Savills : Crestmead Shines for Blue-Chip Glass Company
August 03, 2015 at 09:01 pm EDT
Share
A global glass container company that supplies packaging to the world's leading food and beverage brands is the latest blue-chip industrial user to position itself at the Crestmead industrial estate in Logan, south of Brisbane.
Brisbane Cullet Pty Ltd, a division of US-based glass company Owen-Illinois Inc (0-I), has leased a large industrial facility on a 1.5ha site at 28 Magnesium Drive at Crestmead.
O-I will utilise the Crestmead premises, which feature 4,039sq m of warehousing and over 5,000sq m of hardstand, to recover and recycle glass for container manufacturing.
The property was marketed by Jack Morrison and Callum Stenson of Savills with Lachlan Hateley and Mark Clifford of Knight Frank introducing O-I on a six-year term at an annual net rental of $410,000.
Mr Morrison said the property provides an ideal industrial location in the well-established Crestmead industrial estate, with direct access to the Logan and Gateway Motorways.
He said O-I will join a number of other large scale industrial companies at the estate, including the likes of John Holland, Stratco, John Deere and Metcash.
"Crestmead industrial estate is a proven base for blue-chip companies with direct B-Double access onto Browns Plains Road. It also benefits from heavy three phase power, onsite transformer, 24/7 operation, natural gas in the street, high pressure airlines, cranes and container height roller doors, while the expansive hardstand area allows for efficient truck movement, staff parking and outdoor storage," Mr Morrison said.
Located within Logan City, Crestmead is an established Brisbane industrial suburb that is strategically positioned in the southern high-growth corridor approximately 24km south of the Brisbane CBD and 40km north of the Southport CBD.
Savills plc is a United Kingdom-based global real estate services company. The Company operates through a network of offices in the United Kingdom, Europe, Asia Pacific, North America, Africa and the Middle East. The Company's range of services covers various segments, which include residential, office, industrial, retail, leisure, healthcare, rural and hotel property, and mixed-use development schemes. Its businesses include Transaction Advisory, Consultancy, Property and Facilities Management and Investment Management. The Transaction Advisory business stream comprises commercial, residential, leisure and agricultural leasing, tenant representation and investment advice on purchases and sales. Its Property and Facilities Management business includes management of commercial, residential, leisure and agricultural property for owners. Its Consultancy business includes a range of professional property services, including valuation, project management and housing consultancy, and other.