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30 June 2023
South-east Queensland, an industrial-stock-starved region, is now witnessing an expressions of interest campaign for a prime industrial precinct in Yarrabilba’s new Mixed Industry Business Area. Developed by Lendlease, Yarrabilba is a masterplanned community situated between Brisbane and the Gold Coast. This initial stage of development offers 15 blocks of land, ranging from 1000 square meters to 4710 square meters.
Harry Homan, an associate director for industrial at JLL, who is collaborating with Donnelly and Associates to market the land, highlighted the scarcity of available land in the area. Over the past year, there has been a significant increase in demand and rates for industrial property. With the exception of a small-lot land release in Stapylton, which is nearly sold out, there is no competition for this type of industrial offering.
Positioned as the closest precinct to the south of Brisbane, the industrial area provides easy access to major arterial roads, including the Mt Lindesay Highway. Additionally, its strategic proximity to Yarrabilba’s future town center adds to its appeal. Businesses seeking growth opportunities beyond the traditional industrial areas and without specific location requirements or infrastructure dependencies, such as the Port of Brisbane, find the masterplanned community a compelling choice.
The Mixed Industry Business Area (MIBA) parcel has received pre-approval for a wide range of uses, encompassing showrooms, a garden center, entertainment venues, recreational facilities, and low to medium-impact industries. Homan particularly highlights the strong potential for showrooms, warehousing, and self-storage facilities. Given the surrounding farmland, agricultural supply premises and showrooms are expected to be a significant drawcard.
Civil works for the industrial precinct are scheduled to commence in July of this year, with a target completion date set for mid-2024. As industrial assets remain in high demand, this development in south-east Queensland emerges as an attractive opportunity for businesses seeking favorable locations within a masterplanned community. With limited available land in the region, the opening of the expressions of interest campaign for the prime industrial precinct in Yarrabilba’s Mixed Industry Business Area is expected to generate significant attention from potential investors and occupiers alike.