MARKET MOVES
THE PROPERTY DEVELOPMENT REVIEW
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
The Railway Hotel, which was established in 1977, was offloadd by veteran publican tephen Paterson. Local food distributor Colless Foods sold a 19,291 sqm refrigerated warehouse in Katoomba as owner Tom Colless is set to retire.
V: Stephen Paterson P: Adrian Evans V: Colless Foods P: Private Purchaser V: Group of Melbourne- Based Investors P: Arcana Capital" V: Lendlease P: Fawkner Property
Undisclosed
87 Perry Street, Bundaberg North
Savills' Leon Alaban
CBRE’s Matthew Alessi and Brendan Wein
$5.05 million
32 Woodlands Road, Katoomba
17 Greenfields Boulevard, Mount Pleasant
Real estate investment firm, Arcana Capital, purchased a large format retail asset 3km from the Mackay CBD.
CBRE's Joe Tynan, Michael Hedger and Harrison Coburn
$12.3 million
Melbourne-based fund manager Fawkner Property has acquired Cairns Central, a highly successful regional shopping centre in Far North Queensland.
CBRE’s Simon Rooney (representing the purchaser)
$390 million
1/21 McLeod Street, Cairns City
A Queensland-based property developer purchased a 1,083 sqm fully occupied site, with development potential for a eight-storey residential development. The freehold 7,499 sqm McNevin's Logan Park Motel sold with approval in place for 34 additional guest rooms. A high-net-worth Syndey-based private investor has acquired Flagstone Village in South East Queensland for more than $26 million following a hotly contested Expressions of Interest campaign.
CBRE’s Adelaide O’Brien and Will Carman
$6.1 million
70 Sylvan Road, Toowong
P: Pradella
4168 Pacific Highway, Loganholme
HTL Property's Andrew Jackson and Paul Nyholt
$6.1 million
P: Private Owner-Operator
V: Coles Group P: Sydney-Based Private Investor"
Circa $26 million
CBRE’s Joe Tynan and Michael Hedger
6/24 Gates Road, Jimboomba
CBRE’s Will Carman, Adelaide O’Brien of CBRE’s Brisbane Metropolitan team and Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat
The State of Queensland Department of Housing has purchased a vacant residential village, comprising of 124 apartments, a large community centre, a fully equipped commercial kitchen, a pool, an AV room, a salon and a library.
V: Aveo P: The State of Queensland Department of Housing
$44 million
3745 Pacific Highway, Loganholm
The Mercure Kawana Waters has sold to the Australian Rugby League Commission (ARLC) in what is said to be the largest hotel transaction on the Sunshine Coast in over five years.
P: Australian Rugby League Commission (ARLC)
$44 million
9 Florey Boulevard, Birtinya
JLL's Gareth Closter
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Melbourne-Based Private Syndicate P: GDA Diversified Property
A significant campus-style office asset fully leased to Lockheed Martin Australia has sold off- market for $28.2 million in a show of confidence in the Adelaide market.
5-10 Third Avenue, Mawson Lakes
Knight Frank's Max Frohlich
$28.2 million
Centuria Captial has purchased a greenhouse and glasshouse facility within the Adelaide Plains through its open-ended unlisted Centuria Agriculture Fund (CAF), taking the fund's assets under management to $351 million.
$21.5 million
234 Carmelo Road, Riverlea Park
P: Centuria Capital
Direct
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Canadian investment firm, Alberta Investment Management Corporation, and Australian sustainable agricultural investment firm, New Agriculture, have purchased a 2.9 million hectare aggregation in Western Australia.
V: Youngawalla Pastoral Co and Argyle Cattle Co P: New Agriculture
LAWD's Danny Thomas and Simon Wilkinson
Kimberly
$300 million
A fully leased, multi-tenanted freehold industrial property was sold to a private group, reflecting a yield of 4.4%.
V: Private Vendor P: Private Group
Cushman & Wakefield's Alec Di Lollo and Emma Quill
$3.05 million
10 Karratha Street, Welshpool
Active Perth-based funds manager Greenpool Capital has purchased Dianella Plaza in Perth’s northern suburbs to close out 2023.
V: Vicinity Centres P: Greenpool Capital
CBRE’s Simon Rooney and James Douglas
$76.25 million
366 Grand Promenade, Dianella
NT
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Anmatjere
P: Charlie Shahin
LAWD's Danny Thomas and Olivia Thompson
Aileron Station, a 408,000-ha station with over 5,000 head of cattle, As well as Aileron Station, the nearby Oolloo Farm, a 1,047ha fodder-producing property sold.
Speculated $25 million
February /March 2024 – 17
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