This article is from the Australian Property Journal archive
COMMERCIAL construction applications leader Burndy Cable Support Systems is consolidating three Brisbane sites under the one roof after precommitting to a 9,200sqm facility at Centennial’s Acacia Ridge Industrial Park in Brisbane’s south.
Burndy CSS has signed a 10-year lease over the 131 Beenleigh Road facility in a deal negotiated by CBRE’s Jack Hardy, Peter Turnbull and Myles Clentsmith. The freestanding facility includes a 200sqm office and a large, dedicated hardstand and yard for external storage purposes.
While the Burndy CSS rental has not been disclosed, industry sources said market rents range between $100 per sqm and $120 per sqm.
Hardy said it was a long-awaited site consolidation for Burndy CSS, which originally went to market in late 2020 to amalgamate its three existing Acacia Ridge warehouses to support growth related to an increase in Australian infrastructure projects.
“While land shortages have led to a lack of new industrial developments in Acacia Ridge, Centennial has adopted a highly innovative approach and been able to repurpose rather than knock down and have lifted the roof on the existing warehouses by five metres to 11.2m in order to suit occupier requirements – something that hasn’t been done before in the Queensland market.”
Centennial executive director and CEO Paul Ford said the new leases were pivotal in the continued delivery of Centennial’s “land rich, mid-space” strategy.
“The Burndy CSS commitment has proven the current market’s strong appetite for flexible, infill/last mile industrial and logistics facilities and Centennial’s ability to innovate,” Ford said.
The 4.66ha estate is situated in Brisbane’s inner ring industrial precinct, 30km south-west of the Port of Brisbane, 27km south-west of Brisbane Airport,13km south of the Brisbane CBD and 1km north-east of the Acacia Ridge (Linfox) freight terminal.
Approximately 14,000sqm of space is still available for lease, with an estimated mid-year practical completion date.
