Spotlight Buys $30m Coomera Site for Retail Centre

Spotlight Property Group has paid $30 million for a 2.78ha site beside Dreamworld at Coomera, with plans for a new retail centre that could add to the growing commercial activity along the Gold Coast’s northern corridor.

GALLERY

The two-lot holding at 170 and 171 Dreamworld Parkway has prominent Pacific Motorway frontage and was sold by Brisbane-based Gordon Corp in an off-market transaction negotiated by Colliers large-format retail director Marlon Crawford.

The purchase price equates to approximately $10.8 million per hectare.

Spotlight Property Group (SPG), the property arm of Spotlight Group, plans to develop a retail centre on the site, with potential for complementary retail and large-format showrooms across the broader holding. Details of the centre’s size, tenant mix and construction timeframe have not yet been released.

Gordon Corp director Tim Gordon said the company had considered several options for the land, including subdivision, before agreeing to sell the entire holding.

“We had considered subdivision options for the site, but SPG presented a compelling opportunity to sell the holding to a genuine occupier with the vision and capacity to realise its potential,” Gordon said.

For Spotlight Property Group director Zac Fried, the appeal lies in the site’s position between a growing residential catchment and one of the Gold Coast’s major visitor destinations.

“The Gold Coast’s visitor economy and the continued growth of Queensland make Coomera an exciting location for retail,” Fried said.

The acquisition comes as the broader Dreamworld precinct prepares for a new phase of development. In July, the Queensland Government approved a masterplan for theme park owner Coast Entertainment Holdings’ 55ha Coomera landholding, encompassing Dreamworld, WhiteWater World and surrounding land. The plan provides for staged tourism, accommodation, residential, retail, business and hospitality uses.

Together, the two developments have the potential to reshape this part of Coomera, bringing additional commercial activity alongside future accommodation and residential growth. The location also offers access to the Pacific Motorway, connecting the precinct with established communities across the northern Gold Coast and wider South East Queensland.

The purchase reflects broader investment interest in large-format retail property across Queensland. Crawford said transaction volumes in the sector had increased 53 per cent year-on-year to $409 million in the 12 months to September 2026, pointing to continued demand for sites offering scale, operational flexibility and customer visibility.

Spotlight Group has already expanded its Queensland development footprint, including its $92 million Brendale centre in Moreton Bay, anchored by a 6,000sq m Anaconda Adventure HQ that opened in September.

While the Coomera project remains at an early stage, its location beside Dreamworld places it within a precinct undergoing significant change. The next challenge will be ensuring new retail and commercial development serves both the growing local population and the visitors drawn to the area.

Images via The Urban Developer