Cadence pays $10.5m for vacant Redbank industrial investment, plans rejuvenation, re-let

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

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Hastings Deering sells Willawong industrial site for $41.5m

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

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Ghassan Aboud pays Deague c$75m for Brisbane’s Fantauzzo hotel; flags rebrand

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

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Cloncurry region cattle station Nardoo collects $35m from producer

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

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Regional commercial real estate portfolio sold privately after auctions cancelled

Fifteen east coast commercial properties which were to have been offered at portfolio auctions that were cancelled this quarter because of COVID-19 restrictions, have found buyers following private sale campaigns. Seven assets are rented to businesses considered essential services. Three shops, two offices and two factories – all being outside of Victoria – are also

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LOGOS, TCorp pay Sigma $172m for two distribution centres

A joint venture between New South Wales’ Treasury Corporation (TCorp) and LOGOS – which is majority controlled by Singapore’s ARA Asset Management – is paying $172 million for two distribution centres offered by pharmaceutical giant Sigma with a leaseback. The facilities, in Sydney’s Kemps Creek (pictured, top) and Brisbane’s Berrinba (right), were purpose built by

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