Queensland Commercial Property News

Queensland’s shopping centres remain hot property amongst investors looking to outmanoeuvre stiff competition and yield compression in the southern states.

Move over, Monte Carlo and The Hamptons. There’s a new hotspot where the world’s wealthy are seeking out second homes, and it’s in our own backyard.

Singaporean hotelier and developer Banyan Tree Group chose Brisbane for its first $150 million residential development in Australia, saying Melbourne and Sydney are overpriced. This article originally appeared on theaustralian.com.au/property.

Townsville City Council has placed its premium Thuringowa offices on the market as it relocates its administrative services.

Countless commercial properties claim to be a stone’s throw from Surfers Paradise’s famous beach. Here’s one that actually is.

Global investment banker Goldman Sachs has put two well-established shopping centres in Gladstone’s traditionally tightly held retail scene on the market.

Heritage-listed buildings are continuing to find favour among commercial property investors, with Sydney Roosters chairman Nick Politis understood to be the buyer of Brisbane’s Heckelmann’s Building.

Brisbane’s prominent IBM building has been listed for sale, offering investors an opportunity to tap into the local office market’s rising redevelopment trend.

Australian Unity is boosting its commitment to Brisbane with the purchase of an $80m office block near the Royal Brisbane Hospital. This article originally appeared on theaustralian.com.au/property.