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

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