"Suite" deal for waterfront venue

Lewis Land, which owns The Belvedere and The Komo in Redcliffe, has added another major venue to its peninsula portfolio.

Australia’s oldest private property developer has bought the Oakes Redcliffe Mon Komo Suites, above The Komo restaurant, on Marine Pde.

Chris Allison, Queensland manager of Lewis Land’s Leisure division, said the company saw “a strong opportunity to deepen its investment in the Moreton Bay region”.

“With our existing food and beverage operation at The Komo on the ground floor, taking over the accommodation offering upstairs was a natural next step,” he said.

“It’s a strategic fit that complements our existing portfolio and aligns with our vision for leisure in the region.”

Mr Allison said a “significant refurbishment” has been completed at The Oaks, “refreshing” all 58 self-contained apartments.

AV equipment, lighting, bathrooms and furnishings in the Level 1 event area have also been upgraded.

Mr Allison said there were no “immediate” additional development plans in the area but Lewis Land is “always looking for the right opportunities”.

“We describe ourselves as opportunistic investors and we have strong confidence in the future of the Moreton Bay region.

“We're proud to be the largest non-government employer in the area and we’ll continue to invest where it makes sense and supports the long-term growth of the region.”

Lewis Land employs more than 350 staff at its Redcliffe venues.