The former Queensland Department of Transport building at 1–5 Phillip Street, Toowoomba was declared surplus following a strategic decision by the State to rationalise its property holdings.
The disposal required a sales process that satisfied government and departmental financial objectives while maintaining a fully open, transparent, and defensible approach. Given the public sector context, it was essential to demonstrate fairness, encourage genuine competition, and ensure the outcome could withstand scrutiny, while still attracting credible parties with the capability to reposition or redevelop the asset.
An Expressions of Interest campaign was adopted, supported by targeted and proactive engagement with developers and owner-occupiers aligned to the site’s potential. This strategy generated strong market interest and competitive tension throughout the campaign. A contract of sale was secured at the conclusion of the process, achieving a price above the government’s stated objectives and delivering a clear, value-driven outcome consistent with public sector disposal requirements.
