MARKET MOVES CONT'D QLD DESCRIPTION
THE PROPERTY DEVELOPMENT REVIEW
VENDOR/ PURCHASER AGENCY
SALE $
A major riverside development site at 11–23 Macarthur Avenue, Hamilton has sold for $19 million, reflecting strong demand for large-scale residential opportunities in Brisbane. The 7,401sqm site comes with approval for two 23-storey build-to-rent towers (560 apartments), underscoring growing confidence in the sector. A large-format retail centre at 64 Victoria Street, Warwick has sold for $7.45 million, highlighting strong investor demand for regional retail assets. Anchored by Harvey Norman on a long-term lease to 2034, the 3,809sqm centre sits on a 7,502sqm site and offers secure, defensive income.
11–23 Macarthur Avenue, Hamilton
CBRE's Will Carman and Trent Hobart
$19 million
P: Private Investor
Chris Stewart of LJ Hooker Commercial Toowoomba and Harry Dever of Colliers.
64 Victoria Street, Warwick
$7.45 million
P: Private Investor
Knight Frank's Lachlan Hateley and David Knox, in conjunction with Ray White Commercial South West's Harry Egan
52 Hawkins Crescent, Bundamba
The Hawkins Connect industrial development at 52 Hawkins Crescent, Bundamba is nearing full sell-out, with 21 warehouse units almost entirely taken up following completion.
$17.5 million
P: Various
415 Bridge Street, Wilsonton
A brand-new 7-Eleven service station at 415 Bridge Street, Wilsonton has sold for $5.135 million, reflecting a 6.00% net yield. A strata retail asset at Pacific Centre, 8 Lear Street, Sunnybank Hills has sold for $1.625 million to a local Asia-Pacific owner-occupier, highlighting continued demand within Brisbane’s tightly held Asian business precincts. Ascot Capital has acquired a three-asset industrial portfolio from Wagners Holding Company for $43 million, reflecting strong demand for long-income industrial investments. The portfolio spans Harristown, Narangba and Coolum Beach, with a combined ~59,000sqm landholding and a ~15-year WALE, fully leased to ASX-listed Wagners on triple net leases. An industrial facility at 33–41 Diesel Drive, Paget has sold for $15.1 million in an off-market transaction, reflecting growing investor demand for high-spec regional industrial assets. The 3,052sqm facility on a 9,831sqm site is fully leased to IMS Engineering through to 2031, offering secure, inflation-linked income.
$5.135 million
Undisclosed
Costi Cohen Sasha Rodriguez
8 Lear Street, Sunnybank Hills
P: Local Asia-Pacific Owner- Occupier
Colliers' Tony Wang
$1.625 million
Cushman & Wakefield's Morgan Ruig and Jonathan O’Brien alongside Anthony White of Burcott Road Property Advisory.
Harristown, Narangba and Coolum Beach Portfolio
T: Wagners Holding Company P: Private Investor
$43 million
33–41 Diesel Drive, Paget
$15.1 million
P: Private Investor
Knight Frank's Deniz Mete
6 Cutler Drive, Andergrove (Mackay)
A brand-new childcare centre at 6 Cutler Drive, Andergrove (Mackay) has sold for $6.45 million, reflecting a 5.79% yield.
CBRE's Josh Scapolan, Fin Hume and Tom Lawrence
$6.45 million
Undisclosed
15–19 Dalrymple Road, Garbutt
An owner-occupier has acquired 15–19 Dalrymple Road, Garbutt for $2.05 million, reflecting strong demand for adaptable industrial assets in Townsville.
Knight Frank's Paul Dury and Dan Place
$2.05 million
P: Owner-Occupier
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April / May 2026 – 19
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