The largest industrial land and wharf for sale on the Eastern Seaboard, offering over 57ha of industrial land and over 1km of river frontage with wharf access, has hit the market through Colliers, and is expected to attract extreme market interest.

In November 2024, Incitec Pivot Limited (IPL) announced plans to sell its Gibson Island site at Murarrie in Brisbane, after previously ceasing manufacturing at the site in January 2023. Later this year, IPL will be relocating its Gibson Island primary distribution centre to a new facility at the Port of Brisbane.

The Colliers team of Simon Beirne, Rob Joyes, Peter Evans and James Wilkie are now seeking international expressions of interest for this unprecedented 57.94ha development site, located on Gibson Island only 10kms from the CBD with direct access to the Port of Brisbane.

Colliers Queensland Chief Executive Simon Beirne said “This site offers unprecedented potential to develop a world class logistics estate in the heart of the Australia TradeCoast precinct that could change the face of Brisbane”.

“Gibson Island represents the largest industrial development land holding with deep water wharf access for sale on the Eastern Seaboard and we expect extreme market interest from both developers and occupiers,” Simon Beirne said. 

“Strategically located within the heart of the Australia TradeCoast precinct, this site provides direct access to the Port of Brisbane making it a highly sought-after development opportunity in a land-constrained market.

“Brisbane’s port, the third largest in the country, has seen exceptional growth rates, rising at a much faster pace than those of other Australian states, reflecting Queensland’s economic importance and the significance of this site,” Simon Beirne added.

Unprecedented levels of infrastructure development underway in South East Queensland due to significant population growth as well as the upcoming Brisbane 2032 Olympic Games is having a considerable flow on effect to the logistics industry.

Simon Beirne said fundamentals across the Australian industrial and logistics sector remained strong.

“In 2024, Brisbane recorded over 823,000 sqm of take up, with the gap between Sydney, Melbourne and Brisbane continuing to narrow.

“Capital values in Australia TradeCoast remain 20 to 25 per cent higher than other Brisbane industrial precincts due to well developed infrastructure, including its proximity to the port and airport, which continues to drive higher demand,” Simon Beirne added.

Gibson Island is a highly sought-after location due to strong occupier demand in the Australia TradeCoast precinct due to it being a critical hub for the movement of goods to and from Queensland.

Simon Beirne said “This site offers a rare opportunity to transform land into legacy with users able to control their own import and export movements, with 1.165km of river frontage with wharf access a much sought after commodity. 

“And with special industry zoning the site has the ability to handle a multitude of users with high impact industrial applications.

“Over the past decade, raw industrial land values in the Australia TradeCoast have risen by 136 per cent, including a 57 per cent increase in the last five years alone, highlighting the area’s high demand and limited supply.

“As a result of this strong interest, rental rates in the precinct remain the highest, exceeding those in other industrial areas by 5 to 15 per cent, depending on the grade.

“As the Olympics draw nearer, the Brisbane industrial revolution has started with the market already seeing a marked rise in demand for space, driven by the infrastructure boom and the growing need for warehousing and distribution services.

“We are expecting extreme interest in this unprecedented development site, especially considering the location, scale and land-constricted market. We have no land left in the TradeCoast, this will be the last major development site for Industrial in Brisbane of this scale,” Simon Beirne added.

This landmark development opportunity is for sale via an International Expressions of Interest campaign closing 13 March 2025 at 4pm (AEST).

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