Queensland Commercial Property News

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.

A single Brisbane test store for US mexican food giant Taco Bell looks set to spawn multiple across Australia, with the brand planning on branching out in the new financial year.

The Australian theme park industry remains under pressure ­almost two years after the Dreamworld tragedy.