This article is from the Australian Property Journal archive
AFTER a recent investment boost, the Ausdeck Group will consolidate four of its six current industrial sites into one 13,000 sqm state-of-the-art purpose-built facility in Brisbane’s south following a leasing deal with Garda Property Group.
Australian owned and operated company Ausdeck specialises in the manufacturing of patios and roofing systems for both home improvement and commercial roofing markets. The company comprises Ausdeck Patios and Roofing, Roll Form Industries, Bent Sheetmetal, Fusion EPS and Pro Powdercoating,
Its new facility at 56-72 Bandara Street in Richlands will have 2,000 sqm of office space and 11,000 sqm of warehouse space, and include multiple gantry cranes and house some of Ausdeck’s high tech and specialised equipment, on a 30,313 sqm site.
Ausdeck Patios and Roofing will consolidate four of its current separate facilities in nearby Carole Park.
The 10 year leasing deal, which includes one five-year option, was negotiated by Mark Clifford of Knight Frank.
Construction has started on the facility.
The catalyst for Ausdeck’s property requirement was recent investment from industrial SME investor Alpin, that rapidly scaled Ausdeck’s growth throughout the eastern Australian seaboard. Alpin has 60,000 sqm of industrial property across ownership of a number of businesses.
The Ausdeck Group’s managing director Simon Plummer said the property deal will be transformative for the group by unlocking significant operational value, improving the group’s service offering to customers and creating a world-class facility that attracts global talent.
Clifford said he took Ausdeck’s brief to the market early in 2022 to find the right site to deliver its purpose-built facility, to provide the business with greater efficiency by being able to combine its operations into one location.
“We worked very closely with Ausdeck during the process; this will be their flagship site housing all its business operations under one roof over the long-term, so they wanted to get it right,” he said.
“The location was a key driving factor in the selection process, with the site being in close proximity to Ausdeck’s existing customers and transport networks including the Centenary and Ipswich Motorways.
It is also close Centenary Shopping centre and Forest Lake.
ASX-listed Garda Property Group is a real estate investor and developer with an industrial development pipeline of about 150,000 sqm in Brisbane and surrounds. Its established assets predominantly comprise industrial properties in Brisbane and commercial office properties in Melbourne.
“Ausdeck will have the custom-made head office solution it has been seeking, while we have secured an eminent tenant on a long-term lease for one of our premium sites,” said GARDA’s executive chairman, Matthew Madsen.
