Crown Development Group has paid $35 million for a 1.25 hectare development site in Brisbane’s inner west. The acquisition ofRead more
Downer EDI Limited is proving to be a valuable tenant for AMP Capital. The infrastructure, mining and rail giant hasRead more
Manchester-based retailer JD Sports has swooped on a prominent Brisbane CBD space until recently occupied by Topshop and Topman. TheRead more
Dexus is paying $188 million for three industrial development sites on Australia’s east coast. The biggest property by area, inRead more
Global supermarket giant Kaufland appears to be continuing to snare prominent Australian sites – this time in Burleigh Heads onRead more
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:Read more
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.Read more
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.Read more
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.Read more
THE largest supermarket in Oakley, a satellite town near Toowoomba in Queensland sold at auction last week for $6.1 million.Read more
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.Read more
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).Read more
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.Read more
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.Read more
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.Read more
HARDWARE giant Bunnings has paid $20.6 million for two hectares of land in the Brisbane suburb of Newstead. The WesfarmersRead more
FINASUCRE, from Belgium, is looking to expand its Queensland land bank.
The company has been operating in Queensland for 10 years and has amassed 11,000 hectares of land.
“There are properties of around 200 hectares that we’d like to buy in the next few months,” Finasucre Investments Australia managing director Jerome Lippens told the AFR. It’s looking around the Bundaberg area.Read more
AGRICULTURAL Land Trust has sold an investment property in north Queensland for $11 million. The trust told the AFR, whichRead more
FORMULA 1 racing driver Mark Webber (pictured, right) is reportedly the buyer of a Noosa mansion that has finally been offloaded by Former world No 1 tennis player, Thomas Muster (pictured, far right).
Webber is reported to have paid about $5 million for the four-bedroom mansion that Muster bought in 2006 for $3.8 million and then redeveloped.Read more
LEIGHTON Properties with Ipswich City Properties have lodged plans to build an office building within the $1 billion Ipswich City Heart development (proposal image, right).
It is proposing a nine-level tower with about 18,000 square metres of A-grade space. According to the AFR the state government is finalising a 15,000 square metre lease within the building, expected to house 1200 state public servants.
Ipswich lord mayor Paul Pisale said the proposal proves Ipswich is becoming a CBD in its own right.Read more