The Port of Brisbane has announced the signing of a 10-year lease for a 30,450 square metre Bunnings Distribution Centre at its Port West Estate.
The 7.65 hectare area will be developed by the port, due for completion on late 2013, with an expected value of $45 million.
Port of Brisbane chief executive officer, Russell Smith,. Said the company was pleased the have secured the agreement with one of Australia’s leading retailers.
“Bunnings will be the first tenant to occupy the land at the Port of Brisbane’s Port West Estate,” Smith said.
“The Estate’s prime location provides Bunnings Distribution Centre with access to unrivalled transport connectivity – by road, rail and sea – and immediate access to the Port of Brisbane and Gateway Motorways, to help meet their logistics requirements.
“Tenants also have access to the Port’s world-class cargo handling and warehousing facilities, with over $1 billion invested in capital works during the last 20 years,” Mr Smith concluded.
Bunnings’ general manager of Logistics and Improvement, Rodney Boys, said the port offered an great location for the new distribution centre, catering to the company’s long-term strategy in the sunshine state.
“Bunnings is dedicated to injecting over $730 million of capital investment in Queensland over the next three to five years through new stores. These developments will create over 3,500 permanent positions for Queensland residents and over 5,000 additional jobs during the construction phase,” Boys said.
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