Trilogy Funds Management is paying $12.05 million for a Gold Coast industrial investment. Fully leased to CPG Resources – Mineral Technologies Pty Ltd, a subsidiary of Downer EDI Limited, the 1.64 hectare asset at 11 Elysium Road, Carrara, is trading on a 6.86 per cent yield. It will sit within the Trilogy Industrial Property Trust.

Melbourne based property investor and service station owner Nick Andrianakos has paid $85.2 million for a campus style office in Brisbane’s inner west Milton. The off market deal for 19 Lang Parade is being struck on a passing yield of about 8 per cent. The vendor, developer Franco Di Bartolomeo, initially tried to sell the

Perth investors have paid $9.5 million for a 20 year old Gold Coast office. The five-storey building at 128 Bundall Road, Bundall, was sold by Newallah Pty Ltd, an entity linked to the Hams family. Newallah offered the investment with a rental guarantee covering a four per cent vacant component. The deal is being struck,

MRL Investments has paid $15 million for its first retail investment – the St Lucia Marketplace, in Brisbane’s inner south west. The deal with Marquette Properties was struck on a 5.5 per cent yield. Both the vendor and purchaser are headquartered in the Brisbane CBD. According to the selling agents – the sale price of

Four months after ceasing operations on the site, global engineering business Bradken has sold a Runcorn foundry, in south Brisbane, for $26 million. The incoming owner, a Chinese backed local developer, is intending to replace the 16.2 hectare brownfield block with a master planned mixed use project following a rezoning. Bradken listed the site last

The Innisfail office occupied by independent MP Bob Katter – who’s support for Julia Gillard allowed the ALP to form a minority government after the 2010 federal election – is for sale. Colliers International’s Charlie Torrisi is marketing 64 Edith Street for $1.85 million. The double storey commercial building, atop a basement car park, was

Charter Hall Direct Industrial Fund No 4 (DIF4) is paying ASX-listed Beacon Lighting $28 million for an ex-Masters store turned distribution centre in Brisbane’s south Parkinson. The 58 Precinct Street deal is being struck on a 5.38 per cent passing yield. Purpose-built for Woolworths Limited’s failed hardware business five years ago, the property was re

Frasers Property Australia (FPA) is paying Brookfield Residential Properties $31 million for a 48.7 hectare outgoing quarry at one of Brisbane’s most elevated points. The Keperra block, nine kilometres north west of the city, was in 2017 provisionally approved for a $313 million residential estate containing 700 dwellings – a mix of detached houses and

City of Gold Coast has paid $12.8 million for an enormous block at the municipality’s northern outskirts – with plans to convert it into sports and recreation fields. The 85 hectare farm at 396 Stanmore Road, Yatala, is mid-way between the Gold Coast and Brisbane (both are about 40 kilometres away – or a 35

An entity of the ASX-listed Desane Group Holdings Limited has settled on its first Queensland property investment. Desane Properties Pty Ltd – which is headquartered with its parent in Sydney – is paying $9.5 million for a 2.2 hectare site in Wacol, about 11 kilometres south west of the Brisbane CBD. The investment, 16 Industrial

A premium quality childcare centre in Brisbane’s Chapel Hill sold for $7.66 million yesterday. The double storey complex at 11-15 Moordale Street contains 828 square metres of internal area, outdoor play spaces and a 25-bay basement car park. Green Leaves Early Learning recently committed to a 15-year lease, paying annual rent of $437,720 plus GST

A Sydney investor has paid $5.25 million for a mixed-use East Brisbane commercial property “with significant development upside”. The 1619 square metre site at 169 Wellington Road includes 17 car parks and a modern double storey building configured with a warehouse, showroom and office. Returning annual rent of $322,000, the asset is selling on a