Herbert Smith Freehills has advised Investa Land on two major industrial deals in Queensland, Swanbank Enterprise Park in Ipswich and New Base Business Park in Brendale.
Swanbank Enterprise Park, comprises approximately 500 hectares of industrial land, and will be the largest industrial estate in South East Queensland.
New Base Business Park comprises approximately 85 hectares of industrial land and will be the largest industrial estate in Brendale.
Herbert Smith Freehills advised Investa Land on all aspects of both developments, including site acquisition, environment and planning, infrastructure agreements, and construction matters.
They have also recently advised on the $17.9 million sale of a 10.5 hectare site at New Base Business Park to an institutional investor that will be developed and leased to the Super Retail Group, and the $15.8 million sale to cement and aggregate supplier Holcim of a 15.5 hectare site at Swanbank Enterprise Park. These transactions represent two of the largest industrial sales in South East Queensland in recent times and will be a significant boost to the manufacturing industry and local job economy.
The Herbert Smith Freehills team was led by Luke Simpson, Partner, and included Adrian Rich, Senior Associate.
“Herbert Smith Freehills has been working closely with Investa Land to deliver both of these projects which together represent the largest premium sites in Queensland for manufacturing, logistics, and business development. We are pleased to have worked with Investa Land yet again on their major projects in Queensland.”
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