This article is from the Australian Property Journal archive
THE Quatius Group has bought an industrial property at Richlands in Brisbane’s south-west for $10.2 million.
Located at 60 Fulcrum St Richlands, the 7,856 sqm property comprises 6,678 sqm of warehouse space and 1,178 sqm of office space.
Wilmar Gavilon occupies 859 sqm of the office space, having recently signed a five-year lease, while the remaining space will be occupied by SONIQ – an electronics manufacturer and distributer.
CBRE’s Ben Lyons and Peter Turnbull negotiated the sale on behalf of Evermac Investments, a subsidiary of McPhee Distribution Services, which relocated to a purpose-built site at Larapinta.
Lyons said the Quatius Group had been looking at properties suitable for its SONIQ operations in Brisbane’s west for some time.
“The features and location of this property suited SONIQ’s needs exactly, with it able to support the brand’s growing Australian operations,” Lyons said.
Lyons said well positioned assets in Brisbane’s western corridor were in strong demand.
“In the past six months specifically, we have seen significant enquiry from logistics and distribution users to secure property within that precinct.” He concluded.
Property Review
