Land Being Snapped Up in BrisWest, a Major Industrial Development in Brisbane, as the City’s Land Shortage Persists

• BrisWest is the biggest industrial development to hit the market in Brisbane’s western corridor in around two decades, with an end value of more than $320 million
• The 130-hectare estate is being undertaken by developers Civic Corporation and Vitale Property Group
• 45% of the 24-hectare Stage 1 of BrisWest has sold in just 4 weeks of the development launch, equating to sales totalling nearly $24 million
• A huge shortage of industrial land across Brisbane is creating pent-up demand

Land in BrisWest, the biggest industrial development to hit the market in Brisbane’s western corridor in around two decades, is being snapped up as the city’s industrial land shortage persists.

45% of the 24-hectare Stage 1 of the BrisWest staged development has already sold in just four weeks of the development launch, with 11 of the 24 blocks on offer under contract, amounting to sales totalling nearly $24 million.

The 130-hectare BrisWest estate, situated on the Cunningham Highway and Redbank Plains Road intersection in Ipswich, around 38 kilometres from the Brisbane CBD and 10 kilometres from the Ipswich Town Centre, is being undertaken by developers Civic Corporation and Vitale Property Group.

Stage 1 is being marketed for sale by Knight Frank agents Mark Clifford and Lachlan Hateley of Knight Frank. The entire development has an end value of more than $320 million and is capable of housing a total of more than 400,000sq m of warehouse space.

The flood-free fully zoned stage 1 industrial lots in BrisWest are available for sale ranging in size from 2,800sq m up to six hectares, providing flexible building and warehouse options from 1,000sq m to 25,000sq m.

Mr Clifford said there had been very strong interest in the land on offer in BrisWest, with a huge shortage of industrial land across Brisbane creating pent-up demand.

“We have had a fantastic start to the marketing campaign for land in BrisWest, with stage 1 now close to being 50 per cent sold,” he said.

“Brisbane’s industrial market is currently land-starved, which is driving demand, but the added attraction of this development is that it offers high-quality industrial land in a sought-after location.

“The lots are flood free, fully serviced, having flexible zoning, an enviro-development 6 leaf certification and with 24/7 operations available.

Land in BrisWest, the biggest industrial development to hit the market in Brisbane’s western corridor in around two decades, is being snapped up as the city’s industrial land shortage persists.

45% of the 24-hectare Stage 1 of the BrisWest staged development has already sold in just four weeks of the development launch, with 11 of the 24 blocks on offer under contract, amounting to sales totalling nearly $24 million.

The 130-hectare BrisWest estate, situated on the Cunningham Highway and Redbank Plains Road intersection in Ipswich, around 38 kilometres from the Brisbane CBD and 10 kilometres from the Ipswich Town Centre, is being undertaken by developers Civic Corporation and Vitale Property Group.

Stage 1 is being marketed for sale by Knight Frank agents Mark Clifford and Lachlan Hateley of Knight Frank. The entire development has an end value of more than $320 million and is capable of housing a total of more than 400,000sq m of warehouse space.

The flood-free fully zoned stage 1 industrial lots in BrisWest are available for sale ranging in size from 2,800sq m up to six hectares, providing flexible building and warehouse options from 1,000sq m to 25,000sq m.

Mr Clifford said there had been very strong interest in the land on offer in BrisWest, with a huge shortage of industrial land across Brisbane creating pent-up demand.

“We have had a fantastic start to the marketing campaign for land in BrisWest, with stage 1 now close to being 50 per cent sold,” he said.

“Brisbane’s industrial market is currently land-starved, which is driving demand, but the added attraction of this development is that it offers high-quality industrial land in a sought-after location.

“The lots are flood free, fully serviced, having flexible zoning, an enviro-development 6 leaf certification and with 24/7 operations available.