City of Gold Coast settles $20.95m deal for Carrara industrial land

City Link will take shape on part of an 85 hectare amalgamation Gordon Corp acquired in 2018.

City of Gold Coast has settled a $20.95 million deal for two adjoining Carrara sites on which it will build a water and sewage plant.

The 5.1 hectare parcel forms nearly 20 per cent of Gordon Corp’s recently launched City Link Industrial Estate.

With the sale, 90 per cent of the business park six kilometres south west of Surfers Paradise is committed.

City of Gold Coast has paid $20.95 million for Lots 2 and 3 at Gordon Corp’s City Link Industrial Estate.

The price council paid for Lots 2 and 3 value every square metre at more than $600 which Colliers International’s Pat Cavanagh and Marlon Crawford said is a local record.

The estate is walking distance to the proposed Merrimac train station, set to open next year.

City Link Industrial Estate

City Link is taking shape on part of an 85ha parcel which Gordon Corp picked up from local and interstate vendors for more than $20m in 2018.

Accessed from Eastlake St, alongside Pacific Motorway, it contains 23 subdivided lots ranging from 2000sqm to four hectares.

As well as marketing land for sale, the developer promoted it could purpose-build any pre-lease commitments (story continues below).

In the immediate area, council occupies a major depot.

There is also a State Emergency Service centre.

The City Link facility, for Gold Coast Water, will include a 4000 sqm office.

Gordon Corp elsewhere on the Gold Coast

On the balance (58ha) of its Carrara site, accessed from Hickey Way and Peterbridge Avenue, Gordon Corp is intending a residential subdivision.

Elsewhere on the Gold Coast, the group is proposing a mixed-use hospitality, residential and retail complex with 15 level towers at a site next to Dreamworld and White Water World, at Coomera.

Between these addresses, in Arundel, in 2017, the developer paid Colgate-Palmolive $22m for a 22.16ha industrial facility with plans for a business park designed with lots from 2000 sqm to four ha.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco