Frasers Property Industrial, a business unit of Frasers Property Limited, has officially marked the start of construction of its Vantage Yatala estate in Queensland. The next-generation industrial precinct, which has a total end value in excess of $300 million, will consolidate the Yatala region’s position as one of the major distribution hubs for South East Queensland.
Together with key stakeholders, yesterday Troy Whalan, General Manager, Queensland for Frasers Property Industrial hosted a ‘Turning of the sod’ celebration on-site, with special guests including City of Gold Coast Mayor Tom Tate, Deputy Mayor Donna Gates and Councillor Mark Hammel.
Primely located in the southern corridor between Brisbane and the Gold Coast, the 650,000 square metre estate will showcase the very best in accessibility, efficiency, amenity and sustainability for industrial property.
This includes over 2.3 hectares of green open space, 5.5 kilometres of running and bike track, a network of outdoor exercise equipment, rainwater capture and reuse systems, solar PV and an overall targeted 5 Star Green Star rating for all Frasers Property Industrial buildings.
Construction on Vantage Yatala is forecast to generate thousands of jobs for Queenslanders, with hundreds of full-time positions to be created on completion.
General Manager – Northern Region for Frasers Property Industrial, Ian Barter, said Vantage Yatala will be a next-generation industrial precinct of an impressive scale, setting the standard of the company’s new industrial estates.
“Here we will see the best in sustainable design, leading amenity and strategic positioning come together powerfully,” Mr Barter said.
“The estate is on a large landholding 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.”
“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,” he commented.
Practical completion of Stage 1 of Vantage Yatala is scheduled for September 2021. SEE Civil is the appointed construction contractor.