RAY GROUP TARGETS ROCKY WITH TRAVEL FORMULA

Written on the 24 April 2015

RAY GROUP TARGETS ROCKY WITH TRAVEL FORMULA

RAY Group appears to be finding a new niche in property development with plans to replicate in Rockhampton the success of a travel centre project completed at Loganlea.

The Gold Coast-based property group, best known for its development of Salt Village at Kingscliff, says it will start work this week on the new Puma Energy travel centre in Rockhampton's northern suburbs.

The development comprises fuel and food convenience for motorists and builds on a successful partnership Ray Group has developed with Puma at Loganlea.

The new travel centre at Berserker is due for completion in November and will be operated under a long-term lease by Puma Energy, Australia's largest independent fuel supplier. 

Ray Group executive director Jack Ray says the travel centre would be the most modern fuel and food stop north of the Fitzroy River, fronting Queen Elizabeth Drive which boasts a traffic volume of about 30,000 cars per day.

Ray says the hunt is on for a food and beverage operator to take up space in the development.

Ray says the Rockhampton City Council is supporting the project through a fast-tracked approvals process.

"Due to Rockhampton City Council's assistance with this project, approvals that would normally have taken nine months have taken nine weeks," he says.

"As a result, we have been able to start demolition on site this week with a view to completion by the end of the year.

"The fact that Puma Energy has come on board for this project is a huge vote of confidence in Rockhampton, and Ray Group shares in the belief that the city has outstanding growth prospects." 

Ray Group will use the same development model for this project as that used for the Puma Loganlea Travel Centre. The Loganlea facility boasts a Zarraffas Coffee shop which is ranked in the top five across the country for revenue.

Ray Group is understood to have garnered strong interest from national brands for the Rockhampton project.

"We have canvassed the majority of national fast food retailers and they were enthusiastic about a franchisee entering an agreement for the site, however there is also great opportunity for local operators to gain fantastic exposure considering the project's location," he says.

"We are ready to start negotiations with prospective food tenants so we can work with them to have the space operational in line with the opening of the travel centre later this year."


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter