- The 731 Johnson Road asset is fully zoned
- The asset is located south of the Heathwood Logistics Estate, home to Woolworths and Coles warehouses
- Clarence currently manages 38 properties valued at $575 million
Fund manager Clarence Property has today announced the purchase of Hub Heathwood, a large industrial land estate in of the fastest growing regions in south east Queensland.
The asset at 731 Johnson Road has a range of fully zoned and serviced industrial blocks, and is located just 300 metres from the Logan Motorway interchange.
Clarence Property purchased the asset for $30 million, with plans to develop and deliver premier industrial facilities across the 24 lots.
The offerings will range from 500 to 7,000sqm catering for numerous types of business sizes and operations.
“With our growing portfolio of industrial properties, development projects and the significant growth and demand in the south-west corridor, Hub Heathwood offers us another opportunity to provide value to our investors whilst providing premier facilities for future tenants,” said Peter Fahey, Clarence Property’s managing director.
“We are already fielding significant interest from industrial users, showing there is a strong demand in this location with supporting infrastructure and road networks.”
The deal was negotiated by Mark Clifford of Knight Frank., who noted the location is highly sought after among warehouse, office and industrial occupiers.
Hub Heathwood is positioned immediately south of the Heathwood Logistics Estate, which is home to household brands including Woolworths, Coles, Asahi, Hilton Group, and Australia Post,” said Mr Clifford.
Clarence will continue to work with the Kinght Frank team to secure long-term tenants across the high growth area.
Clarence Property manages 38 properties worth around $575 million.
