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As Australia's rental vacancy rate nears a historic low, CapStone Holdings and Blaq Projects scale up residential real estate development.
SYDNEY, May 13, 2025 /PRNewswire/ -- Australian development firm Blaq Projects has deepened its partnership with U.S.-based CapStone Holdings Inc., with more than AUD 1.7 billion now committed to new residential and mixed-use developments across New South Wales and Western Australia. Since 2020, the two firms—CapStone and Blaq—have collectively launched and managed projects that respond directly to the nation's growing housing needs.
A March 2025 report by SQM Research placed the national rental vacancy rate at just 1.1%, while the Australian Financial Review estimates the country is on pace to fall 460,000 homes short of government housing targets by 2030. This growing demand is fuelling CapStone and Blaq's joint efforts in areas like Wollongong, Sydney, and Subiaco.
"Our collaboration with CapStone Holdings enables us to think big, move fast, and build smarter," said Jared Beneru, Managing Director of Blaq Projects. "We're focused on setting new benchmarks for sustainable housing in Australia's most dynamic communities."
"Australia's real estate market is dynamic and underserved in key segments," said Chelsey Turbyfill, VP of Finance at CapStone Holdings. "We're proud to support innovative Australian developers like Blaq as they deliver solutions to real housing challenges. Their execution has made this partnership one we're eager to expand."
Currently under construction is Orchard Terrace—a two stage 227-unit modern luxury apartment complex located in the vibrant inner-city township of Subiaco, Perth. Since 2020, the partnership has established six new mixed-use residential developments across Australia. One of its most recent completed developments is Indigo in Wollongong. Under Beneru's leadership, Blaq Projects has completed more than 70 developments across the country.
"Six developments in five years is just the beginning. We're building momentum and intend to keep pushing the standard forward—for the communities we serve and the future we want to help shape," Beneru added.
CapStone's broader commitment to Australia includes its sports investment division, GameAbove Sports—a global backer of select sports teams and academies dedicated to advancing athletic excellence and youth development. In partnership with the Bruton Basketball Foundation (BBF), led by NBL Hall of Famer Cal Bruton, GameAbove Sports supports inclusive youth programs that connect children—especially from underserved communities—with positive role models. Together, they aim to empower the next generation through sport, mentorship, and opportunity.
"Australia isn't just a promising market—it's a place where we're investing in people, community, and meaningful long-term impact," Turbyfill added.
About Blaq Projects
Blaq Projects is an innovative property development, construction, and investment company. Throughout the years of experience, Blaq has obtained industry excellence, a culture built on quality and a mindset of providing cost effective building and design solutions. blaqprojects.com.au
About CapStone Holdings, Inc.
CapStone Holdings, Inc. is a family office-structured holding company that keeps a balanced portfolio through investment strategies that maximize innovation and return with minimal risk. CapStone Holdings and its founders have invested across a wide range of industries for over 33 years and engage in focused philanthropic efforts. For more information about CapStone Holdings, visit www.capstoneholdingsinc.com.
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As Australia's rental vacancy rate nears a historic low, CapStone Holdings and Blaq Projects scale up residential real estate development.
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Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
SYDNEY, May 13, 2025 /PRNewswire/ -- Australian development firm Blaq Projects has deepened its partnership with U.S.-based CapStone Holdings Inc., with more than AUD 1.7 billion now committed to new residential and mixed-use developments across New South Wales and Western Australia. Since 2020, the two firms—CapStone and Blaq—have collectively launched and managed projects that respond directly to the nation's growing housing needs.
A March 2025 report by SQM Research placed the national rental vacancy rate at just 1.1%, while the Australian Financial Review estimates the country is on pace to fall 460,000 homes short of government housing targets by 2030. This growing demand is fuelling CapStone and Blaq's joint efforts in areas like Wollongong, Sydney, and Subiaco.
"Our collaboration with CapStone Holdings enables us to think big, move fast, and build smarter," said Jared Beneru, Managing Director of Blaq Projects. "We're focused on setting new benchmarks for sustainable housing in Australia's most dynamic communities."
"Australia's real estate market is dynamic and underserved in key segments," said Chelsey Turbyfill, VP of Finance at CapStone Holdings. "We're proud to support innovative Australian developers like Blaq as they deliver solutions to real housing challenges. Their execution has made this partnership one we're eager to expand."
Currently under construction is Orchard Terrace—a two stage 227-unit modern luxury apartment complex located in the vibrant inner-city township of Subiaco, Perth. Since 2020, the partnership has established six new mixed-use residential developments across Australia. One of its most recent completed developments is Indigo in Wollongong. Under Beneru's leadership, Blaq Projects has completed more than 70 developments across the country.
"Six developments in five years is just the beginning. We're building momentum and intend to keep pushing the standard forward—for the communities we serve and the future we want to help shape," Beneru added.
CapStone's broader commitment to Australia includes its sports investment division, GameAbove Sports—a global backer of select sports teams and academies dedicated to advancing athletic excellence and youth development. In partnership with the Bruton Basketball Foundation (BBF), led by NBL Hall of Famer Cal Bruton, GameAbove Sports supports inclusive youth programs that connect children—especially from underserved communities—with positive role models. Together, they aim to empower the next generation through sport, mentorship, and opportunity.
"Australia isn't just a promising market—it's a place where we're investing in people, community, and meaningful long-term impact," Turbyfill added.
About Blaq Projects
Blaq Projects is an innovative property development, construction, and investment company. Throughout the years of experience, Blaq has obtained industry excellence, a culture built on quality and a mindset of providing cost effective building and design solutions. blaqprojects.com.au
About CapStone Holdings, Inc.
CapStone Holdings, Inc. is a family office-structured holding company that keeps a balanced portfolio through investment strategies that maximize innovation and return with minimal risk. CapStone Holdings and its founders have invested across a wide range of industries for over 33 years and engage in focused philanthropic efforts. For more information about CapStone Holdings, visit www.capstoneholdingsinc.com.
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
Blaq Projects and Investment Partner CapStone Holdings Fuel Housing Growth Across NSW and WA
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Welcoming the Year of the Horse in Bali's leading luxury family resort.
BALI, Indonesia, Jan. 12, 2026 /PRNewswire/ -- The Ritz-Carlton, Bali invites guests to embrace the auspicious spirit of the Lunar New Year with a curated collection of festive dining experiences designed to unite families in an atmosphere of warmth, celebration, and refined indulgence. This year's highlights include a sumptuous Lunar New Year's Eve Dinner and an elegant Lunar New Year Afternoon Tea, each thoughtfully crafted to honor cherished traditions while elevating the holiday with contemporary flair.
The Lunar New Year's Eve Dinner at Senses presents a vibrant culinary celebration overlooking the resort's beautifully manicured garden. Guests are welcomed to savor an abundant buffet featuring freshly steamed dim sum, golden spring rolls, decadent roast duck, fragrant wok-fried specialties, and symbolic dishes representing prosperity, longevity, and good fortune. Complemented by live carving stations and traditional festive desserts, this memorable evening invites families to gather in the spirit of unity and abundance. Available on 16 February 2026 from 6 p.m. to 10:30 p.m., priced at IDR 1,000,000++ per person.
For those seeking a more leisurely celebration, the Lunar New Year Afternoon Tea offers a refined experience inspired by timeless Asian traditions. Guests can indulge in handcrafted sweet and savory delights, including mandarin orange cake, crispy vegetable money bags symbolizing good fortune, dried fruits, plums, and other festive treats. Paired with premium loose-leaf teas and enjoyed against panoramic ocean views, this elevated experience sets the tone for meaningful moments shared with loved ones. Available from 15–20 February 2026, priced at IDR 1,100,000++ for two people.
"We are delighted to welcome guests to The Ritz-Carlton, Bali for this meaningful celebration of the Lunar New Year," said Go Kondo, General Manager of The Ritz-Carlton, Bali. "Our culinary teams have thoughtfully crafted experiences that honor cherished traditions while showcasing the richness of Asian flavors."
For more information, please visit the website at ritzcarltonbali.com or email rc.dpssw.restaurant.reservation@ritzcarlton.com.
About The Ritz-Carlton, Bali
Built on a sprawling 12.7 hectares white beach front and elevated cliff top settings, The Ritz-Carlton, Bali feature 313 oceanfront suites and villas, enjoying the unobstructed view of the Indian Ocean and the resort's lush garden. Completing the experiences, a glass elevator connects the cliff and the beach-front, five restaurants and bars, The Ritz-Carlton Ballroom and meeting facilities, a wedding chapel, as well as The Ritz-Carlton Spa. Ladies and gentlemen at The Ritz-Carlton, Bali is proudly presents the timeless charms of Indo-Balinese hospitality.
About The Ritz-Carlton Hotel Company, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates more than 120 hotels in over 35 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program.
Welcoming the Year of the Horse in Bali's leading luxury family resort.
BALI, Indonesia, Jan. 12, 2026 /PRNewswire/ -- The Ritz-Carlton, Bali invites guests to embrace the auspicious spirit of the Lunar New Year with a curated collection of festive dining experiences designed to unite families in an atmosphere of warmth, celebration, and refined indulgence. This year's highlights include a sumptuous Lunar New Year's Eve Dinner and an elegant Lunar New Year Afternoon Tea, each thoughtfully crafted to honor cherished traditions while elevating the holiday with contemporary flair.
The Lunar New Year's Eve Dinner at Senses presents a vibrant culinary celebration overlooking the resort's beautifully manicured garden. Guests are welcomed to savor an abundant buffet featuring freshly steamed dim sum, golden spring rolls, decadent roast duck, fragrant wok-fried specialties, and symbolic dishes representing prosperity, longevity, and good fortune. Complemented by live carving stations and traditional festive desserts, this memorable evening invites families to gather in the spirit of unity and abundance. Available on 16 February 2026 from 6 p.m. to 10:30 p.m., priced at IDR 1,000,000++ per person.
For those seeking a more leisurely celebration, the Lunar New Year Afternoon Tea offers a refined experience inspired by timeless Asian traditions. Guests can indulge in handcrafted sweet and savory delights, including mandarin orange cake, crispy vegetable money bags symbolizing good fortune, dried fruits, plums, and other festive treats. Paired with premium loose-leaf teas and enjoyed against panoramic ocean views, this elevated experience sets the tone for meaningful moments shared with loved ones. Available from 15–20 February 2026, priced at IDR 1,100,000++ for two people.
"We are delighted to welcome guests to The Ritz-Carlton, Bali for this meaningful celebration of the Lunar New Year," said Go Kondo, General Manager of The Ritz-Carlton, Bali. "Our culinary teams have thoughtfully crafted experiences that honor cherished traditions while showcasing the richness of Asian flavors."
For more information, please visit the website at ritzcarltonbali.com or email rc.dpssw.restaurant.reservation@ritzcarlton.com.
About The Ritz-Carlton, Bali
Built on a sprawling 12.7 hectares white beach front and elevated cliff top settings, The Ritz-Carlton, Bali feature 313 oceanfront suites and villas, enjoying the unobstructed view of the Indian Ocean and the resort's lush garden. Completing the experiences, a glass elevator connects the cliff and the beach-front, five restaurants and bars, The Ritz-Carlton Ballroom and meeting facilities, a wedding chapel, as well as The Ritz-Carlton Spa. Ladies and gentlemen at The Ritz-Carlton, Bali is proudly presents the timeless charms of Indo-Balinese hospitality.
About The Ritz-Carlton Hotel Company, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates more than 120 hotels in over 35 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Celebrate Prosperity and Togetherness at The Ritz-Carlton, Bali
