MARKET MOVES VIC DESCRIPTION
THE PROPERTY DEVELOPMENT REVIEW
QLD 73 Amelia Street, Fortitude Valley 1–5 Phillip Street and 2 Clopton Street, Toowoomba
VENDOR/ PURCHASER
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
AGENCY
SALE $
The Park Hyatt Melbourne has been acquired by Thailand’s KS Hotels in Australia’s largest hotel transaction of 2025 and Melbourne’s biggest since 2017, following an extensive campaign managed by JLL Hotels & Hospitality Group’s Peter Harper, Nick MacFie, and Camilla Tamburini.
BERT (Building Employees Redundancy Trust) has acquired a high-quality commercial asset at 73 Amelia Street, Fortitude Valley, for $11 million in an off-market deal. A prominent Toowoomba CBD commercial asset at 1–5 Phillip Street and 2 Clopton Street has sold for $5.51 million to FKG Group, following a competitive Expressions of Interest campaign. Woolworths Maleny has sold unconditionally for $13.75 million, reflecting a sharp 5.12% yield, underscoring investor demand for secure, long-leased retail assets. Immerse Projects has acquired a 1,760sqm development site at 22–24 Sylvan Road, Toowong, for $9.531 million, marking its strategic entry into the Brisbane market. In a significant off-market transaction, private Brisbane-based developer Red & Co. has secured a prime 2,857sqm vacant development site at Varsity Lakes for $8,000,000, with plans to develop a 156-boutique residential apartment complex offering expansive views. Two adjoining retail properties at 22–24 Smiths Road, Goodna, have sold for a combined $2.132 million, achieving a sharp 3.70% yield—one of Brisbane’s strongest for 2025. On behalf of Citimark Properties, Stonebridge Property Group has sold 7-Eleven and Starbucks Kedron in Brisbane for a combined $12.9 million, achieving a blended 4.99% yield. A high-net-worth Brisbane investor has acquired The Brunswick Hotel in New Farm for $12.8 million in an off-market deal, reflecting a sharp 4.5% yield. The Woolcock Centre, a large format retail complex in Townsville, has sold for $11 million in its first change of ownership since construction over 40 years ago. The sale of a fully leased 20,407sqm Rocklea industrial business park to a private investor demonstrates the strong demand for well-positioned assets in the lead up to Queensland’s infrastructure boom. A tightly held 5.05-hectare development site in Brisbane’s rapidly expanding northern corridor has sold for $8,000,000 to Trask Land, after attracting strong interest from developers keen to secure scarce residential land.
Parliament Place, Melbourne
JLL's Peter Harper, Nick MacFie, and Camilla Tamburini
$11 million
P: BERT
Colliers’ Hunter Higgins
$200 million
P: Thailand’s KS Hotels
RWC Toowoomba's Peter Marks and Brian Doyle
$5.51 million
P: FKG Group
V: Mercator Developments P: Various Owner-Occupiers & Investors
43-45 Bonview Circuit, Truganina
A mix of owner-occupiers and investors have snapped up 39 strata units at the Compass Truganina estate, with the total transaction value exceeding $34 million.
CBRE’s Cameron Giles, Lachlan May, and Fergus Pragnell
$34 million
Stonebridge’s Thomas Proberts, Michael Collins, Philip Gartland, and Justin Dowers CBRE’s Will Carman and John Nucifora
2 Bunya Street, Maleny
$13.75 million
P: Interstate Investor
54 Puckle Street, Moonee Ponds
A retail building at 54 Puckle Street, Moonee Ponds, has sold pre-auction for $2.01 million on a 4.41% yield, surpassing expectations amid a surge in interest in Melbourne’s prime shopping strips.
Fitzroys' Ervin Niyaz and David Bourke
$2.01 million
P: Private Investor
22–24 Sylvan Road, Toowong 22 Lake Street, Varsity Lakes 22–24 Smiths Road, Goodna
$9.531 million
P: Immerse Projects
344 Victoria Parade, East Melbourne 38–44 Dohertys Road, Laverton North
A three-level office building at 344 Victoria Parade, East Melbourne, has sold in a standout transaction for one of Melbourne’s most tightly held commercial precincts.
CBRE’s Nick Peden, Sandro Peluso, Jamus Campbell, and Mark Granter Colliers' Hugh Gilbert, Daniel Telling, Charlie Woodley, and Nick Saunders
Undisclosed
Colliers' Troy Linnane and Jackson Robinson
$8 million
P: Red & Co.
Colliers has successfully sold 38–44 Dohertys Road, Laverton North, to Marchem Australasia for $21.25 million, in a major Inner West industrial transaction.
$21.25 million
P: Marchem Australasia
Colliers’ Hunter Higgins and Shaun Seeto Stonebridge's Michael Collins, Tom Moreland, James Freemantle, and Harry Curtain
$2.132 million
P: Victorian Investor
Combined, $12.9 million
373–375 Victoria Street, Brunswick
A tightly held inner-north landholding at 373–375 Victoria Street, Brunswick, has sold following a competitive campaign led by CVA’s Domenic Sgambellone, Leo Mancino, and Luca Angelico
CVA’s Domenic Sgambellone, Leo Mancino, and Luca Angelico
Various, Kedron
V: Citimark Properties
Undisclosed
569 Brunswick Street, New Farm 238–262 Woolcock Street, Currajong
$12.8 million
CBRE’s Joe Tynan and Paul Fraser
Baron Vanilla Management has acquired the Civilmart manufacturing facility at 33 Kiewa Valley Road, Wodonga, in a $14.71 million transaction, underscoring sustained investor appetite for large- scale industrial assets in regional growth areas. AND Property's Ben Quennell, Joff Mithen and Ricardo Cappelletti have sold 65 National Drive, Truganina, a 7,044sqm Industrial 3 Zone parcel within the Connect West Estate, to a local developer for $5.9 million.
Burgess Rawson from CBRE's Justin Kramersh, in conjunction with Dixon Commercial
33 Kiewa Valley Road, Wodonga
$14.71 million
P: Baron Vanilla Management
Knight Frank's Dan Place and Mark Fitzgerald
$11 million
P: Unikorn Capital
Colliers' Simon Beirne and Nick Evans
65 National Drive, Truganina
117 Grindle Road, Rocklea
$35 million
P: Private Investor
AND Property's Ben Quennell, Joff Mithen and Ricardo Cappelletti
$5.9 million
P: Local Developer
74-80 Nairn Road, Morayfield
V: Private Vendor P: Trask Land
Colliers’ Brendan Hogan and Adam Rubie
$8 million
19 Chandos Street, Cheltenham
CVA Property Consultants and Burgess Rawson have finalised the sale of two newly built commercial investments in the Cheltenham Quarter development.
CVA Property Consultants and Burgess Rawson
$3 million
Cbus Property has acquired Riverside Richmond, a rare one-hectare site at 43-67 River Street, Richmond, fronting over 100 metres of the Yarra River and just three kilometres from Melbourne’s CBD.
43-67 River Street, Richmond
LAWD's Lukas Byrns, Paul Callanan and Peter Sagar
SA
Undisclosed
P: Cbus Property
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Colliers’ Jordan Schmidt and Alistair Mackie, alongside CBRE’s Ian Thomas and Alistair Laycock
$50.5 million
Colliers and CBRE have sold 63 Pirie Street, Adelaide, for $50.5 million, marking the city’s largest office transaction of 2025.
63 Pirie Street, Adelaide
P: Centennial
NSW 171B Botany Road, Waterloo
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
West Medical Hub in West Lakes, Adelaide, has sold for $12.7 million to a local South Australian private buyer.
9 Charles Street, West Lakes
Knight Frank’s Max Frohlich and Sam Biggins
$12.7 million
P: Private Investor
Colliers has sold 171B Botany Road, Waterloo, for $22.5 million to Dascol Corporation, marking a key inner-south Sydney industrial transaction.
Colliers' Michael Crombie, Trent Gallagher, and Joseph Lin
$22.5 million
P: Dascol Corporation
Shop 2, 52 George Street, Parramatta, 5 Byfield Street, Macquarie Park
A retail shop at Shop 2, 52 George Street, Parramatta, has sold at auction for $1.03 million, highlighting strong demand for well-located CBD assets. Colliers' Sam Thomlinson and Trent Gallagher have successfully sold 5 Byfield Street, Macquarie Park, setting a record land rate and reinforcing demand for strategic assets in Sydney’s fast-evolving Macquarie Park Innovation Precinct.
Knight Frank’s Patrick Harlalka and Inveraray Property
$1.03 million
P: Local Owner-Occupier
12–16 Glen Osmond Road, Parkside
V: Michael Basedow of Pitcher Partners
Colliers’ Jordan Schmidt, Rhys Newman, and Alistair Mackie
$9.6 million
A 4,084 sqm development site sold for $9.6 million after a competitive campaign.
Colliers' Sam Thomlinson and Trent Gallagher
Undisclosed
11–13 Bentham Street, Adelaide
An art deco office building at 11–13 Bentham Street, Adelaide, has sold for $3.25 million, marking its first change of ownership in 14 years.
V: Woods & Co P: Wadlow Solicitors
Knight Frank’s Chet Al, Max Frohlich, and Chris Clemente
$3.25 million
A highly flexible development opportunity in the evolving Waterloo precinct has sold to leading Purpose-Built Student Accommodation developer Scape for $32 million.
Colliers' Trent Gallagher, Steam Leung and Zhenni Lu
Waterloo
$32 million
The Bayside Centre at 10–16 Medcalf Street, Warners Bay, has sold for $19.386 million at a 5.99% yield, reflecting strong investor demand for large-format retail assets in regional growth areas.
WA
10–16 Medcalf Street, Warners Bay
VENDOR/ PURCHASER
Burgess Rawson’s Yosh Mendis and Darren Beehag
$19.4 million
P: Private Investor
DESCRIPTION
AGENCY
SALE $
Knight Frank's Anthony Pirrottina, in conjunction with McGrath's Michael Tringali
1 Padbury Circuit, Sorrento Goldfields has acquired Sorrento Beach Resort in Western Australia for around $30 million, marking a strategic expansion into the hotel sector.
V: Various Owners P: Goldfields
CBRE’s Derek Barlow and Chloe Mason
103-105 Parramatta Road, Haberfield
Two adjoining houses in Sydney’s inner west with development potential have sold for a combined $3.5 million.
P: Two Brothers & Private Investors
$30 million
$3.5 million
14 – August / September 2025
August / September 2025 – 15
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