The latest 7,265sqm pre-lease deal adds to more than 65,000sqm of major lease deals under negotiation in the south and south west Brisbane corridor in last three months
Whites Group Pty Ltd has committed to a purpose built 7,265sqm facility in Heathwood after signing a pre-lease for seven years with a three year option. They are expected to relocate from their existing Richlands facility by mid next year.
Whites Group is an Australian family owned company since 1972 servicing hardware, rural and industrial channels.
The 16,754sqm site, owned by Brazil Enterprises Pty Ltd, is located at 15 Seeana Place in Heathwood in the Brisbane’s western corridor.
Stewart Gamblin and Matthew Frazer-Ryan of Colliers International represented Brazil Enterprises, whilst Luke Stafford from Symmetry Partners represented Whites Group in the transaction as their national property advisor.
Jay Thomas, Whites Group National Operations Managers said they needed to relocate from an existing facility in Richlands. “We had to expand our warehouse footprint with a more modern and functional building to meet the ongoing and future requirements of the business.
“The new facility at Heathwood will have a larger awning and hardstand area, high clearance warehouse and multiple access points that will allow us to run a more efficient operation.”
“After going through a shortlist of suitable locations on the southside as per the brief, Whites Group identified that Heathwood Estate was of significant interest as it is located off the Logan Motorway and has the direct interchange via Logan Motorway and Stapylton Road,” said Mr Gamblin.
“Heathwood is Brisbane’s premier location for logistics and distribution in the western corridor and the home to Woolworths, Coles, Visy, Australia Post and other major transport and logistics services groups.
“The site is part of a 7.25ha holding by Brazil Enterprises who have owned the land for 50 years. The remainder of the site is available for pre-lease opportunities and is suitable for warehouse and logistics tenants in the size range of 4,000sqm to 10,000sqm,” Mr Gamblin said.
According to Mr Frazer-Ryan in the second half of this year we have seen a significant spike in occupier demand. “By the end of this quarter we expect to see upwards of 65,000sqm of major leasing deals being concluded in the south and south west industrial markets.
“There is a good mixture of tenants taking up existing A and B Grade stock. Considering this we will see the stabilisation of demand and supply at or above 10,000sqm size bracket.”