This article is from the Australian Property Journal archive
NATIONAL lighting company SAL Nationwide has paid $3.3 million for a new speculative building in the Metroplex Westgate estate in Brisbane’s south-west.
Shaw Harrison and Callum Stenson of Savills sold the 36 White Place property in Richlands in conjunction with Mark Gillbride of CBRE on behalf of Compli Group.
The 1,800 sqm office and warehouse building traded at $1,833 per sqm, and features alpolic cladding to the front façade, side mounted glass balustrade on the staircase, louvered windows for ventilation, plus electric security fencing. It is one a 3,067 sqm site.
Harrison said SAL Nationwide came to market with the view of purchasing anywhere between the eastern Trade Coast region, to the western corridor.
“The buyer had a requirement for extra space as they needed to expand their wholesale warehouse lighting line.
“They also needed to be centrally located within close proximity to the distribution network of their customers and major arterial roads,” Harrison said.
The lighting industry is evolving rapidly with the technology of LED lighting and better efficiencies now an expectation of many market consumers. SAL Nationwide committed to the facility prior to practical completion, and were able to have the finished paint colour selection customised to align with their branding. Other recent occupiers within the Westgate Estate that have completed custom-built headquarters include AB Volvo, Loscam, Ardex and Vadals Butcher Supplies.
Australian Property Journal