One Alfred Street (Gold Fields House) is a landmark building within the core of Sydney CBD and tourism precinct. The project is owned in joint venture by Valad’s development business (21%), AGP (40%) and its Australian V-Plus Fund (39%).   

Valad received Stage 1 Development Consent for the One Alfred Street redevelopment project at Sydney’s Circular Quay and led to an international architectural competition to create a world-class residential development. On 15 November 2010 the Sydney City Council approved an amendment to the existing planning instrument permitting a residential envelope of two towers at One Alfred Street.  This increases the existing envelope from 25,000 sqm to over 41,000 sqm.  On 2 December 2010 a Stage 2 Development Application was submitted, conforming with the amended LEP.  

Arguably Australia's pre-eminent resort property, Sheraton Noosa Resort is the only international five star accommodation facility in Noosa.  Opened in 1989, the Resort features 176 guest rooms, suites and villas, five food & beverage outlets, eight dedicated conference and meeting rooms, a business centre, day spa and outdoor heated lagoon swimming pool.  Furthermore, the Property also boasts seven prime retail outlets fronting Hastings Street and a private mooring facility on the Noosa River.

Noosa is a restricted market and the Sheraton Noosa Resort provides Valad with a great footprint in the hotel sector in this highly restricted market, an area in which we see value on a replacement cost and per square metre basis. Valad will look to add value to the site in conjunction with assessing the numerous opportunities that the prime location offers.