Stora Enso chooses Port of Brisbane as new Queensland base
Stora Enso, a leading provider of renewable wood and bio material products with world-wide operations, has pre-committed to a 5,950sqm purpose-built warehouse facility on a 1.8 hectare site within the Port of Brisbane’s Port West logistics estate at Lytton, Brisbane, the company said in its press release.
Construction of the new facility is being undertaken by FKG on behalf of PBPL (owner and developer), with occupation prior to end-2017. The site will be designed for the import, storage and distribution of timber products and will include over 8,000sqm of hardstand.
Port West Estate is located on Radar Street in Lytton, ideally positioned 6km from Port of Brisbane and 5km from the Gateway arterial network, making it one of the most desirable and connected logistics estates in Brisbane and South-east Queensland. The estate has further opportunities for design and construct lease arrangements.
According to the latest Colliers International research, take-up of industrial land is anticipated to pick up during 2017 as business sentiment gradually improves. On average, serviced land in Australia TradeCoast appreciated 10.3 per cent over the last year, with allotments sized 2000sqm to 5000sqm ranging from $300/sqm to $500sqm.