QAL BUYS GOLD COAST COMMERCIAL PROPERTY

Written on the 7 February 2014

QAL BUYS GOLD COAST COMMERCIAL PROPERTY

THE owner of Gold Coast Airport has moved into the property market with the purchase of the Airport Central Precinct.

Queensland Airports Limited (QAL) paid $8.5 million for the 1.718 hectare property, housing six building with 7,100 square metres of floor area.

The property hosts QAL’s head office and the Gold Coast Airport Management Centre, alongside the Australian Federal Police, Southern Cross Tavern, Freedom Fuel, Subway, Sierra Gym and Gourmet Burger.

Managing Director Dennis Chant (pictured) says the company is keen to prove the move a success.

“In purchasing the Airport Central precinct GCAPL will be looking to leverage off traffic through Gold Coast Airport in addition to maximising the prime location on Gold Coast Hwy as much as possible,” says Chant.

“This is the QAL Group’s first purchase outside the aviation industry and we are excited by the opportunities this purchase presents.

QAL owns and operates Gold Coast, Townsville, Mount Isa and Longreach Airports. It also owns the Northern Australian Aerospace Centre of Excellence (NAACEX) in Townsville, AVIEX (an aircraft maintenance and painting operation) based in Townsville, and Aviation Ground Handling (AGH) which has a significant presence at Townsville, Mackay, Rockhampton, Sunshine Coast and Gold Coast Airports.


Latest News

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

MANTRA BOASTS OF SUCCESSFUL HOTEL INTEGRATION AS NET PROFIT GROWS 15 PER CENT

MANTRA Group (ASX:MTR) CEO Bob East has praised the performance of the company's new Honolulu Hotel as it posted ...

WHITEHAVEN TRIPLES EARNINGS, PAYS DOWN DEBT AFTER COAL PRICE TURNAROUND

THE HIGH coal price has allowed Whitehaven Coal to triple earnings and pay down a large portion of its debt in the fi...

BABY BUNTING BUOYED BY CLICKS AND BRICKS PERFORMANCE

BABY Bunting has grown sales 18.1 per cent to $135.1 million in the first half of FY17, sweetened by the opening o...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter