Queensland Commercial Property Weekly Wrap-Up

Victorian-based CR Kennedy & Company acquired this four-level, 1,006 sqm office building for $8 million. The asset was partially leased at sale and drew strong pre-settlement tenant interest, reflecting ongoing confidence from interstate investors in Brisbane's high-performing office market (Herde, 2025).

A local investor secured a 434 sqm strata office floor at River Quarter for $2.4 million, fully leased to a national medical group. The 5.25% yield is noted as the strongest for the asset class in the CBD since 2020 (Herde, 2025).

McGees Property successfully leased this 311 sqm high-clearance warehouse with 48 sqm of office space and four exclusive car parks to a local carpentry business for $60,000 gross per annum. Modern finishes and three-phase power make it well-suited for trades and light manufacturing uses.

Brisbane Metro Tunnel Opens to Pedestrians Ahead of Launch

The newly completed 213m CBD bus,metro tunnel, part of the Brisbane Metro project, will carry 1,400 weekday trips, easing congestion on Adelaide Street and Victoria Bridge (Mulveney, 2025). This critical infrastructure is expected to improve public transport reliability, with services set to increase to 3-minute intervals.

Flood Mapping Expands: Insurance Premiums to Rise

Brisbane City Council's new flood overlays have added 10,000+ properties to risk zones in the Breakfast Creek, Jindalee and Windsor catchments (O'Malley, 2025). Historical data shows premiums have already risen up to 125% in affected areas.

Shayher Group Lodges Twin-Tower DA for North Quay Site

Taiwanese developer Shayher Group submitted plans for twin towers at 309 North Quay, Brisbane City, QLD 4000, including 1,122 residential units, 236 hotel suites, and a two-level sky restaurant 180m above ground. Designed by Blight Rayner and Plus Architecture, the development includes retail, lifestyle amenities, and public access features (O'Malley, 2025).

Institutional Capital Dominates Brisbane CBD Office Ownership

Analysis reveals firms like Charter Hall and Dexus now dominate the ownership of major Brisbane office towers, with limited representation from Queensland-based funds (The Courier-Mail, 2025). Charter Hall alone controls eight towers and is developing 360 Queen Street, Brisbane City, QLD 4000.

Brisbane Facing Critical Industrial Land Shortage

SA1 Property reports show Greater Brisbane will absorb over 210ha of industrial land annually, exhausting available supply within five years. The Property Council is advocating for a $500m Industrial Infrastructure Fund to unlock future supply. Meanwhile, the 60ha BrisWest Industrial Estate Stage 2, Sumner, QLD 4074 has been launched to market in the Western Corridor (The Courier-Mail, 2025).

Churches Build Wealth Through Expansive QLD Property Holdings

A recent investigation revealed that Queensland's major religious organisations collectively hold billions in property assets, including CBD commercial buildings, pubs, aged care facilities, and farms (Stolz & Pierce, 2025). The Catholic Church owns 538 properties across Brisbane, including the heritage-listed Stock Exchange Hotel, 131 Edward Street, Brisbane City, QLD 4000, and a $51m site at 145 Charlotte Street, Brisbane City, QLD 4000. Other denominations like the Anglican, Uniting, Baptist, Lutheran and Hillsong churches also control significant commercial real estate portfolios across Brisbane and regional centres.