Queensland Commercial Property News

Singapore-based luxury resorts operator Banyan Tree has won the management rights to operate Lindeman Island while builder Watpac is said to have snared the construction contract for a $600 million redevelopment of the island in Queensland’s Whitsundays. 

If you ever wanted a crash pad that was stumbling distance from a pub, here is your chance. 

Melbourne-based fund manager C2 Capital has purchased Rydges Gladstone as the seed asset for a new hospitality fund in a deal worth about $5 million.

The Star Entertainment Group has had its future vision for the Gold Coast signed off by the state government, paving the way for the casino company and its partners to have about $9 billion worth of tourism assets across South East Queensland.

Aveo, bruised retirement village operator, could be poised to cash in a painful Gold Coast asset as it prepares to lift its operations, literally, in the tourism capital.

Fund manager Trilogy is expanding its interests in the Brisbane commercial property arena, ­announcing it will acquire a near-city office building for $25.5 million.

One of Asia’s wealthiest private groups, Legend Land, an associate of Worldwide Hotels, has plunged into the Sunshine State for the first time, buying Brisbane’s ibis Styles hotel in a deal worth about $100 million. 

Marriott is vying with inter­national rivals to open a St Regis property at the troubled Yuhu ­development on the Gold Coast. 

The listed Growthpoint Properties Australia is stepping up its push into resources capitals, with the trust looking to buy the Bank of Queensland building in Brisbane in a deal that could top $200 million.