CONSTRUCTION has begun on Frasers Property Industrial’s $300 million Vantage Yatala estate in Queensland.
The 650,000sqm estate, largely within the southern corridor between Brisbane and the Gold Coast, will consolidate Yatala’s position as one the major regions for distribution for South East Queensland.
“Vantage Yatala will be a next generation industrial precinct of an impressive scale, setting the standard our new industrial estates moving forward. Here we will see the best in sustainable design, leading amenity and strategic positioning come together powerfully,” said Ian Barter, general manager Northern Region for Frasers Property Industrial.
The South East Queensland estate will include 2.3-hectares of green open space, 5.5km of running and bike track, outdoor exercise equipment, rainwater capture and reuse systems, Solar PV and an overall targeted 5 Star Green Star rating.
Frasers, unsurprisingly after again topping the Global Real Estate Sustainability Benchmark 2020 ranking for the second consecutive year, has a targeted a 5 Star Green Star rating on all of their buildings.
“The estate is on a large land holding that’s close to major infrastructure, key transport arterials and the coastal area, offering the best of work and life between Brisbane and the Gold Coast. This makes it a highly attractive offering for businesses and their workforces, which are increasingly focused on improving lifestyles and finding operational efficiencies,” continued Barter.
The construction of the Vantage Yatala is expected to generate thousands of jobs, with completion creating hundreds of full-time positions.
“It’s fantastic to see the project enter its next phase, with the construction creating thousands of jobs in the region at a critical time,” said Barter.
Frasers Property Industrial has over $137 million worth of development and land holdings in the Yatala region, having brought in transport and manufacturing companies such as O-I Glass, Beaulieu Australia, Oji Fibre Solutions, Reward Hospitality and Schutz Australia in the four years the company has been operating in the region.
Stage 1 of the estate is scheduled for practical completion in September of 2021.
