THE PROPERTY DEVELOPMENT REVIEW
QLD 23-33 Wruck Crescent, Albany
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Growthpoint Funds Management P: Indigo
Knight Frank's Christian Sandstrom, Hayden Ryan and Chris Mahe CBRE’s Harrison Coburn and Nick Kennedy
Growthpoint Funds Management successfully offloaded a 4,511 sqm mixed-use development site that sits 18km from the Brisbane CBD.
$3.41 million
151 George Street, Beenleigh
A local private investor has purchased Hungry Jacks Beenleigh as the asset class remains highly sought after by investors. A local private has purchased a property consisting of six self-contained, single-bedroom apartments on a 511 sqm corner allotment. The property was previously an NDIS facility but was sold with vacant possession. A vacant development site near leading medical facilities and retail amenities in Brisbane’s north will be developed into an aged care facility following its sale. The 4,768 sqm site sits adjacent to Brookside Shopping Centre, is approved for a 6,849 sqm four- storey, 106-bed residential facility. A local private purchaser has acquired a prime double block spanning 1,012 sqm who intends to landbank the property for future townhouse development.
$5.12 million
P: Local Private Investor
1 Tiwi Street, Bundall
$1.4 million
P: Local Private Investor
Knight Frank's Jacob Heinke
1-7 Northmore Street, Mitchelton
V: Private Vendor P: Private Purchaser
Knight Frank's Christian Sandstrom and Sam Biggins
$5 million
Harcourts Coastal Commercial's Lachlan Marshall and Jared Johnson
7 & 9 Bruce Avenue, Paradise Point
$2.6 million
P: Local Private Purchaser
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Two bus depots in Perth have been sold as part of the Canning Vale and Midvale Industrial portfolio. Both properties operate as major bus depots and sit on a combined land holding of 4.1 hectares. The property development arm of Coles Group has sold its Whiteman Edge Village neighbourhood centre, representing the largest and tightest yielding neighbourhood centre transaction in over two years, with a 5.99% annualised yield. Whiteman Edge Village sits on a large 6,170 sqm landholding and is anchored by Coles and Liquorland while being supported by a mix of 10 specialty retailers.
279 Bannister Road, Canning Vale and 14 Rothschild Place, Midvale
JLL's Matt Brunsdon, Chris Monterosso and Brett Mathanda
$21.7 million
Undisclosed
100 Everglades Avenue, Brabham
V: Coles Group Property Developments
JLL's Sean Flynn, Nigel Freshwater and Sam Hatcher
$39 million
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April / May 2024 – 17
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