MARKET MOVES CONT’D QLD DESCRIPTION
THE PROPERTY DEVELOPMENT REVIEW
VENDOR/ PURCHASER
AGENCY
SALE $
V: Dexus Wholesale Property Fund (DWPF) P: Fawkner Property
13 Hervey Range Road, Thuringowa Central
Acquisitive Melbourne-based fund manager Fawkner Property has acquired Townsville’s Willows Shopping Centre for $212 million, adding to its high-quality Queensland retail portfolio.
CBRE's Simon Rooney, with Stonebridge and JLL acting for Dexus $212 million
JLL’s Nick Willis and Sam Hatcher and Stonebridge’s Carl Molony, Philip Gartland and Justin Dowers
543 Lutwyche Road, Lutwyche
Rapidly expanding funds house HMC Capital has again bolstered its empire, swooping on Market Central in the northern Brisbane suburb of Lutwyche for about $119m.
V: Abacus Group P: HMC Capital
$119 million
429 Fairfield Road, Yeronga
A local investor has paid $21.5 million for Yeronga Village, highlighting the strong demand for retail assets in the city.
JLL’s Ned McKendry, Jacob Swan and Liam Cox
$21.5 million
P: Local Investor
34-36 Porter Street, 37 Henricks Street, 39 Henricks Street and 47 Henricks Stree, Hemmant
The sale of 14 individual lots in Hemmant has set a new record for industrial land in the Trade Coast precinct. The lots have a total land area of 6,020 sqm and were sold at a rate of $1,013/sqm to a local business.
V: All Resources pty Ltd P: Local Busin
$6.1 million
CBRE’s Braiden Farrer
90 Parklands Drive, Boronia Heights
IGA-anchored Boronia Heights Shopping Centre has changed hands for the first time in its 30-year history.
V: Private Vendor
CBRE’s Harrison Coburn
$8.25 million
232 Boundary Street, Spring Hill
A commercial building on the fringe of Brisbane’s CBD has sold in an off-market deal as demand for quality, well-located freestanding assets in the city continues to strengthen.
Knight Frank's Hayden Ryan and Jacob Heinke
$2.6 million
V: Local Private Vendor
A record price has been achieved for a rare Queen Street frontage retail space, located on the ground floor of Spire Residences.
Colliers' Tony Wang and Shaun Seeto
$1.150 million
P: Private Interstate Investor
The Downs Hotel in Drayton, Toowoomba sold via a private treaty process, with the hotel featuring a strong food & beverage operation, alongside a stylish gaming room featuring 30 modern and high demand EGMs. Situated on a prime 3,804sqm corner site.
25 Brisbane Street, Drayton
JLL's Tom Gleeson, Christian Tsalikis and Mark Walsh.
Undisclosed
Direct
Circa $7.25 million
20 Queen Street, Southport
A 1960s-era Gold Coast motel has been scooped up by Malaysian conglomerate MRCB as it eyes a second Glitter Strip development.
Ray White Commercial Gold Coast’s Brad Merkur
P: MRCB
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September / October 2024 – 17
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