Investa Land recorded the highest volume of industrial land sales in South East Queensland for fiscal 2013, accounting for more than 33 percent of industrial land sold, according to independent research by M3property.
Investa Land's Swanbank Enterprise Park at Ipswich and New Base Business Park at Brendale attracted buyers seeking larger land parcels, which accounted for the company achieving 27.5 hectares of sales within the last financial year.
Swanbank Enterprise Park accounted for around 90 percent of industrial land sales recorded in Ipswich in 2013, with commitments from blue chip operators Holcim and Hy-Tec. Investa’s New Base marked a milestone in July 2013 with the start of construction of a $75 million distribution centre for the Super Retail Group.
Bruce Harper, General Manager Investa Land Queensland, said the state’s industrial land market was poised for growth.
“Market confidence has returned to the sector and we are seeing a growing interest across our industrial land portfolios, particularly with respect to larger land parcels,” Mr Harper said.
Recent ABS data showed Queensland outperformed every other Australian state last financial year in state final demand growth, with a continued pick-up in retail spending and consumer confidence set to stimulate construction activity over the next 12 months.
Mr Harper said new markets were emerging and Queensland was ideally positioned to take advantage of these industries.
“One area of significant opportunity is the fast-growing online retailing industry, which has increased demand for large warehousing and distribution facilities close to major arterial roads and transport hubs,” he said.
Mr Harper said market indicators were showing a fall in the smaller lot precincts and a growing demand for land parcels greater than 5,000 square metres as larger manufacturers and distributors took advantage of greater cost efficiencies.
An analysis by M3property has revealed that current industrial sites in the Logan Motorway Corridor and Yatala have a diminishing existing supply.
“The reduced availability of larger parcels across the Greater Brisbane Region, Logan Motorway Corridor and Yatala will ensure Investa Land’s 300 hectare Swanbank Enterprise Park is well positioned to take advantage of the growth in the changing manufacturing and distribution landscape,” Mr Harper said.
According to M3property, Swanbank should benefit from its proximity to the Greater Springfield and Ripley Valley growth corridors, resulting in rising prices over the medium to longer term and increased interest from building suppliers as the residential market shows signs of recovery.
“Swanbank is poised to take advantage of growing business confidence and has the capacity to provide for the needs of larger warehouse distribution facilities given its size, diversity of land parcels and proximity to emerging residential corridors and infrastructure,” Mr Harper said.
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.