Brisbane, 24 June, 2014 – The Quatius Group has acquired a substantial industrial property in Brisbane’s prime western corridor for $10.2 million in a move that support its growing SONIQ brand.
Located at 60 Fulcrum Street in Richlands, the 7,856sqm property comprises 6,678sqm of warehouse space and 1,178sqm of office space.
Wilmar Gavilon occupies 859sqm of the office space, having recently signed a five-year lease on the property, while the remaining space will be occupied by SONIQ – an electronics manufacturer and distributer.
CBRE’s Ben Lyons and Peter Turnbull negotiated the sale on behalf of vendor Evermac Investments, a subsidiary of McPhee Distribution Services (MDS). MDS relocated to a purpose-built site at Larapinta to enable company growth.
Mr Lyons said the Quatius Group had been looking at properties suitable for its SONIQ operations in Brisbane’s west for some time.
“The features and location of this property suited SONIQ’s needs exactly, with it able to support the brand’s growing Australian operations,” Mr Lyons said.
The building also features high clearances of up to 10m, access via seven roller doors, three docks and a substantial hardstand area suitable for multi-vehicle maneuvering. The property also features onsite parking.
Mr Lyons said well positioned assets in Brisbane’s western corridor were in strong demand.
He commented: “In the past six months specifically, we have seen significant enquiry from logistics and distribution users to secure property within that precinct.”
Richlands is located approximately 20km south-west of the Brisbane CBD.
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