All 15 lots at Alder Developments’ Aspire Industrial Park are sold and settled with the first of the park’s residents beginning operations.
Located on an 11-hectare site in the Yatala Enterprise Area (YEA), Aspire represents the only estate to be released in the YEA in the past decade with high impact zoning and the last remaining land in southern South East Queensland zoned for high impact manufacturing, business, and operations.
The project’s exclusive selling agent, Corwells’ director Paul Bates said the development was a success, appealing to businesses seeking the increased flexibility of high-impact zoned land and connectivity with proximity and ease of access to the M1. “The uncertainty of COVID has seen a shift towards increased demand for industrial land even for businesses that are traditionally considered retail or commercial investments,” said Mr Bates.
“Industrial land is the backbone of industry and Yatala has emerged as a place to be for anyone invested in the industrial space. Supply is running out closer to Brisbane and the Gold Coast which is placing increasing emphasis on Yatala and driving demand for industrial precincts like Aspire.
“Aspire allows residents to future-proof their business with the ability to alter their hours and even change the type of operations taking place. The rare high impact zoning caters for a range of operations making it a strong drawcard for tenants seeking long-term flexibility for how and when they do business.”
Aspire Industrial Park resident Lightwave Yachts has finalised stage one of construction at their site, a 2000sqm factory with operations now underway. Lightwave Yachts is the only Australian manufacturer of production cruising catamarans, expertly creating one-of-a-kind catamarans built-to-order. The business is diverse, offering composite manufacturing and multihull servicing facilities.
Lightwave Yachts managing director Roger Overell says relocating to Aspire from the waterfront marine precinct at Coomera has positively impacted the day-to-day operations and future growth of the company.
“Aspire appealed to us because it is a new development – it is a clean, neat, and tidy looking operation. We used to operate from an old factory and since being at Aspire the business has grown exponentially. Our clients love the look of the new factory and there is no doubt it has lifted the profile of the business and our business has increased,” said Mr Overell.
“At Aspire we have been able to achieve a manufacturing production facility that meets our needs with good access for trucks, close location to the highway, and proximity to the Gold Coast, Brisbane, and the Port of Brisbane. “Being able to be fully operational 24/7 was also a big factor for our business and will ensure the future growth of our company.”
Alder Developments general manager Greg Tupicoff says the successful delivery of the project was the result of a hands-on approach to attracting and securing buyers.
“Aspire’s prime location and rare zoning has naturally led to the right users taking up residency in the industrial park with several transport companies, a powder coating fabricator, precast concrete supplier, plus manufacturing and batching plants securing lots,” said Mr Tupicoff.
“We worked hard to finish this development to a very high standard and actively took a hands-on approach to working with Corwells to ensure the unique operational requirements of potential buyers were considered and accommodated to ensure each business felt supported in their decision. Aspire has been a successful and rewarding project and we look forward to watching the resident businesses thrive.”
Alder Developments purchased the Aspire site in May 2017 after identifying Yatala as an emerging industrial hot spot.
Published – Gold Coast Bulletin – 19 February 2021