Oceania Glass has taken a 6,902sqm lease at Osprey Estate in Port of Brisbane in a move to reduce their transportation costs. The 5-year deal was struck by Anthony White, National Director of Industrial at Colliers International, following an exhaustive 6-month search.
Oceania Glass specialises in the manufacturing, selling and distributing of flat architectural glass and uniquely are the only operator of a Float line within Australasia.
“We are looking for ways that allow customers to benefit from our local manufacturing, whilst achieving efficiencies across our business and our transport model was the key to this. The business case for a Distribution Centre in Brisbane was pretty simple when we looked at the number of trucks we could get off the road between Sydney and Brisbane,” said Justin McKenzie, Logistics Operations Manager at Oceania Glass.
Joint owned by Cromwell and Monash Capital, the 6,902sqm distribution facility includes very high capacity floor slabs approaching 50mpa and four 10 tonne overhead gantry cranes.
“This facility was one of the few in the market which could handle this type of product,” said Mr White. “Fortuitously for Oceania Glass, most of their stock holdings are coming across the Port of Brisbane, so when we overlaid inbound freight costs into the deal it became very hard to beat.”
Colliers International research has found that tenants are increasingly looking towards a total cost of occupation model, with transport costs being a key driver. “Access to major motorways is always a driver for distribution users and the Port of Brisbane has always been a hotspot given the massive infrastructure spend over the past decade,” said Mr White.
Osprey Estate is a 20-hectare business park sitting just off the Port of Brisbane Motorway. Andrew Page, Head of Asset Services at Cromwell commented that the Oceania Glass deal is one of several in the pipeline for the estate. “We offer flexibility to tenants with sizes ranging from 3,000sqm and have a leasing model that is fluid enough to cater for most users who are importing product into Brisbane,” said Mr Page. “All of our buildings are over 10.5 metres in height and offer A-Double access, which many estates in Brisbane can’t compete with.”
The focus of Oceania Glass is on how their Distribution Centres in Sydney, Melbourne, Perth and now Brisbane allow customers to benefit from the strength of its local service as Australia’s glass maker. “This new distribution facility will give us significant capacity in the Queensland market to service our customers, and we are really looking forward to it being officially in operation from next week,” said Justin McKenzie at Oceania Glass.