Brisbane Commercial Property News

If you’ve always wanted to be royal, you could own a title dating back to 1888 though it may not be quite what you expect.

It’s all happening in the sunshine state, with the sheer variety of commercial property types topping our list of the week’s most viewed Queensland properties a telling insight into just how widely investor tastes run. …

Brisbane pub The Elephant Hotel has been snapped up by a Sydney-based operator as the sunshine state continues to be a hit among investors hailing from the south.

Lendlease has offloaded its co-owned office tower in the heart of Brisbane’s CBD to German investment firm Deka Immobilien Investments for $380 million.

Office property heavyweight Dexus will press ahead with a $2 billion-plus twin tower proposal on Brisbane’s Eagle Street Pier site, with the new precinct signalling its confidence in the Queensland capital.

Brisbane’s rise to become one of the country’s most active office markets has been confirmed with local group Prime Super and advisor Whitehelm Capital swooping on an Adelaide Street tower for more than $150 million.

Commercial property transactions are on track to top last year’s record annual total of $37.8 billion, as volumes are driven higher by ever-larger portfolio deals and a slew of big-ticket individual transactions.

The dual-listed Investec Australia Property Fund has capitalised on the heat in Brisbane’s office tower market, offloading an Ann Street tower for $94m to a new entrant into Australia.

Brisbane property developers are not shying away from challenging restoration projects, transforming once run down and decrepit historic homes, ice cream factories, dairy farms and even a mortuary.