Construction boss flips $46m worth of Brisbane property


Brett Walker at the unique Ascot property when there is a 50m Batman-like hidden tunnel leading to the home. Photo Ric Frearson

Construction boss Brett Walker – who bought the historic Ray White mansion for $10m last year – has flipped $46m worth of Brisbane property to a Sydney corporate trustee.

Land records reveal he sealed multiple deals between August and September, the last of which changed possession in December – all involving industrial land and warehouses – with ownership shifting to Evolution MIT Services, which is part of a Sydney-based corporate trustee group.

MORE: The 20 worst places to be a renter in Queensland

Mega $14.5m Hedges Ave sale kickstarts 2022

Seller delivers RAT rule for entering open home

Queensland rents soar as homes become harder to find

Mr Walker bought the home of Ray White Group chairman Brian White for $10m.

Mr Walker, who drew international attention after creating a Batman-like tunnel to an Ascot dream home he built at 128 Crosby Rd before selling to James and Kathryn Campbell for $8.8m five years ago, bought the 32 Sutherland Avenue mansion of Ray White Group chairman Brian White for $10m in July – one of Brisbane’s most expensive house deals last year.

He then went on a commercial selling spree, with his biggest commercial property deal – worth $25m – brokered in August with possession set at the first week of December for a sprawling 4.414ha property in Brisbane’s northside.

Brett Walker sold this Zillmere Road property as part of a $25m multi-deal to Evolution MIT Services.

Mr Walker sold 469, 463 and 485 Zillmere Road in a multi-sale under his BWC Properties umbrella to Evolution MIT Services, a firm that’s part of a Sydney-based corporate trustee group led by Rupert Smoker.

According to government land reports, 485 Zillmere Road had the highest value of $5.6m with warehouse and bulk store use, spanning 3.1ha. The second site, 469, which covers 1.16ha, had a land value of $2.69m. The third, 463, a 1540sq m block used for residential purposes, was zoned for special uses and recorded as having land value of $370,000.

The property formed part of a 4.414ha Zillmere Road landholding Mr Walker owned.

Evolution MIT Services now also owns just under 3ha at 175 Dutton Road, Pinkenba, that Mr Walker’s firm sold for $10m – Mr Walker paid $2.95m for the property 13 years prior – while a 2ha site at 973 Fairfield Road, Yeerongpilly, was sold for $11m (about $2m more than Mr Walker’s firm paid for it in 2008). All sites were zoned for general or future industry.

Evolution MIT Services has been on a buying spree in Brisbane, also picking up five hectares at 165-179 South Pine Road, Brendale, for $32.12m last year.