Boeing puts Toowoomba in the Spotlight

Boeing’s plan to build a 12,000 sqm assembly plant in Toowoomba’s Wellcamp Airport and Business Park, for the new MQ-28A Ghost Bats aircrafts will be the linchpin to create many local jobs.

The new facility is all but assured now, after the Federal government revealed it would purchase seven of the MQ-28A Ghost Bats at a cost of more than $450 million dollars.

Boeing’s commitment to Queensland was strengthened further this week with the confirmation of their pre-commitment of 12,000 square metres at Dexus’ 123 Albert Street, Brisbane which is undergoing a circa $200 million upgrade.

Combined with the intention to further strengthen Australia’s defensive strategies, to ensure long-term security and stability in Australia, the proposed development of the Wellcamp Airport and Business Park is likely to attract further support from the Government. 

Colliers Toowoomba team of Dominic Ryan and Brad Lipp are assisting industrial and logistics users in the region.

“There is certainty that demand across our real estate markets will increase as more specialised trades move to the region to service Boeing’s proposed plans” said Colliers.

New land estates brought to market by the Colliers Toowoomba Landman team, including the largest Master Planned Community in Glenvale and Stage 1 of “Pinnacle of Kearneys’” in Kearneys Spring will assist in providing much needed housing to service the workforce of Boeing, and the many more organisations that are sure to follow their lead. 

“The 2022 Budget saw the Government announce several measures to address the growing pressures surrounding labour shortages and skill gaps, which will continue to support the growth and productivity of businesses and enable them to finalise longer-term site strategies with more certainty. “

“Combined with continued spending on infrastructure, and alongside an additional focus on regional infrastructure, this will strengthen supply chain efficiencies benefiting the industrial and logistics sectors and further underpinning the Toowoomba Trade Gateway in our region.”

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The ASX200 AREIT Index this week was down -2.8%.