Metroplex Westgate Delivers New Land After First Stage Completion.
3 February 2017
GPT Metroplex will soon commence earthworks on the second stage of its Metroplex Westgate business and industrial park development in Wacol, following strong demand for land in the completed first stage of the project.
The start of construction on Metroplex West comes as the first stage, known as Metroplex South, reaches completion. Metroplex South comprises 14 lots – nine of which have either already been sold or now under contract. The five remaining lots in Metroplex South range from 3,067sqm to 17,023sqm.
Metroplex South is now fully serviced with electricity, water, fibre optic broadband and provides direct access to the newly upgraded section of Boundary Road and the Ipswich, Centenary and Logan Motorways.
Construction has now commenced in Metroplex South for building products manufacturer Ardex Australia and pallet pooling provider Loscam, along with a new service station and retail centre.
Lots that will be offered in the new 140,000sqm Metroplex West stage one precinct will range from 6,190sqm to 32, 740sqm. Metroplex West will also contain the new Australian corporate headquarters for international truck manufacturing giant AB Volvo.
Managing Director of GPT Metroplex, Peter Macgregor, said Metroplex Westgate was in a prime position to capitalise on both present and future demand from businesses looking for a foothold in Brisbane’s new western business district.
“Metroplex Westgate offers soon to be titled sites for purchasers looking for an immediate construction start, along with land that is currently being developed and will be ready in about 12 months for businesses that need the extra lead time,” he said
“There is great flexibility in terms of lot sizes, with the potential to amalgamate or subdivide depending on purchaser requirements.
“GPT Metroplex’s recently completed $20 million upgrade to Boundary Road means Metroplex Westgate now has direct access to the Logan, Centenary and Ipswich Motorways, connecting to South East Queensland’s CBDs, rail networks and Airports.
“This combination of improved infrastructure and ready-to-build sites will accelerate sales over the coming months.”
Metroplex Westgate is being marketed by Cushman & Wakefield and Jones Lang LaSalle (JLL).
Cushman & Wakefield agent Corey Bott says he anticipates the next 12 months will be active for industrial and commercial land sales.
“Business confidence is gradually improving and it is expected that the owner-occupier market will continue to grow parallel to the improving state of confidence and economic stability,” he said.
JLL agent Gary Hyland agrees the market is strengthening, and that new land supply at Metroplex Westgate will be absorbed by purchasers who have been waiting for the right opportunity.
“There is latent demand for sites under one hectare in Brisbane’s western corridor, which is exactly what Metroplex Westgate is delivering,” he said.
“The developer has been watching the market and has been prudent to offer a variety of sites suited to a range of uses, with excellent connectivity for manufacturing and logistics businesses.”
Metroplex Westgate will ultimately comprise 300,000sqm of industrial, commercial and retail floorspace, along with 17 hectares of green space and nature corridors.