In a significant off-market transaction, Shaw Harrison of Savills Australia and New Zealand has successfully brokered the sale of two adjacent aircraft hangars at Brisbane  Airport, representing the buyer, Alliance Airlines, in the $20,900,000 leasehold acquisition. 

Shaw was appointed by Alliance Airlines to ensure they secured the hangars and joined Cushman & Wakefields’ Myles Frederickson and Jonathan Scott who represented the Seller in this off-market transaction.

The hangars, located at 65 & 75 Pandanus Avenue, span a total of 10,190sqm of  warehouse and office space across a combined site of 24,200sqm, further bolstering Alliance Airlines’ property holdings at the airport. 

“This was a strategic acquisition of neighbouring hangars that Alliance couldn’t afford to let slip through their fingers,” Mr Harrison explained. 

“Whilst we knew there would be interest from other groups, we provided sufficient background metrics for the buyer to devise the right strategy for a successful outcome.” 

The hangars will be crucial to supporting Alliance Airlines’ growing fleet, providing space for aircraft storage and maintenance. 

Alliance Airlines Chairman, Steve Padgett, remarked on the company’s infrastructure achievements during the recent AGM, “I would also like to take this opportunity to comment on the two major projects that have been completed over the last 12 months.  

Those being the construction of the large base maintenance facilities at Rockhampton, and secondly, by securing the hangar complex on Brisbane Airport adjacent to our existing facilities.” 

Alliance Airlines CEO, Stewart Tully further emphasised the importance of the acquisition, “This purchase will future-proof Alliance’s Line Maintenance operations, with the new hangar space being large enough to accept Embraer E190 aircraft, complementing our existing E190 Hangar 2 facility.  

“Additionally, there is significant extra space for engineering workshops and spare parts storage, which will result in a more efficient operation. The facility will also enable our crew and engineering training to be brought back in-house, alongside new office space for head office teams,” he concluded. 

Harrison, who is also marketing the leasehold sale of another hangar at Brisbane Airport, highlighted the increasing demand for such assets. 

“We are marketing another hangar for sale in Brisbane, which looks like it’s going to fly away soon as well. There’s a pretty surprising demand for aircraft hangars at present,  particularly for private jets,” Harrison noted. 

“We have discussed new hangar development projects with four other airport locations across the country, and there seems to be a short supply in every state.” 

This transaction reinforces the growing demand for aviation infrastructure, as Alliance  Airlines continues to expand its operational capabilities at one of Australia’s key aviation  hubs.

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