• Australian developer Third.i expresses desire to invest further in the Newcastle region
• Comes as the developer is in the midst of delivering several local projects, including Dairy Farmers Towers
• Newcastle was described by Third.i co-founder Luke Berry as an “underrated gem”, as housing values rise 15% in the past 5 years

Australian developer Third.i is seeking to expand its Newcastle portfolio, after receiving development approval for its Dairy Farmers Towers project.

Third.i is currently delivering several projects across Newcastle’s West End, including a residential living hub, commercial hubs, and special residences for NDIS participants.

However, Co-founder and Director Luke Berry said the development group wishes to invest further in the Newcastle area, recognising its unique long-term growth potential.

Newcastle thriving post-Covid

Newcastle, located North of Sydney, has gained popularity with buyers causing the median house sale price to rise by 15% in the past 5 years, according to realestate.com.au.

Similarly, the median unit sale price has risen by 17% in the past 5 years, averaging an annual growth rate of 29.5%, according to CoreLogic.

Mr Berry described Newcastle as an “underrated gem”, home to a laid-back lifestyle with all of the perks of the city, minus the hustle and bustle.

“From bars and dining to restaurants and other lifestyle amenities including the large shopping centres to cater for everyone’s needs, the region is the perfect escape for those who still want a city life paired with peace and a more relaxed lifestyle,” said Mr Berry.

Mr Berry added that many buyers are re-evaluating their lifestyle in the post-Covid world, seeing the value in Newcastle.

“We’ve already established a growing legacy in the West End precinct, offering high-quality residential projects with state-of-the-art SDA apartments and commercial and retail spaces to accommodate this growing need.”

“We’re always looking to expand our presence in Newcastle and identify how we can invest in the area,” Mr Berry added.

New developments for shiny Newcastle

Third.i’s intention to continue its Newcastle expansion comes off the back of the group’s latest project to receive development approval, Dairy Farmers Towers.

The two tower project will deliver 184 one, two and three-bedroom apartments and 8 SDA apartments to the Newcastle area, in addition to a five-storey exclusive commercial and retail hub.

Dairy Farmers Towers is set to be completed in 2022 and will join an already impressive portfolio of Third.i projects in Newcastle’s West End including Stella on Hannel, Eaton on Union and The West End Apartments.

“The West End is quickly becoming Newcastle’s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character.”

Luke Berry, Third.i Co-founder and Director

“Our Dairy Farmers Towers project is our latest to join our workbook in the area and we can’t wait to see what our future holds for future projects in Newcastle,” said Mr Berry.

Third.i also has plans for a retirement living centre in place, entitled ‘The Merewether’. The $120 million development will be created in partnership with its child company, ThirdAge, and will comprise of 148 luxury one, two and three-bedroom apartments.

The Merewether will be topped by 16 premium penthouses, each with a rooftop spa terrace that overlooks the golf course.

Read More

Australian property group Third.i will expand its Newcastle commercial development portfolio after gaining DA approval for their project in constructing the Dairy Farmers Towers.

The move aims to transform the suburb’s West End precinct into commercial hubs, residential living and disability accommodation for NDIS participants.

Development for the Dairy Farmers Towers in the West End precinct in Newcastle has been approved.

Recent data from realestate.com.au shows median house sale prices in Newcastle have grown over 15 per cent in the past year – driven by buyers looking to secure their place in Newcastle booming property market.

The Dairy Farmers Towers comprises 184 apartments over the two towers with construction slated to commence later this year.

Construction on the Dairy Farmers Towers is set to commence later this year.

Spanning 1,600 sqm of commercial and retail space, the project will join Third.i’s other completed projects in the West End including Stella on Hannel, Eaton on Union and The West End Apartments.

According to the developer’s co-founder and director Luke Berry, the project will reimagine the heritage-listed architecture.

The project joins other projects either recently completed or underway – including Stella on Hannel, Eaton on Union and The West End Apartments.

“The Newcastle area is an underrated gem and is home to a laid back, natural lifestyle. It has everything you could ever want in a city without the hustle and bustle you’ll find in Sydney,” Mr Berry said.

“From bars and dining to restaurants and other lifestyle amenities including the large shopping centres to cater for everyone’s needs, the region is the perfect escape for those who still want a city life paired with peace and a more relaxed lifestyle.”

The development aims to provide an assortment of one-bedroom, two-bedroom, and three-bedroom apartments.

Newcastle experienced a rapid change in the post-pandemic period, with residential projects, commercial, and retail spaces arriving to market to accommodate the growing population.

Mr Berry said The West End was quickly becoming Newcastle’s lifestyle hub.

A view of the rooftop pool.

“Our Dairy Farmers Towers project is our latest to join our workbook in the area and we can’t wait to see what our future holds for future projects in Newcastle”

The development of the Dairy Farmers Towers coincides with a new retirement living project that comprises 148 luxury one, two, and three bedroom apartments.

Nicknamed “The Merewether”, the $120m construction is due to start later this year and will include 16 penthouses – each of which will feature a rooftop spa terrace and views overlooking the Merewether Golf Course.

Read More

Leading Australian-based property heavyweight Third.i is continuing its international domination with a further expansion into the UK with the $200 million (£185 million) Graphite Square, crowned the fastest selling project in the United Kingdom with construction officially kicking off in October last year and piling already complete.                        

The multi award-winning developer, with operations across Australia, Singapore and the UK, acquired its second major development site in the heart of London, Graphite Square, located on Vauxhall Walk which comes with full development approval.                      

The project has already notched up over $64 million in sales (£43 million) in just a mere few months since launching to the UK market in November 2021 and has been swarmed by a flurry of interest from local and international buyers across London, the greater UK and Asia.                        

The exclusive, mixed-use residential project and commercial precinct is set to deliver 160 homes and over 7,400sqm of co-working space, spanning across four floors with two public spaces that link separated streets.                       

Planning permission has been granted for 110 one to three-bedroom private new homes and 50 one to three-bedroom affordable homes between three residential buildings, ranging from nine to thirteen storeys high. Topping the project is a luxury is a collection of amazing two and three-bedroom penthouses, across the top two floors of buildings B & C.         

Construction began in October 2021 and is expected to be completed by Q4 2024, paving the way for Graphite Square to come to fruition amongst London’s greatest projects. The project marks the second development in the UK for Third.i since its 2018 debut project on York Road in Battersea, which is due for completion next month as it seeks to invest around London in residential, commercial and retirement projects.                       

“It is simply an amazing achievement to have a project of this calibre launch internationally and gain as much traction as it already has with a great sales result,” said Third.i’s Co-Founder and Director of Sales Marketing, Luke Berry. 

“To officially kick start construction back in October last year on this amazing project is truly incredible and a testament to our hardworking team. We had been looking for exciting opportunities in London for quite some time and Graphite Square is the perfect embodiment of our belief in creating better places to live, work and play. I can’t wait to see the project come to life.      

“Third.i instantly fell in love with the architecture and place making of the project, seeing it having an ageless appeal that will become a legacy project and one we can all be proud of. We’ve had incredible interest from both domestic and international buyers, particularly from Singapore, China and Asia since launching into international markets earlier this year before our marketing campaign had even begun.” 

Third.i has partnered with award winning and internationally recognised Ben Adams Architects to deliver Graphite Square seamlessly into the local area with an industrially inspired design concept that celebrates and reflects Vauxhall’s heritage past. The company has also teamed up with workspace creator Halkin, which has signed a long-term lease to manage and deliver co-working spaces, boasting state-of-the-art technology and facilities for over 1,000 people.                        

Graphite Square will boast an abundance of communal areas and deliver a cohesive new community to an area gaining popularity by locals. The project will boast lush gardens and new public realms.                    

Vauxhall is set to become one of the hottest destinations for international buyers, who are looking to secure places to live, work and play in Central London. The bustling suburb is within distance to several key academic institutions as well as moments from the River Thames and Vauxhall Tube station, connecting buyers to the heart of the city in eight minutes. The area is the heart of Central London meaning Graphite Square has everything on your doorstep from Tube, River taxi, buses and the Thames Walk.                 

Vauxhall is also fastly becoming one of the most desirable destinations in London for young professionals and students with modern, affordable housing paired with excellent transportation connections close by.                    

The remaining apartments will be priced from £665,000 to £2,000,000.                  

The property development and investment firm has an incredible history in successfully delivering large-scale residential projects across Australia, with new expansions across the UK and Asia joining the growing list of legacy projects in Third.i’s portfolio. With a current development pipeline exceeding $3 billion, Third.i is quickly becoming one of Australia’s top leading property development firms. 

READ MORE

Leading Australian property developer, Third.i has launched the last remaining homes in its luxury $113 million Paragon of Pyrmont project.

The popular New South Wales property developer Third.i has launched the last remaining homes in its luxurry Paragon of Pyrmont project.

The $113 million project, which officially wrapped up construction of its 31 residences in 2021, has just two homes remaining.

The final townhouses have three and four-bedrooms and are priced between $3.95 million and $4.5 million.

The project is a rare offering for the suburb, largely dominated by apartment living.

According to the most recent Australian Bureau of Statistics data from 2016, over 92 per cent of available dwellings in Pyrmont consisted of apartments and units with just 6.5 per cent townhouse dwellings available.

The buyers so far in Paragon of Pyrmont have mostly been downsizers and owner-occupiers.

Third.i Co-Founder and Director of Sales and Marketing Luke Berry says the remaining townhouses won’t last long in a hungry market.

“Paragon of Pyrmont is the epitome of spacious and luxury living in the epicentre of the city of Sydney,” Berry said.

“We are thrilled to see our final two residences hit the market and couldn’t be prouder of the calibre we have created with the project in tailoring it to suit all buyer lifestyles.

“Buyers will feel the quality and consideration given to the project the minute they walk through the front door. We have combined city living and spacious living to create the ultimate residence in a suburb renowned for apartment and unit offerings.

“Buyers are drawn to the uniqueness of townhomes available in Pyrmont and the fact these final residences are complete and ready to move into makes the listings even more desirable.”

Each townhouse is kitted out with high-end Gaggenau appliances, a smart home system that can be access remotely, and an entertainment unit with a hydraulic television lift. There’s also private lift access direct from the garage, which is met by a wine room with storage for around 250 bottles.

Crowning each townhouse is a private rooftop terrace, complete with an outdoor kitchen and watering system for green, lush gardens, as well as a sundeck which benefits from city top views.

“Paragon of Pyrmont just has it all in terms of spacious living, high-end amenities, access to local shops and transport, all while situated in the heart of Sydney with some of the most famous harbour views the city has to offer,” Berry added.

“This is a project Third.i will forever be proud of and joins our growing list of legacy projects for generations to come.”

Read More

DIVERSIFIED property company Third.i has been given the go ahead for its Dairy Farmers Towers mixed-use project in Newcastle’s West End.

With approval from the City of Newcastle now in hand, Third.i will offer the market 184 one-, two- and three-bedroom towers across two towers above five floors comprising a resident exclusive co-working hub and 1,600sqm of commercial and retail space.

This latest green light comes off the back of Third.i and Toohey Miller’s $650 million Warada on Walker development was approved in May by the North Sydney Council.

Built at the site once occupied by one of the country’s largest producers of dairy, Dairy Farmers, Third.i is using the heritage-listed milk bottle and clock towers for a pedestrianised public art installation.

“The West End is quickly becoming Newcastle’s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character. Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy,” said Luke Berry, co-founder and director of Third.i.

The towers will, in addition to the co-working space, feature exclusive resident amenities such as cabana pool areas, a wine bar and cellar, gym, pilates studio and multiple function rooms.

The project will include eight Special Disability Accommodation apartments, with Third.i set to partner with multiple Specialist Independent Living Advisors in delivering the residences.

Dairy Farmers Towers will also offer potential home buyers an exclusive deposit scheme, in collaboration with CoPosit.

“We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,” added Berry.

Marking a first of its kind in Newcastle, the scheme will see a fee-free app-based service established, enabling buyers to purchase a property with just $10,000 in savings with the remainder of the deposit paid over weekly instalments.

“Using the scheme can also save buyers money in the long run as well as securing a new build property now rather than buy one after completion at higher prices, which has seen a lot of buyers traditionally priced out of the market,” said Berry.

Construction on Dairy Farmers Towers is set to commence in the third quarter of 2022, with completion currently anticipated for Q4 2024.

“Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep. We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play. With construction commencing later this year, we can’t wait to do exactly that,” concluded Berry.

Read More

Thirdi will break ground on its 184-apartment Dairy Farmers Towers project later this year after it was given the green light this week.

The two-tower development in Newcastle’s West End will comprise one, two and three-bedroom apartments above a five-storey residents’ only work hub, which includes 1600sq m of commercial and retail space. 

The towers will also include eight specialist disability accommodation apartments, and Thirdi is collaborating with CoPosit to allow purchasers to buy a property with just $10,000 in savings and the remainder of the deposit is paid in weekly instalments. 

Thirdi co-founder and director Luke Berry said the project would unlock affordable housing entry points in the booming Newcastle region. https://bbdb33d63a2837f767b4eb9ef1d0094b.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

“We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,” Berry said.

“The West End is quickly becoming Newcastle’s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character. 

“Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy. 

“Using the CoPosit scheme can also save buyers money in the long run as well as securing a new build property now rather than buy one after completion at higher prices, which has seen a lot of buyers traditionally priced out of the market.”

▲ Thirdi wins approval for Newcastle Dairy Farmers Towers project, which will enable purchasers to buy off the plan with just $10,000 in savings. 

Dairy Farmers Towers includes co-working spaces, cabana pool areas with a lap pool, a wine bar and cellar, a state-of-the-art gymnasium and a pilates studio, as well as multiple function rooms.

The green-lit Newcastle West site was once home to Dairy Farmers—one of Australia’s largest dairy producers. In a nod to the history of the site, Thirdi has reimagined the heritage-listed, iconic milk bottle and clock towers as part of the project through a pedestrianised, broader public art installation.

“Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep,” Berry said.

“We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play.”

Thirdi recently won approval for its JV office project Warada on Walker in North Sydney.

Read More

Newcastle City Council has approved a $110 million, 100-metre skyscraper in Newcastle West. 

Developer Thirdi Group plans to begin construction of Dairy Farmers Towers at 924 Hunter Street in the coming months, and complete the project by late 2024. 

The mixed-use development will include 184 one, two and three-bedroom apartments as well as commercial and retail space.

The development will retain the heritage-listed milk bottle and clock towers that are synonymous with the former Dairy Farmers building.

“We are thrilled to receive our development approval,” Thirdi director Luke Berry said. 

“We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play.”

The two towers will stand at 99 metres and 90 metres tall respectively, while the commercial and retail side of the development will be contained to an adjoining five-storey building. 

Thirdi bought the site from developer Jeff McCloy in 2020.

Read More

The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents’ only shared work hub with over 1600 sqm of commercial and retail space.

Poised to bring the next generation into the property market, heavyweight property developer Third.i has received the green light from the City of Newcastle council to bring its latest offering to reality, the Dairy Farmers Towers project in the heart of Newcastle’s West End.

The project burst onto the market just a few months ago, drawing buyer attention before the project had even launched.

The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents’ only shared work hub with over 1600 sqm of commercial and retail space.

Third.i is also one of the largest providers of Specialist Disability Accommodation apartments along the East Coast of Australia, partnering with numerous Specials Independent Living Advisors to provide suitable accommodation in their large scale developments, including Dairy Farmers Towers, which will deliver eight SDA apartments.

With development approval under its wing, Third.i will commence construction in the third quarter of this year with expected completion for the back end of 2024.

The project will offer an exclusive deposit scheme, a first for Newcastle, in collaboration with CoPosit, which will see a fee-free app-based service allowing buyers to purchase a property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments.

Third.i Co-Founder and Director, Luke Berry, says the DA approval paves the way for Third.i to fulfil a dream to help people enter and re-enter the property market with overwhelming local support from hungry buyers.

“We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,” said Berry.

“The West End is quickly becoming Newcastle’s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character. Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy. When you’ve also got the CoPosit initiative to help Australians purchase their first homes, I couldn’t be prouder of the calibre that will soon be brought to life with this DA approval,” he added.

Berry also noted how using the scheme could save buyers money in the long run as well as securing a new build property now, rather than buying one after competition at a higher price, which sees a lot of buyers traditionally priced out of the market.

Dairy Farmers Towers is set to include a deluxe range of exclusive amenities featuring co-working spaces, cabana pool areas with a lap pool, a wine bar and cellar, a state-of-the-art gym and a Pilates studio, as well as multiple function rooms.

A young buyer who purchased through the CoPosit scheme said that if not for the scheme offered at the project, it would’ve taken them an additional two years to save for a normal deposit.

“What drew me to Dairy Farmers Towers was the bespoke amenities on offer and the opportunity to purchase through CoPosit. I have never seen such a great initiative within Newcastle that assists first home buyers get into the market at such a high-quality level of development,” said the Dairy Farmers Towers buyer.

“The process was really simple and straightforward. I have been really impressed so far with the service and how many people there are to assist with any of my questions. I think more people should consider purchasing with CoPosit because of how easy and rewarding it has been being able to actually put my name on my dream apartment without having to wait another two-years to save my deposit.”

The green-lit Newcastle West site was once home to Dairy Farmers – one of Australia’s largest dairy producers.

In a nod to the history of the site, Third.i has reimagined the heritage-listed, iconic milk bottle and clock towers as part of the project through a pedestrianised, broader public art installation.

“Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep. We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play. With construction commencing later this year, we can’t wait to do exactly that,” concluded Berry.

Read More

• Third.i have announced their second London-based project, Graphite Square, is fastest-selling project worth $200 million in the UK
• Industrial inspired mixed-use development in Vauxhall has already racked up $64 million in sales 
• Project commenced construction in October 2021, set to deliver 160 residences and abundant communal spaces

Australian developer Third.i has announced its London-based development, Graphite Square, is the fastest-selling project worth $200 million in the United Kingdom.

Construction on the mixed-use residential and commercial development began in October of last year, with piling already complete.

Graphite Square, located on Vauxhall Walk, has already observed over $64 million (AUD) in sales since being introduced to the UK market in November 2021. Generating interest in the project are both local and international buyers from London, the greater UK and Asia.

Third.i announced their acquisition of the Graphite Square site earlier this year, which marked the group’s second major development site in London.

Industrial-inspired project pays homage to Vauxhall’s roots

Blending both residential and commercial space, Graphite Square is set to deliver 160 homes and over 7,400 sqm of flexible workspace to the heart of London. The development will span four floors with two public spaces that connect the development to two streets.

The residential element will consist of 110 one to three-bedroom private new homes and 50 one to three-bedroom affordable homes spread across three buildings, ranging from nine to thirteen stories high.

On the top two floors of buildings B & C will be a luxurious collection of two and three-bedroom penthouses.

Construction on Graphite Square is scheduled to be completed in the final quarter of 2024.

Third.i’s Co-Founder and Director of Sales Marketing Luke Berry said it is an amazing achievement for the group to launch a project of this calibre internationally and gain as much traction as it has.

“To officially kick start construction back in October last year on this amazing project is truly incredible and a testament to our hardworking team.

“We had been looking for exciting opportunities in London for quite some time and Graphite Square is the perfect embodiment of our belief in creating better places to live, work and play. I can’t wait to see the project come to life.”

Luke Berry, Third.i co-founder

On board to deliver Graphite Square are Ben Adams Architects, behind the industrially inspired design of the project, and workspace creator Halkin, who will deliver and manage the state-of-the-art co-working spaces.

Once completed, Graphite Square will offer abundant communal spaces and lush gardens to the Vauxhall area.

Vauxhall is rapidly becoming one of London’s most sought-after destinations for young professionals and students. The area boasts affordable and modern housing in proximity to some of the UK’s most respected academic institutions, and provides excellent transport connectivity to the rest of London.

The remaining apartments will be priced from £665,000 to £2,000,000.

Read More

Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.

North Sydney’s latest luxury apartment project by developer Third.i and Phoenix Property Investors (PPI), has knocked over sales of 58 of its 59 apartments at its weekend launch, securing close to $100 million in sales in just three days amid scarce supply and increasing demand for larger living.

Only one apartment remains up for grabs as eager buyers pounced on the $102 million Balfour Place, following a flood of enquiries from the local market and over 300 appointments booked in during the VIP launch weekend.

After receiving over 1500 plus enquiries last month, the remaining apartments are projected to be snapped up quickly.

The project, which is set to be built on the existing Coles supermarket site, will be grounded by an urban oasis encompassing over 7091 sqm of retail and hospitality space, in a bid to help ease the increasing demand for larger apartment living, adding to Third.i’s growing portfolio of quality developments tailored towards meeting the needs of the market.

Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.

“We are just absolutely ecstatic with the sales result our team procured over the weekend. It’s a true testament to the quality of the project, the calibre of our consultants and we couldn’t be happier,” said Berry.

“Each floor plan is tailored to cater to that need of larger living spaces we’re seeing in the industry now and is clearly in scarce supply. When we began working on the design brief with PPI and Coles Group, we immediately identified there was an opportunity to improve the residential elements of the development application to re-imagine the apartment layouts to create a mix of much larger apartments not typically seen in developments of this size.”

“We truly wanted to tap into that need for larger living spaces for downsizers and young families and we couldn’t be happier to have finally shared what we’ve created with a new breadth of buyers this weekend. With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project,” he added.

Marking the fourth joint venture project between Third.i and PPI, the latest luxury offering will comprise a collection of one, two, three and four-bedroom residential apartments with private courtyards and a luxe rooftop garden to be built on top of a brand-new large format Coles supermarket; which will be double the size of its existing predecessor, a Liqourland and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.

Construction of the DA approved site is well underway with the second stage of construction due to start in July/August this year, off the back of Third.i’s proposal to reduce the number of apartments from 70 to 59, in an effort to deliver less impact on neighbours and the wider community.

https://www.urban.com.au/news/nsw/thirdis-balfour-place-in-lindfield-nets-record-sales-weekend