THE PROPERTY DEVELOPMENT REVIEW
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A truck and machinery hiring company acquired a large 34,380 sqm industrial landholding that sits at the entrance of the newly developed Yatala Logstics Hub.
Cushman & Wakefield's Morgan Ruig and Adrian Smith
$10.65 million
1 Transport Street, Yatala
V: Big Chief Hire
The Cairns Southside International, a 62-room hotel found 5 minutes from the Cairns CBD sold to RHCD Funds.
P: RHCD Funds (Redhill Hospitality)
HTL Property's Nic Simarro and Paul Nyholt
$6.17 million
450 Mulgrave Road, Cairns City
V: Shane Nugent P: Lachlan, Tim & Nick (Private Buyers)
115 Murwillumbah Sreett, Murwillumbah
The Imperial Hotel sold after having recently undergone a comprehensive redevelopment.
Undisclosed
JLL's Mark Walsh
250 Alexandra Parade, Alexandra Headland
After being owned by the same family since the 1960s, a beachfront shack on a 911 sqm block was sold to a property developer.
V: Brian Bailey P: NeuBau Group
Undisclosed
Andrew Schofield
CBRE's Wayne Bunz and Steve Carroll in conjunction with JLL's Mitch Noonan, James Aroney and Sophie Tieman
A Singapore-based development firm, has purchased Brisbane's 5-star The Incholm by Ovolo Hotel.
V: Trio Capital P: Invictus Developments
$25 million
73 Wickham Terrace, Spring Hill
V: Redcape Hotel Group (MA Financial) P: Star Group V: Redcape Hotel Group (MA Financial) P: Star Group V: MADAD Investments P: Local Owner-Occupier
MA Financial's Redcape Hotel Group, who froze investor redemptions in July, has offloaded Mackay's The Grove Hotel.
$17.5 million
64 Andergrove Road, Mackay
HTL Property and JLL
Redcape Hotel Group continued to increase its balance sheet with the sale of The Aspley in Brisbane.
$10.5 million
1247 Gympie Road, Aspley
Savills' Tony Bargwanna
Colliers' Charlie Hopper and David Brisk
$17 million
24 Industrial Avenue, Walcol
A local owner-occupier has purchased a 2.8-hectare industrial asset.
Colliers' Nick Wedge and Hunter Higgins
$5.025 million
18 Finchley Street, Milton
A 1,025 sqm commercial office building was sold to a local owner-occupier.
P: Local Owner-Occupier
35 Robina Town Centre Drive, Robina
The sale of a Gold Coast office building has now settled, marking what is believed to be the first significant office deal to an unlisted Fund Manager in Queensland this year.
Knight Frank’s Matt Barker, Blake Goddard and Justin Bond
$40 million
P: Exceed Capital
A joint venture between HSBC Asset Management and climate advisory firm Pollination, CAM, purchased 1,800 hectares of rural land.
V: Loeskow Family P: CAM
$39.9 million
3326 Goodwood Road, Goodwood
Direct
V: Two Local Investors P: Northside Christian College
Ray White Special Projects' Christopher Czernik-Wojcicki and James Hanley HTL Property's Andrew Jolliffe and Dan Dragicevich
A private school in Queensland purchased a neighbouring development site for $2.5 million.
$2.5 million
124 & 128 Alice Street, Goodna
V: Redcape Hotel Group (MA Financial) P: Sydney-based Hotel Group
After selling two pub assets this month, Redcape Property Group has continued its streak with the sale of the Shafston Hotel in Brisbane.
Undisclosed
3 Lytton Road, East Brisbane
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
380-384 Scarborough Beach Road, Osborne Park
An Osborne Park Car Yard has sold in an off-market transaction representing the first significant sale of such property in Osborne Park in recent years.
P: Private Investment Company
14.5 million
Colliers’ Sam Hammond
V: Private Perth-Based Investor P: Properties & Pathways
$33.225 million
In the largest Perth CBD sale this year, an A-grade seven-storey office building in Perth's 'West End' sold.
503 Murray Street, Perth
Sterling Property's Jack Bradshaw
September / October 2023 – 23
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