After $40m in sales, LogistX Business Park forging into 3rd land release

Queensland’s newest industrial project, the LogistX Business Park, is now 70% sold and is forging ahead into a 3rd release of land as demand for the initial 8 blocks saw over $40 million worth of sales with developers and owner occupiers flocking to the site.

Developer EkkoPoint Properties began civil works for the initial 80,000sqm release back in July 2022, and will fast track works for stage two ahead of schedule to cater for the strong demand.

Amidst a backdrop of surging Yatala land values in excess of $500/sqm, 17 blocks of ready-to-build industrial land have now been sold to nine different buyers wanting to secure a prime spot in the $500m industrial and logistics hub.

There’s also a further ten blocks under offer progressing towards being sold.

David Corke, CBRE Industrial & Logistics Senior Director believes this location is coming of age following the commitment of Visy to construct their new $500m automated glass recycling facility. β€œThe Visy investment is projected to add over 200 full time jobs to this market and we’re seeing huge demand through this precinct as Gold Coast industrial land supply disappears.”

Gold Coast Division 1 Councillor Mark Hammel says β€œThe LogistX business park offers employment and industry opportunities for the fastest growing City in SEQ.” Cr Hammel has been a long term supporter of the employment opportunities the Yatala Enterprise Area is driving for the broader Gold Coast.

Strategically situated in the major arterial corridor between Brisbane and the Gold Coast, the site has attracted a mixture of local businesses setting up national headquarters in the precinct along with local and interstate developers.

Agents appointed to the project Myles Clentsmith and David Corke of CBRE and Nick Evans and David Brisk of Colliers have experienced substantial demand from a market devoid of land options.

β€œIt’s incredible to see the depth of demand we have across the whole spectrum from national owner occupiers to local and interstate developers,” Nick Evans said.

With just 9 blocks remaining for the second release, ranging from 4,000m2 up to 5Ha, the sites are expected to go to developers and owner occupiers wanting to capitalise on the Queensland property boom and strong interest from long term tenants.

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