Queensland Commercial Property News

Theme park operator Village Roadshow has raised eyebrows with a downbeat trading update that shows the extended toll taken by the tragedy at rival Dreamworld. 

Companies linked to one of China’s most controversial businessmen, billionaire Huang Xiangmo, have outlaid more than $1 billion to buy two major development sites from an arm of troubled Chinese conglomerate Dalian Wanda Group.

One of Brisbane’s most iconic buildings, the century-old former Ithaca Fire Station, has sold at auction for $1.375 million. 

Lang Walker has won approval for a 26-storey commercial tower in Brisbane’s Fortitude Valley after scrapping plans for twin towers housing 433 apartments. 

A Queensland council has been overwhelmed by the response to a proposal for a $900 million five-star hotel and apartment development opposite the mothballed Palmer Coolum Resort.

Sentinel Property Group has offloaded a trio of homemaker centres across Australia in deals worth almost $90 million.

Chinese property developer Yuhu which was linked to a donations scandal that engulfed the Labor Party last month is understood to be in talks to buy two landmark property sites in Sydney and the Gold Coast in a deal that could top $1 billion.

Retirement provider Aveo Group has been given the green light to build a $27 million aged care facility at its Albion retirement community, The Clayfield. 

One of Brisbane’s most iconic ­hotels, the stylish Emporium in Fortitude Valley, has been picked up by Hong Kong’s Ovolo Hotels group in a deal worth about $40 million.