Regional Commercial Property News

Queensland’s disparate resort ­island owners are amping up their redevelopment plans for their properties.

Private equity giant Blackstone is readying to carve off the first element of its $3 billion retail property empire in Australia after winning the asset management arm of investment bank Moelis as the suitor for Figtree Grove in a deal worth more than $200 million.

A Melbourne-based property investment group has increased its profile in the Geelong market with a purchase worth more than $7 million. 

Townsville’s northern growth corridor is continuing to develop at a rapid pace with a $3 million car wash the latest project to get the green light.

A private jetty on Hobart’s Sandy Bay is estimated to fetch more than $500,000 after hitting the market for the first time.

Singapore-based luxury resorts operator Banyan Tree has won the management rights to operate Lindeman Island while builder Watpac is said to have snared the construction contract for a $600 million redevelopment of the island in Queensland’s Whitsundays. 

A news eight-year lease to a national brand tenant is the key to this high profile North Geelong retail investment.

Melbourne-based fund manager C2 Capital has purchased Rydges Gladstone as the seed asset for a new hospitality fund in a deal worth about $5 million.

Two Mornington Peninsula properties that are home to one of the region’s largest caravan and motorhome dealerships and repair facilities is on the market for the first time in more than a quarter of a …