blog.buysellrealestate.com.au

Grand Hotel Group’s four star Marque Hotel portfolio has sold for a combined value of $72 million. GHG’s owners, Morgan Stanley and Tuan Sing, sold the three freehold properties to two separate buyers.

New industrial construction in Brisbane is expanding rapidly, with more than 1 million sqm of industrial space to be completed this year and a further 1.4 million sqm already planned for 2008, according to new forecasts from CB Richard Ellis.

South east Queensland’s strongly performing retail sector is threatened by overbuilding, according to new research from CB Richard Ellis, however the region’s strong population, jobs and wages growth should underpin the sector’s strong performance.

Strong tenant demand in Brisbane has led developers to propose a staggering 66 new office projects in the city’s emerging Near City precinct, according to the latest CB Richard Ellis Market Outlook research.