A modern office/warehouse opposite Brisbane Airport has sold for $9.414 million reflecting a 5.8 per cent yield. On 1.1 hectares, 113 Bancroft Road, Pinkenba, is tenanted for nearly three more years to The Palladium Group, which supplies Australian foreign aid within the Asia Pacific region. It contains a 471 square metre A-grade commercial space over

Clarence Property Corporation has paid $8.8 million for an office/warehouse in Brisbane’s Murarrie – the suburb it acquired its first industrial asset four years ago. At 185 Queensport Road North, in the Australia Trade Coast precinct, the 4431 square metre building on a hectare collects 85 per cent of its income from British medical services

Cadence Property Group has paid $10.5 million for a south west Brisbane industrial property it plans to upgrade while offering for lease. The 8.6 hectare Redbank factory at 36-48 River Road will be held by the new CPG FM02 Property Trust. It is located within an e-commerce hub, walking distance to the train station, about 25 kilometres

An office under construction in Newstead has sold twice on the same day to wind up in the hands of Charter Hall Social Infrastructure REIT (CQE) which will pay $122.495 million upon completion mid-next year. Mater Misericordiae Limited was the driving middle party: in a windfall deal many tenants could consider, it agreed to buy

Centuria Property Fund No 2 has purchased a $43 million Ormeau logistics investment for one of its trusts. The deal with ESR Australia for the five year old Maxwell Cold Storage occupied facility at 1 Lahrs Road is being struck on an initial 5.5 per cent yield. The Weighted Average Lease Expiry is 6.5 years.

A high quality industrial asset in Coorparoo is exchanging to Centuria Industrial REIT for $12.5 million. Tenanted until 2028 to Breezway, a subsidiary of New York Stock Exchange listed JELD-WEN, 35 Cambridge Street is trading on a 6.7 per cent net passing yield. The 6065 square metre facility includes a modernised reception area and office/warehouse.

A Brisbane bulky goods asset leased to Officeworks has sold to a Sydney investor for $8.425 million sight unseen. The deal for 92-94 Redland Bay Road, Capalaba, was struck on a 5.1 per cent net passing yield following an onsite auction contested by seven groups. All were high net worth individuals, according to Cushman &

Major Caterpillar distributor Hastings Deering has sold a Brisbane industrial development site for $41.5 million. The Willawong property at 182 Bowhill Road, south of Archerfield Airport, was offered with a short leaseback. CBRE’s Chris O’Brien, Edward Bull and Peter Turnbull marketed it via an expressions of interest campaign. The vendor paid $19.4m in 2011, later

Ghassan Aboud has purchased his first Brisbane guesthouse – the new Fantauzzo Art Series Hotel, beneath and beside the Story Bridge – in a c$75 million deal with Deague Group. The acquisition comes a year after the billionaire and philanthropist paid retailer Gerry Harvey $41.7m for the Byron on Byron resort covering 18 hectares just

A Minyama office has sold for the second time in two years – for an $835,000 profit. The double storey investment at 9 Nicklin Way – the town’s main commercial thoroughfare – fetched $6.35 million following an Offers to Purchase campaign which closed on July 31. The vendor acquired it in late 2018 from the

Denmac Nominees has sold three near-new Queensland service stations to APN Convenience Retail REIT (AQR) for a total of $27.5 million. The blended yield for Brisbane’s Coles Express Acacia Ridge and Coles Express Moorooka (pictured, top), and Coles Express Cairns, in the state’s far north, is 6.3 per cent. Almost two thirds of the portfolio’s

Alceon has pre-sold a Gold Coast office earmarked for part of a site acquired from the local council early last year. Building 1 within the Acuity Business Park at Robina is trading to a private investor for $41.3 million on an initial 6.5 per cent yield. The price reflects a building rate of $6817 per

Sam Daniels, a member of one of Queensland Gulf’s biggest cattle producing families, outbid 10 suitors on Friday to pick up Cloncurry-region breeding and fattening farm Nardoo Station. The 97,500 hectare property 95 kilometres west of the Burke and Wills Roadhouse cost $35 million following an auction in Brisbane. Russell Pearson, who earlier this year

Investec Australia Property Fund (IAP) is paying $15.614 million on a funds through basis for a Brisbane industrial investment. The deal was struck with Felton Property Group, which will now exercise a call option to acquire Lot 3, Belconnen Crescent, Brendale, from its current owner, Alberton Holdings Qld Pty Ltd. Prior to marketing it for

John Fink has purchased the Stokehouse Q restaurant in Brisbane’s South Bank from other hospitality heavyweights – Frank and Sharon Van Haandel. The leasehold deal – between the respective businesses, Fink Group and Van Haandel Group, will result in a rebrand of the diner to OTTO. The Siddon Street, South Brisbane, property is owned by

An investment consortium led by a local has paid $6.1 million for one of 17 freestanding properties on Surfers Paradise’s Cavill Avenue. The six level building at #38 contains a 488 square metre ground floor arcade which connects the retail thoroughfare to Surfers Paradise RSL. Five storeys of office space – a total of 2112

Clive Palmer is spending $5 million to expand his residential holding in Brisbane’s Fig Tree Pocket. The mining magnate paid $7.5m for ‘Rivergum Retreat’ at 36 Needham Street (pictured top and right), on the banks of Brisbane River, in 2018. The price was a $2m discount on the outlay the vendor, Linc Energy founder Peter