Queensland Commercial Property Market Wrap – Week Ending 10 July 2025
The Queensland commercial property market continued to show resilience and strategic momentum in the week ending 10 July 2025. Major office and retail assets changed hands, landmark development sites were secured, and investor confidence held strong across Brisbane, the Gold Coast, and regional centres. Meanwhile, sweeping legal reforms and infrastructure pressures added new layers of complexity for buyers, sellers, and landlords alike. Here’s a breakdown of the key transactions and updates shaping the state’s real estate landscape this week.
OFFICE
Green Square South Tower, Fortitude Valley
Sentinel Property Group acquired the A-grade Green Square South Tower in Brisbane’s Fortitude Valley for $132.01 million. The fully leased office building spans 17,618 sqm and is home to Brisbane City Council. The acquisition follows an $86.1 million capital raise and is part of the newly created Sentinel Games Precinct Trust. This is the first office sale exceeding $100 million outside the CBD since 2022.
73 Mary Street, Gympie
A fully leased commercial office building in Gympie sold for $1.05 million, reflecting a 7.5% net yield. The property houses three secure tenants: Brown Jug Café, H&R Block, and A Beautiful You salon. Located in a high-traffic area, it delivers a net income of $87,639 per annum.
Brisbane Technology Park Portfolio, Eight Mile Plains
Funds manager Corval is set to acquire seven office and mixed-use properties in Brisbane Technology Park for $115.2 million. The assets include laboratories, childcare, café, warehousing, and vacant land. The passing yield is 7.7%, with potential to hit 10.1% at full occupancy. The deal will seed the Corval BTP Trust.
514 Sturt Street, Townsville (Former Suncorp Building)
Explore Property signed a three-year lease on a prominent CBD office space as part of its regional headquarters expansion. The building will serve as a training and operations hub for the agency’s growing franchise network across Queensland.
LAND & DEVELOPMENT
47 Skyring Terrace, Newstead (Brisbane)
Consolidated Properties Group purchased this absolute riverfront site for $64.5 million in an off-market deal. The 9368 sqm site is zoned for mixed use and allows for up to 42,000 sqm of floor space and a 25-storey height limit. The group plans to deliver a premium apartment project.
Burly Residences, North Burleigh (Gold Coast)
Developer David Devine secured $380 million in funding from MA Financial Group and Warburg Pincus to complete the $540 million Burly Residences beachfront apartment tower. The 25-storey development is due for completion in 2027.
General News
Queensland’s Property Law Shake-Up
From 1 August 2025, Queensland will enact sweeping reforms under the Property Law Act 2023. A mandatory seller disclosure regime will require sellers to provide detailed property documents before contract signing, shifting risk and responsibility to vendors. Legal experts advise sellers to engage solicitors to avoid potential contract termination due to inaccurate or missing disclosures.
References
-
Herde, C. (2025, July 6). Tower on the money. The Courier-Mail, 67.
-
Wilmot, B. (2025, July 6). Dexus trust offloading Brisbane tech park. The Australian, 20.
-
Herde, C. (2025, July 6). Quality shopping centre lures Brisbane investors. The Courier-Mail, 67.
-
Carruthers, P. (2025, July 6). Group splurges on shops. The Cairns Post, 13.
-
Smith, L. (2025, July 8). Building on solid ground. Townsville Bulletin, 18.
-
Realcommercial.com.au. (2025, July 5). 73 Mary Street, Gympie QLD 4570 [Property Listing].
-
Herde, C. (2025, July 6). Plans for riverfront gem. The Courier-Mail, 68.
-
The Australian. (2025, July 9). Seller disclosed. The Australian.
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
