QLD

As Queensland prepares for the Brisbane 2032 Olympic and Paralympic Games to generate $8.1 billion in economic and social benefit and the populations to reach almost 6.5 million by 2036, the regions are expected to boom as southern states and international migrations flows to our regions.

Mirvac has lodged plans for a $670-million commercial tower in Brisbane’s CBD, a 29-storey, A-grade office tower across an amalgamated site fronting Turbot Street.

Driven by growth in demand for industrial, Goodman and joint venture partner, Brickworks, have commenced construction of a new 16,870 square metre purpose-built service centre facility for CHEP, a global leader in packaging solutions, at Rochedale Motorway Estate.

Australian Unity Office Fund is pleased to announce the acquisition of a brand new, A-Grade office building at 96 York Street, Beenleigh, Queensland for $33.52 million (excluding acquisition costs), representing a capitalisation rate of 5.75%.

The HomeCo Daily Needs REIT has agreed terms to acquire the Town Centre, Victoria Point in Queensland for $160m, representing a 4.75% yield.

Charter Hall Group (Charter Hall or the Group) has today announced that the Charter Hall Prime Office Fund (CPOF) has acquired the remaining 50 per cent stake of 275 George Street in Brisbane from Keppel REIT, taking its ownership of the building to 100 per cent.

DHPF has acquired Spring Hill Medical Centre at 525 Boundary Street, Spring Hill and Herston Car Park at 43 Butterfield Street, Herston from Silverstone Developments

Centuria Industrial REIT has completed an $18.1million Prime-Grade industrial facility within the Greater Brisbane Western Corridor.

ESR Australia (ESR) has secured the first two anchor tenants at its newly acquired site, Acacia Ridge Business Park, with Food Packaging Australia (FPA) and SPAR Australia (SPAR), signing long-term leases of seven and 10-years, respectively.

Cromwell has agreed terms to sell an Ipswich Office building to Castlerock for $145,2m as it winds up a single asset investment syndicate.

Singapore's listed Ascendas REIT has sold 3 industrial assets in Australia in a $125m deal.

Saab Australia (Saab) turned the first sod on its Queensland expansion and the establishment of a significant facility at Citiswich that will become the base of operations for support of the Australian Defence Force (ADF) deployable health capability (DHC) program (JP2060).

Pellicano Living, the residential platform for Pellicano, has commenced construction on its next build-to-rent project Perry House; a $41-million, 77-apartment project due for completion in Q3 2022.

US based Hines group has finalised terms with ESR to acquire the State Law Building at 50 Ann Street Brisbane for $210m.

GARDA Property Group has executed unconditional contracts to acquire three industrial development properties in Brisbane worth $30m.