We have acquired an industrial development site in Heathwood on the south side of Brisbane. The site was acquired in September 2021 for $30,000,000. It is due to settle in November 2021. The site has a current Development Approval for 24 industrial lots ranging in size from 5,000 to 12,400sqm.
The industrial land market in South East Queensland has seen a surge in demand over the past few years and development sites such as this have become scarce.