Queensland’s commercial property market continues to show resilience, even as national retail faces pressure. Investor demand remains strong across industrial, retail, and hotel sectors, supported by secure leases, redevelopment potential, and strong location fundamentals. Development momentum is building too, particularly in the logistics-heavy western corridor.
This Week’s Highlights
Retail
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Logan Village Marketplace sells for $16.3 million
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United Service Centre, Slacks Creek goes for $5.61 million
Office/Industrial
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Kedron mixed-use site acquired for $2.8 million
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Europcar relocates to Geebung showroom
Hotels & Leisure
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KS Hotels buys Surfers Paradise Vibe Hotel and Pavilion for over $60 million
General News
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Wittner enters administration
Development
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Timeless Property secures Redbank industrial land deal
Retail
Logan Village Marketplace, Logan Village, QLD
Clarence Property has sold Logan Village Marketplace, anchored by Woolworths, to a Sydney investor for $16.3 million. The 3,241 sqm centre includes a 2,794 sqm supermarket on a 20-year lease, plus a mix of convenience, health, and food tenants. The deal settled on a 5.07% yield.
200 Kingston Road, Slacks Creek, QLD
The United Service Centre at Slacks Creek, developed by Churchill Group, sold under the hammer for $5.61 million to a Singaporean buyer. Anchored by a 12-year lease, it includes a 300 sqm store, eight fuel pumps, and Pie Face café. The sale was at a 5.2% yield.
Office & Industrial
69 Bristol Road, Kedron, QLD
A 742 sqm mixed-use site was bought by Melissa and Wade Woodcroft for $2.8 million. It will house their construction and design companies after an industrial-style renovation. The property includes warehouse, office and showroom space, plus parking for eight vehicles.
199 Robinson Road, Geebung, QLD
Europcar has signed a four-year lease for a 1,130 sqm showroom/warehouse, relocating from Eagle Farm. The $165,000 annual lease provides strong exposure and signage potential on a major arterial road. The site will support their car rental operations across Brisbane’s north.
Hotels & Leisure
Vibe Hotel & Pavilion, Surfers Paradise, QLD
Thailand’s KS Hotels has bought the Vibe Hotel and Surfers Pavilion site for over $60 million. The 4,700 sqm site includes 199 rooms, a marina, and 35 gaming machines. JLL brokered the deal, which signals continued international confidence in the Gold Coast’s hotel market.
Development
Montgomery Street, Redbank Motorway Estate, QLD
Timeless Property has acquired two industrial lots in Goodman’s Redbank Motorway Estate, totalling 3.35 ha. While the price wasn't disclosed, land in the area generally sells above $600/sqm. CBRE noted strong demand thanks to motorway access and nearby deals with Coles and L’Oréal.
General News
Wittner Enters Administration
Footwear retailer Wittner has gone into voluntary administration. Deloitte is overseeing the process as the 110-year-old brand explores recapitalisation or sale. The move highlights growing strain in fashion retail, with cost pressures and changing consumer habits taking a toll.
Sum up
Queensland’s commercial property sector remains broad and resilient. Industrial areas like Kedron and Redbank are drawing interest from developers and owner-occupiers, while hospitality assets continue to attract offshore capital. Even as fashion retail stumbles, buyers still favour convenience-led, long-leased assets, reinforcing market confidence in the state’s outlook.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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