Dyno Nobel finalises the sale of Gibson Island to Goodman, unlocking a rare industrial landholding as Brisbane faces the prospect of running out of industrial land within five years.
In a landmark transaction, ASX-listed Dyno Nobel has now finalised the sale of Gibson Island to Goodman, marking Queensland’s largest freehold industrial land sale transaction by value and unlocking a rare industrial landholding.
With the Property Council of Australia No Room to Grow Industrial Land Supply & Vacancy Report stating that Greater Brisbane’s current industrial supply will be extinguished in less than five years, with some key areas expected to run out of development stock within 3 to 4 years, this deal will offer a much needed opportunity to free up industrial land in the lead up to the Brisbane 2032 Olympic and Paralympic Games.
The 57.94-hectare Brisbane River island site was sold by commercial explosives and blasting technology services provider Dyno Nobel (formerly Incitec Pivot) through Colliers industrial experts Simon Beirne, James Wilkie, Rob Joyes and Peter Evans.
Located just 10 kilometres from the Brisbane CBD, the site offers 1.165 kilometres of river frontage, deepwater wharf access and direct connectivity to the Port of Brisbane. It is also one of only two Special Industry zoned sites within the Australia TradeCoast (ATC), positioning it as one of the most strategically significant industrial holdings on the Eastern Seaboard.
The sale comes off the back of a new Colliers research report showing that despite a broader softening of industrial markets in Sydney and Melbourne, Brisbane continues to buck national trends with industrial land prices in Brisbane surging 22 per cent year-on-year, compared to declines in the southern capitals.
Since the onset of the pandemic, capital values in the ATC have increased by approximately 67 per cent, well above the 40 to 50 per cent growth seen in most other Brisbane industrial precincts.
Colliers Queensland Chief Executive Simon Beirne said that vacancy in industrial properties over 3,000sqm in the ATC had fallen to just one per cent, the tightest in Brisbane and among the lowest in Australia.
“This is a once-in-a-generation deal that secures a rare landholding at a time when there is no land available, especially with demand only set to intensify ahead of the 2032 Brisbane Olympic and Paralympic Games,” Simon Beirne said.
“This deal represents the largest freehold industrial land sale by value in Queensland’s history, delivering a strong outcome and highlighting the exceptional demand for sites within the ATC.
“As the Olympics draw nearer, the Brisbane industrial revolution has started with the market already seeing a marked rise in demand for space, driven by the infrastructure boom and the growing need for warehousing and distribution services,” Simon Beirne added.
Industrial land supply across SEQ is under increasing pressure, and the effects are becoming more pronounced. Development-ready land is in short supply, making it increasingly difficult for businesses to secure space or plan for future expansion.
Colliers Queensland Industrial and Logistics expert James Wilkie said Gibson Island was one of the most hotly contested industrial opportunities in recent years.
“There is no land left in the ATC of this scale, which drove exceptional buyer interest. This was a highly strategic and competitive process, with interest from both national and international industrial heavyweights,” James Wilkie said.
“As Brisbane prepares for the 2032 Games, this transaction marks the beginning of a new era of industrial development that will underpin Queensland’s economic growth for decades to come.”
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