Seller: New Britain Catholic Investment 

Transaction Details: Sale of three industrial properties for nearly $14.4 million 

1-5/22 Alexandra Place & 4/9 Archimedes Place: Six units sold for just under $8 million to five investors and one owner-occupier. 

Commentary: The sale of these industrial properties in Murarrie highlights strong investor demand for strategically located industrial assets in Brisbane’s eastern suburbs. The mix of investor and owner-occupier buyers demonstrates the versatility and appeal of these properties in the current market. 

Buyer: Carmdev Group 

Transaction Details: Purchase of two industrial sites for $5.65 million 

Lot 13 (5,000 sqm) and Lot 17 (6,800 sqm) at 731 Johnson Road, Heathwood 

End Value: $27 million for two new industrial developments 

Commentary: Carmdev's acquisition in HUB Heathwood is a testament to the growing demand for industrial space in Brisbane’s southwest. The development plans for high-quality strata units and a freestanding warehouse showcase the estate’s appeal to industrial users and developers alike. 

Buyer: Local Business 

Transaction Details: Purchase of 14 lots across 34-36 Porter Street, 37 Henricks Street, 39 Henricks Street, and 47 Henricks Street 

Total Land Area: 6,020 sqm 

Sale Price: $6.1 million ($1,013 per sqm) 

Commentary: The record-setting sale in Brisbane's Trade Coast precinct reflects the increasing demand for industrial land, with vacancy rates driving owner-occupiers to secure large land parcels due to a lack of available industrial buildings. 

Buyer: Local Medical Owner-Operator 

Transaction Details: Purchase of Engineering House, 447 Upper Edward Street 

Sale Price: $9.8 million 

Property Size: 1,357 sqm, four-level office building with onsite parking 

Commentary: The sale of Engineering House demonstrates the continued demand from owner-occupiers seeking high-quality office space in Brisbane. The property's proximity to the CBD and recent refurbishment made it an attractive option for a local healthcare provider expanding their business. 

Tenant: IQ Construct 

Lease Details: Five-year lease for a 555 sqm suite at Baker’s Grounds, 37 Kennigo Street 

Commentary: IQ Construct’s move into the heritage-listed Baker’s Grounds complex highlights the appeal of unique office spaces in Brisbane’s city fringe. The building’s historical charm and modern refurbishments make it a desirable location for companies seeking creative and functional office environments. 

McGees Property Brisbane manages this property. 

Tenant: RediMed 

Lease Details: Seven-year lease for a 1,152 sqm space at Skygate, 12-14 The Circuit 

Commentary: RediMed’s decision to lease a full floor in the Skygate precinct underscores the increasing demand for accessible office spaces near industrial hubs. The location's proximity to Brisbane Airport and major transport links makes it an ideal base for their health services operations. 

Tenant: Queensland Police Service 

Lease Details: 15-year lease for a new inner-city station at 7192 Logan Road 

Lease Value: Up to $240 million, including fit-out and maintenance 

Commentary: The Queensland Police Service has committed to a significant 15-year lease for a commercial building in Stones Corner, set to house multiple south Brisbane stations. The deal, worth up to $240 million, has raised questions about its cost-effectiveness, particularly given that developers purchased the building for $45 million in 2021. The new mega police station is expected to enhance services ahead of the 2032 Olympics but has been met with concern regarding its financial impact. 

Transaction Details: Sale of café space at 83/19 Railway Terrace 

Sale Price: $575,000 

Lease Details: Tenanted by café Neighbour with a lease through 2029 and two renewal options 

Commentary: The long-term lease for the café space in Milton’s Aura residential building reflects the strength of Brisbane’s inner-city retail market. Investors are attracted to stable, tenanted properties with long lease terms, ensuring a reliable income stream. 

Buyer: Star Hotels Queensland (Steven Shoobridge) 

Transaction Details: Purchase of Rydges Gold Coast Airport Hotel 

Sale Price: $60 million 

Property: 200-room hotel, metres from the Gold Coast Airport 

Commentary: The off-market sale of Rydges Gold Coast Airport Hotel highlights growing confidence in Queensland's tourism sector. The strategic location near the airport and local attractions makes it a prime asset for Star Hotels Queensland, adding to their extensive hospitality portfolio. 

Buyer: Fawkner Property Group 

Transaction Details: Purchase of Willows Shopping Centre 

Sale Price: $212 million 

Property: 44,500 sqm sub-regional shopping centre anchored by Coles, Woolworths, Big W, and ALDI 

Commentary: The sale of Willows Shopping Centre marks the largest retail transaction in Queensland this year. The centre’s strong tenant mix and recent refurbishments make it a high-performing asset, attracting significant investor interest in regional retail properties.