Milieu Property appoints Iurada for 22-residence Collingwood build

On 22 October 2026, Apartments.com.au reported that Milieu Property’s Derby Street development in Collingwood has moved into construction, with Cremorne-based builder Iurada now on site. The outlet’s update is the most recent public word on the 22-residence project at 4 Derby Street, in Melbourne’s inner north.

Derby Street by Milieu sits at the top end of Collingwood, within the City of Yarra, close to Smith Street and the suburb’s warehouse-conversion strip. The building was designed by Studio Bright and comprises 22 apartments across a mix of two, three and four-bedroom layouts, with Milieu Property acting as developer. Apartments.com.au reports pricing from $1.4m and a completion target toward the end of 2027.

Why it matters

For inner-north builders and agents, Derby Street is another boutique project moving from sales into delivery. Milieu Property has appointed Iurada to build 22 residences priced from $1.4m, with completion targeted for late 2027. For City of Yarra agents, it adds two to four-bedroom stock to Collingwood ahead of handover. A similarly scaled boutique build is under way in Hawthorn.

The numbers

Apartments.com.au put Derby Street at 22 residences, a mix of two, three and four-bedroom apartments, with pricing from $1.4m. The outlet named the builder as Iurada, a family-owned, Cremorne-based firm with a track record of boutique projects in Toorak, Camberwell, Hawthorn East, Elwood and Glen Iris, and gave a completion target toward the end of 2027. Studio Bright is named as the project’s architect. The outlet also reported that parking is being delivered as EV-charging ready, though it did not give a total parking count. No separate planning or building record was available to check these figures against independently, so the apartment count, pricing and completion date above reflect Apartments.com.au’s reporting rather than an independently confirmed record.

Milieu Property said it chose Iurada for its hands-on, detail-focused approach and clear communication. The project sits at 4 Derby Street, Collingwood. The $1.4m entry price comes from the project’s listing on Apartments.com.au rather than the body of the report. For trades and suppliers, Iurada is now the party running the site, so subcontract work on Derby Street runs through the builder rather than the developer.

What’s next

With Iurada now on site, the remaining steps for Derby Street are completion and handover, both currently tracking toward late 2027 on Apartments.com.au’s reporting. Milieu Property has not published a fixed settlement date beyond that window, and no formal occupancy milestone has yet been reported. Anyone tracking Collingwood’s apartment supply will have a clearer picture once the building reaches practical completion and the first of the 22 residences are handed over. Until then, construction progress and pricing on Derby Street are being reported through the developer’s own marketing channels and outlet coverage rather than through an independent planning or building record, so the figures above should be treated as the current reported position rather than as confirmed by an authority.

Iurada’s past boutique work spans Toorak, Camberwell, Hawthorn East, Elwood and Glen Iris, according to the report. Derby Street adds a Collingwood project in the City of Yarra to that list.