Queensland Commercial Property News

Listed developer Villa World and its Sydney-based partner Greenfields Development Company have purchased a 153ha development site south of Brisbane for $50 million, with plans to build 1500 homes. This article originally appeared on theaustralian.com.au/property.

Hainan Airlines is acquiring the Novotel Twin Waters resort on Queensland’s Sunshine Coast, in the Chinese carrier’s first foray into the Australian tourism industry.

The majority of the strata apartments at Queensland’s $80 million Peppers Airlie Beach resort, as well as the resort’s management rights, are on the market for just $15 million as part of a receiver sale.

Investor interest in the retail investment market south of Brisbane is showing no signs of slowing, with a Foodworks-anchored convenience centre snapped up and the Coles Group placing a prime site on the market.

Malaysian investment giant Mulpha International has struck its first local hotel acquisition in years, buying The Rydges Esplanade Cairns hotel in a $41 million deal. This article originally appeared on theaustralian.com.au/property.

A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.

A department store brand not yet seen in Australia is among the luxury retailers being sought by the Star Entertainment Group to open at the $3 billion Queen’s Wharf development in Brisbane. This article originally appeared on theaustralian.com.au/property.

Seniors living and aged care is tipped to become an increasingly hot sector in South East Queensland, with industry commentators predicting a boom in vertical ‘apartment-style’ aged care villages integrated with allied care.

Pumped-up demand for office investments is behind property and funds manager GDI Property Group’s decision to sell a pair of office towers in the Sydney and Brisbane CBDs.