Ingenia buys Carrum Downs, Sunshine Coast sites
Ingenia Communities is paying $10 million for a Carrum Downs seniors housing investment. Protea Village, on 6279 square metres at
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Queensland
HomeCo goes on $222m shopping spree
Home Consortium (HomeCo) has added six retail investments to its Daily Needs Trust (HDN), which floated last November. Two of
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Centuria offloads Brisbane warehouse
Westbridge Funds Management is paying $16.1 million for a Wacol industrial investment. The deal, with Centuria, which held it in
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Stronghold picks up Cairns pub, development sites
Stronghold Investment Management has added a Cairns pub and neighbouring apartment development sites to its diversified portfolio. The Grand Hotel,
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Oscars buys riverside Brisbane hotel
Bill and Mario Gravanis’ Oscars Hotel Group is paying a speculated $50 million for the Oakwood guesthouse beside Brisbane’s Story
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State government buys $60.5m site for freeway
The Palaszczuk government is paying $60.5 million for a high-density apartment site it intends to use for an infrastructure project.
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Trilogy adds Sunshine Coast warehouse to portfolio
Trilogy Funds Management is paying $22.05 million for a Coolum Beach industrial investment. The price for 15-17 Dacmar Road reflects
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Fawkner spends $162.5m on Mackay mall
Fawkner Property is paying $162.5 million for Mackay’s Mount Pleasant Centre. The deal with Vicinity Centres, which manages the asset
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Elanor sells Queensland shopping centre, reports growth
Elanor Investors Group (ENN) has sold Moranbah Fair Shopping Centre after four years. The deal, with Sentinel, is worth $28
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Carina retail investment collects $12.5m
A Carina retail investment – 97 per cent occupied by health and medical groups – has sold for $12.5 million.
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Cold storage portfolio collects $51m
PTG Land has banked $51 million from a portfolio of four fully-leased Brisbane cold storage investments. The deal includes two
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Crane company buys Pinkenba warehouse
Borger Cranes has snapped up a vacant Pinkenba industrial property. The 1.31 hectare site, with 27 car parks at 119
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MA picks up Bundaberg shopping centre
MA Financial has purchased another shopping centre, this time in Queensland. Stockland Bundaberg at 115-119 Takalvan Street, Avoca, is costing
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McPhee industrial portfolio collects $186m
Dexus is paying McPhee Transport director Jay McPhee $186 million for four new, fully leased distribution centres. Three are in
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Centennial outlays $25.85m in Brisbane
Centennial Industrial and Logistics (CIL) has purchased two Brisbane industrial assets from Pipeclay Lawson Limited. The priciest, 141A Boundary Road,
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Frasers acquires Newstead car park
Frasers Property Australia is paying $16.5 million for a Newstead development site. The 3016 square metre Mixed Use zoned parcel
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APN buys two more servos, reports growth
APN Property Group has purchased two more service stations for its Convenience Retail REIT (AQR). Both are in Queensland –
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Sisters of Mercy sell hilltop site after six decades
White Energy managing director, mining engineer Brian Flannery, has outmuscled developers and not-for-profits for a Sisters of Mercy ex-novitiate, in
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Aviator expands to Townsville
Aviator Capital has purchased its first Townsville property – a supermarket-converted-office. Urban Corner at 71 Stanley Street (pictured, top) is
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Irongate buys Michael Hill HQ
Irongate Group (IAP) is buying a Cannon Hill office on a funds-through basis. The four storey, 3520 square metre building
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Aspen spends $18.5m on co-living investment
Aspen Group has purchased an Upper Mount Gravatt student accommodation complex with plans to repurpose it as a traditional co-living
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Gateway buys Hemmant industrial park
Gateway Capital has purchased its second industrial investment in a fortnight. The 6.55 hectare asset, 227-247 Fleming Road, Hemmant, in
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ALE pots $14m from historic pub
ALE Property Group has sold Toowong’s Royal Exchange Hotel for $14.05 million – a price reflecting a four per cent
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Ganellen picks up Brisbane mall
Recently refurbished shopping centre Kallangur Fair, in Brisbane’s north, has sold for $22.45 million. Sydney based fund manager Ganellen is
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Charter Hall, United Petroleum trade Pinkenba site
Charter Hall is paying $43 million for an industrial development site at Pinkenba, near Brisbane Airport. The group is intending
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Clarence picks up west Brisbane industrial site
Clarence Property is spending $14.4 million on a Richlands industrial development site. At 18 Macgregor Place, at the south east
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JDA, Star snap up Queensland hotels
Publicans have swooped on two Queensland hotels in deals worth a total of $22 million. In Bundall, about three kilometres
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SCA acquires third Queensland shopping centre this year
SCA Property Group is paying $34.34 million for Drayton Central, on Toowoomba’s southern outskirts. The price reflects a 5.39 per
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Charter Hall concludes $560m industrial spending spree
Charter Hall has snapped up 17 industrial assets including the landmark Port Connect Distribution Centre (pictured, top), in Lytton –
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Elanor fund buys Surfers Paradise ‘tower of power’
GDI Property Group has sold a landmark Surfers Paradise office for more than twice what it paid in 2015. The
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Pidgeon family offloads another office
A European investor represented by UBS is paying the Pidgeon family $85 million for a 10-level Brisbane CBD office. The
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Fawkner Property picks up service station portfolio
Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
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HomeCo outlays $80m on unbuilt healthcare investment
Home Consortium (HomeCo) has purchased Southport’s unbuilt Proxima building from Evans Long. The funds-through deal, worth $80 million, reflects a
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Redhill Partners acquires Brendale industrial investment
Redhill Partners is paying $9.5 million for a Brendale industrial investment. The 4260 square metre facility is leased until 2026
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AU purchases $33.5m suburban Brisbane office
Australian Unity has purchased Beenleigh’s first major commercial building since 2011. Due for completion next month, the seven storey investment
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West End office, gym trades for $14.5m
An office and gym on 3321 square metres in Brisbane’s inner west have sold for $14.5 million. The price for
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Charter Hall fills part of ex-Virgin HQ
A FUJIFILM Holding Corporation subsidiary has leased nearly a quarter of the Bowen Hills office vacated by Virgin Australia after
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Surfers Paradise sites trade for c$50m
Developers have swooped on two beachfront Surfers Paradise sites in deals worth a total of c$50 million. At 75-79 Garfield
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Stockland snaps up Halcyon
Stockland is paying $620 million for Queensland over-50s communities owner and developer Halcyon. The deal includes 3800 sites across 13
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ALE offers historic Brisbane hotel
ALE Property Group is selling Toowong’s Royal Exchange Hotel. The c1886 venue at 10 High Street was once licensed to
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HomeCo spends $209.7m on healthcare investments
Home Consortium has purchased eight oncology clinics from GenesisCare and a five hectare block at Camden where it will develop
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HomeCo picks up TownCentre Victoria Point
HomeCo has purchased TownCentre Victoria Point, south east of Brisbane, for $160 million. The deal reflects a fully let 4.75
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Charter Hall buys Bunnings, office
Charter Hall has snapped up another Bunnings backed investment for its Long WALE REIT (CLW). The Baldivis outlet at the
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GPT, QuadReal snap up two more east coast projects
A joint venture comprising GPT and Vancouver-based QuadReal has acquired two east coast investments. In Melbourne, the partnership, GPT QuadReal
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RAM outlays $42.5m on healthcare assets
Real Asset Management has purchased four more healthcare investments for the Essential Services REIT it intends to float next quarter.
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Dexus spends $131m for healthcare fund
Silverstone Developments has sold two inner north Brisbane investments to Dexus which will hold them in the c$1.3 billion Healthcare
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Dunk Island sells
NB: This Upsense sale didn’t proceed but Dunk Island sold again in 2022. Read that story here. Upsense Media Capital,
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Gold Coast block earns c$10m for QIC
QIC is banking a speculated c$10 million from a mixed-use development site at Robina, about 10 kilometres south of Surfers
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EG snaps up another property for ACE
EG has purchased the ninth investment for its Australian Core Enhanced Fund (ACE). The 12,157 square metre warehouse, 28 Flint
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Harmony sells Larapinta forklift warehouse
Harmony Property Investments has sold a Larapinta office, showroom and warehouse for $9.34 million. The fund manager paid $6.88m –
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Nick Politis acquires another Brisbane retail investment
Sydney Roosters chairman Nick Politis has paid $29.75 million for a fully-leased Brisbane mixed-use investment. The five-storey property at the
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De Luca offloads Bunnings Plainland
De Luca Corporation has sold a Bunnings investment in Plainland, about 60 kilometres west of Brisbane. The price achieved for
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Investors outlay $34m on childcare centres
Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328
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Abacus, Public Trustee of Qld offload Brisbane office
PGIM Real Estate is paying $54.4 million for a Brisbane CBD office. The modernised c1965 structure, 444 Queen Street, was
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CBIC doubles money on Brisbane office
City of Brisbane Investment Corporation has sold the CBD’s historic former Gordon & Gotch building after four years and a
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MPG acquires retail-converted-office
MPG Funds Management is paying $26 million for a modern, central Townsville office. City Point, at 101-119 Sturt Street, on
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Stones Corner office to seed diversified Harmony fund
Harmony Property Investments has purchased a Stones Corner office – its ninth Queensland asset – for a new diversified fund.
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De Luca purchases Northgate convenience retail site
De Luca Corporation has acquired a Northgate industrial site for $6.65 million with plans to rebuild it as a convenience
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Fast food record yield set for second time in 15 months
In a case of history repeating, a KFC restaurant has sold for a price reflecting a record low yield for
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Bridge Street Plaza trades for $10.5m
A Sydney investor has spent $10.5 million on Toowoomba’s Bridge Street Plaza. The shopping centre, on 8100 square metres at
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Castlerock purchases Ipswich’s Icon building
Cromwell Property Group has sold Ipswich’s Icon building for $145.2 million. The seven year old property, 117 Brisbane Street, was
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Racing Queensland chair buys dilapidated Lamb House
Racing Queensland chair, businessman Steve Wilson, and his wife, Jane, have acquired Brisbane’s Lamb House with plans for a major
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QIC lists half-stake of Gold Coast shopping centre
QIC has listed its half stake in Gold Coast’s Helensvale Town Centre. The government owned investment company – which turns
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Interstate investor snaps up Kedron industrial sites
A Sydney investor has purchased a 1.67 hectare amalgamation of industrial properties at Brisbane’s north Kedron. The sites, 531A-537 Gympie
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Miami shopping centre earns $9.1m from local
A Gold Coast investor is paying $9.1 million for the Miami Village shopping centre. The price for 110 Mountain View
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Ascendas banks $125.1m from three logistics investments
Ascendas Reit has agreed to sell three east coast industrial investments for a total of $125.1 million. The disposals –
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Ormeau warehouse, servo trades for $23m
Xiao Honh (Jane) Darvezina has paid $23 million for an industrial investment at Ormeau – about 35 kilometres north west
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ESR, Goldman Sachs selling State Law Building
ESR and Goldman Sachs are understood to have sold a government-backed Brisbane CBD office to Hines. The State Law Building
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HPI, AVC snare five more Queensland pubs
A fortnight after paying the Scanlon family $10.45 million for Marcoola’s Surfair Beach Hotel, ASX-listed Hotel Property Investments has acquired
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AU spends $65m on retirement homes, land
Australian Unity is paying $65 million for Greengate’s aged care and retirement living portfolio. The deal includes three modern, operational
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Australia’s largest regional art gallery opens
Gold Coast’s HOTA Gallery (pronounced ‘hotter’) opened this month. The $60.5 million facility supersedes The Art Gallery of Ballarat as
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GARDA spends $30m to treble industrial pipeline
GARDA Property Group is spending $30 million on three Brisbane industrial sites with plans for 128,000 square metre of product
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HomeCo sells retail, buys social infrastructure investments
Home Consortium (HMC; HomeCo) has spent $133.2 million on three more social infrastructure assets to seed its HealthCo REIT. The
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Silverstone buys underutilised South Brisbane site
Silverstone Developments has paid $11.5 million for a South Brisbane office/warehouse with high rise upside. The purchaser paid cash for
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Aventus sells Macgregor Home after five years
Stirling Property Funds is acquiring a south Brisbane homemaker centre from Aventus Group. The deal for Macgregor Home at 555
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APN adds six Queensland servos to convenience fund
APN Funds Management has spent $59 million on six Queensland service stations. The deal reflects a blended 5.5 per cent
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Scanlon family sell Sunshine Coast hotel for $10.45m
Hotel Property Investments is paying the Scanlon family $10.45 million for the Surfair Beach Hotel near Maroochydore. The incoming owner
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Fortius, PGIM buy Brisbane office
LaSalle Investment Management is selling a Brisbane CBD office for $214 million. The Chicago group spent $142.15m on 307 Queen
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Van Lieshout expands Macgregor holding with $17.5m outlay
Amart Furniture founder John Van Lieshout has spent $17.5 million on a Macgregor large format retail complex. The 1.11 hectare
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Axis sells Brisbane’s ex-Flight Centre HQ
Axis Capital has sold a Brisbane CBD office to a Cromwell fund for $117.5 million – a price which reflects
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