Queensland Commercial Property News

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.

One of Brisbane’s most historic old watering holes is ready for its next keeper, with the Elephant Hotel now on the market. The renowned Fortitude Valley pub, owned by the John Singleton-led Australian Pub Fund, …

Listed office trusts appear to have a strong future as the latest promoter of a float of a fund launching on the local exchange snapped up a Brisbane building anchored by national operator Hub Australia.

US private equity group Blackstone is close to selling about $350 million worth of assets occupied by cold storage operator Emergent Cold in one of the year’s largest industrial property plays.

Retirement living trust Ingenia Communities Group has raised $131 million of fresh equity to buy three estates and pump more capital into its Sun Communities joint venture, putting it on the path to a $1 billion market capitalisation.

Diminishing land supply in booming southeast Queensland has prompted Chinese-backed Brisbane developer Keylin Group to buy into the northern Gold Coast, picking up Hope Island’s Serenity Cove estate in a deal worth about $50 million.

Brisbane’s Elizabeth Arcade’s new look has been completed, with a pair of student accommodation towers the new centrepieces of the historic thoroughfare.