THE PROPERTY DEVELOPMENT REVIEW
QLD
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
1 Miles Platting Road, Eight Miles Plain
The 3,118 sqm property at 1 Miles Platting Road has 2,808 sqm of net lettable area, spread over a two-storey building.
V: Alceon Group P: Southern Cross Group
$19.735 million
Knight Frank’s Matt Barker and Blake Goddard.
The Commercial Hotel
The Commercial Hotel is situated on a 2,702 sqm site, and possesses a sports bar with a separate TAB area, gaming room, indoor bistro, and walk-in bottle shop. Additionally, it holds four guest rooms and an administration office on the first floor. A large leasehold on the second largest island in the Cumberland group on the Great Barrier Reef has been sold. The expansive 9.3-hectare area with an enviable water frontage and two private beaches property is expected to be developed into a world-class eco resort, with particular emphasis on a world-class food and beverage experience. Over 20 floors, the landholding is comprised of 13,354 sqm of net lettable area, with flexibility in the subdivision of the floors, and is situated a short distance away from a variety of public transport options, including ferries, buses and trains. Currently, the 14-hectare site at 16 Tingira Street is occupied by a liquid and bulk storage facility tenanted as a distribution centre to Incitec Pivot. The asset includes a lease over a 1.5-hectare seabed. The two-storey retail and office building a total net lettable area of 2,030 sqm on a site of approximately 1,521 sqm, and is situated at the junction of Edward Street and Elizabeth Street, within the main luxury retail precinct in Brisbane’s CBD. Housing a Coles supermarket and 11 specialty tenancies, the centre contains 4,253 sqm of retail space, and is poised for continued success, as the Highfields suburb experiences steady growth. Anchored by leases to SupaCheap Auto, Prices Plus and Domino's Pizza, the centre at 5-7 Fortune Avenue contains 1,567 sqm and has delivered annual 9% returns. The retail centre is anchored by Autobarn, Anaconda, and Beacon Lighting outlets.
V: Reconcil Pty Ltd P: Peter Filipovic and Patrick Ryan V: David Marriner & company P: Glenn Piper
Price undisclosed
CBRE Hotels Senior Director, Paul Fraser.
Hook Island
Circa $10 million
CBRE's Tom Gibson.
200 Mary Street, Brisbane
CBRE's Peter Chapple, Bruce Baker and Tom Phipps.
V: Cromwell Property Group P: Wingate
$108.5 million
16 Tingira Street, Pinkenba
$88 million
V: Sentinel Property Group P: Sims
Savills' Toby Hundertmark.
171 Edward Street, Brisbane
V: Dexus P: The Hour Glass
Private
$82.2 million
Highfields Plaza
V: Whistle Funds Management P: Melbourne-based private investor
$16.3 million
Savills' Peter Tyson and Jon Tyson.
Bribie Island Shopping Centre
$9 million
V: Arcana Capital
Savills' Jon Tyson and Michael Harcourt.
Burleigh Home + Life Centre
V: Gordon Corporation P: Private Gold Coast family
Colliers' Steven King and James Wilson, in partnership with JLL's Jacob Swan, Sam Hatcher, and Ned McKendry.
$72.5 million
June / July 2022 – 9
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