BP fuels up

Written on the 10 March 2009

 

BP has bought 3.41ha at the entrance to Radius Industrial City for an undisclosed price, but industry sources suggest the purchase would have been in the vicinity of $12 million.
The industrial city is a joint venture between George Group and the Potter Group, on 50ha of land with more than 1.5km frontage to the Logan Motorway
Patrick George from the George Group says the sale that took the estate to over half sold or leased.
“This is a major coup for Radius Industrial City — the BP Service Centre will provide 24 hour convenience retail and fast food services to the estate, in addition to motorists traveling the Logan Motorway,” says George.
Jones Lang LaSalle industrial director Steve de Nys says the Radius Industrial City at Larapinta is easily the best positioned development on the Logan Motorway, with a superior location that offers logistics savings for any buyer, investor or tenant.
“The value Radius Industrial City brings to the southeast Queensland industrial property market as a dedicated, environmentally sound, extremely well positioned industrial estate cannot be underestimated,” he says
Matthew Richards from Scan Industrial says Logan Motorway, with the suburbs of Heathwood and Larapinta, has emerged as the major warehouse and distribution hub of Brisbane.
Other companies that have committed to the estate include SCA Hygiene, Linde Materials Handling, Hafele and Energy Power Systems Australia.

Latest News

SLATER & GORDON AND MAURICE BLACKBURN SHOWDOWN IN BELLAMY'S CLASS ACTION

FIERCE rivals Slater & Gordon (ASX: SGH) and Maurice Blackburn have secured funding for class actions against Bel...

WHY VIDEO IS A "GIVEN" FOR BUSINESS

IN TODAY's digital-driven world, video is king and if used right, it can push a company's brand and brand ...

BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES (ASX: BXB) will miss its first-half guidance due to cost pressures at its North America business.

The com...

VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

QUEENSLAND visitors to Village Roadshow (ASX: VRL) theme parks have declined 12 per cent in the wake of four deaths a...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter