New South Wales
KURNELL - $65 million
A landmark 11-hectare industrial infill site in the tightly held Sutherland Shire has been sold for approximately $65 million, following a highly competitive campaign led by Colliers’ Matthew Meynell, Trent Gallagher and Edward McFarland, in conjunction with Stanton Hillier Parker’s Andrew Hunter, Eugene Evgenikos and Darren Benson, on behalf of RSM Australia Partners, appointed as Receivers and Managers over the property.
Located at 260B Captain Cook Drive, Kurnell, the site comprises two existing warehouse buildings totalling 5,213 sqm, extensive hardstand areas, and 8.2 hectares of usable land zoned E4 General Industrial. The property was acquired by a joint venture between Centennial and MaxCap Group, with plans to deliver a multi-lot industrial subdivision and refurbish the existing assets.
The surrounding region is home to major occupiers, including Dicker Data, National Storage, Ampol, and the NSW Desalination Plant, with ongoing infrastructure investment and gentrification underpinning future growth.
Tasmania
HOBART - $30+ million
A landmark city block in the heart of Hobart’s CBD has sold for a price exceeding expectations, marking one of Tasmania’s largest commercial transactions of 2025. The property was sold on behalf of the University of Tasmania through a joint campaign by Matthew Wright and George Wilkinson of Burgess Rawson from CBRE, alongside Claude Alcorso and Matthew Wallace of RWC Tasmania.
While the sale price and purchaser remain confidential, the buyer described the acquisition as a “once-in-a-generation opportunity” to help shape Hobart’s future. The result highlights the city’s growing appeal as a destination for institutional and private capital, reinforcing confidence in Tasmania’s evolving commercial landscape.
Victoria
DONCASTER - $24.65 million
Next Generation Clubs Australia has sold its 10,950 sqm health and wellness facility in Doncaster to a local private investor for $24.65 million.
CBRE’s Jamie Hess, Sam Guest and JJ Heng exclusively managed the sale process with the price reflecting an initial yield of 6.49%.
The deal was structured as a sale and leaseback, ensuring NextGen Clubs will continue to operate its purpose-built health and wellness club at the site until 2040, with options until 2060.
The buyer intends for the health and wellness club to continue its operations uninterrupted under NextGen Clubs.
HORSHAM - $11.4 million
Jones Real Estate, in conjunction with Stonebridge Property Group, has successfully sold one of regional Victoria’s most sought-after trophy assets, Bunnings Horsham, for $11.4 million, reflecting a 6.00% yield.
The on-market campaign, managed by Jones Real Estate's Paul Jones, Tim Spargo, and Mimi Hoang, in conjunction with Stonebridge's Kevin Tong, Rorey James, Justin Dowers, ran for just 1.5 weeks before the transaction was completed.
The property, spanning multiple titles at 19, 24–38 Wilson Street, 42 Wilson Street, 25–29 Pynsent Street, and 31 Pynsent Street in Horsham, recently secured a new five-year lease renewal with Bunnings, commencing on October 1st 2025. The lease, negotiated and secured by Jones Real Estate on behalf of its client, includes three further five-year options through to 2045, providing exceptional long-term income security.
CREMORNE - Undisclosed
A 407 sqm* vacant ground-floor office at 155 Cremorne Street, Cremorne, has sold off-market and represents the largest strata deal to transact in the Cremorne precinct in over seven years.
The vacant suite was secured by a local construction company looking to upsize from its existing premises in Cremorne, following a direct enquiry. This represents one of only three strata office deals transacted in 2025 in Cremorne, all completed by the Colliers specialised strata team.
The off-market sale was managed by Colliers agent Matt Knox and Teska Carson’s Matt Feld.
Queensland
MILTON - $21 million
A dual commercial property offering in Brisbane, consisting of two high-quality commercial buildings on one title, has sold for $21 million.
The buildings at 23 Graham Street in the fringe suburb of Milton have a total net lettable area of 3,505 sqm, with 73 car parks on a combined site area of 3,743 sqm.
They were purchased by Quanta Invest from owner RJH Holdings in a deal negotiated by Knight Frank agents Christian Sandstrom and Blake Goddard.
RJH Holdings has owned the property for approximately 22 years, with the buildings 100% occupied, used as the head office for the Queensland branch of its national construction business ADCO Constructions.
The business will continue to occupy the property in a deal that provides a leaseback to Quanta for 4 years.
HARRISONTOWN - $6.1 million
The site of a Hungry Jack’s in Harristown has been acquired for $6.1 million in an off-market sale reflecting a 4.45% yield, one of the sharpest yields for a regional Quick Service Restaurant (QSR) in Queensland in the past 24 months.
The transaction was managed by CBRE’s Harrison Coburn and Mikaela O’Farrell.
Located at 163-173 Anzac Avenue, the property represents a 256 sqm investment secured by a long-term net lease until 2035 to top-tier QSR retailer Hungry Jack’s - Australia’s second largest fast-food chain with more than 50 years of trading history and more than 450 outlets nationally.
BRISBANE - $2.55 million
A local architecture firm has secured its new CBD headquarters in a $2.55 million acquisition of a Queen Street office floor, reinforcing the strength of Brisbane’s strata office market with the site seeing 16 per cent capital growth over three years.
Transacted by Colliers experts Tony Wang and Shaun Seeto, the 518 sqm full-floor office located at Level 5, 344 Queen Street was sold on behalf of a private interstate Asia-Pacific education operator. The sale achieved $4,923 per square metre and 16 per cent capital growth from its previous $2.2 million sale in 2022, also brokered by Colliers.
Colliers Queensland Asia Markets Director Tony Wang said the previous owner had purchased the asset with plans to expand operations into Queensland but ultimately opted not to proceed, choosing instead to on-sell the property.
