Case Studies

DRIVE Industrial Estate 301 Orchard Drive, Richlands QLD

DRIVE estate offered an innovative, flexible, sustainable and high specification design and set a new brenchmark for industrial development in Brisbane. The premium estate offered a range of uses including warehousing, manufacturing, logistics, storage and research and development.

Due to the strength of the current market, owners Dexus, planned to speculatively construct building 5, of the 5 buildings in the estate, comprasing of approx 35,000sqm Gross Floor Area (GFA). Through market intelligence we became awre of an accommodation brief from Westfarmers, the owners of Target,was in the market and the DRIVE matched the brief perfectly.

DRIVE estate was chosen by Westfarmers due to the numerous benefits it offered. The standout benefit were:

– Stratgeic location with convenient access to major road transport network
– Up to 13 metre super height warehouse with ESFR sprinklers
– Developed by an experienced, long term Owner and Manager.

Lease overview*
Tenant:Target / DHL
Gross floor area:35,070m²*
Rental rate (net):$110/m²*
Lease term:5 years
Lease option:5 years
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