Queensland Commercial Property Weekly Wrap-Up 16th October 2025
Market Overview
The Queensland commercial property market demonstrated a strong performance this week across multiple sectors, with significant sales, strategic leases, and growing investor appetite—particularly in suburban retail, industrial precincts, and Brisbane’s evolving office spine. Encouragingly, data from MSCI and industry sentiment reports indicate accelerating recovery, particularly in the retail and industrial sectors, alongside long-term optimism fuelled by Brisbane’s Olympic infrastructure pipeline.
This Week's Highlights
Industrial & Logistics
- 405 Newman Road, Geebung was acquired by Gateway Capital for $72.5 million from QIC. The 22,248 sqm prime-grade logistics estate sits on 3.5ha and is 91% leased to nine tenants across 12 high-spec units. This is Gateway’s first Queensland acquisition for its Industrial & Logistics Partnership.
- 32 Kremzow Road, Brendale was sold for $5.425 million. This freestanding showroom and warehouse includes 1,566 sqm of GFA, 5-tonne and 500kg gantry cranes, a 38kW solar system, and more than 25 car parks. Previously owner-occupied by Hartley Williams for 20 years.
- 19 Calabro Way, Burleigh Heads was leased by Greentech for $300,000 p.a. ($250/sqm) on a 5+5 year term. The 2,317 sqm facility formerly housed Burleigh Brewing and includes large-scale warehouse features.
- 20 Greystone St, Tingalpa was sold off-market for $8.425 million to a local investor. This dual-tenancy property spans over 2,466 sqm with a WALE of 2 years and achieved a rate of $3,416/sqm.
Retail & LFR
- 2069 Moggill Rd, Kenmore changed hands for $6.37 million. Comprising six tenancies including Snap Fitness and Bakers Delight, the centre sold at a 5% yield with redevelopment potential.
- 8 Millennium Circuit, Helensvale was sold (price undisclosed) and acquired by Golf Cars Australia for its new HQ. The 753 sqm building on 1,503 sqm land was formerly occupied by Savilles Meats.
Childcare & Medical
- 215 Whites Rd, Lota (Guardian Childcare) was sold off-market for $7.45 million at a 5.04% yield. Leased for 15 years to Guardian, this newly built asset was acquired by a first-time commercial investor.
Office
- 28 Nicholas St, Ipswich was acquired for $3.4 million by Blue Dog Ventures. The 1,104 sqm building is fully leased to long-standing tenants including Workplace Australia and Walker Pender Lawyers, delivering a 7.8% yield.
- 515 St Pauls Tce, Fortitude Valley (Green Square North Tower) was acquired by Quintessential for $174.85 million. The 23,674 sqm office tower is 100% leased, 80% to government tenants, and reflects a 53% discount to replacement cost.
Deal Summary Table
| Asset Class | Address | Type | Price / Rent | Yield / Rate | Key Details |
|---|---|---|---|---|---|
| Industrial | 405 Newman Road, Geebung | Sale | $72.5 million | - | 22,248 sqm estate; Acquired by Gateway Capital |
| Industrial | 32 Kremzow Road, Brendale | Sale | $5.425 million | - | 1,566 sqm freestanding showroom/warehouse |
| Industrial | 19 Calabro Way, Burleigh Heads | Lease | $300,000 p.a. | $250/sqm | 2,317 sqm facility; Leased to Greentech on 5+5 year term |
| Industrial | 20 Greystone St, Tingalpa | Sale | $8.425 million | $3,416/sqm | 2,466 sqm dual-tenancy property; WALE of 2 years |
| Retail | 2069 Moggill Rd, Kenmore | Sale | $6.37 million | 5.0% | Six tenancies with redevelopment potential |
| Retail / LFR | 8 Millennium Circuit, Helensvale | Sale | Undisclosed | - | 753 sqm building; Acquired by Golf Cars Australia |
| Childcare | 215 Whites Rd, Lota | Sale | $7.45 million | 5.04% | Newly built; 15-year lease to Guardian |
| Office | 28 Nicholas St, Ipswich | Sale | $3.4 million | 7.8% | 1,104 sqm building; Fully leased |
| Office | 515 St Pauls Tce, Fortitude Valley | Sale | $174.85 million | - | 23,674 sqm tower; 100% leased (80% to government) |
General News
- An accelerating recovery in the commercial property market is becoming evident. The MSCI All Property Digest reports Q2 2025 returns surged to 4.94%, up from 1.01% in Q1. Ray White noted this shift as one of the most dramatic in recent history. Retail continues to outperform, especially in neighbourhood and major regional formats, per Knight Frank.
- Investor sentiment, however, still heavily favours residential. API Magazine’s survey shows only 9% are considering commercial property within the next 12 months. Yet commercial offers higher net yields (5–8%) and better inflation hedging, prompting more experienced investors to pivot toward it.
- Brisbane's CBD is expanding into fringe precincts from Bowen Hills to Woolloongabba, catalysed by the 2032 Olympics. Colliers forecasts up to 1.9 million sqm in extra office demand, driven by infrastructure projects like Cross River Rail and Brisbane Metro.
Final Take
Queensland's commercial property market continues to attract targeted investment across a broad spectrum of asset classes. Industrial remains strong with owner-occupiers and tenants pursuing strategic relocations. Retail assets with redevelopment potential are gaining favour, while childcare and suburban office remain resilient income plays. Meanwhile, Olympic momentum and positive economic signals suggest a promising runway for long-term commercial property growth.
References
- Bloom Commercial. (2025). Property listing for 32 Kremzow Rd, Brendale.
- Herde, C. (2025, October 10). Blue Dog Ventures bites into Ipswich office market. The Courier-Mail, p. 62.
- Herde, C. (2025, October 10). Long-term owner divests. The Courier-Mail, p. 62.
- Herde, C. (2025, October 10). New owner to redevelop old style shopping centre. The Courier-Mail, p. 61.
- Herde, C. (2025, October 10). Games pull CBD shift. The Courier-Mail, p. 59.
- Potts, A. (2025, October 10). Chops to golf buggies. The Gold Coast Bulletin, p. 55.
- Potts, A. (2025, October 16). Sherpa unveils units plan. The Gold Coast Bulletin, p. 5.
- Potts, A. (2025, October 10). Solar company nabs old brewery. The Gold Coast Bulletin, p. 55.
- Ray White Group. (2025). MSCI All Property Digest Q2 2025 & Market Commentary.
- Knight Frank. (2025, October 1). Australian Retail Review.
- API Magazine. (2025). Property Sentiment Report 2025.
- Wilmot, B. (2025, October 16). Gateway Capital forges into Queensland with $72m swoop on Geebung industrial asset. The Australian Business Network.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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