Clarence Property expands its TradeCoast presence with the $42M acquisition of 69 Rivergate Place, Murarrie!

The 11,353 sqm, purpose‑built regional headquarters is 100% leased to Yamaha Motor Australia and offers 98m of river frontage, a WALE of 3.6 years and direct access to Port Brisbane and the Gateway Motorway.

Ben Somerville, our Head of Capital Transactions, said the deal confirms Clarence’s confidence in southeast Queensland’s industrial fundamentals – “We see continued value in defensive, infrastructure‑connected assets with strong tenant profiles and underlying land value.”

Our CEO Simon Kennedy added that Rivergate fits our strategy to grow exposure to metro markets with embedded infrastructure and long‑term value. “Rivergate is a rare, covenant‑backed, income‑generating asset with strong locational fundamentals.”

The team thanks Jack Pershouse and David Gibson of Modus Property Group and Colliers’ marketing team for their support.

Clarence remains committed to delivering long‑term value for investors and fostering regional economic growth.

Strong Connections and Pristine Riverfront Views at our CPDF Investor Open Day 🏡 🌞

We were thrilled to welcome Investors to our Clarence Property Diversified Fund Open Day in June at Stage 5 of Yamba Quays — the final release of our exclusive waterfront development in Yamba, NSW.

With picture-perfect weather and a stunning riverfront outlook, the day offered a fantastic opportunity to provide a Fund update, showcase our current projects, and spend valuable time connecting with Investors.

A big thank you to everyone who joined us, and to our event partners for helping us deliver a seamless day.

Clarence Property is excited to announce we have purchased Metro Middle Park, a neighbourhood shopping centre in Brisbane’s fast-growing southwest, for $40.4 million.

Through our flagship Clarence Property Diversified Fund, the acquisition marks another major metro investment for us, following our $119 million purchase of 120 Edward Street in Brisbane’s CBD last year.

Metro Middle Park is a single-level neighbourhood shopping centre anchored by a strong-trading Coles supermarket, supported by 38 specialty tenancies across 6,411 sqm of gross lettable area.

Ben Somerville, our Head of Capital Transactions at Clarence Property, said “Metro Middle Park is a great example – a rare, tightly held metro Brisbane retail centre anchored by a national tenant in a highly convenient retail destination for the growing Centenary suburbs, including Jaboree Heights, Riverhills, Westlake and Mount Ommaney. ”

Clarence Property CEO, Simon Kennedy said, “We’re continuing to pursue strategic additions to our over $800 million strong portfolio across retail, commercial, industrial and residential sectors – and Metro Middle Park fits that mandate perfectly.

“The centre is well positioned to deliver strong income performance in the short term, while offering future uplift via retail repositioning over time.”

The sale was negotiated by Peter Tyson of Savills along Ben Somerville, our Head of Capital Transactions at Clarence Property.

Clarence Property is excited to announce the purchase of 120 Edward Street, an A-Grade office tower in the heart of the Brisbane CBD for $119 million.

The 18-storey office tower was bought by our flagship Clarence Property Diversified Fund, from international real estate manager DWS, on a passing yield of 8.46% and is 98% leased.

We see 120 Edward St as a strategic counter-cyclical play in a market we know well and believe is well placed for the future. 

Ben Somerville, our Head of Transactions, worked with CBRE Queensland Senior Managing Director, Bruce Baker, and Queensland State Director, Peter Chapple to broker the deal with DWS.

As the Fund approaches its 30th year of uninterrupted monthly distributions, we’re pleased to add 120 Edward St to the portfolio.