Queensland Commercial Property Weekly Wrap-Up
Week Ending 21 November 2025
Market Overview
Queensland’s commercial property market continues to show substantial depth, with major industrial, retail and development transactions confirming ongoing investor confidence. The state recorded its largest-ever freehold industrial land sale this week, alongside strong retail and LFR deals across SEQ. (Herde, 2025)
New forecasts from Fitch Solutions indicate accelerating rental growth across Brisbane’s office, retail and industrial sectors through 2026, driven by constrained supply, population inflows and major infrastructure investment. (Fitch Solutions Group Limited, 2025).
This Week’s Highlights
Sold Transactions
|
Asset / Property |
Address |
Sector |
Price |
Yield |
WALE |
Buyer |
Seller |
|
Gibson Island |
Gibson Island, Brisbane River QLD |
Industrial Land |
$198.44m |
N/A |
N/A |
Goodman Group |
Dyno Nobel |
|
Morayfield Village |
177–189 Morayfield Road, Morayfield QLD |
Retail / LFR |
$24.65m |
6.87% |
5.58 yrs |
Private Investor (NSW) |
Gordon Corp |
|
Hoppy’s Express Car Wash |
5A Dixon Drive, Pimpama QLD 4209 |
Retail / Automotive |
$2.67m |
5.66% |
Lease to 2029 |
Private Investor |
Private Seller |
|
Baroona & Milton Road Centre |
16 Baroona Road & 271 Milton Road, Milton QLD |
Retail |
$6.77m |
4.4% |
2.46 yrs |
Dosa Investments |
Tuhan Pty Ltd |
|
Office Building |
200 Kelvin Grove Road, Kelvin Grove QLD |
Office |
$1.8m |
N/A |
N/A |
Denliv Investments |
Private Seller |
|
Toombul Redevelopment Site (Pending) |
1015 Sandgate Road, Toombul QLD 4012 |
Mixed-Use |
Not disclosed |
N/A |
N/A |
Irvine Property Group |
Mirvac |
Lease Transactions
|
Asset / Property |
Address |
Sector |
Lease Type |
Rent |
Area |
Term |
Tenant |
|
SCEE Purpose-Built Facility |
2–6 Leonardo Drive, Brisbane Airport QLD 4008 |
Industrial |
Design & Construct |
$1.05m p.a. |
4,569m² |
7 years |
SCEE Group |
Industrial & Logistics
SCEE Group – Da Vinci Business Park
Address: 2–6 Leonardo Drive, Brisbane Airport QLD 4008
SCEE Group signed a seven-year design-and-construct lease for a 4,569m² purpose-built industrial facility, consolidating its Brisbane operations. Initial annual rent is approximately $1.05 million. (Herde, 2025)
Gibson Island – Record Industrial Land Sale
Address: Gibson Island, Brisbane River, QLD
Goodman Group purchased the 58ha Gibson Island site for $198.44 million, the largest freehold industrial land sale in Queensland’s history. The site features 1.16km river frontage and deep-water wharf access. (Phelps, 2025)
General Self Storage – Park Ridge
Address: 3872–3890 Mount Lindesay Highway, Park Ridge QLD
Natgen’s latest fundraise is fully subscribed, supporting construction of an institutional-grade self-storage facility commencing in early 2026. (The Courier-Mail, 2025)
Retail & Large Format Retail
Morayfield Village
Address: 177–189 Morayfield Road, Morayfield QLD
Sold for $24.65 million at a 6.87% yield, with 96% occupancy and a WALE of 5.58 years. (Herde, 2025)
Hoppy’s Express Car Wash
Address: 5A Dixon Drive, Pimpama QLD 4209
Acquired for $2.67 million at a 5.66% yield, underpinned by a 10-year triple-net lease to 2029. (Herde, 2025)
Baroona & Milton Road Convenience Centre
Address: 16 Baroona Road & 271 Milton Road, Milton QLD
Sold for $6.77 million at a 4.4% yield with KFC as anchor tenant. (Herde, 2025)
Office
Value-Add Office Acquisition – Kelvin Grove
Address: 200 Kelvin Grove Road, Kelvin Grove QLD
Sold for $1.8 million on a 455m² site with 710m² GFA. Planned full refurbishment. (Herde, 2025)
Mixed-Use / Development
Toombul Redevelopment Site
Address: 1015 Sandgate Road, Toombul QLD 4012
Mirvac is finalising the sale of the former Toombul Shopping Centre to Irvine Property Group, with a retail-led mixed-use redevelopment proposed. (Julius, 2025)
General News
Asbestos-Contaminated Play Sand Prompts Closures
A statewide recall of children’s coloured play sand products containing tremolite asbestos has prompted inspections across more than 300 Brisbane schools and multiple childcare centres. Mancel College in Fig Tree Pocket temporarily closed after detecting the material. (Tassell, Strohfeldt, & Julius, 2025)
The recall may tighten regulatory requirements across childcare and education properties, increasing compliance costs but ultimately improving asset quality and investor confidence. (Tassell et al., 2025)
Brisbane Hospitality Strengthens with Renewed Yum Cha Demand
Brisbane’s yum cha market continues to evolve, with demand surging across locations including South Brisbane, Calamvale, Sunnybank, West Village and the CBD. Strong consumer spending is supporting F&B tenancy resilience and driving activation in retail precincts. (Shea, 2025)
The trend is driving increased demand for hospitality space in mixed-use and lifestyle precincts, strengthening retail leasing conditions across the Brisbane metropolitan area. (Shea, 2025)
Fitch Solutions Confirms Strengthening Brisbane Outlook
Fitch Solutions forecasts above-trend rental growth across office, retail and industrial markets through 2026, driven by limited supply and strong population inflows. Office rents are forecast to rise 4.8% in 2025 and 7.7% in 2026. (Fitch Solutions Group Limited, 2025)
Retail and industrial sectors are expected to benefit from rising household spending and logistics demand, reinforcing Brisbane’s status as one of Australia’s strongest-performing commercial markets. (Fitch Solutions Group Limited, 2025)
Final Take
Queensland’s commercial property market continues to outperform national benchmarks, with strong industrial demand, competitive retail investment activity and improving market fundamentals across Brisbane. With above-trend rental growth forecast into 2026 and continued infrastructure investment, SEQ remains one of Australia’s most robust commercial property markets. (Fitch Solutions Group Limited, 2025)
References
- Broad, S. (2025). Nice clean deal for interstate buyer. The Courier-Mail.
- Conybeare, J. (2025). Long-term plans for hub. The Courier-Mail.
- Fitch Solutions Group Limited. (2025). Australia Real Estate Report: Forecasts to 2029.
- Herde, C. (2025). Da Vinci lands SCEE. The Courier-Mail.
- Herde, C. (2025). Retail appetite booms. The Courier-Mail.
- Julius, D. (2025). New developers to take over flood-ravaged shopping centre site. Brisbane Times.
- Phelps, M. (2025). Sale of the century: Gibson Island sells for stunning $198m Qld record. Queensland Country Life.
- Shea, M. (2025). The Brisbane restaurants that will restore your faith in yum cha. Brisbane Times.
- Tassell, D., Strohfeldt, C., & Julius, D. (2025). Brisbane school shuts after asbestos-laced play sand found. Brisbane Times.
- Wise. (2025). USD to AUD historical exchange rates.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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