Work has started on the $70 million M6 Industrial estate in Meadowbrook which will feature 19 warehouses

Work has started on a new estate in the last remaining industrial development opportunity of tightly held precinct south of Brisbane.

An aerial of the vacant land at the 10ha M6 Connect industrial estate in Meadowbrook.

WORK has started on a $70 million industrial estate south of Brisbane which is the final piece in a massive industrial landholding that has been under development since 1986.

The project, to be called M6 Connect, will be built on 10ha of a 100ha holding in Meadowbrook, and will ultimately feature 19 warehouses with immediate access to the Logan Motorway.

McPhee Distribution Services has started construction on a warehouse project in Berrinba which they will lease and occupy

DeLuca Corporation starts construction on Berrinba Central with 90 per cent of Stage 1 precommitted

GPT buys 21ha Logan City Council site on Wembley Rd, Berrinba, which it will develop into an 85,000sq m logistic precinct

The final site remains under the ownership of the Brisbane-based Hoare family, operating as Beal Street Industrial Park.

The family has joined forces with property firm Development Directive to realise the potential of the last industrial development opportunity in Meadowbrook, with plans to fill a gap in the market for spec and custom built warehouses.

Development Directive has contracted Pensar Infrastructure to complete civil works across the site, which is expected to be completed by September, paving the way for construction of warehouses in the first stage.

The first six warehouses will be spec built, with all other lots open to custom builds to suit tenant requirements.

Development Directive director Lachlan Macgregor said M6 Connect will meet demand from companies in the logistics and distribution space looking for a central location and flexible options for short and long term leaseholds.

“The Development Directive model is to identify gaps in the market and then find the perfect site to deliver the right project, and M6 Connect fits this criteria by creating new industrial leasing opportunities in the sought after Gold Coast to Brisbane corridor,” he said.

“Meadowbrook is a well established industrial area, and M6 Connect will be the last industrial estate to be built here, so it really is the final opportunity for businesses to get a foothold in this precinct.

“In recent years, a lot of the focus in industrial development has been on vacant land sales with few spec built projects on offer — especially for those looking to lease rather than purchase.

“It’s particularly rare to have an opportunity to lease a custom built warehouse in a brand-new development.”

Cushman & Wakefield's Freddie Donne and Savills' Peter Trikamji at the M6 Connect industrial estate at Meadowbrook.

M6 Connect is being marketed by Savills Peter Trikamji and Cushman & Wakefield’s Freddie Donne.

“We have already had inquiries from businesses in the commercial cleaning, freighting and logistics hire industries,” Mr Trikamji said.

“Sites range from 1,500sqm to almost 6,000sqm, so they are suitable for small to medium scale businesses.

“The project offers value, with leasing rates expected to range from $125/sq m to $140/sq m.”