Transact » News

Strata market makes a comeback

Joe Tynan — Tue, 28 Feb 2012 22:45:17 +0000

BRISBANE CBD’s once struggling strata unit market has been making a quiet comeback. Agents have reported strong sales after 12-month campaigns for the 15-storey Traxview tower at 97 Creek St and the 24-storey Matisse tower at 110 Mary St. Ray White Transact’s Brad Hanson said strata units were becoming more popular among small businesses. read more

Strata-titled market towers above others

Joe Tynan — Wed, 22 Feb 2012 01:47:49 +0000

SIXTY per cent of a strata-titled office tower in the heart of the Golden Triangle has been sold off, with most of it being snapped up by a former boss of a commercial property agency.

Andrew King, an ex-DTZ managing director, and his business partner Tim Mahony, purchased in one line 21 lots, totalling 3447sq m, and a basement car park in the Traxview tower at 97 Creek St for about $12 million. The deal was struck by Ray White Transact’s Brad Hanson and Rick Bird, and DTZ’s Ken Lutch. read more

Sights set on future

Joe Tynan — Wed, 22 Feb 2012 01:32:28 +0000

A CHINESE investor with an eye for long-term development potential has picked up a prominent retail property near the Indooroopilly Shopping Centre for $3.6 million. In an off-market deal, negotiated by Ray White Transact’s Rick Bird and Brad Hanson, Sunshine Investments purchased the 1362sq m property at Stamford Rd, which is currently leased by KFC. read more

Sales raise high expectations

Joe Tynan — Wed, 22 Feb 2012 00:24:01 +0000

A CHINESE investor has bought the missing piece – snapping up the third of three adjoining sites in South Brisbane. Through his company Sunshine Investments, the investor, who divides his time between China and Australia, paid $3.5 million for a two-level building on a 911sq m site at 22 Merivale St. Late last year he bought properties at 26 and 28 Merivale St for a total of $7 million. read more

Striking it rich in the Golden Triangle

Joe Tynan — Tue, 21 Feb 2012 23:22:02 +0000

A 45-year-old office building in the heart of the Golden Triangle is set for a new lease of life after being snapped up for $13.3 million. Formerly ITPS House, the 10-storey tower at 360 Queen St was built in 1966 and is currently about 70 per cent occupied. Ray White Transact’s Rick Bird, who struck the deal with colleague Brad Hanson and Ray White Commercial’s Andrew Adnam, said the C-grade property would undergo refurbishment from the new owner. read more

Residential Site Success

Rick Bird — Fri, 01 Jan 2010 01:33:28 +0000

Brisbane’s most prestigious CBD residential development site looks set to be sold off in 2010, with Ray White Transact negotiating the sale of the Carrington site (which formed half of the French Quarter Aggregation) earlier this month.

Ray White Transact’s Rick Bird and Brad Hanson sold the Carrington site to property developers, Sunland Group, for $25 million. Sunland plan to build a $250 million residential project, which will comprise 200 luxury apartments.

Adjacent the Carrington site is the 1,994 sqm Camelot parcel which is situated in one of Brisbane’s most beautiful and vibrant precincts. Camelot is receiving a large number of enquiries from both local and overseas developers and investors.

Brad Hanson noted “the market we are faced with today sees developers offloading their assets due to difficulty in obtaining development finance. It is truly a vote of confidence in this market that Sunland has committed to a large development project in Brisbane.”

Sunland develop luxury residential buildings and they recognised the Carrington parcel as being the best residential site in Brisbane. “The hard work and heavily committed attitudes of the agents at Ray White Transact made the negotiation process smooth and in turn a success” (representative from Sunland Group).

French Quarter Site

Rick Bird — Fri, 01 Jan 2010 01:32:55 +0000

Property group Devine Limited has appointed Ray White Transact agents Rick Bird and Brad Hanson for the sale of the internationally renowned ‘French Quarter’ site, located on the corner of Margaret and Albert streets, in the Brisbane CBD.

The 4,061sqm French Quarter site was amalgamated by Devine for a planned residential, hotel and retail development, and is configured as two individual parcels of 1,994sqm (Camelot) and 2,067sqm (Carrington).

The property group’s vision includes two cutting edge residential towers, a five star hotel and a Parisian themed retail precinct.

Ray White Transact Principal, Rick Bird, said the value added component of advanced development planning would provide an acquirer with a significant head start in delivering the project to market.

“The site demands a landmark project and Devine has adopted this attitude throughout the extensive planning process,” he said.

“It is now time for somebody else to move the project forward.”

Mr Bird said the site was being marketed internationally and he expected a competitive bidding process, with interest being shown already from South East Asia investors.

The project’s position will also be a significant selling point.

“The area has long been recognised as Brisbane’s best apartment address, being in the immediate vicinity of the Botanical Gardens, Parliament House, the Queensland Club, Quay West, the Queensland University of Technology and The Grosvenor,” Mr Bird said.

The sale is being undertaken by an offers-to-purchase campaign which closes on 12 November, 2009.

A virtual data room has been established to allow access to thorough and comprehensive due diligence information.

Brisbane CBD Site

Rick Bird — Fri, 01 Jan 2010 01:32:18 +0000

A two-level Brisbane CBD commercial property has sold for $8.5 million in a deal put together by Ray White Transact selling agent Rick Bird.

It is the second time Mr Bird has sold the property, 99 Mary Street, after previous owners Devine originally paid $10.1 million for the site in July 2007.

The sale comes as Devine attempt to pay off debt after once again downgrading its profit guidance. Previously earmarked for development, new owners Breeton Pty Ltd are currently seeking tenants for the 911m2 site.

A licensed real estate agent and registered valuer, Rick Bird has been a leading performer in the sale of CBD and fringe buildings and development sites and has amassed sales of over $2 billion in a 20 year real estate career.

Principal wins International Award

Rick Bird — Fri, 01 Jan 2010 01:31:34 +0000

Ray White Transact Principal, Rick Bird, recently took out the Ray White Group Top International Salesperson Award for May 2009.

He beat more than 1000 other agents across Australia and New Zealand to take out the top honours.

The first half of 2009 has been extremely successful for the Ray White Transact Principal, with over $33 million worth of sales have been achieved to date.

Transact Delivers Results

Rick Bird — Fri, 01 Jan 2010 01:30:24 +0000

With the tightening credit market, Ray White Invest embarked on a sale campaign to sell a portion of its Service Centre Trust portfolio in Victoria and Queensland.

The big question was ‘will they sell?’ It’s a soft market with heaps of receivership sales to compete with.

Ray White Invest engaged Rick Bird of Ray White Transact to handle the sale of three assets in Toowoomba and Ipswich. A perfect man for the job – hard working, enthusiastic, and with a total commitment to getting top results for his clients.

The results? Two from three sold so far with one still being marketed. One of the best things was the terrific sale prices. One was above book value – unheard of in these times.

Ray White investors continue to benefit from the great efforts of one of our longstanding Elite Performers.