Blue Commercial Facilitates $35.5 Million Sale of Industrial Asset in Ipswich
Open-air industrial estate located at 540-604 Warrego Highway, North Tivoli.
Key Points:
- Centennial acquires 67-hectare land rich asset, open-air industrial estate off-market for $35,500,000
- SEQ currently holds some of the lowest vacancy rates in the country, presenting significant growth opportunities for under-rented sites
Significant off-market transaction facilitated by Blue Commercial
Blue Commercial is pleased to announce the successful off-market sale of a substantial industrial asset situated at 540-604 Warrego Highway, North Tivoli.
The 67-hectare land-rich, open-air industrial estate was acquired for $35,500,000 by Centennial, underscoring the sustained demand for broad-acre industrial sites within the greater Brisbane area.
This latest acquisition expands Centennial’s Industrial & Logistics platform, which now comprises 61 assets valued in excess of $1.3 billion, along with a development pipeline of approximately $300 million.
SEQ’s industrial market characterised by low vacancy rates
With South East Queensland currently demonstrating one of the lowest vacancy rates in the country, this transaction highlights the attractiveness of well-located industrial assets with significant growth potential. Currently host to several prominent hardstand users, the site presents ample opportunities for positive rental reversion. Its expansive land area and strategic positioning make it an appealing prospect for businesses seeking to establish a strong industrial presence in the region.
Strategically positioned adjacent to the Warrego Highway on the outskirts of Ipswich, the site is zoned for Heavy Industry, and holds multiple EPA and Heavy Industry licenses, making it suitable for a wide range of industrial operations.
Long term vision for Warrego Industrial Park
Duped Warrego Industrial Park, Centennial plans to leverage the property’s distinctive attributes, such as its heavy industry zoning and the scarcity of available hardstand leasing spaces, to offer a compelling value proposition to prospective tenants. This strategic approach aligns with the growing demand for industrial spaces tailored to the evolving needs of businesses in the region.
For more information on this deal or to learn how Blue Commercial can service your asset, please contact Gary O’Shea at 0413 154 884 or gary.oshea@bluecommercial.com.au.