with 850 apartments.

It also recently snapped up six development sites in South Melbourne, Collingwood and Brighton, he said.

Urban Inc, which was behind the Oxley apartments in Collingwood and SkyLofts in the CBD, has another five developments in the pipeline this year in Elwood, St Kilda, Richmond and Abbotsford.

Initial sales at Hemingway were promising, Mr Gurner said.

12.03.14
Hemingway Residences - Press Release
12.03.14

Ernest Hemingway was a perfect blend of conventional and avant-garde, making him the ideal muse for GURNER™'s luxury Hemingway Residences writing a modern tale in one of Melbourne's boutique pockets.

A new chapter for Alphington, the $47.5 million project has been designed by award winning design team Chamberlain Javens Architects. Hemingway Residences will transform the former 9,160 square metre Jika International Hotel site on the corner of Heidelberg Road and Perry Street into 55 two and three bedroom luxury homes set across a collection of four 'chapters', Riviera, Havana, First Light and Acacia.