Aspire and get results
ALDER’S Yatala estate has sold out realising $25 million following the sale of its final three lots.
The estate is being developed on an 11ha site off Pearson Rd, which Alder Developments bought in 2017.
The 15 lots range from 4119sq m to 8995sq m and buyers include Francebased multinational road construction company Colas, which bought three lots for $5 million.
Marketing agent, Corwells’ director Paul Bates, hailed it as a success, appealing to businesses seeking the flexibility of high-impact zoned land and ease of access to the M1.
“Industrial land is the backbone of industry and Yatala has emerged as a place to be for anyone invested in the industrial space,” he said.
“Supply is running out closer to Brisbane and the Gold Coast which is placing increasing emphasis on Yatala and driving demand for industrial precincts like Aspire.
“Aspire enables residents to futureproof their business with the ability to alter their hours and even change the type of operations taking place.
“The rare high-impact zoning caters for a range of operations making it a strong drawcard for tenants seeking long-term flexibility for how and when they do business.”
Lightwave Yachts managing director Roger Overell, whose business makes built-to-order catamarans, said relocating to Aspire has had a positive impact on its day-to-day operations and growth prospects.
“Aspire appealed to us because it is a new development with large land parcels on offer. Since being at Aspire the business has grown exponentially,” he said.
“Moving from an old, rundown factory, our staff are enjoying working in a purpose-built manufacturing facility. It is a clean, neat, and tidy looking operation and our clients love it. There is no doubt it has lifted the profile of the business and our business has increased.”
Mr Overell said it had recently finalised stage one of construction of its 2000sq m facility with operations under way. “At Aspire we have been able to achieve a manufacturing production facility that meets our needs with good access for trucks, close location to the highway, and proximity to the Gold Coast, Brisbane, and the Port of Brisbane.
“Being able to be fully operational 24/7 was also a big factor for our business and will ensure the future growth of our company.”
FIVE former Cushman & Wakefield agents have launched an agency, aiming to give the big boys in the market a run for their money.
Dave Kertesz, Jacob Zhou and Josh Wright, Corbin Crain and Clint Bott have launched Crew Commercial based on the Gold Coast and Brisbane and focusing on sales and leasing of industrial and commercial property.
Mr Kertesz, Mr Zhou and Mr Wright will run the Gold Coast operation, leveraging off their extensive experience in the industrial market where they have closed collectively 130 transactions each year.
Mr Bott and Mr Crain, also previously with Cushman & Wakefield, will focus on the Brisbane industrial market.
“We have experienced what works and what doesn’t and we are making operational decisions based solely on what is best for our clients and have set up a collaborative structure that is supported with the latest technology,” Mr Wright said. “The idea of Crew Commercial came from a shared vision of wanting to be part of a dynamic and high-performing agency that focuses on providing the highest level of service to our clients.”
Mr Wright said the Gold Coast industrial market had gone from “strength to strength”. “This comes off the back of increasingly high demand for industrial assets, with little available supply as well as the low-interest rate environment, government grants and construction incentives as well as ongoing infrastructure projects,” he said.