Investa Land announced today the start of construction of a $75 million Super Retail Group (SRG) warehouse distribution facility at its New Base Business Park at Brendale, generating new employment and business opportunities for Brisbane’s northside.
Approximately 400 jobs will be created during the construction and fitout, with 220 people employed upon completion of SRG’s 50,000 square metre facility.
The 10.5 hectare site on which it is located has been acquired by Washington H. Soul Pattinson & Company’s Australian Logistics Property Fund, that will build, own and manage the facility.
Welcoming the development, Cameron Holt, CEO Investa Land, said it marked a major milestone for the 85 ha master planned estate, which was quickly becoming a key part of the industrial market on the northside.
“Super Retail Group is one of Australia’s top 10 corporate retailers, with its leading brands including BCF Boating Camping Fishing, Rebel and Supercheap Auto. Since its founding in 1972, the Queensland-based group has grown to become a leading specialty retailer with operations in Australia and overseas,” Mr Holt said.
“Importantly, the group was established in the same area by Reg and Hazel Rowe and we are very proud to welcome it back, at Investa’s premium fully serviced business park.”
SRG CEO, Peter Birtles, said the new facility was part of the group’s ongoing expansion, with the goal of becoming one of the five largest retailers in Australasia.
“We are pleased to make this investment in Brisbane’s northern corridor, which will generate growth opportunities for SRG and our associated businesses and partners,” Mr Birtles said.
“Investa has been highly supportive of our expansion needs and we look forward to further strengthening the relationship across our operations.”
Brendale’s largest industrial development, the strategically located business precinct is the main industrial node servicing north Brisbane. It is situated within 24 kilometres of Brisbane Airport precinct or the CBD and serviced by three major arterial roads in the second-fastest growing council area in Australia.
Justin Sherlock, Development Manager for New Base Business Park, said the site was perfectly suited to transport, logistic and retail distribution users such as SRG.
“SRG is a perfect anchor tenant and demonstrates New Base’s ability to attract blue-chip companies,” Mr Sherlock said.
“New Base is rapidly becoming the industrial location of choice on the northside, with its range of flexible space solutions for smaller firms to major international businesses.”
About Investa Land
Investa Land undertakes industrial and residential development in key growth corridors across Australia. With a pipeline value of more than $3 billion, our developments encompass broad-acre and infill subdivision, incorporating more than 9,500 residential lots and over 550 hectares of industrial land.
Investa Land strives to deliver sustainable, community based projects that are progressive and of high quality, that are well serviced by transport, infrastructure and amenity.
Led by highly experienced senior management and development teams with a broad range of expertise, Investa Land is able to add significant value at each stage of the project lifecycle. With a record of forming strong relationships, particularly with joint-venture partners, Investa Land is committed to extending existing business relationships and developing new opportunities with like-minded individuals, organisations and government.
Figures current as at May 2013.