Queensland Commercial Property News

Large apartment projects worth about $700 million are in train on the Gold Coast as potential buyers descend on the glitter strip for the summer holidays. 

The Star Casino is considering fast-tracking the building of its $400 million, 53-storey third tower at Broadbeach after stronger-than-expected sales.

A development earmarked as a residential tower is now set to ­become southeast Queensland’s first commercial building with a rooftop pool, after the developers recognised the challenges of ­delivering more apartments to Brisbane’s saturated market.

High-rise king Harry Triguboff is charging ahead with one of the largest ever projects in Queensland holiday mecca Surfers Paradise, as projects by Chinese developers face an uncertain ­future.

Village Roadshow has sold the home of its Warner Bros Movie World and Wet’n’Wild Gold Coast theme parks for about $100 million.

Retirement specialist Aveo Group has exited a major commercial property holding, selling the Gasworks Plaza complex in Newstead, Brisbane, to AMP Capital for $248.4 million.

A series of Queensland shopping centres have changed hands at very sharp yields, reflecting the healthy demand for centres expected to stare down Amazon and continue to produce steady returns.

The listed Ardent Leisure Group will pour the proceeds of its $160 million sale of local bowling alleys and arcades into turning around the performance of iconic Queensland theme parks and its US-based Main Event business.

Construction is to start on a new town centre at the heart of Stockland’s $5 billion Oceanside development on the Sunshine Coast, after receiving state and local ­approval.