Brisbane Commercial Property News

German supermarket giant Kaufland is ramping up its rapid Australian expansion, announcing a third Queensland store just weeks after revealing the locations of two others.

The listed Cromwell Property Group has finalised the largest property investment in Brisbane this year, buying a George Street office block from US private equity group Blackstone and German group HSBC Trinkaus for $524.75 million.

The listed Centuria Metropolitan REIT is preparing to sell an office complex in Brisbane’s north for about $85 million as it seeks larger opportunities.

It may be over 16,000km from the traditional home of lederhosen, pork knuckles and beer steins, but this sprawling property offers a bit of Bavaria south of Brisbane.

Brisbane’s riverside is set for a facelift, with Queensland developer Don O’Rorke unveiling a $850 million urban regeneration master plan for the area.

A series of international architects have been short-listed to design Cbus Property’s second commercial office project in Brisbane’s CBD at 205 North Quay.

Property funds company Charter Hall is keen to lock in its top status in prime logistics real estate by looking to buy the Crestmead Distribution Centre in Brisbane for about $180 million.

Lendlease’s wholesale Australian Prime Property Fund Commercial is weighing up joining the rush of investors lifting their exposure to Brisbane’s office market with a move to take control of the Central Plaza 2 complex in a move that would value it at about $400 million.

A newly redeveloped Bunnings freehold in Lawnton, about 21 km north of Brisbane CBD, is shaping as one of the most keenly sought-after commercial property opportunities of 2019.