Queensland
BRISBANE AIRPORT - $61.35 million
Centennial, in partnership with Phoenix Property Investors, has acquired a 15.4ha freehold site at 142 Marine Drive, Brisbane Airport, for $61.35 million — the last large-scale developable freehold parcel in the northern Australia TradeCoast precinct.
The deal was managed by Michael Callow and Dan Munnich of CG Property, alongside Cushman & Wakefield’s Myles Fredericksen and Morgan Ruig.
The site will be developed into a multi-tenanted, institutional-grade logistics estate with 40,570sqm of GLA and 3.4ha of hardstand, delivering an estimated end value of ~$240 million. Civil works will begin post-settlement, with construction slated for early 2026.
Centennial Joint MD Paul Ford said the acquisition capped a two-year pursuit, reflecting the scarcity of freehold land in the TradeCoast precinct. Phoenix Partner Trent Winduss added that the investment underscores strong global demand for inner-urban logistics, marking the seventh deal in Phoenix’s US$1.2b opportunistic fund series.
BRISBANE CITY - $52 million
Marquette Properties has acquired QIC’s 63 George Street office tower in Brisbane for $52 million, expanding its CBD footprint following the purchase of nearby 41 George Street last year.
The sale was negotiated by CBRE’s Peter Chapple, Jack Morrison, and Bruce Baker after a competitive EOI campaign.
The 10,586 sqm office tower is fully leased to the State of Queensland until April 2029 and sits on a 1,750 sqm landholding with flexible PC1 zoning, allowing for future residential, hotel, or commercial redevelopment up to 274 metres (STCA).
Managing Director Toby Lewis said the property’s location and potential complement Marquette’s live PBSA project with Dexus, positioning the group to contribute to Brisbane’s transformation ahead of the 2032 Olympics. CBRE noted the secure government-backed income and redevelopment upside drove strong buyer interest.
PINKENBA - $31.8 million
CG Property Group’s Dan Munnich and Michael Callow have negotiated the $31.8 million sale of a major industrial holding at 100–104 Main Beach Road, Pinkenba, reflecting a 5.98% net yield.
The 40,468 sqm TradeCoast site, occupied by Manheim, includes a high-bay warehouse, office accommodation, and extensive concrete and blue rock hardstand. The successful purchaser, Cosgrove Group, was attracted by the site’s low coverage and prime position within Brisbane’s key logistics hub.
The on-market campaign generated strong competition from institutional funds, syndicators, and private investors. CG Property noted Pinkenba is seeing unprecedented activity as buyers position ahead of the infrastructure boom leading into the 2032 Olympics.
Centennial, in partnership with Phoenix Property Investors, has acquired a 15.4ha freehold site at 142 Marine Drive, Brisbane Airport, for $61.35 million — the last large-scale developable freehold parcel in the northern Australia TradeCoast precinct.
The deal was managed by Michael Callow and Dan Munnich of CG Property, alongside Cushman & Wakefield’s Myles Fredericksen and Morgan Ruig.
The site will be developed into a multi-tenanted, institutional-grade logistics estate with 40,570sqm of GLA and 3.4ha of hardstand, delivering an estimated end value of ~$240 million. Civil works will begin post-settlement, with construction slated for early 2026.
Centennial Joint MD Paul Ford said the acquisition capped a two-year pursuit, reflecting the scarcity of freehold land in the TradeCoast precinct. Phoenix Partner Trent Winduss added that the investment underscores strong global demand for inner-urban logistics, marking the seventh deal in Phoenix’s US$1.2b opportunistic fund series.
BRISBANE CITY - $52 million
Marquette Properties has acquired QIC’s 63 George Street office tower in Brisbane for $52 million, expanding its CBD footprint following the purchase of nearby 41 George Street last year.
The sale was negotiated by CBRE’s Peter Chapple, Jack Morrison, and Bruce Baker after a competitive EOI campaign.
The 10,586 sqm office tower is fully leased to the State of Queensland until April 2029 and sits on a 1,750 sqm landholding with flexible PC1 zoning, allowing for future residential, hotel, or commercial redevelopment up to 274 metres (STCA).
Managing Director Toby Lewis said the property’s location and potential complement Marquette’s live PBSA project with Dexus, positioning the group to contribute to Brisbane’s transformation ahead of the 2032 Olympics. CBRE noted the secure government-backed income and redevelopment upside drove strong buyer interest.
PINKENBA - $31.8 million
CG Property Group’s Dan Munnich and Michael Callow have negotiated the $31.8 million sale of a major industrial holding at 100–104 Main Beach Road, Pinkenba, reflecting a 5.98% net yield.
The 40,468 sqm TradeCoast site, occupied by Manheim, includes a high-bay warehouse, office accommodation, and extensive concrete and blue rock hardstand. The successful purchaser, Cosgrove Group, was attracted by the site’s low coverage and prime position within Brisbane’s key logistics hub.
The on-market campaign generated strong competition from institutional funds, syndicators, and private investors. CG Property noted Pinkenba is seeing unprecedented activity as buyers position ahead of the infrastructure boom leading into the 2032 Olympics.
New South Wales
GRIFFITH - $50 million
HTL Property has announced the landmark sale of the Gem Hotel in Griffith, setting a new record for regional pub transactions. The sale price was in line with pre-marketing guidance, reflecting the asset’s reputation as one of the most profitable hospitality venues in regional New South Wales.
Vendor Jim Knox divested the flagship Riverina asset through a highly competitive on-market process, with the successful purchaser confirmed as renowned publican and former Australian rugby international Bill Young. This marks Young’s first regional hotel acquisition, adding to his Sydney pub portfolio and beef cattle operations.
The 2,547 sqm CBD site is considered Griffith’s premier hospitality property. The campaign was exclusively negotiated by HTL Property’s Xavier Plunkett and Andrew Jolliffe, who highlighted the unprecedented interest generated by the offering.
RAYMOND TERRACE - $44.1 million
Panthera Group has sold the Terrace Central Shopping Centre in Raymond Terrace, NSW, for $44.1 million as retail sector activity continues to build. The sale price reflects a 6.37% passing yield.
The 6,978 sqm centre, anchored by Woolworths and BWS on new 10-year leases through to 2032, occupies a substantial 17,453 sqm freehold site in the Hunter Region, 27km north of Newcastle. Woolworths recently committed to a refurbishment and continues to pay percentage rent, with sales exceeding turnover thresholds.
The property was secured by Argus Property Partners following a competitive campaign coordinated by CBRE’s James Douglas and James Sherley, together with Savills’ Steve Lerche.
GRIFFITH - $50 million
HTL Property has announced the landmark sale of the Gem Hotel in Griffith, setting a new record for regional pub transactions. The sale price was in line with pre-marketing guidance, reflecting the asset’s reputation as one of the most profitable hospitality venues in regional New South Wales.
Vendor Jim Knox divested the flagship Riverina asset through a highly competitive on-market process, with the successful purchaser confirmed as renowned publican and former Australian rugby international Bill Young. This marks Young’s first regional hotel acquisition, adding to his Sydney pub portfolio and beef cattle operations.
The 2,547 sqm CBD site is considered Griffith’s premier hospitality property. The campaign was exclusively negotiated by HTL Property’s Xavier Plunkett and Andrew Jolliffe, who highlighted the unprecedented interest generated by the offering.
RAYMOND TERRACE - $44.1 million
Panthera Group has sold the Terrace Central Shopping Centre in Raymond Terrace, NSW, for $44.1 million as retail sector activity continues to build. The sale price reflects a 6.37% passing yield.
The 6,978 sqm centre, anchored by Woolworths and BWS on new 10-year leases through to 2032, occupies a substantial 17,453 sqm freehold site in the Hunter Region, 27km north of Newcastle. Woolworths recently committed to a refurbishment and continues to pay percentage rent, with sales exceeding turnover thresholds.
The property was secured by Argus Property Partners following a competitive campaign coordinated by CBRE’s James Douglas and James Sherley, together with Savills’ Steve Lerche.
Victoria
WERRIBEE - $7 million
A Malaysian-based investor has acquired a flagship childcare centre in Werribee for $7.071 million, following a competitive expressions of interest campaign. The deal was brokered by CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto, and Jimmy Tat.
Located at 24 Scotsburn Grove, the 2024-built centre is leased to Explorers Early Learning, a leading private childcare operator. The campaign generated strong interest, with over 80 enquiries and four competitive offers.
Strategically positioned in a growth corridor, Werribee’s population is forecast to rise by 60% over the next 20 years, with more than 15,000 new dwellings expected — ensuring sustained demand for high-quality childcare services.
DANDENONG - Undisclosed
A building in Melbourne’s southeast that was purpose-built for the long-standing tenant, the Family Court of Australia, has sold in an off-market deal.
The property at 53-55 Robinson Street in Dandenong, which consists of a fully refurbished, modern three-level building with 2,729 sqm of net lettable area and a basement car park on a 2,371 sqm site, was purchased by a local investor at a yield of 6.4%.
The off-market sale was negotiated by Knight Frank's Tom Ryan, Nick Bisset and Paul Lillis in conjunction with Lachlan Devine of Charter Keck Cramer as acquisition manager.
WERRIBEE - $7 million
A Malaysian-based investor has acquired a flagship childcare centre in Werribee for $7.071 million, following a competitive expressions of interest campaign. The deal was brokered by CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto, and Jimmy Tat.
Located at 24 Scotsburn Grove, the 2024-built centre is leased to Explorers Early Learning, a leading private childcare operator. The campaign generated strong interest, with over 80 enquiries and four competitive offers.
Strategically positioned in a growth corridor, Werribee’s population is forecast to rise by 60% over the next 20 years, with more than 15,000 new dwellings expected — ensuring sustained demand for high-quality childcare services.
DANDENONG - Undisclosed
A building in Melbourne’s southeast that was purpose-built for the long-standing tenant, the Family Court of Australia, has sold in an off-market deal.
The property at 53-55 Robinson Street in Dandenong, which consists of a fully refurbished, modern three-level building with 2,729 sqm of net lettable area and a basement car park on a 2,371 sqm site, was purchased by a local investor at a yield of 6.4%.
The off-market sale was negotiated by Knight Frank's Tom Ryan, Nick Bisset and Paul Lillis in conjunction with Lachlan Devine of Charter Keck Cramer as acquisition manager.
Western Australia
ELLENBROOK - $6 million
A key convenience retail asset in Ellenbrook, WA, has sold for $6.032 million to a NSW-based private investor, achieving a sharp 5.96% yield — the tightest recorded for a WA 7-Eleven since 2017. The transaction was managed by Beau Coulter and Jamie Perlinger of Burgess Rawson, in conjunction with Rob Selid from Burgess Rawson WA.
The property, at the corner of Main Street and Pinaster Parade, is underpinned by a brand-new 12-year lease to 7-Eleven commencing in 2025, with options to 2057. It generates approximately $360,000 net per annum, with the tenant covering outgoings including land tax and insurance, and annual CPI rent reviews in place.
Situated on a 2,796 sqm landholding with a 248sqm building and 12 car spaces, the asset benefits from a prime high-traffic location opposite Ellenbrook Secondary College and near Ellenbrook Shopping Centre. With the City of Swan’s population forecast to grow by 68% to nearly 299,000 by 2051, the property offers strong long-term growth potential and significant tax depreciation benefits.
SUBIACO - $2.7 million
150 Rokeby Road, the former Bankwest branch in the heart of Subiaco’s retail strip, has sold for $2.7 million following a competitive Expressions of Interest campaign. The deal was brokered by RWC WA's Michael Milne and Luke Pavlos on behalf of the Commonwealth Bank of Australia.
The 488 sqm building on a 375 sqm freehold site was sold with vacant possession, offering a rare value-add opportunity. Zoned under Subiaco’s Town Centre planning framework, the property’s prime frontage and adjacency to major parking make it ideal for owner-occupiers or mixed-use repositioning.
The sale adds to recent successful transactions along Rokeby Road, reflecting the suburb’s growing appeal amid urban revitalisation, a vibrant café culture, and proximity to key amenities.
ELLENBROOK - $6 million
A key convenience retail asset in Ellenbrook, WA, has sold for $6.032 million to a NSW-based private investor, achieving a sharp 5.96% yield — the tightest recorded for a WA 7-Eleven since 2017. The transaction was managed by Beau Coulter and Jamie Perlinger of Burgess Rawson, in conjunction with Rob Selid from Burgess Rawson WA.
The property, at the corner of Main Street and Pinaster Parade, is underpinned by a brand-new 12-year lease to 7-Eleven commencing in 2025, with options to 2057. It generates approximately $360,000 net per annum, with the tenant covering outgoings including land tax and insurance, and annual CPI rent reviews in place.
Situated on a 2,796 sqm landholding with a 248sqm building and 12 car spaces, the asset benefits from a prime high-traffic location opposite Ellenbrook Secondary College and near Ellenbrook Shopping Centre. With the City of Swan’s population forecast to grow by 68% to nearly 299,000 by 2051, the property offers strong long-term growth potential and significant tax depreciation benefits.
SUBIACO - $2.7 million
150 Rokeby Road, the former Bankwest branch in the heart of Subiaco’s retail strip, has sold for $2.7 million following a competitive Expressions of Interest campaign. The deal was brokered by RWC WA's Michael Milne and Luke Pavlos on behalf of the Commonwealth Bank of Australia.
The 488 sqm building on a 375 sqm freehold site was sold with vacant possession, offering a rare value-add opportunity. Zoned under Subiaco’s Town Centre planning framework, the property’s prime frontage and adjacency to major parking make it ideal for owner-occupiers or mixed-use repositioning.
The sale adds to recent successful transactions along Rokeby Road, reflecting the suburb’s growing appeal amid urban revitalisation, a vibrant café culture, and proximity to key amenities.
