Buying Commercial Property

As investors begin to recognise the rural and agribusiness sector’s long-term potential, three premium grazing parcels in Clairview in north Queensland have been offered to the market.

The embattled Port Hinchinbrook Resort and Marina in North Queensland is set to be revitalised and transformed into a $450 million tourism drawcard under ambitious plans by its new owners.

The world’s largest ski operator, Vail Resorts, is working on a master plan for its newly acquired Perisher resort, which could add more accom­modation, snowmaking and ski lifts. This article originally appeared on theaustralian.com.au/property.

International retailers are expected to come calling after the shops beneath one of Australia’s oldest gentlemen’s clubs were put up for lease.

Vicinity Centres has added yet another Direct Factory Outlets shopping centre to its stable, paying $55 million for DFO Brisbane.

A 180-year-old building near the Salamanca Markets has sold on the lowest ever yield for an commercial investment property in Tasmania.

Warren Ebert’s Sentinel Property Group has continued its expansion in regional Queensland, solidifying its presence in Mackay with the acquisition of another industrial property for $6.5 million.

The sale of a freestanding retail building in the Brisbane CBD has set a new per square metre record.

A KFC outlet on Melbourne’s city fringe and an office leased to a Federal Liberal MP were side by side as more than $27 million worth of property sold at the latest Burgess Rawson investment portfolio auction.