Frasers Property Industrial has broken ground on its $300 million Vantage Yatala estate in Queensland, which promises to consolidate the region as a major distribution hub.
“Vantage Yatala will be a next generation industrial precinct of an impressive scale, setting the standard our new industrial estates moving forward,” says Frasers Property Industrial’s general manager for the northern region, Ian Barter.
Positioned just 500 metres from Pacific Motorway, Vantage Yatala offers access to one of Queensland’s major transport links.
Vantage Yatala 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,” Barter says.
“This makes it a highly attractive offering for businesses and their workforces, which are increasingly focused on improving lifestyles and finding operational efficiencies.”
Frasers Property Industrial says Vantage Yatala has already attracted interest from several light manufacturing, warehousing and logistics companies.
Practical completion of Stage 1 is scheduled for September. SEE Civil is the appointed construction contractor.
Frasers Property Industrial has held a stake in the Yatala area for the last four years and has more than $137 million of existing development and land holdings in the region.
Frasers Property Industrial is a strategic business unit of SGX-listed Frasers Property Limited which owns more than $37 billion.