A MANUFACTURER and seller of architectural glass has secured a lease at Osprey Estate, Port of Brisbane.
Oceania Glass has confirmed it is to lease a 6902m2 facility.
Logistics operations manager Justin McKenzie said the new site would help with efficiency.
“We are looking for ways that allow customers to benefit from our local manufacturing, whilst achieving efficiencies across our business and our transport model was the key to this,” Mr McKenzie said.
“The business case for a distribution centre in Brisbane was pretty simple when we looked at the number of trucks we could get off the road between Sydney and Brisbane.”
The five-year deal was struck by Anthony White, national director of industrial at Colliers International.
Joint owned by Cromwell and Monash Capital, the distribution facility includes high capacity floor slabs approaching 50mpa and four 10-tonne overhead gantry cranes.
“This facility was one of the few in the market which could handle this type of product,” Mr White said.
“Fortuitously for Oceania Glass, most of their stock holdings are coming across the Port of Brisbane, so when we overlaid inbound freight costs into the deal it became very hard to beat.”
Colliers International research reports tenants are increasingly looking towards a total cost of occupation model.
“Access to major motorways is always a driver for distribution users and the Port of Brisbane has always been a hotspot given the massive infrastructure spend over the past decade,” Mr White said.
Osprey Estate is a 20-hectare business park off the Port of Brisbane Motorway.
Andrew Page, head of asset services at Cromwell said the Oceania Glass deal was one of several in the pipeline for the estate.
“We offer flexibility to tenants with sizes ranging from 3,000sqm and have a leasing model that is fluid enough to cater for most users who are importing product into Brisbane,” Mr Page said. The focus of Oceania Glass is on how their distribution centres around the nation can allow customers to benefit from the strength of its local service as Australia’s glass maker.