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The Ausdeck Group, comprising Ausdeck Patios and Roofing, Roll Form Industries, Bent Sheetmetal, Fusion EPS and Pro Powdercoating, will consolidate four of its six current industrial sites into one state-of-the-art purpose-built facility in Brisbane’s south following a major leasing deal.
The Australian owned and operated company, which specialises exclusively in the manufacture of patios and roofing systems for both home improvement and commercial roofing markets, will lease a facility at 56-72 Bandara Street in Richlands from GARDA Property Group.
The 13,000sq m facility will be comprised of 2000sq m of office space and 11,000sq m of warehouse space on a 30,313sq m site.
The leasing deal, which was negotiated by Mark Clifford of Knight Frank, will see Ausdeck Patios and Roofing consolidate four of its current separate facilities, all located at nearby Carole Park, into the one facility.
It will occupy the Richlands facility for 10 years, with one five-year option. The facility has now started construction.
Mr Clifford said he took Ausdeck’s brief to the market early in 2022 to find the right site to deliver its purpose-built facility, to provide the business with greater efficiency by being able to combine its operations into one location.
“We worked very closely with Ausdeck during the process; this will be their flagship site housing all its business operations under one roof over the long-term, so they wanted to get it right,” he said.
“A thorough selection process was run on behalf of Ausdeck and there were some excellent options on the table, but ultimately the GARDA Property Group site at Richlands won out.
“The location was a key driving factor in the selection process, with the site being in close proximity to Ausdeck’s existing customers and transport networks including the Centenary and Ipswich Motorways.
“It’s also close to local amenity, including Centenary Shopping centre and Forest Lake.”
Mr Clifford said the Richlands facility would include multiple gantry cranes and house some of Ausdeck’s high tech and specialised equipment used to produce their wide range of Australian made products.
The catalyst for Ausdeck’s property requirement was recent investment from leading industrial SME investor Alpin, that rapidly scaled Ausdeck’s growth throughout the eastern Australian seaboard. With c60,000sq m of industrial property across ownership of a number of businesses, Alpin understand the importance of securing high-quality industrial tenancies to underpin long term sustainable success.
The Ausdeck Group’s Managing Director Simon Plummer noted that this property deal will be transformative for the Group by unlocking significant operational value, improving the Group’s service offering to customers and creating a world-class facility that attracts global talent.
ASX-listed GARDA Property Group is a real estate investor and developer with a substantial industrial development pipeline of ~150,000sq m in Brisbane and surrounds. GARDA’s established assets predominantly comprise industrial properties in Brisbane and commercial office properties in Melbourne.
Commenting on the lease, GARDA’s Executive Chairman, Matthew Madsen, said it was a pleasing outcome for both parties. “Ausdeck will have the custom-made head office solution it has been seeking, while we have secured an eminent tenant on a long-term lease for one of our premium sites.”
