24 Nov 2020
BRISBANE, 24 NOVEMBER 2020
General merchandise provider, Pacific Optics Pty Ltd has expanded its presence in Queensland by securing a 9,107 sqm bespoke warehouse facility in Frasers Property Industrial’s Yatala Central.
A seven-year lease has been secured for the new facility located at Bluestone Court, Yatala. Pacific Optics is anticipated to move into the new premises in August 2021 and will relocate from their existing warehouse in Yatala.
Troy Whalan, General Manager Queensland for Frasers Property Industrial, comments, “Yatala has been one of our great success stories. Its position between Queensland’s two largest cities - Brisbane and Gold Coast makes it an ideal destination for company’s seeking to expand in the state as well as access to interstate transport routes. Pacific Optics joins O-I Glass, Beaulieu Australia, Oji Fibre Solutions, Reward Hospitality and Schutz Australia.
“The very strong population growth in the northern Gold Coast region and a shortage of serviced industrial land has helped Yatala Central attract major transport and manufacturing companies servicing Australia’s eastern seaboard.”
Martin Best, Managing Director at Pacific Optics, said “We conducted an extensive search of both established warehousing and development sites. Yatala Central is close to our existing facilities and has excellent transport links to the Gold Coast and Brisbane. We could see it was a high-quality development based on the warehousing that already exists in the estate.
“The new warehouse will enable us to consolidate our three facilities into one as well as facilitate the anticipated annual double-digit growth over the next five years.”
Dave Kertesz, Manager at Cushman & Wakefield comments, “Many Gold Coast businesses including Pacific Optics are growing at a rapid rate with Yatala being a premier location choice for large scale industrial warehousing. We expect to continue to see this trend of successful businesses increasing their footprint in the South East Queensland market. Yatala is seen as an important industrial hub due to its strategic positioning, competitive rental rates and first-class facilities.
Pacific Optics’ facility incorporates a loading dock, roof clearance height is 12 metres, state-of-the-art office and outdoor retreat area including a half-sized basketball court.
Last year, Frasers Property Industrial acquired a 65-hectare prime industrial site from Seymour Group, taking its industrial land holdings and developments in the Yatala area to 90-hectares.
The land parcel is located on Stapylton Jacobs Well Road in Queensland’s Yatala region. It is also within three kilometres from Frasers Property’s industrial development, Yatala Central. The new site will accommodate up to 300,000 sqm of built form, enabling Frasers Property to service existing and new customers. Construction is expected to start early next year.
Dave Kertesz from Cushman Wakefield brokered the deal.