As we take our first few steps into 2024, we notice lower-than-usual deal activity, with one notable deal in Queensland.
Queensland
LOGANHOLM - $44 millionÂ
The State of Queensland Department of Housing has purchased a vacant residential village in Loganholme for $44 million.
Located at 3745 Pacific Highway, Tanah Merah Village sits on a 23,030 sqm site and was developed over three stages in 2008, 2010 and 2018.Â
The village comprises 124 apartments, a large community centre, a fully equipped commercial kitchen, a pool, an AV room, a salon and a library. Included was also a 6,297 sqm land parcel offering further development.Â
CBRE’s Will Carman, Adelaide O’Brien of CBRE’s Brisbane Metropolitan team and Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat of CBRE’s Australian Healthcare & Social Infrastructure brokered the deal on behalf of Aveo.Â
