CTI Logistics subsidiary GMK Logistics signs last available lease at Frasers Property Industrial’s Yatala Central estate in Queensland
BRISBANE, 26 MAY 2022
Frasers Property Industrial has secured leading Australian flooring logistics supplier, GMK Logistics (GMK), as the final customer at its circa $500 million Yatala Central estate in South East Queensland, marking 100 per cent occupancy at the 400,000 square metre industrial estate.
A subsidiary of the ASX-listed CTI Logistics, GMK will lease a 25,580 square metre state-of-the-art distribution facility on the last parcel of available land at Yatala Central. The facility will support GMK’s extensive transportation fleet and outsourced warehousing and transportation services through 12 loading docks, with nine roller shutter door openings, a high roof clearance of 11.5 metres, and a 512 square metre office space.
GMK joins OJI Fibre Solutions, Beaulieu Australia and Reward Hospitality at the industrial estate, as well as Visy Glass. GMK’s facility will feature on-site solar panels to generate clean electricity, as well as a rainwater storage tank connected to the landscape irrigation system and main office bathroom amenities. Additionally, water efficient commercial grade sanitary fixtures will feature throughout. The facility has also been designed to target 5-Star Green Star Design and As-Built v1.3 certified ratings from the Green Building Council of Australia.
GMK’s employees will also have access to a landscaped rooftop terrace at their facility, adorned with generous seated planters, green walls and timber cladding. The additional outdoor space for socialising and staff events is part of Frasers Property Industrial’s strategy to create next-generation industrial amenity to support the health and wellbeing of people working in industrial and logistics.
Troy Whalan, General Manager – Queensland for Frasers Property Industrial comments, “We are pleased to provide GMK with future-focused facilities where their employees can work in an environment that promotes efficiency and collaboration. As we deliver on our bespoke solution, we look forward to helping GMK successfully implement their specialised services in the region.”
“With the completion of this deal, Yatala Central will be fully developed and occupied. This is a momentous occasion for us as we have come a long way since commencing our first bespoke project in the estate in 2015. This demonstrates the impressive demand that we’ve experienced for high-quality developments that prioritise health, wellbeing and sustainability through our offering of contemporary designs and amenities that deliver seamless end-to-end user experiences.”
Glenn Brown, General Manager of Commercial for CTI Logistics, said, “We are delighted to have secured this last space in Yatala Central for CTI and GMK Logistics. This state-of-the-art facility will help to underpin our commitment to our Queensland customers and we are excited to be partnering with Frasers Property Industrial.”
Matthew Williams, Associate Director, Industrial Logistics at Knight Frank, comments, “The Yatala Central estate has rejuvenated the entire Yatala Enterprise Area, bringing renewed attention to the location and precinct. Its occupancy success is why we’re now seeing significant leasing inquiry for Frasers Property Industrial’s nearby premium estate Vantage Yatala. The future-focused and sustainable designs of both estates have proven to be a draw for enquiry from quality customers.”
Aligned with Frasers Property’s commitment to creating a greener industrial future, Yatala Central has significant open space and sustainability initiatives that include 130 bird nest boxes for native birds and wildlife, as well as the planting of over 1,100 trees and 115,000 shrubs and plants.
Much like Vantage Yatala, which is being developed according to Frasers Property Industrial’s Premium Estates concept, cutting-edge modular Building Design Guidelines will be used for GMK’s facility. This will use sustainable industrial materials with a warm and welcoming aesthetic that is not found in traditional warehouses.
Located between Brisbane and the Gold Coast, Yatala Central’s prime location provides easy access to Queensland’s M1 Pacific Motorway to service major population hubs in northern NSW and Queensland’s east coast.
This deal was negotiated by Matthew Williams of Knight Frank, and construction of GMK’s new facility is expected to reach completion in late 2022.