Queensland Commercial Property News

The embattled owner of Queensland’s Dreamworld theme park, Ardent Leisure, has flagged $86 million in writedowns in its parks unit, amid a slow recovery from the 2016 accident that claimed four lives.

The listed Charter Hall Group has snapped up three buildings in Brisbane’s central business district in a near $94 million deal giving it control of a site that was to house one of Brisbane’s tallest apartment towers.

The Singaporean family office fund-anchored Xgenesis is looking to cash in on surging interest for Gold Coast hotels by offering the Crowne Plaza Surfers Paradise with price expectations of $100 million-plus. 

Pets, space for the visiting grandchildren to stay, a cinema, beauty salon and in-house medical staff are all part of a $115 million Brisbane seniors project transforming aged care.

Malaysian conglomerate Mulpha Group is investing more than $100 million reinventing its posh Whitsundays resort which is to be rebranded Hayman Island, by InterContinental after the British and American listed hotelier signed a long term management agreement.

Linking old with new, the $1.1 billion Herston Quarter, central Brisbane, is set to be one of the city’s largest and most complex biomedical precincts.

The Gold Coast could become the first place in Australia with a “memorial reef” that would double as an artificial dive site and an underwater cemetery.

The $1 billion empire of Australia’s largest private beef producer Consolidated Pastoral Company could be broken up by its private equity owner, British group Terra Firma Capital, which has tapped agent Meares & Associates to field interest on individual properties in its portfolio.

Village Roadshow hopes to raise about $50 million in fresh capital as it seeks to get its business back on track as its Gold Coast theme parks drag its performance down.