Week Ending 28th November 2025

Market Overview

Queensland’s commercial property sector remains resilient, with strong activity across lifestyle, retail, and development sectors. Leasing demand for health and hospitality assets continues to strengthen, while the strata retail and greenfield markets show solid transactional depth. International recognition of Brisbane’s cultural corridors and a stabilising policy environment are supporting investor confidence as the market heads toward 2026 (Herde, 2025; Tassell, 2025; Davis, 2025).

This Week’s Highlights

Retail and Lifestyle – Function Well, West End

Address: Tenancy beneath Allere Tower, West Village, 97 Boundary Street, West End (Brisbane)

Health and wellness operator Function Well, owned by Darren and Natasha Bain, has secured a 10 year lease over a 3,000 m² four level space beneath the Allere apartment tower within West Village. The flagship venue, opening in April 2026, will include 24 hour training zones, recovery facilities, yoga and pilates studios, and a business lounge. The lease highlights continued demand for high experience tenants in premium mixed use precincts in Brisbane’s inner south (Herde, 2025).

Hospitality and Retail – Alfi Eatery and Bar, Everton Park

Address: Park Lane Dining Precinct, Everton Plaza, 791 Stafford Road, Everton Park (Brisbane)

The Ghanem Group Hospitality has commenced fit out for Alfi Eatery and Bar, an 800 m² 350 seat Mediterranean inspired venue due to open in mid 2026. The venue, within the redeveloped Park Lane dining precinct, will be the largest hospitality tenancy at Everton Plaza and the group’s first suburban operation. This move underscores confidence in Brisbane’s suburban lifestyle and dining markets (Herde, 2025).

CBD Retail and Strata – Hospitality Group Acquisition, Brisbane City

Address: Lots 2 and 3, Ground Floor, Spire Residences, 550 Queen Street, Brisbane City

A fast growing Asian hospitality group has purchased two retail strata lots totalling 215 m² for $2.45 million. The sale achieved $11,395 per m² and reflects ongoing owner occupier demand in Brisbane’s CBD strata market. More than 90 per cent of recent CBD strata transactions are now to owner occupiers (Herde, 2025).

Development and Land – Ausbuild, South Ripley

Address: 58–116 Coleman Road, South Ripley (Ipswich)

Master planned community specialist Ausbuild has acquired a 64.74 ha site for $45 million, with capacity for up to 500 residential lots. The $400 million project will dedicate 30 ha to conservation and 5.5 ha to parklands. The transaction attracted eight formal offers, highlighting strong demand for development land in Ipswich’s southern growth corridor (Herde, 2025).

Summary of Transactions (Week Ending 21 November 2025)

General News

Star Entertainment Takeover Approved

The Queensland Government has approved Bally’s Corporation and Investment Holdings to acquire Star Entertainment, operator of Queen’s Wharf Brisbane and The Star Gold Coast. The approval by the Office of Liquor and Gaming Regulation provides operational certainty and supports continued investment in Queensland’s integrated resort sector. For the commercial property sector, the acquisition is significant. It ensures continuity for the Queen’s Wharf Brisbane precinct, one of the most valuable integrated resort and mixed-use developments in the state, and supports ongoing employment, retail, and hospitality leasing within the broader Brisbane CBD. The approval also reinforces Queensland’s attractiveness for large-scale international investment in tourism and entertainment infrastructure, a key driver for both commercial and hospitality property demand across Southeast Queensland (Davis, 2025a).

Civil Development Costs Rising Across SEQ

Construction and land development costs across Brisbane and South East Queensland have continued to escalate through 2025, driven by sustained material price inflation, labour shortages, and an expanding infrastructure pipeline. According to Turner & Townsend’s International Construction Market Survey (2025), Brisbane remains the most expensive city in Australia to build in, with average costs now reaching approximately $5,009 per m², reflecting increases across all major project categories (Turner & Townsend, 2025).

Master Builders Queensland (2025) has similarly reported persistent supply and labour constraints impacting project delivery timelines and cost stability. Prices for key inputs such as concrete, steel, and asphalt have risen substantially since the pandemic, with average lead times for critical materials remaining well above pre-2020 levels. The industry body notes that the combination of high demand, workforce shortages, and regulatory delays continues to challenge residential and commercial developers alike.

Broader market commentary from Domain (2025) warns that construction costs could climb further as Brisbane’s infrastructure program accelerates in preparation for the 2032 Olympic Games. The anticipated surge in government-backed civil and transport projects is expected to heighten competition for resources, potentially driving further price escalation in the private sector.

For commercial property, the continued rise in construction and servicing costs may prove advantageous. As new development becomes more expensive, the relative value of established commercial and mixed-use assets is likely to strengthen, supporting higher occupancy rates, steady rental growth, and greater capital value resilience across key Brisbane and South East Queensland precincts.

Montague Road Named One of the World’s Coolest Streets

Address: Montague Road, West End (Brisbane)

Time Out magazine has ranked Montague Road the sixth coolest street in the world, citing its transformation from an industrial corridor into a creative and lifestyle hub anchored by Queensland Ballet, GOMA, boutique retailers, and hospitality venues. The recognition enhances Brisbane’s cultural brand and supports commercial appeal in the West End and South Brisbane corridor (Tassell, 2025).

Final Take

This week’s transactions and announcements highlight Brisbane’s growing reputation as both a lifestyle city and a resilient investment destination. From large scale suburban and greenfield activity to global recognition of inner city precincts, Queensland’s commercial property landscape continues to broaden. Rising construction costs may limit new supply, reinforcing the value of existing assets and established precincts (Herde, 2025; Davis, 2025b; Tassell, 2025).

References

• Davis, W. (2025a, November 20). Star Entertainment takeover approved by Queensland government. WAToday. Fairfax Media Publications Pty Limited.
• Davis, W. (2025b, November 22). The hidden housing cost surging in Brisbane, and how the Olympics could turn the screws. Brisbane Times. Fairfax Media Publications Pty Limited.
• Herde, C. (2025, November 21). Big lift for gym couple. The Courier Mail. News Corp Australia.
• Herde, C. (2025, November 21). Hospitality group arrives in Queen St. The Courier Mail. News Corp Australia.
• Herde, C. (2025, November 21). Builder snares mega site. The Courier Mail. News Corp Australia.
• Tassell, D. (2025, November 20). ‘Bit of a reach’: Surprising Brisbane street named one of the coolest in the world. Brisbane Times. Fairfax Media Publications Pty Limited.
• Domain. (2025, May 7). Calm before the storm: Construction costs to surge again before Brisbane 2032. Domain Group.
• Master Builders Queensland. (2025, June). Trade, material delays and cost increases update. Master Builders Queensland.
• Turner & Townsend. (2025, April). International Construction Market Survey 2025: Australia Report. Turner & Townsend Pty Ltd.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

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

Lease Transactions

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

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

QLD Commercial Property Weekly Wrap-Up

Date: Week Ending 14 November 2025

Market Overview

Queensland’s commercial property market continued to display solid depth across retail, industrial, and development sectors this week. Regional activity remained strong, with record transactions in Mackay, Toowoomba, and the Sunshine Coast, while inner-Brisbane assets attracted competitive investor demand. Council planning actions and new policy reports highlighted both the growth momentum and ongoing structural challenges in the state’s planning and regulatory frameworks.

This Week’s Highlights

Summary of Key Transactions

Industrial & Logistics

25 John Vella Drive and 56–68 Maggiolo Drive, Paget (Mackay): Sentinel Property Group sold two industrial assets for $35 million to Baron Vanilla, marking the largest industrial deal in Mackay in three years. Sentinel achieved an estimated 50% profit, having originally purchased the sites for $9.25 million (2012) and $8.3 million (2020). The assets, fully leased and within Mackay’s premier industrial precinct, attracted national investor attention amid a zero per cent vacancy rate for warehouses above 2000 m². (Herde, 2025)

1084–1086 Kingsford Smith Drive, Eagle Farm (Brisbane): A freestanding 1225 m² industrial facility on a 2550 m² site sold to an owner-occupier for $5.5 million. The property last transacted in 2024 for $3.9 million. The sale reflects a land rate of $2157/m² and underlines the sustained scarcity of quality industrial stock in Brisbane’s inner north. (Herde, 2025)

Retail & LFR

81 Noosa Drive, Noosa Heads (Sunshine Coast): Noosa Junction Plaza was sold off-market for $35.2 million at a 5.31% yield. The 5126 m² retail centre, situated on a 7904 m² site, is anchored by Seasons IGA, KHub, and 4 Pines Brewery, alongside 17 specialty tenants. The transaction achieved a 15% internal rate of return for OzProp Capital over a 10-year hold. (Herde, 2025)

2 Binnies Road, Ripley (Ipswich Region): The Griffith Group divested five leased retail investments in its newly developed Ripley Central precinct for a combined $26.145 million, with yields ranging between 4.59% and 5.63%. Tenants include Starbucks, 7-Eleven, Subway, Bottlemart, The Cheesecake Shop, Sparkletown Car Wash, and Swim Factory. Over 400 inquiries were recorded across five campaigns, indicating strong demand for modern, freestanding retail assets in high-growth corridors. (Herde, 2025)

6 Lawrie Street, Gracemere (Rockhampton Region): A newly built Hungry Jack’s sold for $6.4 million on a 4.79% yield after attracting 110 inquiries and six formal offers. The 2223 m² site is secured by a 13-year head lease to Hungry Jack’s head office, with options extending to 2057. (Herde, 2025)

Office & Mixed-Use

Lot 2, Westmark Milton, 22–36 Railway Terrace, Milton (Brisbane): A ground-floor retail investment within the Westmark Milton complex sold post-auction for $3.64 million at a 5.96% yield. The 715 m² freehold volumetric title is tenanted by Anytime Fitness, which recently extended its lease for 10 years. The property includes one car park and 51 m² of storage and achieved a capital value of $6077/m² GLA. (Herde, 2025)

Development Sites

Lot 1 Moggill Road, Indooroopilly (Brisbane Western Corridor): Developer SCAS Leaf Pty Ltd acquired the 4637 m² site for $10.55 million. The land parcel was created following completion of the $257 million Moggill Road Corridor Upgrade and is zoned under the Indooroopilly Centre Neighbourhood Plan for medium-density residential development. (Herde, 2025)

542–558 Hume Street, Middle Ridge (Toowoomba): The Endeavour Foundation sold its 8.55-hectare Low-Medium Density Residential site to a private offshore developer for $23.7 million, achieving $277/m². The campaign drew 19 bids, marking Toowoomba’s largest development site sale in 18 years. (Herde, 2025)

General News

The Business Council of Australia’s 2025 Regulation Rumble Report ranked Queensland sixth nationally for business-friendliness, identifying the state as having the second most restrictive retail trading hours in Australia. The report criticised Queensland’s fragmented planning system, where 77 local councils maintain independent approval frameworks, increasing complexity and delays. BCA Chief Executive Bran Black called for unified state planning processes and modernised trading laws to suit contemporary consumer behaviour. Treasurer David Janetzki cited the creation of the Queensland Productivity Commission and the removal of two state taxes as evidence of reform momentum under the Crisafulli Government. (Ransley, 2025)

Policy & Planning

Norwell Valley Development, Northern Gold Coast: Gold Coast City Council has commenced planning investigations for the proposed Norwell Valley Development, which would deliver 40,000 residential lots alongside industrial, commercial, and open space components. The council voted unanimously to proceed with detailed planning work, with CEO Tim Baker authorised to negotiate cost-recovery agreements with project backers. Mayor Tom Tate confirmed that the City and State will form a working group involving senior planners, technical officers, and a probity adviser to manage the proposal. The project, described as the largest in the city’s history, remains subject to infrastructure feasibility assessment. (Weston, 2025)

Final Take

Queensland’s November activity underscores resilient investor sentiment despite regulatory and cost pressures. High-growth regional centres such as Toowoomba, Mackay, and Ripley continue to attract national capital seeking stable income and land value appreciation. The tightening of yields in neighbourhood retail and QSR assets reflects both limited supply and strong buyer competition. Policy developments, particularly the Norwell Valley initiative and calls for planning reform, highlight a strategic inflection point for Queensland as population and infrastructure demands accelerate.

References

• Herde, C. (2025, November 7). Roadworks seal deal. The Courier-Mail, p. 55.
• Herde, C. (2025, November 7). Retail appetite ramps up. The Courier-Mail, p. 57.
• Herde, C. (2025, November 7). Investor muscles into boom precinct. The Courier-Mail, p. 57.
• Herde, C. (2025, November 7). Future big for mega site. The Courier-Mail, p. 58.
• Herde, C. (2025, November 7). Investors hungry for fast food gems. The Courier-Mail, p. 58.
• Weston, P. (2025, November 11). Planning for growth: Council investigates ‘biggest’ development project yet. The Gold Coast Bulletin, p. 7.
• Ransley, E. (2025, November 10). Revealed: How Qld ranks for business-friendly regulations. The Courier-Mail (Online).

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Queensland Commercial Property Weekly Wrap-Up

Week Ending: 7 November 2025

Market Overview

Queensland’s commercial property sector continues to perform strongly across multiple asset classes, supported by robust investor demand, record infrastructure spending, and innovative development approaches. Brisbane’s positioning ahead of the 2032 Olympics and its confirmed role as host of the 2026 Property Congress has further solidified confidence in the state’s economic trajectory. Recent acquisitions highlight strategic land assembly, value-add retail plays, and the resilience of hospitality assets in key urban corridors.

This Week’s Highlights

Accommodation & Hospitality

Spring Hill Consolidation – Singh Enterprises Assembles Strategic Mixed-Use Holding

Gold Coast-based Singh Enterprises has acquired two properties on Wickham Terrace, Spring Hill: the 52-room Soho Brisbane for $12.9 million and the former St Alban’s Church for between $1.5–$2 million. Combined with their 2024 purchase of the Mercure Spring Hill, the group now controls a 4,150 sqm site zoned for 20-storey development (Herde, 2025).

Malanda Manor Listed – FNQ Guesthouse Seeks New Operator

The heritage-style Malanda Manor Guesthouse has been listed for $1.19 million. Located in Jaggan, the extensively renovated property includes short-term accommodation, a restaurant, and development approvals for a shop and animal farm (Healy, 2025).

Nick Politis Acquires Iconic Caxton Hotel for $50M

Billionaire Nick Politis has purchased the historic Caxton Hotel in Brisbane’s Petrie Terrace for $50 million via SEQ Hospitality Group. The venue, famous for its NRL ties and location near Suncorp Stadium, enhances Politis’ growing hospitality footprint in Queensland (Brischetto, 2025).

Retail & LFR

Repco MAX Capalaba Sells for $13.5M at 5.34% Yield

A freestanding LFR asset at 72–74 Redland Bay Rd, Capalaba has sold for $13.5 million. The refurbished 1,924 sqm showroom is leased to Repco under a net lease with fixed increases. The asset traded at $7,017/sqm GLA after a competitive EOI campaign (Herde, 2025).

Larger Tenancy Strategy Leads to CBD Fringe Sale at 6.1% Yield

41 Park Rd, Milton, a three-storey retail asset on 671 sqm in Brisbane’s inner fringe sold for approx. $6 million. The repositioned building now offers larger retail spaces and long-term tenants, producing a 6.1% yield (Herde, 2025).

Healthcare & Mixed-Use

Coorparoo Medical Asset Sells for $2.26M Amid Strong Investor Demand

A mixed-use commercial property anchored by medical tenancies at 277 Old Cleveland Rd, Coorparoo has sold for $2.26 million. It includes five tenancies and sold at a 5.75% IRR following significant investor interest (Herde, 2025).

Aware Real Estate Acquires The Barracks for Strategic Redevelopment

Aware Real Estate has purchased The Barracks precinct on the edge of Brisbane’s CBD for nearly $150 million. The 1.09ha mixed-use site, formerly owned by Fortius, offers redevelopment potential and is surrounded by major Olympic-related infrastructure projects (Wilmot, 2025).

General News

Critical Trade Shortage Threatens Queensland’s Construction Pipeline

Master Builders Australia warns that a shortfall of over 200,000 tradies could delay national housing and civil infrastructure targets. Queensland’s Olympics-driven pipeline is particularly at risk, highlighting the need for increased apprentice uptake (Chadwick, 2025).

Queensland Joins the $2M Housing Club

PropTrack reports continued growth in national house prices, with Queensland suburbs such as Paddington, Coolangatta, and Mermaid Waters entering the $2 million median price range for the first time (Allen, 2025).

Brisbane to Host 2026 Property Congress Amid $200B Economic Surge

The 2026 Property Congress will be held in Brisbane, underscoring its rising status on the global investment map. Brisbane’s economy has grown by $28 billion since 2020, driven by infrastructure investment and job creation (Caire, 2025).
You can learn more here https://www.propertycouncil.com.au/outlook-event-series-2026/qld

Modular Innovation Proposed for Woolloongabba Development

Brisbane Modular Building has proposed a modular-built 18-storey apartment tower at 33–37 Carl St, Woolloongabba. The 126-unit scheme promises delivery in just nine months and includes above-ground parking, studio units, and a rooftop pool. The proposal seeks to accelerate housing delivery outside the designated PDA (Brescia, 2025).

Transaction Summary

Final Take

Queensland’s commercial real estate market continues to attract institutional and private capital with a focus on strategic urban regeneration, long-term hospitality holds, and alternative development solutions. With strong yields, infrastructure-led growth, and policy support for housing acceleration, the state remains one of the most dynamic investment destinations nationally.

References

• Allen, L. (2025, October 30). Editor’s letter. The Australian, p. 30.
• Brescia, P. (2025, November 5). Developer proposes 126 unit Woolloongabba block to be built in nine months. The Courier-Mail (Online).
• Brischetto, P. (2025, November 2). Caxton Hotel sale: Sydney Roosters and NSW billionaire Nick Politis buys famous Brisbane, Queensland venue for $50 million. 9News.
• Caire, J. (2025, November 1). Perfect timing for Property Congress visit. The Courier-Mail, p. 3.
• Chadwick, C. (2025, November 4). Hammer blow as tradies. Mercury (Hobart), p. 22.
• Healy, S. (2025, October 31). Grand old guesthouse ready to write next chapter. The Cairns Post, p. 6.
• Herde, C. (2025, October 31). Spring Hill stronghold. The Courier-Mail, p. 51.
• Herde, C. (2025, October 31). Larger tenancies proved attractive. The Courier-Mail, p. 54.
• Herde, C. (2025, October 31). Race on for quality asset. The Courier-Mail, p. 54.
• Wilmot, B. (2025, October 31). Betting on city’s growth. The Courier-Mail, p. 52.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Queensland Commercial Property Weekly Summary

Week Ending 30 October 2025

Sales Transactions

Industrial – Redbank

• Address: 61 River Road, Redbank QLD
• Details: A portfolio of six separately titled industrial lots totalling 7,194 square metres of net lettable area across a 1.54-hectare site. The properties were sold to a mix of investors and owner-occupiers following a strategic campaign spanning 18 months.
• Sale Price: $14.775 million
• Source: Herde, 2025b

Industrial – Eagle Farm

• Address: 344 Fison Avenue East, Eagle Farm QLD
• Details: BP Wharton Group acquired this 3,710 square metre General Industry B site with plans to deliver a strata industrial and showroom development under their SmartStores brand. Located adjacent to Merlo Coffee’s headquarters, the site benefits from surrounding amenity and industrial demand.
• Sale Price: $6.25 million plus GST
• Source: Herde, 2025d

Office – Milton

• Address: 23 Graham Street, Milton QLD
• Details: A dual-building office asset with 3,505 sqm NLA. Quanta Invest acquired the property with a four-year leaseback to ADCO Constructions. The acquisition forms part of Quanta’s new trust, with targeted annual distributions rising from 8.25% to 9.25% over five years.
• Sale Price: $21 million
• Source: Herde, 2025a

Hospitality – South Brisbane

• Address: The Plough Inn, Stanley Street Plaza, South Bank QLD
• Details: MA Redcape Hotel Fund acquired the leasehold of this iconic heritage-listed pub for approximately $40 million. The acquisition continues Redcape’s aggressive QLD hospitality expansion strategy, following over $250 million in recent regional pub purchases.
• Sale Price: Approx. $40 million
• Source: Herde, 2025a

Residential Development – Chambers Flat

• Address: 293–343 Holloway Road, 75–97 Sungold Road, and 22–32 Andrews Court, Chambers Flat QLD
• Details: A 13.9-hectare site acquired by Ausbuild with DA in place for a 141-lot residential subdivision. The deal reflects intensifying developer demand for shovel-ready land in Brisbane’s southern growth corridor amid population pressure.
• Sale Price: $40 million (approx. $283,688 per lot)
• Source: Herde, 2025e

Queensland Commercial Property Transactions: Summary Table (Week Ending 30 Oct 2025)

Lease Transactions

Source: The Courier-Mail, 2025 (unless otherwise noted)

General News

NAB Eyes HSBC’s Australian Retail Arm

NAB is in advanced talks to acquire HSBC’s Australian retail banking operations. Although HSBC’s business banking arm is not a current target, its $40 billion loan book—partly tied to commercial borrowers—could come under new stewardship or divestment. This development, if completed, may tighten lending channels or alter relationship banking dynamics for Queensland-based property investors.

Source: The Australian, 2025a

Commercial Property Impact:

• Potential restructuring of HSBC’s commercial loan book could affect borrowing terms for existing borrowers.
• Reduced competition in business lending might elevate borrowing costs for SMEs, particularly those active in light industrial, retail, or small office segments.
• Consolidation of banking services may push property developers and syndicators to diversify financing sources, including private credit and non-bank lenders.

Caravan Parking Crackdown – Street Storage Debate

Gold Coast and Sunshine Coast councils are pushing for a state-wide ban on long-term caravan parking on suburban streets. Under current Queensland legislation, trailers under 7.5 metres and 4.5 tonnes may legally remain parked indefinitely, but new resolutions at the Local Government Association of Queensland conference aim to close this loophole.

Source: Moore, 2025

Commercial Property Impact:

• Could trigger increased demand for commercial storage facilities—both short- and long-term—benefiting owners of warehousing and storage centres.
• Residential planning schemes may face review pressure to include space for recreational vehicle parking or enforce stricter street-use controls.
• Councils may increase enforcement budgets, influencing investment in mixed-use precincts where parking and land use are contentious.

APA References

Herde, C. (2025a, October 24). Leaseback seals deal. The Courier-Mail, Quiz, p. 65.

Herde, C. (2025b, October 24). Western corridor precinct on the up. The Courier-Mail, Quiz, p. 67.

Herde, C. (2025c, October 24). Leases. The Courier-Mail, Quiz, p. 67.

Herde, C. (2025d, October 24). Smart build on the cards at strata site. The Courier-Mail, Quiz, p. 66.

Herde, C. (2025e, October 24). Ausbuild swoops on mega ready to go housing site. The Courier-Mail, Quiz, p. 67.

Moore, A. W. (2025, October 25). You can’t park there: fighting in the streets. The Gold Coast Bulletin, p. 82.

The Australian. (2025a, October 30). NAB taps Macquarie Capital to buy HSBC loan business. The Australian, Business, p. 14.

The Courier-Mail. (2025, October 24). Leases. The Courier-Mail, Quiz, p. 67.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Week Ending 24 October 2025

Market Overview

Queensland’s commercial property sector continues to attract institutional and owner-occupier interest, with a strong performance in industrial, large format retail, and strata office assets. Key legal reforms – such as the Property Law Act 2023 (Qld) – are now in effect and reshaping how lease assignments and subletting are handled. Meanwhile, broader macro conditions and Olympic-driven investment are driving demand in urban and transport-linked nodes.

This Week’s Highlights

Deal Summary Table

Industrial & Logistics

• Kent Relocation Group has acquired a 3.39 ha greenfield industrial site at 38 Birdwood Cres, Redbank, for a future 9,000 sqm purpose-built facility (with container-rated hard-stand). The strategic location close to infrastructure and the south-east QLD customer base is cited as key.

• Gateway Capital, via its Industrial & Logistics Partnership, secured a 22,248 sqm logistics complex in Geebung from QIC for A$72.5 m. The asset is 91 % leased and located ~12 km north of Brisbane’s CBD in a core infill industrial node.

Retail & Large Format Retail (LFR)

• MA Financial is in advanced discussions to acquire the 44 ha+ Logan Hyperdome precinct (including home centre, village centre and development land) for a headline ~$678 m, at an initial yield of ~7 %. Plans include tenancy re-mix, activating dormant space (once occupied by Myer), and pursuing non-retail uses and surplus land sales.

Office / Strata Office

• A strata office floor (518 sqm) at Level 5, 344 Queen St, Brisbane (in the CBD’s Golden Triangle) sold for A$2.55 m (~$4,923 / sqm). The buyer, a local architecture firm, highlights the strength of owner-occupiers in the strata office market.

Other / Urban Mixed-Use

• A 515 sqm freestanding building at 5 Morse St, Newstead, leased to Urban Climb, was sold to a local private investor for $4.9M on a sub-5% yield. The site is code-assessable for 4 storeys.

Mixed-Use Development

• Broadway Projects QLD Pty Ltd lodged plans for its 93 Logan Rd, Woolloongabba site, which will restore the heritage-listed former Broadway Hotel and develop twin 24-level residential towers (282 units) behind.

• Mosaic Property Group purchased 91 Montague Rd, South Brisbane (a 4,282 sqm site) for ~$30 m, describing it as a “once-in-a-generation” riverfront site for a future luxury tower project.

General News

Illicit Tobacco Crackdown: Commercial Leasing Risks and Regulatory Shift

The Queensland Government has introduced draft legislation aimed at curbing illicit tobacco retailing, granting significant new powers to Queensland Health inspectors , including covert sting operations, lease disruption rights, and extended closure orders. Notably, the bill proposes (Elks, S. (2025,)):

• Closure orders: Illegal tobacco retailers may face long-term shutdowns.
• Lease termination rights: Landlords will be empowered , and in some cases obligated , to terminate commercial leases of offending tenants.
• Lessor penalties: Property owners who fail to act against known illegal operators may themselves be penalised.
• Oversight concerns: Civil liberties groups and the CCC have raised red flags over the absence of external authorisation or oversight mechanisms comparable to police covert operations.

Implications for commercial property:

• Retail landlords must intensify tenant due diligence and monitoring, particularly in convenience retail and strip shop settings.
• Shopping centre owners may face increased compliance exposure if illicit operators are discovered within their tenancy mix.
• Institutional landlords may re-evaluate their risk appetite for tobacco-aligned retail categories.

2032 Olympics Preparation: SEQ Infrastructure, Workforce & Policy Coordination

At a recent Future Brisbane roundtable hosted by The Courier-Mail (Riley, R. 2025) , industry leaders in transport, construction, tourism and development stressed that delivering the Brisbane 2032 Olympics legacy will require deep regional collaboration and immediate action in several key areas:

• Skills shortage: The construction pipeline far exceeds available local trades. Migration of skilled labour , including returning expats , is essential.
• TAFE and workforce reform: Reinvestment in vocational education is urgently needed to prevent dropout rates and support long-term infrastructure delivery.
• Licensing barriers: Queensland’s construction licensing regime is seen as an obstacle to attracting interstate and international workers due to lack of mutual recognition.
• Transport bottlenecks: Brisbane’s congestion is now worse than pre-2019 levels. Participants advocated for a major transport link akin to the Gateway Motorway to better connect the city’s north and west.
• Unified planning: Stakeholders urged SEQ’s 12 councils to adopt a “Brisbane City Region” approach to global promotion, procurement, and planning.

Implications for commercial property:

• Stronger long-term confidence in logistics, industrial and infrastructure-adjacent investment corridors.
• Retail and tourism sectors could see uplift in targeted precincts, but only if liveability and access issues are addressed.
• Developers may benefit from project approvals aligned with Olympic-related growth priorities, but delays due to labour shortages and regulatory lag remain a risk.

Final Take

This week shows Queensland’s commercial landscape is deepening in scale and maturity. Institutional buyers are entering, owner-occupiers remain active, and regulation is shaping the risk environment. Strategic site selection and compliance will be critical for success.

References

Elks, S. (2025, October 23). Tobacco stings: ‘it’s playing with fire’. The Australian, p. 7.

Herde, C. (2025, October 17). Firm had designs on CBD strata gem. The Courier-Mail, p. 68.

Herde, C. (2025, October 17). On the rise at Newstead. The Courier-Mail, p. 69.

O’Malley, B. (2025, October 17). New life for rundown old hotel. The Courier-Mail, p. 65.

Riley, R. (2025, October 17). Unity key for benefits from 2032 Games. The Courier-Mail, p. 1.

Smith, L. (2025, October 21). It’s a game changer. Townsville Bulletin, p. 9.

Wilmot, B. (2025, October 23). Manager plans centre overhaul. The Australian, p. 19.

Makinson d’Apice Lawyers. (2025). Important law changes affecting landlords of commercial property in Queensland – effective 1 August 2025. Retrieved from https://www.makdap.com.au

API Magazine. (2025, August 26). Boom times looming for Queensland’s commercial property market. Retrieved from https://www.apimagazine.com.au

The Australian. (2025, October 15). Gateway Capital buys QIC’s $72.5m Geebung logistics complex. Retrieved from https://www.theaustralian.com.au

The Australian. (2025). Draft legislation regarding illicit tobacco. Retrieved from https://www.theaustralian.com.au/nation/queenland-tobacco-sting-scheme-needs-safeguards/news-story/589edac927718d3e503d4094b4737385

The Courier-Mail. (2025). Brisbane 2032 infrastructure & legacy developments. Retrieved from https://www.couriermail.com.au/sport/brisbane-olympics-and-paralympics-2032/brisbane-2032-rail-roads-housing-upgrades-planned-as-venue-plan-locked-in/news-story/e240cbf53d77543cdd765e3ce6c0e957

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

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

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

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Weekly Wrap-Up Commercial transactions: Week Ending 10 October 2025

Market Overview

Queensland’s commercial property market remains buoyant with several high-value transactions finalised across the state. Notably, significant capital was deployed across regional cities such as Cairns and Townsville, while Brisbane and the Gold Coast saw continued strength in retail, industrial and mixed-use asset classes. Investor confidence appears to be returning, driven by stabilising interest rates, strong population growth, and continued infrastructure investment. Meanwhile, new legislation is set to reshape landlord and tenant obligations within specific retail sectors, and the hotel investment market has emerged as a rising opportunity amid shifting investor strategies.

This Week’s Highlights

Office

• Cairns Corporate Tower at 15 Lake Street, Cairns QLD 4870, sold for $77.5M, marking the largest commercial sale in North Queensland this year. The 15-storey asset was acquired by a local investor group from Garda Property Group via CBRE.
• In Brisbane, a vacant office building at 161 Brunswick Street, Fortitude Valley QLD 4006, sold off-market for $5M. The deal indicates a return of investor interest in inner-city office assets adjacent to the Olympic precinct.
• Townsville’s CBD recorded 20 sales totalling $50M in FY25 with growing investor interest in large office assets.

Retail & Large Format Retail (LFR)

• A freestanding retail asset at 232 Brisbane Road, Booval QLD 4304, leased to Baby Bunting and RSEA Safety, sold for $11.45M at a 6.25% yield. The campaign drew 189 enquiries and was marketed by JLL.
• A retail centre at 161 Old Pacific Highway, Oxenford QLD 4210, on the Gold Coast, sold for $4.65M on a 5.99% yield. The 1,019 sqm asset is fully leased to long-standing tenants from DuluxGroup and attracted strong pre-market interest.
• Townsville’s suburban retail market recorded $330 million in total sales over the past year, a significant increase compared to the previous financial year. This surge was largely driven by the landmark $212 million acquisition of Willows Shopping Centre at 13 Hervey Range Road, Kirwan. Notably, six retail assets transacted above $5 million this year, compared to just one such transaction in the prior year, highlighting renewed investor interest and growing confidence in the region’s retail sector.

Industrial & Logistics

• A freestanding industrial property at 268 South Pine Road, Enoggera QLD 4051, held for 50 years, sold for $5.85M at a 5.14% yield following a highly competitive EOI campaign by Raine & Horne.
• In Ipswich, Centennial’s Riverview Industrial Park (103 Riverview Road, Riverview QLD 4303) received development approval for its 12ha site. Stage one construction will begin next month. The site was acquired in 2023 for $38.5M and targets tenancies under 10,000 sqm.
• On the Gold Coast, Currumbin Collective, a boutique 11-unit industrial project at 38–40 Currumbin Creek Road, Currumbin Waters QLD 4223, by Potter Group launched to strong demand, securing $5.5M in early sales.

Mixed-Use Development

• A 11.63ha mixed-use site on Gilston Road, Nerang QLD 4211, has hit the market with an approved masterplan for a residential and town centre development. Marketed as one of the last major land parcels on the central Gold Coast, the site is expected to generate broad developer interest.

General News

Hotel Sector in Focus: A recent AFR report highlights the hotel sector as a key growth opportunity in commercial property investment, driven by post-COVID travel recovery, new international flight routes, and hotel acquisitions trading below replacement cost. Brisbane and SEQ are noted as high-growth areas due to Olympic tailwinds.

Legislation Watch – Tobacco Reform Bill 2025: The Tobacco and Other Smoking Products (Dismantling Illegal Trade) Bill 2025 introduces new penalties and powers impacting property leasing. Landlords may now terminate leases under closure orders and face penalties for knowingly allowing illegal tobacco sales. This heightens risk for retail landlords and underscores the need for rigorous tenant screening and lease compliance.

Summary

Final Take

This week’s activity underscores continued depth in Queensland’s commercial market, with regional cities like Cairns and Townsville showing exceptional strength, particularly in office and retail sectors. Investor appetite remains robust across most asset classes, supported by macroeconomic stability, constrained supply, and strategic infrastructure development. Legislative reform and sectoral shifts (notably in hotels and tobacco retail) will require proactive engagement from landlords and managers to mitigate risk and capture value.

References

Carruthers, P. (2025, October 7). Corporate tower sold at sky-high price. The Cairns Post, p. 1.

Herde, C. (2025a, October 3). Investors back in game. The Courier-Mail, p. 61.

Herde, C. (2025b, October 3). Southern interest soars. The Courier-Mail, p. 57.

Herde, C. (2025c, October 3). Quality tenants seal deal. The Courier-Mail, p. 62.

Potts, A. (2025, October 7). ‘Mini-city’ land sale. The Gold Coast Bulletin, p. 5.

Queensland Government. (2025). Tobacco and Other Smoking Products (Dismantling Illegal Trade) and Other Legislation Amendment Bill 2025. Retrieved from https://www.legislation.qld.gov.au/view/html/bill.first/bill-2025-031/lh

Shirkie, D. (2025). Townsville is hot property. Townsville Bulletin, p. 4.

Tamblyn, S. (2025, October 4). The property sector that may be in a sweet spot: Investing. The Australian Financial Review, p. 28.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

QLD Commercial Property Weekly Wrap-Up

Week Ending: 3 October 2025

Market Overview

Queensland’s commercial property market remains resilient, underpinned by infrastructure investment, legal reform, and strategic repositioning.

The 2025–26 Queensland Budget includes $29.3 billion in capital works, with $9.26 billion for transport and $3.67 billion for health infrastructure, driving new growth around key corridors such as the Gold Coast Faster Rail and Sunshine Coast Wave Corridor (Queensland Treasury, 2025; Property Council of Australia, 2025).

Legal reform via the Property Law Act 2023 is also impacting commercial leases, requiring updates to documentation and notification practices (Ensure Legal, 2025). Investor focus remains on value-add assets in undersupplied and high-demand locations (API Magazine, 2025).

This Week’s Highlights

Retail & Neighbourhood Centres

North Ward Shopping Village, 26–28 Mitchell Street, North Ward, Townsville
Listed via Expressions of Interest, this neighbourhood centre includes 23 specialty stores anchored by Coles and McDonald’s. The property also includes adjacent retail along Eyre Street. CBRE is reporting strong investor interest due to the high trading performance of the anchors (Smith, 2025).

Service Stations

Chevron/Caltex Service Station, 43 Queen Elizabeth Drive, Berserker, Rockhampton
Sold for $5.6 million. The site spans 1,733 sqm and includes a secondary retail tenancy. Chevron holds a 15-year lease through to December 2030, with a yield of 7.67%. High visibility and a full net lease make this a secure regional investment (Herde, 2025).

Mixed Use, Retail

Bundall Retail & Dining Complex, 130 Ashmore Road, Bundall, Gold Coast
Sold at auction for $13.4 million. The precinct includes Bambino’s Italian Restaurant, a BP service station, and several other commercial tenancies. The tightly held site attracted eight bidders and over 100 enquiries (Potts, 2025).

Industrial, Office-Warehouse

22 Gore Street, Albion, Brisbane
Acquired off-market for $4.5 million by Underground Holdings. The 840 sqm building sits on an 810 sqm site and includes basement parking. The property will undergo refurbishment prior to leasing. It adjoins the buyer’s other holding at 9–19 Bimbil Street, purchased earlier this year (Herde, 2025).

Leasing & Office Market Activity

Energy Queensland Headquarters Search

Currently located at Energex House, 26 Reddacliff Street, Newstead, Energy Queensland is seeking 16,000–18,000 sqm of A-grade office space with a target move-in by 2030. Potential new developments under consideration include:

• North Tower, Waterfront Brisbane, 1 Eagle Street (Dexus)
• 60 George Street, Brisbane (Charter Hall, proposed)
• Edward Street Heritage Project, Brisbane CBD (JGL Properties)

(Herde, 2025)

Queensland Building and Construction Commission (QBCC)

Will relocate into 80 Ann Street, Brisbane CBD, occupying 4,200 sqm across two floors in space formerly leased by Suncorp (Herde, 2025).

Australian Federal Police (AFP)

Is searching for a new Brisbane CBD office to replace its current tenancy at 45 Commercial Road, Newstead (Herde, 2025).

ANZ Bank

Is reportedly in the market for 12,000–15,000 sqm of Brisbane CBD office space. The requirement is tied to its broader Queensland strategy, including a future tech hub (Herde, 2025).

Flight Centre

Will remain in its existing headquarters at 275 Grey Street, South Brisbane, following an internal review (Herde, 2025).

General News

Vertical Intensification and Airspace Rights

Airspace development is emerging as a viable strategy for commercial property owners. Rooftop airspace can now be leased or sold for development of residential, recreational or commercial uses, unlocking value from otherwise unused space (Johnson, 2025).

Commercial Implications:

• Enables vertical additions on office and retail assets.
• Facilitates capital works through shared profit models.
• Complexity around planning and tax requires structured advisory.

SMSF Investment Strategy Risks

A financial modeller found that SMSF property investment may underperform standard superannuation strategies by over $1 million over 15 years, largely due to high entry costs, limited leverage, and tax inefficiencies (Neil, 2025).

• Commercial SMSF strategies may still suit business owner-occupiers or those with large balances.

Planning Conflict – “The Hills”, Ashmore

Churchill Development Group’s proposed project at 5–9 Reed Street, Ashmore, has drawn community objection. The plan includes three towers (one 10-storey, two 7-storey) with over 210 apartments and 1,420 sqm of commercial and retail space. The former Ashmore Seafood and Steakhouse site has been vacant since 2022. A decision by Gold Coast City Council is unlikely before 2026 (Potts, 2025).

Final Take

This week’s activity highlights several persistent themes:

• Strong demand for secure, income-producing assets in retail and fuel sectors.
• CBD and fringe leasing activity led by large occupiers is reshaping Brisbane’s office pipeline.
• Airspace and intensification strategies are gaining traction amid land scarcity.
• Planning tensions and regulatory shifts continue to shape project feasibility.
• Budget-led infrastructure spend is reshaping growth corridors with long-term commercial upside.

References

API Magazine. (2025, September 25). Boom times looming for Queensland’s commercial property market. https://www.apimagazine.com.au

Ensure Legal. (2025, September 26). Queensland commercial leasing update 2025. https://ensurelegal.com.au

Herde, C. (2025, September 26). Consolidation in frame. The Courier-Mail, p. 60.

Herde, C. (2025, September 26). Rocky service station deal pumps fuel sector market. The Courier-Mail, p. 61.

Herde, C. (2025, October 1). State government-owned Energy Queensland is on the lookout for new headquarters. The Courier-Mail, City Beat. https://www.couriermail.com.au/business/citybeat/state-governmentowned-energy-queensland-is-on-the-lookout-for-new-headquarters/news-story/d2585e955a640efc3d8de7451ac7175f

Johnson, R. (2025, October 1). What you need to know about the space above your home. Money Magazine Australia, p. 4.

Neil, M. (2025, September 30). Buying real estate with an SMSF may be ‘a million-dollar mistake’. The Australian, p. 28.

Potts, A. (2025, September 26). $13m Bundall bonanza. The Gold Coast Bulletin, p. 55.

Potts, A. (2025, September 26). Tower outrage: Calls for council to refuse project. The Gold Coast Bulletin, p. 1.

Property Council of Australia. (2025, June 14). QLD Budget: Record infrastructure funding and housing initiatives. https://www.propertycouncil.com.au

Queensland Treasury. (2025, June 13). Queensland Budget 2025–26: Capital Statement (Budget Paper 3). https://budget.qld.gov.au

Smith, L. (2025, September 25). North Ward shop village hits market. Townsville Bulletin, p. 8.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Queensland Commercial Property Weekly Wrap-Up

Week Ending 25 September 2025

Market Overview

The Queensland commercial property market remains resilient with key movements in the Brisbane CBD office and development sectors, alongside rising challenges in the industrial and insurance spaces. Southern institutional capital continues to shape Brisbane’s skyline while infrastructure upgrades and policy gaps highlight emerging priorities for the property sector.

This Week’s Highlights

Office

69 Robertson Street, Fortitude Valley, QLD 4006 , Boutique Office Acquired for $8M

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).

Level 2, 46 Edward Street, Brisbane City, QLD 4000 , CBD Strata Office Sells at 5.25% Yield

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).

Industrial & Logistics

Unit 6, 59,63 Eastern Road, Browns Plains, QLD 4118 , Leased to Local Carpenter

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.

General News

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.

Commercial Insight: Improved transit access enhances CBD office attractiveness, particularly for assets near King George Square and North Quay. This may support stronger tenant retention and premium leasing rates over time.

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.

Commercial Insight: Commercial properties in low-lying and creek-adjacent areas are expected to see elevated insurance premiums. Owners should assess flood exposure and budget accordingly for increased holding costs.

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).

Commercial Insight: Major mixed-use developments like this increase pressure on remaining CBD commercial land and elevate the profile of the North Quay precinct.

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.

Commercial Insight: The concentration of ownership by southern funds confirms Brisbane’s status as a Tier-1 office market, likely to see increasing institutional capital and rising competition for core assets.

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.

Commercial Insight: Religious organisations play a growing role in Queensland’s commercial landscape. Their ability to acquire and retain high-value CBD and suburban properties reflects not only long-term investment strategies but also competition with private sector players for core real estate assets.

Final Take

This week highlights growing demand-side confidence from both interstate investors and tenants, driven by infrastructure gains and robust economic outlooks. Yet supply constraints , particularly in industrial land and insurable locations , remain key headwinds. With institutional capital entrenching its stake in Brisbane and new mega-projects reshaping the skyline, the focus now shifts to ensuring policy and infrastructure keep pace with rapid growth.

References

• Herde, C. (2025, September 25). Picture perfect sale. The Courier-Mail.
• Herde, C. (2025, September 25). Locale and tenant yield healthy deal. The Courier-Mail.
• Mulveney, M. (2025, September 24). Pedestrians stream through Brisbane CBD bus tunnel ahead of official opening. The Courier-Mail (Online).
• O’Malley, B. (2025, September 19). Right up there with the best. The Courier-Mail.
• O’Malley, B. (2025, September 22). Thousands more in the firing line as new Brisbane flood maps released. The Courier-Mail.
• Stolz, G., & Pierce, J. (2025, September 21). A city pub, offices, mansions, farms and shops: Houses of the holy. The Courier-Mail.
• The Courier-Mail. (2025, September). Industrial land loss in Brissie. The Courier-Mail.
• The Courier-Mail. (2025, September). Inside Brisbane’s skyline: Who owns CBD towers. The Courier-Mail.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

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