Commercial property deals

The cavalcade of Queensland island real estate offerings continues, after Fitzroy Island Resort, off the coast of Cairns, was officially placed on the market.

Big bucks for regional Queensland Woolies, Doughnut Time fills hole in Manly and golf simulator operator tees off in Melbourne’s CBD. MORE NEWS AND DEALS.

Listed developer Villa World and its Sydney-based partner Greenfields Development Company have purchased a 153ha development site south of Brisbane for $50 million, with plans to build 1500 homes. This article originally appeared on theaustralian.com.au/property.

The number of inner-city pub sales in Sydney’s CBD has slowed to its lowest in years, as owners hold on to the valuable assets and banks restrict lending to the ­sector. This article originally appeared on theaustralian.com.au/property.

The majority of the strata apartments at Queensland’s $80 million Peppers Airlie Beach resort, as well as the resort’s management rights, are on the market for just $15 million as part of a receiver sale.

It was a return to form at this week’s Burgess Rawson portfolio auctions, with a Coles supermarket and Bunnings Warehouse in regional Victoria, as well as six United petrol stations, all selling under the hammer on tight yields.

Victorian amusement park Gumbuya Park will undergo a major revamp after Jayco Caravans owner Gerry Ryan and Carsales.com.au founder Wal Pisciotta teamed up to buy it for $4.65 million.

Victorian regional centre Ballarat will welcome a second cinema complex, with Showbiz Cinemas to open a new six-screen facility just outside of the CBD.

The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.