Chris Herde

Brisbane

Prime Site Editor, The Courier-Mail at News Corp

Editor of The Courier-Mail's Prime Site commercial property section

Articles

Ranked: Adelaide’s top lawyers revealed

2 days ago | adelaidenow.com.au | Chris Herde

Adelaide is punching well above its weight in the law with four legal eagles cracking the national Top 10 list of best lawyers – the most of any major city in Australia. In the 2026 edition of The Best Lawyers in Australia report Philip Laity from Laity Morrow received the highest number of honours – or top ranked legal specialities – with 12. Mr Laity is the managing director of Laity Morrow and started the boutique practice almost 12 years ago.
Builders line up to be a part of 2032 Olympics construction spend

3 weeks ago | realcommercial.com.au | Chris Herde

Australia’s and the world’s largest builders are in the race for a slice of the multibillion-dollar Olympics infrastructure pie. The property sector has welcomed Queensland Premier David Crisafulli’s unveiling on Tuesday of the venues, infrastructure and transport needed for a fully costed $7.1bn 2032 Olympic and Paralympic Games. BESIX Watpac chief executive Mark Baker said it now had clarity but would have to wait for the government to make the next move.
Super deal: Centuria sells retail giant’s office building

1 month ago | theaustralian.com.au | Chris Herde

Australasian real estate fund manager Centuria Capital Group has sold a three-level campus style office building north of Brisbane which it developed six years ago. Sysney-based investment company Sandran Property Group paid $55.5m for the A-grade building at 6 Coulthards Ave, Strathpine, which was the purpose-built headquarters for ASX-listed Super Retail Group. The sale realised 14 per cent initial rate of return for investors of a single-asset wholesale fund.
Chase Commercial joins other big hitters in plan to revitalise Milton’s iconic Park Rd

1 month ago | realcommercial.com.au | Chris Herde

A boutique commercial real estate agency is relocating to an iconic inner west entertainment precinct aiming to play a big role in its revitalisation. Chase Commercial owner Rod Brown paid $3.975m for a two-level office building with basement carparking at 36 Park Rd, Milton. The building is a new addition to Mr Brown’s $25m commercial property portfolio and he will move his team from their Woolloongabba address and embark on a refurbishment of the building. He will lease out the other tenancies.
Oreana buys 160ha of Stockland’s North Shore community in Townsville

1 month ago | realcommercial.com.au | Chris Herde

Melbourne developer Oreana has secured its second masterplanned community in Queensland, acquiring Stockland’s mega North Shore development in Townsville. Industry sources say Oreana paid more than $70m and will continue to deliver the masterplan, acquiring about 160ha of net developable residential land as well as the balance of the town centre, which has space to double its existing footprint.
PK’s Jungle Village on the market with a $5m-plus asking price

1 month ago | realcommercial.com.au | Chris Herde

A Far North Queensland budget resort that has been the filming location for major film and TV projects including the Hollywood Blockbuster, Godzilla Vs. Kong in on the market. With price expectations north of $5m PK’s Jungle Village is the only property known globally to touch two World Heritage sites – the Daintree Rainforest and The Great Barrier Reef. On a 2.8ha site the resort has been operating for over 35 years and is a world-famous destination for ecotourists and backpackers.
Melbourne has the tightest retail vacancy market while Perth and Brisbane the most space

1 month ago | realcommercial.com.au | Chris Herde

Retail vacancy across Australia’s major CBDs tightened to its lowest level since 2021 as office workers returned to the city leading to more foot traffic and greater demand from occupiers. CBRE’s Australian CBD Retail Vacancy H2 found Brisbane and Perth CBDs continued to be the softest markets while Melbourne remained the tightest across the five surveyed capital cities. The report showed Australia’s total retail CBD vacancy fell 80 basis points 11.3 per cent in H2 2024.
Rate cut 'won't fix everything'

2 months ago | futures.tradingcharts.com | Chris Herde

Feb 24, 2025 (The Australian - ABIX via COMTEX) --Financial markets expect two additional official interest rate cuts in 2024, after the Reserve Bank reduced the cash rate by 25 basis points last week. National Australia Bank's CEO Andrew Irvine says the rate cut will boost confidence, but he cautions that the economic outlook remains challenging.
Incitec Pivot Limited has put its 58ha Gibson Island property in Brisbane on the market

2 months ago | realcommercial.com.au | Chris Herde

ASX-listed explosives and fertilisers group Incitec Pivot Limited has put its Gibson Island property in the Brisbane River on the market. The property is touted as the largest industrial land and deepwater wharf for sale on the eastern seaboard. The 58ha of industrial land and more than 1km of river frontage with wharf access, has hit the market through Colliers.
Melbourne CBD office vacancy rate stuck at 18 per cent, the Property Council says

2 months ago | realcommercial.com.au | Chris Herde

“Active leadership” is needed from the Victorian government to turn around the fortunes of Australia’s second largest CBD, the Property Council says. The organisation’s twice-yearly Office Market Report found Australia’s vacancy rate across the capital cities was stubbornly high and Melbourne maintained its position as the CBD with the most unoccupied space.