Goodman Group (Goodman or Group) is pleased to announce the development of a new 12,500 sqm pre-committed distribution centre for Northline, a leading transport and logistics provider, at its $350 million Redbank Motorway Estate at Ipswich in Brisbane’s south west.
The new development for Northline is the second pre-commitment for Goodman at the 62 hectare Redbank Motorway Estate and will accommodate Northline’s South East Queensland business. It follows a 31,400 sqm pre-commitment by DB Schenker at the estate late last year.
Northline has committed to an eight year lease term and is expected to employ a workforce of around 60 people at the facility. Development has already commenced, with completion expected in late September 2014. The new facility will include a high clearance warehouse with an undercover breezeway for all weather loading and associated office space for the company’s Queensland state office.
Northline’s CEO, Craige Whitton said: “Locating our new facility at Redbank demonstrates our commitment to the State of Queensland and will result in logistical efficiencies for both our customers and supply chain partners. Our goal is to further improve our service offering in the region and enhance our national distribution network. Redbank’s direct access to the Ipswich Motorway and close proximity to the Logan and Centenary Motorways will assist us in achieving this.”
Both Northline and DB Schenker will also benefit from the new Redbank Link Bridge which opened today, providing businesses located at the estate with direct B-double truck approved access to the recently upgraded Ipswich Motorway. An event was held onsite to mark the occasion with the Hon. Steve Minnikin, Assistant Minister for Transport and Main Roads, City of Ipswich Mayor, Paul Pisasale, City of Ipswich Councillor, Paul Tully, and representatives from Goodman and Northline in attendance. The Redbank Link Bridge demonstrates the City of Ipswich and the Queensland Government’s commitment to attracting new businesses to the estate and future growth within the region.
In addition to the Northline and DB Schenker developments, two new speculative facilities of 10,800 and 14,800 sqm are also being developed at Redbank Motorway Estate and are due to complete in July 2014 and September 2014 respectively. The Estate has sufficient developable land to deliver a further 240,000 sqm of prime industrial space for a range of individual business uses, including level, serviced building pads greater than 20 hectares available for immediate development. When fully completed, the estate will also feature 19 hectares of new public open space and parklands.
The latest development activity at Redbank Motorway Estate follows the recent pre-commitment of a 19,500 sqm warehouse facility for Silk Contract Logistics at Lytton Motorway Estate, adjacent to the Port of Brisbane and in close proximity to the Port of Brisbane Motorway. Goodman will also shortly commence a speculative 20,000 sqm high clearance warehouse development at Lytton Motorway Estate, with new space from 10,000 sqm available in early 2015.
Separately, at Rochedale in Brisbane’s south east, Goodman will develop a 125,000 sqm business and logistics park as part of a joint venture with Brickworks. The estate provides direct motorway access to the Port of Brisbane and is in close proximity to Brisbane’s traditional southern industrial precincts. New facilities are expected to be delivered in 2015.
Goodman’s General Manager Australia, Jason Little concluded: “Brisbane remains an important market for Goodman as evidenced by the continued expansion of our development activity. Our significant development pipeline allows us to meet the strengthening customer demand for serviced, well located land and large scale, quality warehouse facilities in the greater Brisbane region.”
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For further information, please contact Goodman:
Group Corporate Communications Manager
+61 2 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 fund managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
Incorporated in 1983, Northline is a privately owned and managed Australian company specialising in four major areas of service provision: road and rail freight management services; warehousing and distribution; global freight forwarding and mining, construction, oil & gas logistics.
With 13 branches across the nation, the company’s extensive operation employs over 400 staff as well as full-time subcontractors in all mainland capitals and many key regional centres. For more information visit www.northline.com.au