Major Japan Builder Announces Eco-Friendly Coolum Residences, Sunshine Coast

HOMES which promise to provide “the most advanced eco-friendly design elements ever built in Australia” is being launched on the Sunshine Coast in Queensland.

The Coolum Residences will include photovoltaic roof tiles, insulated windows, wall ventilation and energy monitoring systems.

An announcement about the proposal and the developer – Japan’s largest home builder, Sekisui House, is copied below:

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Australia’s Biggest Council Blames Carbon Tax For Chunk of Upcoming Rate Rises

THE federal Labor government’s carbon tax has been blamed for a spike in rates, to be passed on by Australia’s largest council next financial year.

Brisbane Lord Mayor Graham Quirk said the average ratepayer will face an increase of $54.62 per annum – reflecting a 4.5 per cent jump.

Mr Quirk said this rate could have limited to $31.48 a year (representing 2.6 per cent) if the carbon tax was removed.

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Sentinel Spends $15.6 Million on Mackay Bulky Goods Complex, Queensland

SENTINEL Property Group has paid $15.6 million for the Northpoint Homemaker Centre in Mackay, Queensland.

The purchase is the second bulky goods complex acquired by the group in the state after it paid $25.75 million last December for The Zone complex at Rothwell.

The Mackay investment occupies a 29,191 square metre site, and has 11,407 square metres of net lettable retail area. It is leased to ten retailers including the listed Super Retail Group and The Good Guys.

The vendor according to the AFR which reported the deal was the 360 Capital Retail Fund.

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Half a Billion Invested Around Brisbane’s Queen Street Mall This Year

HALF a billion has been invested around Brisbane’s Queen Street Mall this year.

ISPT has been the biggest player, spending $100 million refurbishing the Wintergarden Shopping centre which included building a colourful thatched façade. The Melbourne based company also purchased a half share of the Myer Centre for $366 million, and invested another $60 million on the Broadway on the Mall complex.

Toward the casino the Blackstone owned Balad is selling 60 Queen Street for an expected price of between $30 million – $40 million.

The Brisbane City Council is looking to replicate Melbourne’s successful laneway retail concept with the Burnett Lane complex.

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Origin Joins List of Major Tenants Seeking Brisbane Space

THE list of major tenants seeking office space in and around Brisbane is growing but agents do not expect this to translate to a massive rise in rents.

An Origin Energy joint venture, with its Australia Pacific LNG partner, is seeking 12,000 square metres by 2014, increasing to 30,000 square metres in 2016.

Pathology group Sullivan Nicolaides is considering a lease of more than 10,000 square metres – about the same as iron ore giant Vale, and advisory KPMG

The requirements come after Suncorp which had a requirement of 30,000 square metres agreed to move to the 42,000 square metre Southport Tower outside of the CBD owned, according to the AFR, by Anthony John Group.

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Seahaven Resort, Noosa Sells For $40 Million

BILLIONAIRE businessman John Van Leishout is understood to be paying some $40 million for the Seahaven Resort in Noosa, Queensland.

First listed for sale more than 18 months ago, and later reported as a deal that fell through, the resort at 9-21 Hastings Street includes 48 one and two bedroom apartments, 12 retail shops and a car park.

It spreads over a site of 4722 square metres – and has 100 metre frontage to the beach (pictured, right).

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Bank of Queensland to Relocate Headquarters to FKP Gasworks Project

BANK of Queensland will relocate its headquarters to an as-yet-unbuilt $1 billion mixed use project in Newstead, in Brisbane’s inner north.

The bank has signed a 12-year lease for 12,500 square metres of space. That is about a 50 per cent increase on the amount of office space the bank currently leases, in two Brisbane CBD buildings.

The bank is reportedly paying about $500 per square metre per annum for the space.

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Prominent Gold Coast Office Tower Withdrawn From Sale After Price Expectations Not Met

A prominent Surfers Paradise office tower has been withdrawn from the market.

Chung Gold Coast, linked to Brisbane businessman Albert Chung, has tried to sell the 50 Cavill Avenue office since late last year.

The 21-level, 17,000 square metre office tower (pictured, right) failed to attract officers “in line with expectations”. Mr Chung paid about $55 million for the office in 2004. The Australian did not report the price 50 Cavill Avenue was expected to sell for this time around.

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Orchard to Sell Gold Coast’s Chevron Renaissance Shopping Centre

GOLD Coast’s Chevron Renaissance Shopping Centre (pictured, right) has been listed for sale.

The complex is expected to sell for about $79 million which would reflect a yield of about 9 per cent.

The 13,076 square metre centre has parking for 300 cars. It’s anchored by a Coles supermarket and two mini majors and also has space for 50 specialty stores. It also includes 18 office suites.

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