QAL BUYS GOLD COAST COMMERCIAL PROPERTY
Written on the 7 February 2014
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.