Colmslie and Eagle Farm Properties to be Offered for Sale
27 April 2005
Port of Brisbane Corporation Chief Executive Officer Jeff Coleman today announced the sale of properties at the Corporation’s Colmslie and Eagle Farm estates.
The first, a modern cold-storage facility at Colmslie, is leased to Global Seafoods Limited for ten years from April 2001. Constructed to a high standard, the building has a net lettable area of approximately 3,600 square metres and an income of approximately $550,000pa. Jones Lang LaSalle has been appointed to sell the property, with offers for expression of interest closing on 8 June.
The second property is a major industrial facility at Eagle Farm available to owner-occupiers or investors with potential for expansion. It comprises a warehouse of approximately 8,000 square metres, modern offices of approximately 386 square metres, and associated building on approximately 4.5 hectares of land. Knight Frank has been appointed to sell the complex and offers for expression of interest close on 9 June.
According to Mr Coleman the sale of these properties is in accordance with the Corporation’s policy of releasing certain property assets to provide capital for the ongoing development at the Port of Brisbane.
“The properties are situated in prime positions where demand in recent times has been unprecedented. We anticipate a strong response to these campaigns”, he said.
The Port of Brisbane Corporation is responsible for the operation and management of Australia’s third-busiest container port, where more than $730 million of infrastructure investment has occurred over the past 25 years.
The port has nine deep-water container berths and three deep-water bulk berths, complemented by 17 bulk and general cargo berths upriver.
Port of Brisbane Corporation Chief Executive Officer Jeff Coleman today announced the sale of properties at the Corporation’s Colmslie and Eagle Farm estates.
The first, a modern cold-storage facility at Colmslie, is leased to Global Seafoods Limited for ten years from April 2001. Constructed to a high standard, the building has a net lettable area of approximately 3,600 square metres and an income of approximately $550,000pa. Jones Lang LaSalle has been appointed to sell the property, with offers for expression of interest closing on 8 June.
The second property is a major industrial facility at Eagle Farm available to owner-occupiers or investors with potential for expansion. It comprises a warehouse of approximately 8,000 square metres, modern offices of approximately 386 square metres, and associated building on approximately 4.5 hectares of land. Knight Frank has been appointed to sell the complex and offers for expression of interest close on 9 June.
According to Mr Coleman the sale of these properties is in accordance with the Corporation’s policy of releasing certain property assets to provide capital for the ongoing development at the Port of Brisbane.
“The properties are situated in prime positions where demand in recent times has been unprecedented. We anticipate a strong response to these campaigns”, he said.
The Port of Brisbane Corporation is responsible for the operation and management of Australia’s third-busiest container port, where more than $730 million of infrastructure investment has occurred over the past 25 years.
The port has nine deep-water container berths and three deep-water bulk berths, complemented by 17 bulk and general cargo berths upriver.
For further information, please contact:
| Greg Russell Knight Frank M: 0412 420 736 | Damon Falcongreen Jones Lang LaSalle M: 0411 606 060 | John Tormey Port of Brisbane Corporation M: 0418 197 878 |
