Goodman Group (Goodman or Group) and joint venture partner Brickworks, are pleased to announce the commencement of 63,000 sqm of new developments within Stage 1 of Rochedale Motorway Estate, including a purpose-built 42,000 sqm distribution centre for Super Amart and a further 21,000 sqm facility.
Super Amart, one of Australia’s leading furniture, bedding and outdoor retailers has committed to a 42,000 sqm warehouse and office facility with a 15 year lease term. The transaction is the largest industrial pre-commitment in Brisbane over the last two years.
The new facility consolidates Super Amart’s operations from four outdated warehouses and will encompass a new National Support Centre and a modernised warehouse operation. An additional 8,000 sqm of expansion land has been included, confirming Super Amart’s long-term commitment to its Brisbane based operations.
Super Amart’s Group CEO, Lee Chadwick said: “We are proud of our Queensland origins and this new purpose-built facility, together with the introduction of updated technology and equipment, demonstrates an evolution of our business and our ongoing commitment to providing the best possible service to our customers. The site will also be the location for our new National Support Centre, reflecting a commitment that no matter how large the business grows, it will continue to remain Brisbane based."
Adjoining the Super Amart site, Goodman will develop a 21,000 sqm, three unit facility with completion scheduled for December 2016. JFC Australia (JFC), a leading distributor of Japanese food in the Australian market, has committed to a 5,500 sqm unit on a 12 year lease term. Super Amart and JFC join Beaumont Tiles which relocated its 13,500 sqm Queensland head office and distribution facility to the Estate earlier this year.
Located on the corner of the Gateway Motorway and Mt Gravatt-Capalaba Road, Stage 1 of Rochedale Motorway Estate will transform the site from an old clay mine into a state of the art business park, with up to 1,500 full time employees on completion. Stage 1 represents an approx. $200 million investment by Goodman and Brickworks, with approx. over $30 million of infrastructure already completed.
Goodman’s General Manager, Australia, Jason Little said: “Goodman’s Rochedale Motorway Estate offers a strategic location and unparalleled access to motorway connections, making it highly sought after by retailers looking to achieve greater operating efficiencies. The development of this impressive facility for Super Amart allows us to welcome another leading Australian retailer into Goodman’s Queensland portfolio.
On completion in January 2017, Goodman will have delivered in excess of 120,000 sqm of new developments in the TradeCoast precinct and over 200,000 sqm in the greater Brisbane area, increasing our investment in the Queensland market to in excess of $1 billion.”
Goodman has also acquired an additional 5.5 hectare site at Lytton adjacent to the Port of Brisbane. The site masterplan comprises a 30,000 sqm uncommitted development, which can be split into four smaller units and follows the success of last year’s 39,681 sqm development for Silk Contract Logistics and Yusen Logistics in the same location.
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For further information, please contact Goodman:
Group Corporate Communications Manager
Tel: +612 9230 7159
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver sustainable long-term returns for its Partners.
For more information: au.goodman.com
Brickworks Limited was listed on the Australian Securities Exchange in 1962 and has paid a dividend every year since then. It has three Groups - Building Products, Land and Development and Investments. The Building Products Group includes Australia’s largest bricks producer Austral Bricks, Austral Masonry, Bristile Roofing, Austral Precast, Auswest Timbers and Specialised Building Systems. The Land and Development operation maximises value from surplus land and redundant building products sites. Investments include a 42.72% holding in Washington H. Soul Pattinson & Company.
BRICKWORKS LIMITED (ASX CODE: BKW) www.brickworks.com.au