Metroplex At Westgate Site on The Market.

The first stage of Brisbane’s new $1 billion industrial and business park – Metroplex at Westgate – will be released to the market this weekend, addressing the chronic undersupply of large industrial lots across the city.

The Wacol-based site, situated just 15km from the CBD, can be sold in one line or subdivided into parcels from two to 16 hectares to meet purchaser requirements, with the precinct fully approved and civil construction able to commence immediately.

Joint marketing agents CB Richard Ellis and Wright Property Group anticipate strong demand from end users, with recent research revealing that there is currently an acute shortage industrial land available in Brisbane’s western corridor precinct  with the 55 hectare Metroplex set to boost supply over the next five years.

CB Richard Ellis Director Peter Turnbull said the first release was an opportunity for astute owner occupiers or tenants to get in on the ground floor of the masterplanned industrial and business park, which was being touted as a new hub for businesses operating in the city and  resource and mining regions in the west.

“There is strong underlying demand for industrial land in Brisbane but until now there has been nothing on the market that ticks all the boxes in terms of being centrally located with great exposure to the highway, having large five-plus hectare lots and the potential for immediate civil construction,” he said.

“Metroplex is cradled by the Ipswich Highway and Centenary Motorway, and is within proximity to Legacy Way, making Brisbane Airport accessible within 35 minutes, while Toowoomba and western mining and resource towns are just a 90 minute drive away.

“The key to the success of this first release is that we can be really flexible in delivering the exact size and shape of the lot purchasers are looking for, and provide a dedicated architect and builder to assist owner occupiers and tenants to move on site with a view to being operational by 2013.

“The site is level, and flood-free and will ultimately be part of an integrated business park which will boast four stages of  industrial lots along with a central precinct comprising facilities like office space, childcare, fitness clubs, a medical centre and pharmacy, supermarket and a civic square for gatherings and performances.

“This development is being based on its already successful sister project Metroplex at Gateway in Murrarie, which is home to some of Australia’s leading commercial brands and manufacturers.”

Wright Property Group director Glen Wright said Metroplex at Westgate purchasers would benefit from a host of infrastructure and environmental upgrades to the site and surrounding areas.

“Metroplex already boasts great connectivity to major service and arterial roads, but this will be improved with a $20 million upgrade for the widening of Boundary Road, plus the construction of an $8 million bridge to improve accessibility to the interchange on major roads,” he said.

“Metroplex at Westgate will also set a new standard for sustainable industrial development, with a series of parks and up to 15 hectares of environmental protection areas to not only preserve native species but improve and rehabilitate  areas like Bullockhead Creek.

“All central amenities and buildings will be designed to achieve a high energy efficiency rating, and water reclamation and reuse will be employed with a targeted reduction of up to 70 per cent.

“Initial transport and environmental works will commence in tandem with civil works to connect  power, gas water and high-speed internet services to the site, which will happen once the first stage is sold out.

“Based on current market take up rates of 60 hectares per annum  – which is the highest we have seen in about five years – we expect the first tranche of land to be secured by October this year, with construction on site well underway by early December.”

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