Singapore backed Frasers Property Industrial, a business unit of SGX-listed Frasers Property Limited, has acquired a 65-hectare prime industrial estate from Seymour Group, located on Stapylton Jacobs Well Road in Queensland’s Yatala region in Yatala.
”Masterplanning has started and Frasers Property Industrial expects to bring stage one to the market by the middle of 2020 with estimated delivery for this part by Q1 2021,” said the company in a statement. ”The prime industrial estate in Yatala will feature pre-lease development, land and build packages as well as selective land sales.”
“This acquisition aligns with our strategy to secure significant land holdings in core markets that are within close proximity of major infrastructure. The Yatala area will continue to benefit from the expansion of both Brisbane and Gold Coast regions. We see this region consolidating its position as one of the major distribution hubs for South East Queensland,” said Ian Barter, General Manager Northern Region for Frasers Property Industrial.
“We have already had great success in Yatala over the past four years attracting major transport and manufacturing companies such as O-I Glass, Beaulieu Australia, Oji Fibre Solutions, Reward Hospitality and Schutz Australia. More than 70 per cent of the development phase in Yatala Central has now been completed,” added Troy Whalan, General Manager Queensland for Frasers Property Industrial.
He added, “Demand is very high in the region as a direct result of strong population growth, a critical shortage of serviced industrial land and major road infrastructure projects including the recently completed Transurban Queensland’s Logan Enhancement Project.
“This purchase further restocks our Queensland landbank in a highly sought-after industrial area and will help us maintain our strong presence in the region having already developed over $137 million1 worth of institutional product in the region.”
“The Yatala region continues to grow as one of South East Queensland’s major industrial and logistics hubs. Expansion will continue in line with population and infrastructure growth in the southern corridor between Brisbane and the Gold Coast.” commented Adam Wills, Director at Industrial Space.
Adam Wills from Industrial Space brokered the transaction.