ADVANTAGE AIR EXPANDS BRISBANE OPERATIONS

Written on the 23 July 2014

ADVANTAGE AIR EXPANDS BRISBANE OPERATIONS

ADVANTAGE Air has purchased a vacant warehouse in Eagle Farm for $4.6 million, as part of expansion plans.

The air-conditioning manufacturer will relocate down the street to a new 4,587sqm facility, which is twice the size of its current premises at Fison Avenue.

Advantage Air director Margaret Devoy says operations in the state have grown more than 200 per cent in the last two years.

“This phenomenal growth has been driven by our Queensland team and the highly successful MyAir air conditioning control system which we develop and manufacture in Australia,” Devoy says.

“All of our main competitors are now manufacturing overseas, but we are very proud to continue manufacturing in Australia and employ 100 staff nationally.

“More than 80 per cent of what we sell is made by us here in Australia and we want to keep investing in innovative products and hope to continue to grow in the future,” she says.

Devoy says the growth signals strength in the manufacturing industry, especially against international competition.

The property was marketed by Colliers International and Wright Property, consisting of a warehouse, office and manufacturing space.

Colliers director of industrial Anthony White says the four-week expression of interest campaign attracted plenty of potential buyers.

“The opportunity to purchase a freestanding manufacturing and warehousing facility within Eagle Farm rarely comes up and Advantage Air moved quickly to secure it,” White says.

“Their business in Queensland is expanding and they needed more space to deal with increasing volumes.

“Multiple enquiries and several offers that were received underline just how attractive Eagle Farm is to both investors and owner occupiers.”


Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter