Darra

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An Australian owned and operated energy storage company has secured a brand new speculative built warehouse facility in Darra to house their operations.
RedEarth Energy Storage have leased the 2,024 sqm space located at 15 Fienta Place for $120 per square metre, in a seven year deal negotiated by Chris Young of Savills.
Executive of Savills Industrial and Business Services, Chris Young said the transaction was negotiated with a fitout incentive in place.
“An ‘innovation centre’ will be built, from which RedEarth will conduct research and development, there will also be a control room built for the monitoring of its battery fleet, plus a staff training room,” Mr Young added.
RedEarth engineer and manufacture a range of solar battery systems, including both on and off-grid storage and hybrid energy storage.
Executive Director of RedEarth Energy Storage, Charles Walker reports that they plan to make and sell over $70 million of Australian-made energy storage systems by 2022.
The property is set to benefit from the next stage of the Ipswich Motorway upgrade, which will see a new off ramp onto Kimberley Street built.
“This will make the site accessible from the motorway within minutes,” Mr Young said.
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Savills secure Darra warehouse lease for RedEarth Energy Storage

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Huon Property Group has purchased a 7ha infill residential development site in Darra, Queensland, for $20 million. 
Plans for the site include a multi stage residential community, subject to council approval.
The site is currently zoned for low-medium density residential development.
Developable area of approximately 6.5ha.
The site is a surplus portion of the Connectwest Industrial Park at 242 Englefield Road in Darra.
Dan Toh, Chairman of the RunningStream Group said the site in Darra is clearly aligned to our values and we look forward to providing residents of this community with a positive outcome in terms of quality and price. 
The property was marketed via an expressions of interest campaign by Brendan Hogan and Adam Rubie of Colliers International in conjunction with Mark Creevey and Tony Williams of Ray White Special Projects.
Brendan Hogan sad they received a record of 174 enquiries during the campaign, and 20 offers from a range of private and public groups, based both locally and offshore.
“The strength of the middle ring in Brisbane is evident, as we are experiencing unprecedented demand from groups looking for infill development opportunities to build townhouse and land projects,” he said.
Tony Williams of Ray White Special Projects said the interested parties were also attracted to the fact that the seller will create the title and deliver an approved, serviced, cleared and compacted site ready for development.
“The opportunity to acquire a 7ha vacant residential site within Brisbane LGA is rare, especially when it is located in close proximity to a variety of shopping, educational, community, public transport and recreational facilities," he said.
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$20m 7ha Darra site set for residential development

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Fife Capital has expanded its presence in Queensland’s industrial market, securing two facilities in the Brisbane suburb of Darra for $29.45 million.
CBRE’s Ed Bull and Cushman &amp; Wakefield’s Corey Bott negotiated the sale of 2642–2666 Ipswich Road on behalf of Cambooya Pty Ltd.
Comprising 9,732 square metres over two modern corporate industrial facilities, the property is securely leased to two tenants, including two ASX-listed subsidiaries – Ensign Services and Multispares Limited.
Bull said the formal on marketing campaign yielded over 50 enquiries due to the quality of the investment offering.  
"This opportunity to acquire a secure investment backed by majority ASX-listed subsidiaries drew interest from a vast pool of buyers, including local, domestic and foreign purchasers," Bull said.
"In addition to its attractive tenancy profile, the property also benefits from an enviable location in close proximity to the Ipswich Motorway – one of south east Queensland’s major arterial roads."
Covering a total site area of 23,463 square metres, the property is located in the heart of one of the industrial precinct, with the Ipswich Motorway upgrade and ConnectWest Business Park project attracting more tenants to the area.
"The western corridor is already one of Brisbane’s most sought after industrial precincts, with major tenants including Toll, Cascade, Australia Post and Coca Cola Amatil," Bott said.
"Ongoing projects in the area will continue to drive growth in this thriving precinct and subsequently fuel investment activity.”
Each tenancy comprises a mix of corporate accommodation over two levels and adjoining clear span warehouse, with roller door access and concrete hardstand areas.
 
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