Savillsresearch briefing-brisbane-industrial-q2-2019

Briefing
Brisbane Industrial June 2019
Savills Research
Queensland
Highlights
 Turnover of Brisbane industrial assets exceeded $1
billion in the year ending June 2019, up 30% on the
previous period;
 Brisbane prime industrial yields tightened 60 basis points
on average over the year due to sustained investor
demand, particularly from offshore investors;
 On the back of a buoyant pre-commitment market,
industrial supply in Brisbane is expected to reach
304,000 square metres in 2019 - a 78% increase on the
year prior;
 Land value growth is steady in all precincts with high
demand for serviced sites and continued speculative
development expected.
Prime Averages (Trade Coast) Latest 12mo Diff Outlook
Rental – N.F. ($/sq m) 133 n/c 
Incentives (%) 11.50 +15.1% 
Yield – Market (%) 5.75 -63bps 
IRR (%) 6.88 -138bps 
Capital Values ($/sq m) 2,050 +6.5% 
Land Values ($/sq m) 525 +10.5% 
Source: Savills Research

June 2019
savills.com.au/research 2
Savills Research | Briefing Notes – Brisbane Industrial
Report Contents
Executive Summary 2
Leasing Activity & Demand 3
Rents and Developments 5
Sales Activity 6
Infrastructure & Outlook 8
Precinct Map 9
Key Indicators 10
Key Contacts 12

Executive Summary
Improving economic conditions in Queensland stimulated by a rebound in the mining sector, coupled with road infrastructure
investment is likely to see continued positive effects on the industrial sector in Brisbane. There has been a 49% increase
in industrial leases year on year, with a record of approximately 863,000 square metres of industrial space absorbed in
Brisbane. However, rental growth is not yet universal through the market as new prime industrial facilities, which charge a
higher premium, are diminishing.
The Brisbane industrial market has seen a significant boost in sales volumes with $1.13 billion of assets transacting over the
12-month period to June 2019, representing the second highest volume of sales on record over the past 10 years. Offshore
investors were the most dominant purchaser type, accounting for 27% of total industrial assets transacted in this period.
The core market yields (Trade Coast 5.8%; Southside 5.9%) demonstrate the premium that offshore buyers are prepared to
pay to enter the Brisbane market. Average yields have compressed 60 basis points for the year to June 2019.
Supply is expected to accelerate in 2019 to 304,000 square metres including new developments and stock under
construction which is due for completion in 2019. Land values across all precincts have generally trended upwards. The
average land value for the year on year to June 2019 increased by 15%, to $356 per square metre. The reclassification of
industrial areas to alternative uses as outlined in the ‘Brisbane City Council Industrial Strategy 2019’ will continue to place
upward pressure on land values.

Brisbane Markets Summary - Prime Warehouse
Precincts N.F. Rent ($/sq m) Market Yield (%) IRR (%) Cap. Value ($/sq m) Land Value ($/sq m)
BRI – Southside* 118 (n/c) 5.88 (-50 bps) 7.00 (-150 bps) 1,750 (+1.4%) 313 (+5.0%)
BRI – Northside* 125 (+4.2%) 6.13 (-63 bps) 7.00 (-100 bps) 1,975 (+12.9%) 363 (+7.4%)
BRI - Trade Coast* 133 (n/c) 5.75 (-63 bps) 6.88 (-138 bps) 2,050 (+6.5%) 525 (+10.5%)
BRI - M1 / Logan Cor.* 113 (n/c) 5.88 (-63 bps) 7.00 (-163 bps) 1,750 (+2.9%) 313 (+19.0%)
BRI – West* 110 (+4.8%) 6.13 (-50 bps) 7.25 (-138 bps) 1,650 (+8.2%) 268 (+32.1%)
Source: Savills Research. NB: 12 month change shown in brackets, n/c = no change
*Savills metrics includes marketable commercial industrial buildings within defined precinct boundaries, generally inclusive of an improved building area of
between 1,000 and 20,000 square metres. Land values reflect ‘serviced & benched’ sites (3,000 - 5,000 sq m).
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June 2019
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000 BRI-West BRI-Southside
BRI-Northside BRI-Trade Coast
BRI-Non-Metro
Wholesale - 252,670sqm - 29.3%
Transport & Logistics -
197,227sqm - 22.9%
Manuf/Engineering - 54,976sqm
- 6.4%
Property & Business Services -
32,603sqm - 3.8%
Construction, Mining & Agri -
26,670sqm - 3.1%
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000 Direct - New Direct - Existing Prelease Precommit Renewal
In the 12 months to June 2019, Savills Research identified
approximately 862,688 square metres of industrial leases
(>1,000 square metres) in Brisbane. This was a 49%
increase on the 12 months prior (577,394 square metres)
and a 29% increase on the 10-year average (668,937
square metres).
The Wholesale category was the most dominant,
accounting for 29% (or 252,670 square metres) of total
leasing activity. Transport & Logistics followed closely
behind with 23% (or 197,227 square metres) of total
leasing activity. The majority of leases were transacted in
Brisbane’s ‘Southside’ precinct where 283,855 square
metres (33%) of total leasing activity was done. The
‘Southside’ precinct was also notable for the total number
of leases, as smaller occupiers took advantage of more
affordable leasing conditions. The historically strong ‘Trade
Coast’ precinct made up only 27% of total leasing volumes
due to a lack of available properties.
Pre-commitments dominated the industrial stock leased in
the 12 months to June 2019, accounting for approximately
33% of total leasing activity. Direct leases to new, and
existing buildings followed, comprising 31% and 29%
respectively.
There was a solid commitment to speculative space and
pre-commitments to new stock, with 230,070 square
metres recorded in this sector. The most significant pre-
commitment in the current 12-month period was Coles
66,000 square metre lease in Goodman’s Redbank
Motorway Estate, followed by 48,824 square metres by
Australia Post in the same estate. Source: Savills Research
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
BRI-Non-Metro
197,227sqm - 22.9%
- 6.4%
32,603sqm - 3.8%
26,670sqm - 3.1%
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Leasing Activity by Lease Type
Leasing Activity by Precinct
Leasing Activity by Industry Type
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
BRI-Non-Metro
197,227sqm - 22.9%
- 6.4%
32,603sqm - 3.8%
26,670sqm - 3.1%
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Leasing Activity & Demand

June 2019
There has been a reduction in the state’s logistics job
advertisements over the 12 months to April 2019, after
double digit growth annually over the past three years.
Even though logistics job advertisements is regarded as a
lead indicator, it is important to take into consideration the
increasing popularity of automated facilities among logistics
service providers, food manufacturers, and distribution
centres in Queensland. This new generation of automation,
which increases cost effectiveness and ensures timely and
accurate delivery, is now a key consideration for many
industrial operators.
Recent Notable Leases (by Area Leased)
Property Tenant Deal Date | Area Leased (sq m) Type | Rent | Term
1-2 Robert Smith St, Redbank Coles Jan-19 | 66,000 p | n.a. | 20
1-2 Robert Smith St, Redbank Australia Post Jul-18 | 48,824 p | 136 | 15
338 Bradman St, Acacia Ridge Woolworths Mar-19 | 44,600 r | 96 | 7.4
238-260 Gilmore Rd, Berrinba Mitre 10 Jul-18 | 35,000 p | 100 | 10
88 Moreton St, Heathwood CUB Apr-19 | 21,800 r | 111 | 12
Future Port Expansion Area, Port of Brisbane Silk Contract Logistics Aug-18 | 15,250 p | 170 | 12
628 Kingston Rd, Loganlea M3 Logistics Aug-18 | 14,088 d-e | 78 | 4
616 Boundary Rd, Richlands Border Express Aug-18 | 13,763 d-e | 95 | 3
692 Curtin Ave, Pinkenba Enviro Pipes Aug-18 | 13,736 d-n | 127 | 7
Cnr Arthur Dixon & Pearson Rd, Yatala Reward Supply Co Sep-18 | 13,527 p | 103 | 7
64-74 Lahrs Rd, Ormeau Wet Fix Holdings Jul-18 | 13,331 d-e | 95 | 10
5a Viola Pl, Brisbane Airport CEVA Logistics Sep-18 | 12,971 d-e | 120 | 2
Australand Dr, Berrinba Pinnacle Hardware Nov-18 | 12,313 p | 105 | 5
1979 Ipswich Rd, Rocklea Hi-Trans Oct-18 | 12,204 d-e | 61 | 3.5
28 Brickworks Pl, Rochedale Keppel Logistics Jun-19 | 10,481 d-n | 115 | 5
29-51 Wayne Goss Dr, Berrinba CTI Logistics Oct-18 | 10,455 d-e | 107 | 5
Lot 3a, Saltwater Cres, Narangba Tambavale (QLD) Pty Ltd Mar-19 | 10,300 d-e | 90 | 12
30 Industrial Cres, Willawong Automotive Brands Apr-19 | 9,712 d-e | 105 | 5
55 Tonka St, Luscombe ATCO Structures Oct-18 | 9,170 p | 222 | 10
250 South Pine Rd, Brendale Modern Teaching Aid May-19 | 8,304 d-e | 100 | 7
-8.1%
-6.1%
-5.8%
-5.2%
-0.7%
1.1%
4.2%
13.4%
27.0%
NT
QLD
NSW
SA
AUS
ACT
VIC
WA
TAS
Source: DOE / Savills Research
Logistics Job Advertisements (12 mo Growth % to Apr-19)
Source: Savills Research; Leasing Types: p = Pre-commitment, d-n = Direct – New, d-e = Direct – Existing, pl = Pre-Lease, s = Sub-Lease, r = Renewal

June 2019
Rents
Growth in prime industrial net face rents has been modest
in the 12 months to June 2019. The Trade Coast precinct
remained the most expensive area to lease, typically
ranging from $115 to $150 per square metre per annum
(or an average $133 per square metre on a net face
basis). By comparison, the average rate for the Southside
and Northside precincts remain lower, at $118 and $125
respectively.
Competitive rentals offered by developers in the pre-
commitment market are also holding back Brisbane’s rental
growth, with a large number of tenant inquires receiving
competitive rental rates along with attractive incentives.
110
115
120
125
130
135
BRI - Southside
BRI - Northside
BRI - Trade Coast
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Completed Under Construction Plans Submitted Early Planning DA
Average Prime Net Face Rents by Precinct ($/sq m)
Savills Research recorded 138,468 square metres of new or additional industrial space in the first half of 2019, with another
165,785 square metres currently under construction, due for completion in 2019. A total of 304,253 square metres of new
supply is expected during 2019, an increase of 78% from the 2018 figure of 171,383 square metres.
Total supply in 2019 will be driven by solid pre-commitment of major users at the top end of the market. Australia Post
(48,824 square metres), Toll (10,250 square metres), and UK-based Hilton Foods Group (39,454 square metres) in
partnership with Woolworths, all pre-committed to new space in 2019. With competitive rentals being offered by developers
in the pre-commitment market, development of new supply is expected to remain strong as tenants seeking new space
take advantage of favourable rents and attractive incentives.
Supply / Industrial Development
110
115
120
125
130
135
BRI - Southside
BRI - Northside
BRI - Trade Coast
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Completed Under Construction Plans Submitted Early Planning DA
Completed Development and Pipeline (sq m)
Source: Cordell/Savills Research NB: includes new/addition speculative, precommitment, owner occupier development types.

June 2019
Savills Research recorded $1.13 billion of reported
industrial property transactions (> $5 million) in the 12
months to June 2019, an increase of 30% on the $875
million recorded in the year prior and an increase of 45%
on the ten-year average of $783 million. Over the current
12-month period, a total of 63 properties were transacted,
down on the previous 12-month total of 67.
Investment appetite from offshore investors on industrial
assets remained strong, accounting for 27% of total
reported sales – representing the most active purchaser
type in the year ending June 2019. Active buyers include;
DWS Group (Germany), Mapletree (Singapore), Blackstone
(USA), and Ascendas REIT (Singapore).
The most significant single transaction for the 12-month
period was the sale of a 50% interest in the Coles
Distribution Centre at 99 Sandstone Place, Parkinson,
purchased by DWS Group from Frasers Logistics Trust
for $134.2 million representing an initial yield of 5.78%.
Based on the equivalent price for a 100% interest, this sale
represents the largest individual industrial asset transaction
by value in Australian history. On 15.53 hectares, the site
comprises a significant 54,245 square metre cold store
distribution centre, fully leased to Coles with a 13.1 year
WALE.
Australian trusts have long sought to increase their exposure
in Brisbane industrial market, accounting for 16% of total
reported sales in the 12-month period. Charter Hall Long
WALE REIT and Charter Hall Social Infrastructure Limited
jointly purchased the Brisbane City Council Bus Network
Terminal at 40 Schneider Road in Eagle Farm, for $102.5
million on an initial yield of 5.08%.
$0m
$200m
$400m
$600m
$800m
$1,000m
$1,200m
$1,400m $5m - $50m $50m - $100m >$100m
0% 20% 40% 60% 80% 100%
Purchasers
Vendors
Fund Trust Developer
Owner Occupier Government Syndicate
Foreign Investor Private Investor Other
%
2%
4%
6%
8%
10%
12%
10yr Bond Rate Average Prime Yield
Average Prime IRR
Yield Spread to Bond & IRR – Brisbane
$0m
$200m
$400m
$600m
$800m
$1,000m
$1,200m
$1,400m $5m - $50m $50m - $100m >$100m
0% 20% 40% 60% 80% 100%
Purchasers
Vendors
%
2%
4%
6%
8%
10%
12%
Average Prime IRR
$0m
$200m
$400m
$600m
$800m
$1,000m
$1,200m
$1,400m $5m - $50m $50m - $100m >$100m
0% 20% 40% 60% 80% 100%
Purchasers
Vendors
%
2%
4%
6%
8%
10%
12%
Average Prime IRR
Sales Activity by Price
Vendor & Purchaser Composition
Source: RBA/Savills Research
Sales Activity

June 2019
Brisbane prime industrial yields as at June 2019 range
between 5.25% and 6.75%, tightening 60 basis points on
average over the year. Brisbane’s Trade Coast continues to
have the tightest investment yields at an average of 5.80%.
Prime industrial capital values as at June 2019 are
estimated between $1,475 and $2,025 per square metre
in the Southside, $1,650 and $2,300 per square metre in
the Northside, and, $1,775 and $2,325 per square metre in
the Trade Coast. The Trade Coast continues to record the
highest average capital value with $2,050 per square metre
as at June 2019. The Northside recorded the highest year
on year increase in capital value, at 13.0%.
High demand has led to steady growth in land values
across all precincts. Average industrial land values in the
Trade Coast precinct remained the highest at $525 per
square metre as at June 2019. Land values in the western
precinct grew by 32%, continuing to outperform other
precincts. The South East is rebounding with an average
industrial land value of $313 per square metre.
Prime Average Market Yield (%) by Precinct
Property Type Price ($m) | Date | GLA Yield | Type | $/sq m
99 Sandstone Pl, Parkinson (50%) Cold Storage 134.20 | Jun-19 | 54,245 5.78 | i | 4,948
44 Stradbroke St, Heathwood Warehouse 105.00 | Oct-18 | 55,739 5.83 | i | 1,883
40 Schneider Rd, Eagle Farm Infrastructure 102.50 | May-19 | 6,508 5.08 | i | 15,751
102 Trade St, Lytton Cold Storage 55.00 | Nov-18 | 14,479 6.10 | i | 3,798
80 Mccotter St, Acacia Ridge Warehouse 44.65 | Oct-18 | 13,224 5.25 | i | 3,376
134-160 Ingram Rd & 220-240 Bradman St, Acacia Ridge Factory 42.08 | Feb-19 | 37,958 7.84 | i | 1,108
71 Charles Ulm Pl, Eagle Farm Warehouse 35.50 | Jul-18 | 21,100 5.89 | i | 1,682
1035-1051 Nudgee Rd, Banyo Warehouse 34.25 | Nov-18 | 18,116 5.98 | i | 1,891
56 Lavarack Ave, Eagle Farm Warehouse 33.50 | Aug-18 | 8,321 7.21 | i | 4,026
Lot 102 Wayne Goss Dr, Berrinba Warehouse 31.10 | Aug-18 | 19,486 6.76 | i | 1,617
149 Kerry Rd, Archerfield Warehouse 30.55 | Dec-18 | 13,774 6.50 | i | 2,218
1-7 Wayne Goss Dr, Berrinba Warehouse 30.00 | Sep-18 | 17,880 v | 1,678
425-479 Freeman Rd, Richlands Land 26.50 | Aug-18 | 91,619# dev | 289
Lot 5, Hoepner Rd, Bundamba Warehouse 24.36 | Apr-19 | 11,008 5.86 | i | 2,213
60 Stapylton-Jacobs Well Rd, Stapylton Land 22.55 | Dec-18 | 642,400# dev | 35
Recent Notable Sales (by Sale Price)
Source: Savills Research; i = Initial, v = Vacant, dev = development; #Land Area
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0% BRI - Southside BRI - Northside BRI - Trade Coast

June 2019
The completed Gateway Upgrade North involved the
widening of the motorway from four to six lanes between
Nudgee and Bracken Ridge. The project was jointly funded
by the Federal Government and the State Government at a
total cost of $1.143 billion.
The Kingsford Smith Drive Upgrade connects Brisbane
CBD to the Port of Brisbane, and Australia TradeCoast.
The project will involve the widening of Kingsford Smith
Drive from four to six lanes between Theodore Street at
Eagle Farm and Cooksley Street in Hamilton, as well as
road improvement works between Cooksley Street and
Breakfast Creek Road in Albion. The $650 million project
commenced in mid-2016, and is anticipated to be
completed in 2019.
Inland Rail is a proposed 1,700 kilometre rail freight route
between Melbourne and Brisbane via regional Victoria, New
South Wales, and Queensland. It is to be constructed by
Australian Rail Track Corporation (ARTC). The development
of the rail route will include 700 kilometres of existing track,
an upgrade of 400 kilometres of track, and construction of
600 kilometres of new track. The Australian Government,
through the ARTC, is delivering the multi-billion dollar
infrastructure project in partnership with the private sector.
The Government has committed $8.4 billion, on top of
the previously funded $900 million. Works commenced
in 2017, and based on the 10-year delivery schedule
developed in 2015, the first train is expected to operate in
2024-25.
Project Est. Cost Status Completion
Gateway Upgrade North $1.14bn Completed Mar-19
Kingsford Smith Drive Upgrade $650m U/C 2019
Inland Rail $9.3bn Planning 2025
Dedicated Freight Rail Corridor TBC Studying 30 years+
w
Key Infrastructure Project Summary - Brisbane
The ‘Dedicated Freight Rail Corridor’ (DFRC) is a proposed
preservation of a dedicated/segregated freight rail corridor
to the Port of Brisbane, which links with the Inland Rail.
As highlighted in the recent release of the ‘SEQ City Deal
Proposition’ by the State Government, a South East
Queensland Trade and Enterprise Spine between the
Toowoomba Trade Gateway and the Australia TradeCoast,
is proposed to connect by Inland Rail to the Port of Brisbane.
This would ease traffic congestion, create safer roads, and
increase trade volumes through reduced transport costs.
The project is still at the initial study stage, in which the
Federal Government and the State Government have
jointly funded $1.5 million.
Outlook
Demand fundamentals are positive with solid investment in road infrastructure, as well as population growth which continues
to support industrial activities in Brisbane. The revised 2018 population projections show growth of 20% for Greater Brisbane
over the forecast period to 2036. Population growth forecasts underlie sustained future demand for industrial facilities. The
proposed Inland Rail and Dedicated Freight Rail Corridor which further links the Inland Rail to the Port of Brisbane will have
great effect on the Brisbane industrial market, as industrial operators are set to benefit from efficiencies in supply chain, and
support for future expansion.
According to Deloitte Access Economics, Queensland’s economic growth and industrial production, forecast at 3.6%
(2018 – 2022) is due to outperform other states in Australia over the next decade. The value of Queensland’s industrial
production increased 6.6% in 2018, and this upward trend is anticipated to continue over the next decade.
Sales and leasing activities recorded a significant increase in the 12-month period, we expect the trend will continue in the
second half of 2019 as Brisbane industrial assets gain in popularity, and tenant demand increases. Yields are expected to
be tightened due to sustained investor demand.
Source: QLD-Department of Infrastructure, Local Government and Planning
Infrastructure

June 2019

Brisbane Industrial Precinct
PACIF
ICMOTORWAY
MOUNT
LINDESAYHIGHWAY
M1
CORRIDOR
NORTHERN
PRECINCT
SOUTH
TRADE COAST
FUTURE
GROWTH
FUTURE GROWTH
WEST
GATEWAYMOTORWAY
BRISBANEVALLEYMOTORWAY
CUNNINGHAMHIGHW
AY
LO
G
A
N MOTORW
AY
BRUCEHIGHWAY
M2
M2
M7
A7
A5
M5
M3
M7
A3
M3
M1
M1
M2
M1
M1
M1
M1

June 2019
Brisbane Industrial Key Indicators (Q2-2019)
Northside (Zillmere, Geebung, Northgate, Banyo, Virginia, Morayfield, Caboolture, Brendale, Strathpine, Petrie, North Lakes, Burpengary,
Deception Bay and Narangba)
Northside
Prime Secondary
Low High Low High
Rental Net Face ($/sq m) 110 140 65 100
Incentives (%) 8 15 8 15
Yield - Market (%) 5.50 6.75 7.00 8.00
IRR (%) 6.75 7.25 7.75 8.75
Outgoings - Total ($/sq m) 20.00 25.00 15.00 20.00
Capital Values ($/sq m) 1,650 2,300 1,150 1,450
Land Values 3,000 - 5,000 sq m ($/sq m) 450 (high) 275 (low)
Trade Coast (Hendra Eagle Farm, Pinkenba, de, Murarrie, Hemmant, Lytton, Fisherman Island, Tingalpa, Wakerley, Cannon Hill)
Trade Coast
Prime Secondary
Low High Low High
Incentives (%) 5 18 8 12
Yield - Market (%) 5.25 6.25 7.00 8.00
IRR (%) 6.50 7.25 6.75 7.50
Southside
Prime Secondary
Low High Low High
Incentives (%) 13 18 10 15
Yield - Market (%) 5.50 6.25 7.25 8.25
IRR (%) 6.75 7.25 7.75 8.75
Capital Values ($/sq m) 1,475 2,025 900 1,300
Land Values 10 ha and above ($/sq m) 200 (high) 100 (low)
Southside (Yeerongpilly, Salisbury, Rocklea, Archerfield, Willawong, Acacia Ridge, Coopers Plains, Eight Mile Plains, Rochedale, Seventeen Mile
Rocks, Sumner, Darra, Oxley, Wacol, Carole Park, Richlands, Shailer Park, Slacks Creek, Springwood, Underwood)
between 1,000 and 20,000 square metres. Land values reflect ‘serviced & benched’ sites (3,000 - 5,000 sq m and 10,000 – 50,000 sq m) and ‘englobo’ sites
(10 ha and above).

June 2019
South East (M1 / Logan Motorway Corridor) (Crestmead, Marsden, Browns Plains, Meadowbrook, Berrinba, Loganlea, Loganholme,
Heathwood, Larapinta, Parkinson, Yatala, Stapylton, Kingston, Beenleigh, Eagleby, Hillcrest)
South East (M1 / Logan Motorway Corridor)
Prime Secondary
Low High Low High
Incentives (%) 10 20 10 15
Yield - Market (%) 5.50 6.25 7.50 8.00
IRR (%) 6.75 7.25 7.75 8.75
West (Goodna, Springfield, Redbank, Bremer, Ebenezer, Willowbank, Mutdapilly, Purga, Swanbank, Ipswich, New Chum, Wulkuraka, Amberley,
Bundamba, Raceview, West Ipswich)
West
Prime Secondary
Low High Low High
Incentives (%) 12 17 10 15
Yield - Market (%) 5.75 6.50 8.00 8.75
IRR (%) 7.00 7.50 8.25 9.00
Capital Values ($/sq m) 1,475 1,825 900 1,300
between 1,000 and 20,000 square metres. Land values reflect ‘serviced & benched’ sites (3,000 - 5,000 sq m and 10,000 – 50,000 sq m) and ‘englobo’ sites
(10 ha and above).

June 2019
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Asset Management
Phillip Dunn
+61 (0) 7 3002 8831
pdunn@savills.com.au
Tracy Tam
+61 (0) 7 3002 8859
ttam@savills.com.au
Sunshine Coast
Scott Gardiner
+61 (0) 7 5313 7514
sgardiner@savills.com.au
Industrial & Business Services
Callum Stenson
+61 (0) 7 3002 8832
cstenson@savills.com.au
Gold Coast
Kevin Carmody
+61 (0) 7 5509 1700
kcarmody@savillsgc.com.au
Valuations
Leigh Atkinson
+61 (0) 7 3002 8852
latkinson@savills.com.au
Project Management
Ken Ng
+61 (0) 7 3018 6705
kng@savills.com.au

Savillsresearch briefing-brisbane-industrial-q2-2019

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