Brisbane Commercial Property News

Australians as they start their summer breaks are asking when or even if they will make a return to their traditional desks 9-5 next year.

Property group Dexus is backing an office recovery in the Queensland capital as it has advanced plans for a $2.1 bilion overhaul of the Eagle Street Pier and Waterfront Place precinct into a major twin tower office and leisure development.

Investors have snapped up a Dan Murphy’s, Starbucks, Red Rooster, KFC, Hungry Jack’s and McDonald’s in auctions totalling $160 million.

A string of pub sales over the past six weeks valued at more than $170 million has proven the sector’s strength after coronavirus lockdowns.

A 90-year-old inner-Brisbane soft drink factory is set to be transformed.

More than a million commuters will be absent from CBDs across Australia’s capital cities as working from home emerges as one of the biggest social shifts due to the COVID-19 pandemic.

The listed Dexus and Canada’s CPP Investment Board are looking to offload Brisbane’s $300m Gold Tower in the city’s largest office sale of the year.

Singapore-based ARA LOGOS Logistics Trust has confirmed that Australia’s industrial property boom is running hot by snapping up a $S404.4m ($418m) parcel of properties along the east coast.

The chronic lack of hotel guests, and plunging room and occupancy rates, are not deterring Asian investors from pursuing city hotels, judging by recent purchases in Sydney and Brisbane.