Issue 41 | The Property Development Review

THE PROPERTY DEVELOPMENT REVIEW

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QLD

VENDOR/ PURCHASER

DESCRIPTION

AGENCY

SALE $

A medical and retail centre in Brisbane's south has sold for $9.415 million, showing a $1.5 million premium compared to the 2019 sale and reflecting a yield of 6.09%

Savills' Michael Harcourt and Jon Tyson CBRE's Wayne Bunz, Michael Simpson and Tom Gibson in conjunction with McVay Real Estate's Sam McVay and Dan McVay

50 Market Place, Waterford West

P: Private Local Investor

$9.415 million

Marking the largest hotel deal struck in Brisbane in the last four years, the Sofitel Hotel sold for $178 million

V: Brookfield Asset Management P: Millennium & Copthorne

249 Turbot St, Brisbane City

$178 million

After an initial asking price of $20 million, Former Club Med site and Lindeman Island has sold to Singapore's Well Smart Group Gina Rinehart has sold 2.4 million hectares of grazing country over four stations in Queensland and Northern Territory. A 4.26ha site in one of the fastest growing industrial precincts in South East Queensland has sold to Brisbane Isuzu.

V: White Horse Group P: Well Smart Group

Lindeman Island

CBRE's Wayne Bunz and Halley Manvell $10 million

V: Gina Rinehart P: Appleton Cattle Company

Circa $205 million

Channel Country

Direct

183 Burnside Road, Stapylton

P: Brisbane Isuzu

Colliers' David Brisk and Nick Evans

$16.5 million

SA

VENDOR/ PURCHASER

DESCRIPTION

AGENCY

SALE $

Knight Frank's David Ludlow and Marco Onorato

A 1,200 sqm industrial facility with a 5-year lease in Regency Park has sold for $3 million in an off-market deal

45 Birralee Road, Regency Park

$3 million

WA

VENDOR/ PURCHASER

DESCRIPTION

AGENCY

SALE $

Centrelink building in Perth’s inner southeastern suburb of Victoria Park has been sold for the first time since the property was built more than 30 years ago.

P: Two local investors and six local families

117 Shepperton Road , Victoria Park

$8.75 million

Knight Frank's Tony Delich

TAS

VENDOR/ PURCHASER

DESCRIPTION

AGENCY

SALE $

Former Victorian school principal Brendan Schmidt and his wife Marlene sold a 100-hectare farm on Bruny Island off the south coast of Tasmania.

Bruny Island

Forbes Global Property's Tracy Atkin

$6.6 million

V: Brendan & Marlene Schmidt

April / May 2023 – 23

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