Queensland Commercial Property News

Brisbane’s industrial sector is soaring, with an ongoing flight to quality seeing occupiers take advantage of low prices to snap up A-grade warehouse space.

German supermarket giant Aldi will exit the Gold Coast’s Easy T shopping centre this month after owner Clarence Property signed an independent IGA operator to a 15-year lease.

Perth syndicate Kerching Capital has picked up its third IGA-anchored shopping centre in Queensland, buying Sandstone Village for $10.4 million.

Strong growth in the IT sector is fuelling a flurry of activity in Brisbane’s office market, with firms capitalising on the current environment to upgrade their premises.

An Asian investor has snapped up the Woolworths-anchored Reedy Creek Village Shopping Centre, on the southern end of the Gold Coast, for $20.5 million.

SCA Property Group has followed news of a 23% profit lift with the purchase of Townsville’s Annandale Central Shopping Centre.

Unlisted property manager Quintessential Equity will pay $45.25 million for a suburban Brisbane office building as it looks to ramp up its Queensland market exposure. This article originally appeared on theaustralian.com.au/property.

A private investor has paid $3.8 million for a Queensland vehicle showroom leased to a Jeep and Chrysler dealership.

Total vacant space in Brisbane’s industrial market has fallen for the fourth consecutive quarter and is now down by more than 10% compared with a year ago.