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Written by Marc Pallisco
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Monday, 22 February 2010 08:45 |
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 BUDGET holiday makers are driving a surge in occupancy for humble caravan park accommodation – and many are staying for longer than they have in the past.
A change in the facilities offered by some caravan parks – including pools, playgrounds and tennis courts – has also contributed to the newfound buoyancy.
But so too has a lack of supply – caused by some caravan parks selling to developers, who exploit their often spectacular locations with apartments and commercial facilities.
Australian Bureau of Statistics tourism data showed occupancy levels in Queensland’s caravan parks increased substantially in the year to September 2009, the most recent figures available.
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Written by Marc Pallisco
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Tuesday, 16 February 2010 23:35 |
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A SINGAPORE based real estate trust has paid $166 million for a half share in a major Brisbane office building.
K-REIT Asia (Australia) Trust has made its first foray into the commercial property market, according to the Herald Sun, buying into the 30-level, 40,317 square metre fully leased office.
Charter Hall was the vendor. |
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Written by Marc Pallisco
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Tuesday, 16 February 2010 08:31 |
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FUND manager GDI Property Group has paid $34.25 million for Brisbane’s 10 Market Street office building.
The 6853 square metre office is in the Brisbane CBD’s “golden triangle”, and its 30 tenants enjoy Brisbane River views from most windows – which will preserve rents.
The building was offloaded by the Heathley Diversified Property Fund, which paid $23.7 million for the office in 2003.
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Written by Marc Pallisco
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Monday, 15 February 2010 23:05 |
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 FORMER politician Pauline Hanson will sell her country estate in south-east Queensland, ahead of a move to Britain.
The Coleyville home, Serendipity, is set on 147 acres and is about a 20 minute drive from Ipswich. The home is expected to sell for about $1 million, according to real estate agent Keith Edwards.
In the shape of a Y, the timber and brick home includes eight foot wide verandahs and raked cypress pine ceilings.
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Written by Marc Pallisco
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Monday, 15 February 2010 00:16 |
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SENTINEL Property Trust has paid $18 million for an industrial building in Archerfield, Brisbane.
The fully leased, 14,000 square metre development was acquired by BlueScope Steel, who have signed a 15-year lease back for the property.
Sentinel is reported by the AFR to have purchased the property on an 8.5 per cent yield. |
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