​​$38M Deal Could Deliver 225 New Homes as Urbex Secures Rare Logan Greenfield Site​

​​Competitive off-market campaign sees more than 15 formal offers for 15.75-hectare site in one of Queensland’s fastest-growing LGAs

Urbex has acquired a 15.75-hectare residential development site in Park Ridge in Logan, pending approval for 225 lots, for $38,000,000, in an off-market transaction that highlights the strong demand for quality landholdings in South East Queensland. 

Transacted via an off-market, invitation-only expression of interest campaign by Colliers residential experts Brendan Hogan, Adam Rubie and Kristian Brymora on behalf of CFMG Capital, the property at 95-103, 105-115 & 117-127 Koplick Road, Park Ridge attracted more than 15 formal offers.  

Urbex National Acquisition Manager Nic Gilbert said: “This marks Urbex’s second development within the catchment and is perfectly aligned to our SEQ acquisition strategy. We have a strong appetite to secure development opportunities in high-growth areas throughout SEQ.” 

Urbex General Manager Carl Bruhn said: “With the support of the BMD Group’s integrated business model, Urbex unites planning, design, construction and sales under one roof. This seamless approach allows us to fast-track land delivery — a crucial advantage in addressing the nation’s housing crisis.” 

Colliers Residential Director Brendan Hogan said demand for development sites remained high, with buyer interest driven by undersupplied housing pipelines and continued confidence in long-term population growth and development in South East Queensland. 

“The campaign’s result reflects the continued strength and price growth of the Logan market, underpinned by continuing demand from developers looking to secure land in this rapidly evolving region,” Brendan Hogan said 

“In a market where demand continues to outstrip supply, sites of this quality in South East Queensland are increasingly hard to find, and the number of offers we saw is proof of just how highly they’re valued.” 

Colliers Residential Development Site Director Adam Rubie said there had been strong growth in land values across Logan, with recent sales setting new price benchmarks. 

“Despite broader market headwinds, strategic development opportunities in growth corridors like Logan offer excellent fundamentals, with Urbex perfectly placed to fast track delivery,” Adam Rubie said. 

“Brisbane is now recognised as having the best growth prospects of any capital city due to the massive public and private investment in infrastructure and major projects underway.” 

The transaction comes as South East Queensland faces an urgent need for additional housing supply, with forecasts indicating 34,500 new dwellings are required annually to meet ongoing population growth. 

Colliers Residential Site Sales Executive Kristian Brymora said the acquisition came at a time when Brisbane was experiencing strong population growth, with Brisbane’s vacancy rate sitting at just one per cent. 

“The sale underscores the confidence developers have in the growing Logan area as one of the fastest-growing local government areas in Queensland and the scarcity of quality sites within proximity to key infrastructure,” Kristian Brymora said.