Raine and Horne Commercial

7 Commercial Insight July 2020 One of the points of difference for TRANSITION is that the developers behind it, Archerfield Airport Corporation, are planning to hold the land for the long-term, rather than develop and sell. With an in house development team in place and Space Frame builders contracted, it will build facilities for industrial users on lease terms generally ranging between 10 and 15 years. The subsequent cash flow will underwrite much needed renewal and development of aviation facilities on the airport itself. Greg Tate, Associate Director of Raine & Horne Commercial, said “as well as accommodating the needs of businesses already in the area, the large parcels of land available in TRANSITION would give larger distribution businesses the opportunity to come back into the Brisbane metropolitan area, after being forced to relocate to areas further south, or alternatively to areas such as Yatala in the east or Ipswich in the west, to accommodate their requirements.” “Archerfield is a strategic location for businesses in respect of both logistics and amenity,” he said. “It is the traditional heartland for industrial users and especially those in distribution. “Situated just off the Ipswich Motorway on Boundary Road, TRANSITION offers convenient access to all areas of Brisbane, the Sunshine Coast and the Gold Coast. In addition, significantly the major inland rail terminal at Acacia Ridge is only 1.5 kilometres from the estate via Kerry Road.” As a masterplanned estate TRANSITION is aimed at being ‘green’ and incorporates features such as large setbacks and facilities to cater for businesses like aeronautical parts storage and manufacturing, warehousing and logistics. It is a flood-free site that also has no boundaries to residential zones enabling 24/7 operations for industrial occupiers. Archerfield Airport was opened as Brisbane’s main airport in 1931 and is still in operation, being the major general aviation airport for Queensland. It now has 71 hangars and 82 other buildings with various uses, over 200 fixed wing aircraft and around 95 businesses operating from it, employing hundreds of people. Overall, the Archerfield Airport site covers around 257 hectares, with more than 75 hectares of undeveloped land available for both aviation and non-aviation uses. Small parcels of land on the site have already been developed for industrial use, but the land being made available for TRANSITION is the first major industrial development on the property. TRANSITION will deliver a new business community which will contribute to the economic growth of the region. It is estimated that the current masterplanned estate would facilitate the creation of 800 to 1000 employment opportunities as well as generating approximately 735 roles during the development phase of the project. The Archerfield Airport has also commi ed to delivering a brand new facility totaling 4,271sqm that is available for pre-lease now. Plans for this development have already been completed and available for review. The building will be ready for occupancy in 2021 and positioned in a prime position within the estate. For all TRANSITION Estate enquiries contact: Nick Comino 0412 151 492 or Greg Tate 0407 037 889 Works are well underway Artist Impression of brand new facility Artist Impression of brand new facility