Why Brendale

by admin | 4th November 2013

Over the last decade, Brendale, on the north side of Brisbane just 20 km from the CBD, has established a reputation as a prime industrial location with excellent infrastructure, access and opportunities.

Businesses moving into Brendale enjoy excellent access to major export infrastructure via the Bruce Highway, the Gateway Motorway and Gympie Road.  Leased properties are achieving rates of $105–$115/m2 for quality modern industrial buildings and $130/m2 for brand-new buildings.  Sales stock can expect yields of 8% with brand-new buildings achieving sales prices ranging from around $180/m2 up to even $335/m2. The success of the area has been evident in the number of major local and international companies moving in, such as Aldi, Costco and Target, as well as Bunnings, which has secured a 7.5 hectare site in the CSR Estate.

Also of note are new developments such as the 85 hectare industrial estate, New Base Business Park, which is currently being marketed by Investa Property Group.  Investa’s Development Manager, Justin Sherlock, commented, ‘New Base is rapidly becoming the industrial location of choice for the north side. Investa acquired the project in mid-2007 as it could see the opportunity that Brendale provided given the continued shortage of zoned land in the traditional northern industrial suburbs’. Over 80% of the development has already sold and construction is now underway on the Super Retail Group’s $75 million distribution warehouse on a 5.03 hectare site.

The developer Vanriet, which has enjoyed success with previous developments in this pocket, hoped to start construction in August 2013 on its 57.4 hectare industrial estate at 133 South Pine Road, Brendale. The site, which is zoned General Industry 1 and 2, will offer buildings from 1500 m2 to 10 000 m2 and will take advantage of prime exposure to South Pine Road.

Dan Felton, who is the CEO and Development Manager for Vanriet, stated, ‘Vanriet is a strong believer in Brendale as the next logical industrial and commercial hub for the north side of Brisbane.  With excellent transport links and a supportive council, Brendale has already become the smarter option for businesses wanting to be on the north side.  The large supply of high quality, new housing ensures a strong employment base for companies and access to the rail and road network is exceptional’.

The local authority for Brendale, Moreton Bay Regional Council, has been working with the state government and the wider community and has recently undertaken an Economic Development Program to ensure that the region continues to prosper.

With the support of, and ongoing investment by government bodies and private investors alike, Brendale is set to become the most successful industrial hub on the north side of Brisbane.

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