Queensland Commercial Property News

QIC Global Real Estate is poised to bring a $300 million Mary St tower occupied by the Queensland government to market. It will be one of the ­largest buildings offered in Brisbane this year. 

Australia’s worst drought in 400 years has led to a significant decrease in the number of farms coming onto the market in New South Wales and Queensland, real estate agents have said. 

Queensland’s Great Keppel Island Resort is poised to be sold to offshore interests for around its $20 million asking price after years of languishing on the market along with several of the Sunshine State’s once iconic islands. 

Melbourne-based Shakespeare Property Group has swooped on the Novotel Twin Waters Resort on Queensland’s Sunshine Coast for about $100 million.

Famous Queensland outback pub the Birdsville Hotel is on the market for the first time in almost 40 years.

Singapore-based Rockworth Capital Partners has swooped on an office building in Brisbane’s financial district in a deal worth more than $60 million.

German supermarket powerhouse Kaufland has struck a fresh deal to expand into Queensland, with Bunnings landlord BWP Trust poised to sell it a site on the Gold Coast.

The multi-billionaire Oatley family is planning to spruce up its Queensland island resort, following hard on the heels of other ­island resort redevelopment by investors such as the Chinese owners of Lindeman and Daydream islands, as well as Malaysia’s Mulpha Group on Hayman Island.

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.