Ormeau warehouse, servo trades for $23m

Last October, Centuria paid ESR $43m for a cold storage facility (shaded) opposite 2 Notar Drive.

Xiao Honh (Jane) Darvezina has paid $23 million for an industrial investment at Ormeau – about 35 kilometres north west of Surfers Paradise.

The 3.87 hectare property, 2 Notar Drive, is being acquired from interests associated with Gold Coast developer Rodney Peachey.

It contains improvements spreading 2800 square metres – a distribution centre leased to FCN Logistics and a Caltex diesel depot.

Cushman & Wakefield’s Morgan Ruig and Scott Dalton brokered the off-market sale.

The price reflects a 5.21 per cent passing yield.

Ms Darveniza co-created and managed a significant property portfolio during her 30 year marriage to Bohan Darveniza.

Upon his death in 2010, his personal estate was estimated to be worth $26-$28m; his wider estate, incorporating trusts and companies, was reported to be valued into the hundreds of millions of dollars (story continues below).

In 2017 Ms Darveniza paid $9.125m for a Cannon Hill retail investment.

Another eight figure deal at Ormeau

Seven months ago, Centuria paid ESR $43m for a logistics asset leased to Maxwell Cold Storage at 1 Larhs Road – across the road from 2 Notar Dve.

Not long earlier a food processing plant occupied by Top Cut Meats at 18 Motorway Circuit traded for $12.2m – reflecting a near eight pc yield.

Oremau forms part of a 3000ha zoned, the Yatala Enterprise area, marketed as the Gold Coast’s biggest industrial zoned land precinct.

The suburb is about six kilometres from Brisbane’s southern outskirts.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.