Case Studies

1-5 Bishop Drive, Port of Brisbane

Located on-island in the Port of Brisbane, the IPS Logistic Facility provides outstanding warehouse, transport, and logistics solutions to occupiers reliant on import/export of sea shipment products moved through the Port of Brisbane. The proximity to major arterial road networks servicing South East Queensland and beyond, ensures substantial cost savings for operations from the site.

Comprising of five (5) existing warehouse and office buildings, the site also has vacant land attached with a DA in place to build a further 20,000m² of new accommodation.

Other key features of the complex include :
– Large all-weather awnings ideal for container pack/unpack
– Ample hardstand with container rated point load
– Security controlled site with 24/7 operating approval
– Approved access for A Doubles & Super B’s
– Fully AQIS (Australian Quarantine Inspection Service) accredited

The Buyer, Logos Property is a specialists development and investment manager, with a sole focus on logistics real estate. Due to their recent strategic forays into the Queensland industrial sector, Graham Norris was able to piece together Logos Property’s investment requirements with IPS Logitics plans to raise funds for further expansion and a deal was done.

Sale Overview
Method of Sale:Off Market – Private Treaty
Sale Price:$60-65million (reported)
Settlement Date:March 2016
Land Area:183,200m²*
Gross Floor Area (GFA):71,070m²*
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