Metroplex Westgate Commences Works On Next Stage

Only three lots remain available in the first two stages of the business and industrial park, prompting works to commence on the newest stage, Metroplex East.

Metroplex Westgate director Alex Pradella says the release will open the development up to a new group of purchasers seeking smaller lots.

“Recent activity means we have passed a milestone to start work on delivering our next precinct to keep pace with market demand,” he said.

“Metroplex East offers the chance for businesses to get a foothold in Metroplex Westgate with premium smaller lots approved for MIBA (mixed use). The result is a range of lots that allow end users broader use than permitted in traditional general industry zoned developments.

“We offer serviced land and customised turn-key design and construct packages, which several  of our recent buyers have taken advantage of.

“The project also benefits from immediate access to the Centenary, Logan and Ipswich Motorways, which makes Metroplex particularly appealing to companies involved in manufacturing and logistics.

“In the heart of Metroplex East is the planned ETRO amenity precinct, which is envisaged to include a retail village including shops, restaurants, a medical centre, civic areas, childcare and fitness facilities. The newly released stage is in a prime location enveloping the proposed heart of the estate.”

Metroplex East is expected to have lots ranging from approximately 1,800sqm to 1.8 hectares ready to build on by the first quarter of 2019.

Metroplex Westgate is being marketed by banner agents Cushman & Wakefield and Jones Lang LaSalle (JLL).

JLL’s Director of Industrial, Gary Hyland says there is still a scarcity of smaller industrial lots in western Brisbane.

“Up until now the entry point at Metroplex Westgate was a 3,000sqm lot – that has almost halved to 1,800sqm in this new release. This is in response to growing demand from small to medium industrial users,” he said.

Cushman & Wakefield Director Qld, Corey Bott says there is plenty of opportunity in the market for spec built warehouses, which have become a rarity.

“There’s not only a shortage of land, but also a shortage of existing warehouses. Since the GFC, developers have taken a step back from spec builds but I think we will start to see some more activity in this space,” he said.

“Owner occupiers and tenants are realising that it can be difficult to find an existing building that suits their needs and that has also resulted in a lift in activity.”

Metroplex Westgate is already home to packaging solutions company Loscam, building products company Ardex and commercial food industry suppliers Vadals and Bidfood. Volvo Australia is expected to open its new national headquarters at Metroplex Westgate this month.