ESR Australia expands Gilmore Industrial Estate with $17.65m acquisition

ESR Australia has expanded its Gilmore Industrial Estate in Berrinda, acquiring a 7 hectare adjacent parcel that is set to increase their development pipeline.

The $17.65 million acquisition doubles ESR’s holdings on the site and takes the total land size to 12 hectares of industrial land.

Craig Robertson, General Manager – Queensland for ESR Australia, said that the sustained growth of e-commerce continues to drive demand for warehouse and fulfilment services, and through continued strategic acquisitions, ESR is well placed to expand and enhance its capabilities to meet this growing demand.

“The acquisition of the parcel adjoining our existing Gilmore Industrial Estate provides ESR Australia with the capacity to deliver up to 65,000sqm of developed finished warehouse product,” Robertson said

“ESR Gilmore Industrial Estate benefits directly from the Transurban Queensland’s Logan Enhancement Project, providing ESR Australia with a strong opportunity to the expansion of premium logistics assets in Queensland and cater to future growth,” he said.

Berrinba is one of Brisbane’s most sought after logistics and warehousing locations in Brisbane due to its direct access to wider industrial markets and connectivity to major transport networks. With substantial amenity and flexible tenancies from 5,000sqm to 25,000sqm, the ESR Gilmore Industrial Estate is a prime development.

Nick Evans, Associate Director Industrial Colliers, said that the Covid-19 pandemic has re-enforced the important role industrial warehousing, and logistics facilities play in the broader consumer market.

“Continued shutdowns of retail and restaurant and hospitality venues along with borders have placed increased pressure on supply chains, and e-commerce spend bolstering warehousing requirements nationally,” Evans said.

The estate has excellent connectivity to Brisbane’s major transport networks, including the Logan, Gateway, Ipswich and Pacific Motorways, providing direct access to the wider Brisbane industrial markets, the Airport, Port, Gold Coast and growing western corridor. Flexible tenancies are available within ESR Gilmore Industrial Estate from 5,000sqm to 48,000sqm.

Related: ESR Australia secures first two anchor tenants at new Acacia Ridge Business Park

Source: ESR Australia