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

EG has sold Gold Coast’s Circle on Cavill shopping centre to Macau businessman and casino mogul, Loi Keong Kuong, for $61.8 million. The off-market deal for the 12,364 square metre arcade on the lower levels of Sunland’s two-tower Circle on Cavill apartment development, was first mooted 12 months ago. JLL’s Jacob Swan and Sam Hatcher

ALH Group, which parent Woolworths last year announced it would merge with its Endeavour hotel and drinks distribution business, then spin off into new entity Endeavour Group Limited (EGL), has purchased two Queensland pubs. In Bowen, 200 kilometres south east of Townsville, the Queens Beach Motor Inn was acquired from a private consortium which had

Consolidated Properties Group and CVS Lane Capital Partners are paying $84.5 million for the Great Western Super Centre in Keperra, about 10 kilometres north west of the Brisbane CBD. The 1.5 hectare retail asset was listed 10 months ago by Charter Hall Retail REIT and Telstra Super. The vendors, with Charter Hall, paid $62.9 million

PGA Properties is paying $53.5 million for an A-grade office in the Brisbane CBD’s coveted ‘Golden Triangle’. The 14-storey, 5704 square metre building, 410Q, at 410 Queen Street, was listed by RG Property six months ago. About six per cent of the commercial complex is vacant. The office also has a 2.8 year weighted-average-lease expiry.

Independent pub group Tilley and Wills Hotels has paid more than $20 million for The Elephant Hotel in Brisbane’s inner north east Fortitude Valley. The acquisition is the first in Brisbane by the Sydney based group. Australian Pub Fund was the vendor. On a 1237 square metre site at 230 Wickham Road, a vibrant commercial

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