Quintessential divests fully leased industrial business park for $35M

Rocklea industrial business park attracted significant market interest, receiving eleven written offers at close

The $35,000,000 transaction of a fully leased 20,407sqm Rocklea industrial business park to a private investor demonstrates the strong demand for well positioned assets in lead up to Queensland’s infrastructure boom.

Transacted via an expressions of interest campaign by Colliers Queensland industrial team of Simon Beirne and Nick Evans the fully-leased multi-tenanted industrial business park is located at 117 Grindle Road Rocklea and was transacted on behalf of our valued client Quintessential.

Colliers Queensland Chief Executive Simon Beirne said this sale result signaled ongoing confidence

in Queensland’s industrial market with eleven written offers at close.

“Queensland’s industrial market is increasingly in the spotlight, buoyed by strong population growth,

infrastructure investment, and a diversifying economy,” Simon Beirne said.

“Major projects tied to the 2032 Olympic Games, as well as growth in sectors such as defence,

renewables and advanced manufacturing, are strengthening the state’s long-term industrial outlook.

“Investor sentiment is shifting. Queensland is no longer a secondary player, it’s becoming a

preferred destination for capital across both institutional and private buyers,” Simon Beirne added.

Colliers Queensland Industrial National Director Nick Evans said this was an outstanding industrial

investment opportunity located within Brisbane’s, core central southern industrial precinct with exceptional connectivity to the Ipswich Motorway, Granard Road, the Archerfield Airport, and Acacia Ridge Freight Rail Intermodal.

“We are thrilled with the outcome of this transaction. The strong market interest and competitive offers reflect the high quality and strategic location of the property,” Nick Evans said.

“Having originally sold this property to Quintessential in 2020, we are delighted to have assisted in the successful completion of their investment journey.

“This sale underscores the robust demand for premium industrial spaces in Brisbane with the private investor beating a range of syndicators and privates to secure this asset.”

With eight units ranging in size from 1,631sqm to 2,814sqm this business park offers occupiers one- way B-Double traffic flow, separated container setdown in fully ESFR sprinklered concrete tilt panel tenancies.

With a GFA of 20,407sqm on a 40,000sqm site, this property exemplifies premium industrial real estate.