In a landmark moment for Australian luxury real estate, Lendlease and Armani/Casa have unveiled the Cove Residence—Australia’s first private residence by a global design house and the first private home in the country to be developed in collaboration with Armani/Casa.

Occupying an entire floor on level 53 of One Circular Quay, the 537-square-metre sub-penthouse places Sydney alongside New York, Miami, London and Dubai in a category long defined by the world’s most storied design houses.

Branded residences are among the fastest-growing segments in global luxury real estate, with the number of branded developments worldwide forecast to rise by 59 percent in the five years to 2029, according to Knight Frank’s Global Branded Residence Survey 2025. Cove marks Armani/Casa’s first collaboration in Australia, joining a global portfolio of residences in cities including New York, Miami, Dubai, Istanbul, Mexico City, Rio de Janeiro and Beijing.

The commission also builds on a long-standing working relationship between the two houses. In 2009, Lendlease delivered the Armani Hotel Milano in the Palazzo on Via Manzoni on behalf of Emaar Hotels & Resorts. Cove brings that collaboration to Sydney in residential form.

According to John Taylor, Head of Product & Design at Lendlease, Cove represents a defining chapter in the One Circular Quay story. “Lendlease and Armani/Casa share a conviction that true luxury is quiet, considered and made to last. To introduce for the first time in Australia a property fully furnished in collaboration with Armani/Casa, in a single whole-floor residence at One Circular Quay, is a moment of real significance for Sydney and for the branded residences category in this country,” he said.

Cove sits within an architectural envelope designed by Kerry Hill Architects, with interiors by Daniel Goldberg and furniture selection and styling by Armani/Casa. The palette is drawn from the tonal register Giorgio Armani described as greige, a term for the space between grey and beige, layered with sand, off-white, Canaletto Walnut and Satin Light Brass. Precious materials and finishes are made in Italy by artisans using traditional techniques, including hand-applied finishes exclusively developed by Armani/Casa such as Brass Carved Liquid Metal and White Gold Drafted Stucco.

The residence, priced between AUD$60 million and AUD$70 million, has been composed around the four pillars that guide Armani/Casa as a design house: Art, Fashion, Nature and The Orient. A 165-centimetre column lamp in Onyx-Textured Metal, the Nema floor lamp, greets residents at the entry, with the lighting throughout the residence creating a warm and tranquil atmosphere.

In the principal suite, the Morfeo bed, a celebrated, softly curved floating design finished in Canaletto Walnut and Majilite Chinchilla upholstery—anchors the room. In the formal living room, a five-by-five-and-a-half-meter-square silk-and-wool rug carries the canneté stripe, a three-dimensional woven texture that has run through Giorgio Armani’s fashion collections since the very beginning, flanked by timber lattice screens drawn from the geometry of Japanese shoji and torii.

On the desk of the study rests the Limited Edition Logo lamp with a dimmable function, shade in Methacrylate and Copper Mesh, base in Satin Light Brass and Canaletto Wood; it is now a collector's item and is no longer available for purchase worldwide.

The Logo lamp was designed by Giorgio Armani in 1982 for his own Milan stores to cast even light on his collections and was soon after adopted as the emblem of Armani/Casa itself.

Whole-floor living sits at the heart of the proposition. Residents arrive via a private lift lobby that opens directly into the home, with no shared corridors and no compromise on privacy. The principal living and entertaining volumes are oriented to frame an uninterrupted sweep across the Sydney Opera House, the Harbour Bridge and the harbour beyond.

A primary suite anchors one end of the floor with its own boutique-inspired dressing room and a private spa ensuite, while secondary bedrooms and a study are grouped at the opposite end for privacy. Generous proportions throughout allow each space to breathe, and a terrace extends the living areas into the harbour air.

The owner of Cove will be welcomed into the world of Armani. The invitation begins with a private stay at the Armani Hotel Milano and a personal design experience at the Armani/Casa flagship in Corso Venezia, granting the owner a behind-the-scenes look at the craft and creation of the Armani/Casa products.

One Circular Quay is more than 90 percent sold and is due to complete later this year. With its harbourfront position, the building has already established itself as the benchmark address for a new generation of Sydney residents. The arrival of Cove adds a new dimension: a turnkey residence that is also an invitation into the world of Armani/Casa.