Recently, Blue Commercial and Modus Property sold two adjoining industrial development sites in Brendale. Gary O’Shea and James Enticknap managed the process for Blue Commercial, working alongside Nick Bandiera of Modus Property Group.
The sites were acquired and amalgamated by Unison Projects, creating a consolidated landholding that Blue Commercial and Modus Property took to market on their behalf.
About the Brendale Location & Sale
Brendale is currently one of North Brisbane’s largest and most central industrial precincts, and vacancy is amongst the lowest in Queensland. This presented a prime opportunity for Blue Commercial and Modus Property to offer the 8.67 Ha greenfield industrial sites at Lot 506 Eadie Court and Lot 916 Stanley Street, Brendale. The sites have the following features:
- Lot 506 Eadie Court: 2.22 hectares. Levelled, serviced, and ready to build.
- Lot 916 Stanley Street, Brendale: A 6.45 hectare englobo site offering 4.98 hectares of developable area.
Both of these sites were offered to the market in a campaign that generated over 60 qualified Expression of Interest enquiries, a clear indicator of demand for industrial land in Brendale and North Brisbane as a whole. Following this campaign, the two sites have now been acquired by LogiSPACE, and this marks their entry into the Greater Brisbane market.
LogiSPACE has plans to deliver a first-class, institutional-grade industrial estate across two stages with an end value of around $170m. A great offering for the Brendale industrial area.
Blue Commercial’s Managing Director, Gary O’Shea, told The Industrialist, “This transaction highlights the continued demand for strategic infill industrial landholdings across the greater Brisbane region, underpinned by strong occupier demand for modern, efficient warehousing solutions. With Brendale currently experiencing a vacancy rate below 2%, LogiSPACE’s timing is ideal, and the quality of product they are set to deliver is expected to have broad market appeal.”
What we expect from here
We expect continued competition for serviced infill land across North Brisbane, particularly where sites are large enough to accommodate an estate rather than a single facility. Brendale and the wider northern corridor are where that demand is most concentrated at present, and there is no near-term supply response that meaningfully changes the vacancy picture.
The entry of a new developer into the Greater Brisbane market is also a signal in itself. Interstate and offshore capital tends to follow tenant demand, and it is following it here.
The full transaction announcement was published by The Industrialist.
If you own industrial land in North Brisbane and want an honest read on what it would achieve in the current market, speak with our Industrial & Logistics team.