Queensland Commercial Property News

Property magnate David Devine has launched plans for another $400m luxury apartment building on the Gold Coast defying the construction industry malaise.

The luxury developer has solidified his Queensland presence with a new office in Brisbane after establishing a $2bn pipeline of work in the Sunshine State.

He was the unknown buyer of Adelaide’s old Holden factory and now this developer is embarking on an ambitious ‘build it and they will come’ plan.

Whether it has been for a round of golf or a lap on the bike, many South East Queensland locals have visited the iconic Boomerang Farm at least once in their life.

Hotelier Accor has put its plans for a Mövenpick Hotel in Brisbane on hold as it searches for a new site after decoupling from Keylin Group’s residential tower in Spring Hill.

Build-to-rent projects are becoming increasingly attractive to developers and investors as younger generations shift away from house ownership.

The tough economic environment for commercial property has claimed yet another deal with Queensland businessman Don O’Rorke’s Consolidated Properties Group and funds house CVS Lane Capital Partners pulling a $500m mall portfolio off the market.

In a sign of the strength of the office market’s recovery from the pandemic, a heritage-listed commercial building in Brisbane has been sold for $28,650,000.

The Palaszczuk government has defended dramatic changes to land tax for interstate property investors, but industry remains dubious.