Queensland Commercial Property News

Major storage facility operator National Storage has won the race to secure an established Gold Coast business in the tightly held storage shed market.

The Star Entertainment Group and its partners have bounced back from the rejection of their planned luxury tower in Sydney, with the Queensland government announcing it will begin direct negotiations to fast-track a proposed $2 billion revamp of its Gold Coast casino holdings.

Hotelier Jerry Schwartz has snapped up one of the key assets of the collapsed Ralan Group at a $32 million discount.

Property fund ISPT is further pushing into the flexible workspace area with a new location in Brisbane set to expand the company’s presence across the eastern seaboard as it looks to sweeten the value proposition for potential tenants.

German funds manager Deka Immobilien is targeting the purchase of Brisbane’s 66 Eagle St complex for about $370 million, with the play again highlighting the city’s appeal to global investors.

One of the Far North’s most popular tourism accommodation businesses is up for sale.

It’s not often you can corner a town’s entire hotel market in one property purchase.

The Star Entertainment Group and its partners have pledged to pour $2 billion into a dramatic revamp of its Gold Coast holdings as it seeks to head off the threat of a rival casino operator entering the market via the Queensland government’s long-running integrated resort process.

Robots will handle more of the nation’s mail with a new Australia Post facility in Brisbane’s Redbank opening a $240m million automated distribution centre.