Clarence Property, a prominent fund manager, has recently acquired the Hub Heathwood industrial estate in Queensland for a significant sum of $30 million. This strategic purchase aligns with the company’s expansion plans and adds to their existing portfolio of 38 properties valued at $575 million. The estate, located at 731 Johnson Road, boasts fully zoned and serviced industrial blocks, positioned just a short distance from the Logan Motorway interchange.
The acquisition of Hub Heathwood presents an opportunity for Clarence Property to develop premier industrial facilities on the 24 available lots, catering to a diverse range of businesses in terms of size and operations. The offerings will span from 500 to 7,000 square meters, meeting the needs of various industrial users in the region. The close proximity to key infrastructure and road networks enhances the estate’s appeal to potential tenants.
Managing director of Clarence Property, Peter Fahey, expressed enthusiasm about the acquisition, emphasizing the company’s commitment to delivering value to investors and offering top-notch facilities to future tenants. Fahey highlighted the growing demand in the south-west corridor and the positive reception Hub Heathwood has received from industrial users seeking well-equipped spaces.
The transaction was facilitated by Mark Clifford of Knight Frank, who noted the estate’s prime location and its attractiveness to warehouse, office, and industrial occupiers. Hub Heathwood’s strategic position near the Heathwood Logistics Estate, which houses renowned brands like Woolworths, Coles, Asahi, Hilton Group, and Australia Post, further enhances its commercial appeal.
Clarence Property’s collaboration with Knight Frank underscores its focus on securing long-term tenants in the burgeoning area, leveraging the expertise of industry professionals to drive growth and occupancy across its properties. With a robust portfolio and a keen eye on emerging market trends, Clarence Property remains well-positioned to capitalize on the evolving commercial real estate landscape in Queensland.
The acquisition of the Hub Heathwood industrial estate marks a significant milestone for Clarence Property, signaling its continued growth trajectory and strategic investments in high-potential markets. As the demand for industrial spaces in Queensland persists, Clarence Property’s proactive approach to development and leasing positions the company as a key player in the region’s commercial property sector.
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