Circular Quay

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An apartment in the soon-to-be completed Opera Residences at Sydney's Circular Quay has been listed for resale seeking $13.5 million.

The three bedroom, two bathroom apartment at 71 Macquarie Street is just one of three apartments on level 16, with the building topping out at level 19.

It spans 204 sqm, including its large entertaining balcony with 180 degree views of Sydney Harbour, the Opera House, Botanical Gardens and the city.

<a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney"><img alt="" height="746" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/opera_residences_2_0.jpg" width="1200"></a>

There's timber chevron flooring, floor to ceiling glass to maximise the views and a Corian kitchen with Gaggenau appliances and Liebherr fridge.

Opera Residences, developed by Macrolink and Landream, will comprise 104 apartments designed in collaboration between Tzannes Architects, Crone Partners and Make.

Craig Donohue at Ayre Real Estate has the listing.

Donohue recently secured a <a href="/news/nsw/off-the-plan-buyer-success-in-sydney-s-loftus-lane-development">strong resale at the nearby Loftus Lane</a>.

The sub-penthouse A603 in the Sydney CBD project sold for $5.4 million, having been snapped up at the sales launch back in mid-2017 for $4.975 million direct from the developer AMP Capital.

 
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The three bedroom, two bathroom apartment at 71 Macquarie Street is just one of three apartments on level 16



Joel Robinson

Opera Residences, Circular Quay apartment listed for $13.5 million

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The off the plan buyer of a sub-penthouse in Sydney’s Loftus Lane development has scored a big resale as the project nears completion.

The sub-penthouse A603 in the luxury project near Sydney Harbour sold for $5.4 million, having been snapped up at the sales launch back in mid-2017 for $4.975 million direct from the developer AMP Capital.

Ayre Real Estate director Craig Donohue sold the apartment to a Northern Beaches local who had been looking for a Sydney CBD base for around 12 months.

<a href="/buildings/quay-quarter-18-loftus-street-sydney"><img alt="" height="889" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/8_loftus_lane_circular_2.jpg" width="1200"></a>

Donohue said the buyer was shown a few apartments in established and other new developments in the CBD but Loftus Lane's location was a stand out.

"He also loved the fact that this property had a substantial and very usable outdoor space and was really impressed with the design of the building", Donohue said.

Due to settle in April, 8 Loftus Lane has been designed by Studio Bright and will comprise 106 apartments across three Art Deco-style buildings.

<a href="/buildings/quay-quarter-18-loftus-street-sydney"><img alt="" height="730" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/8_loftus_2.jpg" width="1200"></a>

Loftus Lane is part of Quay Quarter Sydney, the dynamic new neighbourhood and major redevelopment of two complete city blocks up near Circular Quay.

When the apartments hit the market in mid-2017, they all sold out within two hours of the launch.

Donohue says there is strong buyer demand for luxury apartments in the CBD.

“The Sydney CBD landscape is changing from a business district to a luxury world class lifestyle hub”, Donohue says.

“As the new developments come closer to completion, buyer can not only see what the final product looks like, but also plan to take occupancy this year which is generating lots of excitement”.
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Ayre Real Estate director Craig Donohue, who sold the apartment, says there is strong buyer demand for luxury apartments in the CBD.

Off the plan buyer success in Sydney’s Loftus Lane development

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A $13 million luxury development at Circular Quay has been planned, with Queensland-based company rawGROUP Hospitality aiming to break into the Sydney market.
rawGROUP Hospitality Director Adrian Rosato said the company had signed a lease for a 662 square metre site in the luxury residential and retail development, Opera Residences at Bennelong Point.
The project will replicate the business’s Madame Wu riverfront restaurant in Brisbane.
“With the fit out included, we are planning for the total investment in this project to be around $13 million,” he said. 
“Madame Wu Sydney will stretch across two levels, offering diners extraordinary views of one of the world’s most iconic settings, and will be located inside the luxury development that has been reported as having Australia’s most expensive apartments.” 
rawGROUP Hospitality also owns Chu the Phat Asian street food diner in South Brisbane, a chain of casual Beach Bar and Grill restaurants across south east Queensland, and an Italian eatery at Chermside in Brisbane’s northern suburbs.
The company opened Madame Wu Brisbane, on Eagle Street, in 2014.
Sydney-based designer Paul Papadopolous of DS17, who designed the Brisbane complex, will also be applying his flare to the Sydney site.
He described the project as ‘glamorous, contemporary and eclectic’. 
Madame Wu Sydney is expected to open before Christmas 2020.
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Queensland's Madame Wu restaurant chain coming to new development at Circular Quay

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Testing of light rail vehicles along George Street is now in full swing, with the first tram travelling the length of the street from Central Station to Circular Quay in daylight hours.
Premier Gladys Berejiklian and Minister for Transport Andrew Constance boarded the first tram to make the journey during the day and travelled from the Martin Place stop to the end of the line at Circular Quay.
“This is an exciting day for Sydney with light rail vehicles making their way down the revitalised George Street,” Ms Berejiklian said.
“This is just the start of daytime testing along the length of the line and we can expect to see a lot more of it ahead of customer services starting before the end of the year.
“The new network will move up to 13,500 commuters an hour during peak time, replacing the conga line of buses which used to sit in traffic on George Street.”
Andrew Constance again reminded the community to be aware of the changed environment in the area as tram testing becomes more frequent. 
“Now trams are in the busy CBD day and night everyone needs to be aware, remove your headphones, get off your phone and remember to look both ways before crossing the road”, Mr Constance said.
“We’re now on the home stretch of this project and in December, Sydney residents and its visitors will benefit from a better connected city and a transformed boulevard.”
New trams hold up to up to 450 passengers, equivalent of up to nine standard buses.
The new light rail network will have the initial capacity to move up to 13,500 commuters per hour during peak times (7am – 7pm).
 
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First daytime light rail test to Circular Quay

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The waterfront Circular Quay premises of Guylian Belgium Chocolate Café has been listed for sale.
The rare freehold property comes with price expectations of up to $35 million.
Property records show the asset is owned by Kazal Bros, run by businessman Karl Kazal, one of the brothers of the prominent Kazal property-developing family.
Mr Kazal owns several other lots in the Opera Quays complex. 
The sale includes <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-503162790" target="_blank">lots 10, 11 and 54 of Opera Quays</a>, which have been offered for the first time.
Lots 10 and 11 comprise 120 sqm of net lettable area and are supported by two outdoor licenced areas.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/7/Guylian1.jpg" alt="">
They can be purchased separately or in one line, with vacant possession with potential leaseback of the retail space to Guylian.
Lot 54, the Guylian retail space, also has office suites above the space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/7/Guylian3.jpg" alt="">
Cushman and Wakefield agents Anthony Bray and Ryan Cross are marketing the property.
Last month another waterfront space along the Circular Quay Wharf, which is currently tenanted by Buckleys Craft Beer Bar, was listed for sale.
In 2017, the Kazal family sold the Buckley's Bar site in the Bennelong Building at Circular Quay for $21.5 million, a deal also brokered by Mr Bray and Mr Cross.
The buyer of the Opera Quays property will be able to purchase the site with vacant possession or opt for a lease-back arrangement with a five-year term and five-year option with an initial net rent of $600,000 per annum.
<a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-503162790"> </a>
 
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Opera Quays home of Guylian Belgium Chocolate Café listed

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A fully leased Circular Quay restaurant space has been offered to the market.
Cushman &amp; Wakefield hold the listing for Lot 17 overlooking Sydney Harbour.
Situated at <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-503106778" target="_blank">17/1A Macquarie Street</a> in Opera Quays, the space is currently leased to Buckley's Craft Beer Bar where it forms a part of the bar/restaurant.
It is a long term lease, 2010 to 2024, with a net income of $294,801 pa.
<img src="https://www.urban.com.au/images/2019/3/12/Buckleys%202.JPG" alt="">
The gross rent is set to increase to $410,000 from 1 April 2020.
Set on 60 sqm the property is strata titled.
The property is for sale by expressions of interest closing March 26 2019.
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Leased Circular Quay restaurant space for sale

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Four mobile ticket booths have been listed on Circular Quay's Wharf 1 by Place Management New South Wales (PMNSW).
PMNSW owns and manages some of the State’s most significant assets, including Sydney’s heritage and cultural precincts at The Rocks and Darling Harbour. 
Their vision is “to create extraordinary places."
They are seeking tenants for <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-503018034" target="_blank">four mobile ticket booths along the wharf</a> fronting the retail and restaurant spaces below the Bennelong 'Toaster' apartment building.
They've provided the dimensions of the ticket booth (below), however the licensee will be responsible for the ownership, design, construction and maintenance of the booth.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/14/wharf2.jpg" alt="">
The designs will need to be submitted to the PMNSW for approval.
The ticket booths are only available to operators who have the appropriate permissions from NSW Roads and Maritime Service to operate from the adjacent Wharf 1.
The licensee terms can be between one and five years and the maximum trading hours and seven days a week during daylight hours only, however exclusions are included for specific events such as New Years Eve.
Stonebridge Property Group agent Tim Andrews is marketing the spaces. 
  
 
 
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Circular Quay ticket booths for lease

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Yuhu Group Australia has confirmed its settlement of the significant development projects at Circular Quay in Sydney and Surfers Paradise on Queensland’s Gold Coast.  
The landmark projects have been acquired from Wanda Australia Real Estate Investment by AWH Investment Group Pty Ltd, an Australian associate company of Yuhu Group Australia.
Yuhu confirmed One Circular Quay (above) and Jewel Residences (below) will each incorporate exclusive private residences, luxury five-star hotels as well as boutique retail and restaurants. 
Construction is well underway on the Jewel project which will feature three stunning, crystal-inspired towers of varying heights to take full advantage of a premier beachfront location. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/22/GC%20WANDA.jpg" alt="">
Meanwhile, demolition works are continuing at One Circular Quay in preparation for construction of a project that will further enhance Sydney’s world-renowned waterfront, in a prime position between the harbour bridge and Opera House. 
The projects combined are expected to represent about $2.8 billion of investment when completed and create more than 1,500 long-term jobs.
The chairman of Yuhu Group Australia, Xiangmo Huang said the Circular Quay project was an important part of a multibillion dollar rejuvenation plan for the Sydney CBD and waterfront.
“This is a transformational period for Sydney and we are very proud to be in a position to make a positive contribution to the urban renewal process through the highest quality of design and construction,” he said.
"These are investments for the future so our vision can be summed up as ‘built to last’ rather than ‘built to sell’,” he said. 
AWH director Jimmy Huang said the projects would set an extremely high benchmark. 
“These are outstanding development sites and there is a lot of anticipation about what we can deliver to realise their enormous potential,” he said. 
Yuhu Group CEO Nick Tobin said the acquisitions marked the beginning of an exciting new period for the company.  
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Yuhu says Australian projects will be ‘built to last’

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There's been a fire at One Circular Quay, the Dalian Wanda development near the Sydney Harbour.
The fire, described as "really bad" by onlookers, broke out earlier this morning.
"There were workers on the scaffold," one woman wrote on Facebook. She suggested she heard three explosions.
More than 60 fire fighters across 16 fire crews are attempting to subdue the fire.
The site, as well as some nearby office buildings, have been evacuated, as well as the Circular Quay train station. Regular service has been resumed at the station.
Nobody was badly injured. A number of people were treated for minor smoke inhalation.
The site of Gold Fields House, which dates back to 1966, was one of Sydney's first high rise buildings. 
Late last month it was announced that Dalian Wanda sold the project to Sydney developer Yuhu Group. 
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Dalian Wanda came under pressure by the Chinese government to crimp its overseas investments. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/13/wanda.jpg" alt="">
Late last year Wanda begun marketing the apartments in the development.
They described the Sydney building as Australia's most prestigious residential development (below).
The flagship $1 billion project was officially launched at the Museum of Contemporary Art in April.
The 57 storey tower will comprise 184 apartments and a 179 room hotel.
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"The Circular Quay site remains under the management of Wanda, as the transfer process continues," a Yuhu spokesman told Fairfax Media.
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<div class="related-quotes section">Part payment for the sale is due on March 15.</div>
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Police say the remains of the building, which was undergoing demolition, has sustained significant damage.
"Officers attached to Sydney City Local Area Command will investigate the circumstances surrounding the blaze. It is not known if there are any suspicious circumstances; inquiries are continuing," police reports say.
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Fire at luxury Wanda apartment development in Sydney's Circular Quay

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The Sydney developer Yuhu Group has been confirmed as the buyer of the two Australian property jewels being developed by the Chinese conglomerate Dalian Wanda.
The company have paid a reported $1.13 billion for the Sydney and Gold Coast residential and hotel mixed-used projects.
Yuhu struck its deal in Hong Kong on January 18.
"Yuhu has faith that these two projects will inject new employment and boost the local economy," Yuhu founder and chairman Huang Xiangmo told Fairfax Media, where two reporters claimed to have broken the news exclusively.
Yuhu was the reported buyer in The Australian two weeks ago.
Yuhu is a local developer which is committed to investing in real estate and other developments in Australia, the group confirmed overnight.
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<div class="cq-article-content-media section"><img class="lazy620x0" src="https://www.afr.com/content/dam/images/g/y/w/u/p/q/image.imgtype.afrArticleInline.620x0.png/1507503772918.jpg" alt="In one the apartments at One Circular Quay. " width="620" height="378" data-src="https://www.afr.com/content/dam/images/g/y/w/u/p/q/image.imgtype.afrArticleInline.620x0.png/1507503772918.jpg"></div>
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<div class="cq-article-content-media section">The purchase price for the two highly desirable real estate assets is made up of a cash component of $315 million alo with the presumed debt of $815 million.</div>
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Forty-five per cent of the Gold Coast project Jewel was owned by Chinese-backed group Ridong. It has also sold its interests in the sale to Yuhu.
An independent valuation of the two projects put them at a total value of $1.12 billion, Dalian Wanda said in a release to the Hong Kong Exchange on Monday night.
Dalian Wanda came under pressure by the Chinese government to crimp its overseas investments. 
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Forty per cent of the Jewel apartments have sold, with the joint venture struggling to achieve similar sales rates achieved by many developers during the housing boom in the past five years, according to the Australian Financial Review 
Yuhu is in no rush to complete the sales of apartments.
<div class="cq-article-content-media section">The company has extensive developments and investments in Sydney.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">They include the Eastwood shopping centre, which it has plans to redevelop.</div>
<div class="cq-article-content-media section">There is also the North Sydney residential tower, The Miller, which it is developing, and the Bakehouse Quarter in Sydney's inner west which it bought for $380 million last year. </div>
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Mr Huang says the residential market in Sydney continues to show strong fundamentals.
It also advised its plans to retain the penthouse atop the Circular Quay residential tower, which Dalian Wanda was said to have received an expression-of-interest offer of $100 million.
As a local company Yuhu did not require Foreign Investment Review Board approval.
Yuhu is controlled by Mr Huang - an Australian permanent resident - and his family members, who are Australian citizens.
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