Queensland Commercial Property News

West Australian-based syndicator Properties & Pathways has expanded its Queensland holdings by snapping up a large format retail centre in Townsville for $16 million as retail transactions in the state jump.

Brisbane is set to get a new $40 million live entertainment venue in Fortitude Valley’s Brunswick St Mall with space for up to 3300 people.

Local and international lenders are backing the growth of the student accommodation facilities around Australia as they look to keep pace with rising demand, despite concerns about oversupply in some areas.

Yet another deal has been cut for a The Good Guys outlet, as a large portfolio of stores leased to the bulky goods giant continues to find favour with investors.

A retail complex on Brisbane’s outer fringe has sold for $78.35 million — on a low 5.19 per cent yield — in a record transaction for Queensland.

Brisbane’s commercial leasing market is forecast to generate double-digit rent rises in coming years in a sign the city’s office sector is staging a recovery.

The most hotly contested hotel management prize in the country, involving properties spanning north Queensland, the Gold Coast and Sydney, has drawn significant international interest from the world’s major hoteliers.

The acquisitive international company backed by Syrian billionaire Ghassan Aboud has bought Port Douglas’ Reef Marina with plans to pour more than $100 million into its redevelopment.

The owners of Noosa’s renowned Sails Restaurant plan to sell their prime waterfront site, with expectations the bay-front land will reach $11 million.