THE PROPERTY DEVELOPMENT REVIEW
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Charter Hall has announced that its $13 billion Charter Hall Prime Industrial Fund has acquired a prime industrial development site at Harcourt Road Darra, which will be developed into a $350 million estate upon completion. A brand-new, multi-tenanted large-format retail centre in the thriving Brisbane suburb of Cleveland has successfully sold, reflecting a yield of 5.55%. Colliers has transacted a vacant commercial office building at Bowen Hills for $4.65 million to a local owner-occupier to house the headquarters for their hospitality business.
Harcourt Road, Darra
Cushman and Wakefield’s Tony Iuliano and Gary Hyland
$80.55 million
P: Charter Hall
47 Shore Street West, Cleveland
Burgess Rawson's Yosh Mendis, Josh Scapolan and Andrew Havig
$10.65 million
Undisclosed
42 Thompson Street, Bowen Hills
V: Local Owner-Occupier P: Owner-Occupier
$4.6 million
Colliers Hunter Higgins
11 Lorisch Way, Rochedale
Rochedale Central, a prime convenience retail centre in Brisbane, has been sold to a private investor.
JLL’s Ned McKendry, Jacob Swan, and Liam Cox
$11.49 million
P: Private Investor
50-80 Manton Street, Morningside
Centennial has acquired a 3.46-hectare last-mile industrial site, marking Centennial's ninth asset in the rapidly growing Australian TradeCoast region
Cushman & Wakefield’s Gary Hyland and Owen Byles
$18.5 million
P: Centennial
ResortBrokers has facilitated the sale of Mantra Nelson Bay on behalf of Saltwater Hotels & Resorts. The 110-apartment, family-friendly resort was acquired by Jeff Aquilina’s at Hotel Group. A development site and former ALDI store in the tightly held area of Capalaba has sold to Sydney Tools, achieving the sharpest square metre rate for a vacant Queensland supermarket on record.
ResortBrokers' Tim Mayoh, Jacqueline Featherby & Trudy Crooks
1A Tomaree Street, Nelson Bay
V: Saltwater Hotels & Resorts P: At Hotel Group
Undisclosed
35-37 Mount Cotton Road, Capalaba
V: ALDI Australia P: Sydney Tools
Colliers' Harry Dever and Hunter Higgins
$6.5 million
V: Richard Pegum & Georgie Clark P: Star Group V: Sydney-based consortium & Developer, Jonathan Hasson P: NRL
Various, Townsville
Star Group has doubled down on its Queensland expansion strategy by acquiring Rydges Mackay Suites and the Mackay Central Retail Centre.
Undisclosed
CBRE's Wayne Bunz
A prominent Sydney-based consortium including 8Hotels’ Paul Fischmann, Capit.el Group’s Eduard Litver, and property developer Jonathan Hasson, has on-sold Brisbane’s Mantra Terrace Hotel to the NRL, achieving a 42% uplift on its 2021 purchase price.
52 Astor Terrace, Spring Hill
CBRE’s Wayne Bunz and Hayley Manvell
$23 million
247 Adelaide Street, Brisbane
A local private investor has offloaded a prime 3,044 sqm commercial building located at 247 Adelaide Street.
V: Local Private Investor P: Queensland Country Bank
Colliers' Nick Wedge and Hunter Higgins
$19 million
Burgess Rawson's Yosh Mendis and Josh Scapolan, in conjunction with Crew Commercial’s Jacob Zhou and Rhiannon Parsons.
A private investor has purchased a premium convenience retail and fast food asset at Upper Coomera Central, reflecting a yield of 6.1% .
$14.75 million
Upper Coomera Central
P: Private Investor
A commercial property situated on one of the busiest roads on Brisbane’s northside has been snapped up within a week of the vendor deciding to sell, demonstrating the strong demand for quality investment properties in the city. A private offshore investor has purchased DentArana for $2.4 million following a highly competitive expressions of interest campaign. A 13,200 sqm site with frontage to the Kedron Brook in Mitchelton has transacted to a retirement living provider, with approval for 196 apartments, assisting with much-needed housing for Brisbane. Plastec Australia, a leading manufacturer of innovative plumbing products, has secured two industrial warehouses in separate off-market transactions with a combined value of $9 million as part of its growth plans for operational expansion. An interstate investor has acquired Dakabin Village, a highly sought-after convenience and childcare centre which has been family-owned for 18 years A local private investor has purchased the Arana Hills Red Rooster for $2,385,220 marking the first change of ownership of the property in nearly 20 years. A premium office building with a secure income stream has transacted to a local real estate agency, Image Realty, which saw the appeal of moving into Springwood’s best CBD office address and a South East Queensland growth hotspot. Woolworths Coomera East Shopping Centre sold on a fully leased yield of 5.41%, located on a 1.75ha site with a development-approved pad for apartments, highlights the ongoing demand for neighbourhood shopping centres in key metropolitan growth regions.
192 Gympie Road, Kedron
V: Small Investor Syndicate P: Tuncil Park Investments
Knight Frank's Jacob Heinke and Hayden Ryan
$3.35 million
Patricks Place, Arana Hills
$2.4 million
P: Offshore Investor
CBRE's Harrison Coburn
V: Private National Property Group P: Retirement Living Provider
1A Northmore Street, Mitchelton
Colliers' Troy Linnane and James Matley
$9.9 MILLION
34 & 21 Enterprise Street, Caloundra West
CBRE’s Jack McCormack and Matt Marenko
$9 million
P: Plastec Australia
90-94 Whitehorse Road, Dakebin
V: Private Family P: Interstate Investor
$3.56 million
CBRE’s Harrison Coburn
270 Dawson Parade, Arana Hills
$2.835 million
V: Local Private Investor
CBRE’s Harrison Coburn
16 Cinderella Drive, Springwood
$5.1 million
P: Image Realty
Colliers Philip O’Dwyer
4 Oaky Crk Road, Coomera
P: Sydney-Based Private Investor
Colliers' James Wilson and Harry Dever
Undisclosed
February / March 2025 – 17
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