A new retail and medical centre in Brisbane’s upmarket Ashgrove has sold for $8.88 million to a Melbourne investment group. The price for 9 Ashgrove Avenue reflects a rate of $14,369 per square metre of building area. It also represents a five per cent net yield. The asset has an 8.5 year weighted average lease

A medical and retail complex east of Brisbane has traded off-market for $14.43 million – a 20 per cent drop on the price the vendors, two local private investors, paid in early 2017. The 10-year old Horizon @ Wellington Point contains three buildings with a total 2616 square metres of lettable area. Rented to 21

Singapore’s Mapletree Logistics Trust is paying $21.25 million for a new Brisbane industrial investment adjacent to Queensland Police Academy. The 1.9 hectare corner site at 115 Rudd Street, Inala, accommodates a 9050 sqm office/warehouse occupied by Decina Bathroomware as its national headquarters. The tenant – an international business which makes signature baths – moved into

Mainboard listed Ho Bee Land (HB Land) has outlaid $23.5 million on two Queensland low-density residential development sites. In the more valuable deal, subsidiary HB Doncaster is spending $14.5m on a 47.4 hectare block at 357 Ripley Road, Ripley Valley, about 42 kilometres south west of Brisbane. Within the Ripley Valley Priority Development Area, the

Sydney syndicate Alceon has sold a Lutwyche commercial asset for $11.25 million. Ladbrokes’ former headquarters at 467-473 Lutwyche Road is trading to a nearby aged care community and disability service organisation which plans to occupy. JLL’s Sam Byrne and Tim Jones brokered the off-market deal. The double storey investment contains 1776 sqm of lettable office

Amazon has committed to a fulfilment centre in Brisbane’s north east Lytton. Cryptically only described as being the size of two rugby fields – so c14,400 square metres – the warehouse will measure 70 per cent of its (24,387 sqm) Melbourne facility, in Dandenong South, and a third of the (43,000 sqm) Moorebank, Sydney complex

A local investor has paid $8.85 million for the mixed-use Bardon Central in Brisbane’s inner-north west. The price reflects a 6.96 per cent market yield – “which is in line with pre-COVID19 levels” according to the selling agency. With two levels over a 56-bay basement car park, the 1146 sqm asset has repositioning and redevelopment

Over 50s community developer GemLife is paying $29.7 million for a 46.4 hectare piece of Gold Coast housing estate, The Heights. The deal was announced last December but required Foreign Investment Review Board approval, which came in three weeks ago. The purchaser is a partnership between two families: the Puljich’s, a well-known Queensland building group,

ASX listed Aspen Group – which comprises Aspen Group Limited and Aspen Property Trust – has acquired a small build-to-rent investment on the Gold Coast. The 9388 square metre site at 4 Fleay Court, Burleigh Heads, includes 18 townhouses, developed in 2004 – marketed for their water views and potential to be refurbished. It was

Vic Investments Management Group is paying Australia Post $26 million for a distribution centre bordered by houses and a shopping centre, in Brisbane’s Underwood. The government first listed the warehouse at 1677 Beenleigh Road early last year with a six month leaseback. Based on the annualised net rent it offered ($2.05m) – the VIMG deal

Nuveen Real Estate – one of the world’s largest investment houses with funds under management worth A$180 billion – has sold its three quarter stake in Brisbane’s Mt Ommaney Shopping Centre. Co-owner, YFG Shopping Centres, controlled by the Fu family, formerly of Taiwan, is spending $285 million for full ownership. It outlaid $94.5m last November

A modern office warehouse in Brisbane’s north occupied by Ergon Energy since 2008 has sold for $11.5 million during a marketing campaign negotiated while social distancing measures are in place. The government has just renewed a lease for three years at 25 Buchanan Road, Banyo. Based on the current net annual rental return ($736, 174),

Fourteen months after it listed the office for sale, City of Brisbane Investment Corporation has found a buyer for its South Regional Business Centre in Yeerongpilly. The seven year old uber-green commercial building traded for $35.25 million – the upper end of the vendor’s expectation. The purchaser is Ascot Capital which last month sold an

Stockland is reaping a reward for its decision to speculatively construct the first stage of a south Brisbane logistics park – an 18,500 square metre facility – securing three tenants for periods of between five and eight years. With the commitments of Apergy, Dotmar and Medline to the $188 million Willawong Distribution Centre, the landlord

EXCLUSIVE Sentinel Property Group and Ascot Capital Limited have sold a new purpose built industrial warehouse in Brisbane’s south Crestmead. On a 1.76 hectare site at 102-108 Magnesium Drive, the 10,159 square metre facility – 1348 sqm of which is mezzanine warehouse space – is trading for $15.5 million. The investment was offered with a

Gliders Transport and Logistics has rented part of a high-bay warehouse facility in the Yatala Enterprise Area – the largest zoned industrial land precinct in the Gold Coast, also just six kilometres from Brisbane’s southern outskirts. GPT Group is the landlord. The 5700 square metre deal for T4, 16 Quarry Road, Stapylton, came after the

Investec has finalised the disposal of a major inner Brisbane office to a Hong Kong private investor. The $94 million sale price for 757 Ann Street, Fortitude Valley, reflects a 6.6 per cent net passing yield. Rising 11-levels, the six year old building was listed for public sale last October by Cushman & Wakefield’s Peter

Trask Land is paying $8.7 million for a 10.8 hectare residential development site in north Brisbane’s fast growing Moreton Bay region. The Narangba holding, 197-207 Callaghan Road, was offered by two neighbours represented by JLL Metro Sales and Investment’s Sam Byrne, and Elliott O’Shea. Trask, directed by David Trask, already owned a Boscoe Road site