Queensland Commercial Property News

Property funds manager Centuria Capital is finishing the year in striking fashion, snapping up two properties from the KKR-owned biscuit maker Arnott’s for its listed industrial trust for $236 million.

On the main thoroughfare of Innisfail is the opportunity to buy an investment that will stand the test of time.

A fund managed by listed property fund manager Primewest has sold the iconic “Chambers” building and an adjoining eight-storey office building “The Tower” in Brisbane’s CBD for $47.4 million.

Surf retailer Billabong’s former headquarters at the Gold Coast’s Burleigh Heads has been picked up by a local developer, The Potter Group, in a $3.8 million deal.

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.