Port of Brisbane cements major lease deal
Port of Brisbane has renewed Cement Australia to a 9.17 hectare piece of Bulwer Island, at Pinkenba.
The deal is for a significant 40 years.
With a deep water berth, the property manufactures, mills and distributes products.
Bulwer Island, spreading 120ha, is a reclaimed tidal mangrove at the mouth of the Brisbane River.
The commitment comes a year since the Port of Brisbane pre-committed DSV Air & Sea to a 16,000 square metre warehouse on a nearby 4.8ha Fisherman Island site (story continues below).
Last November meanwhile, dry chemical logistics provider Natrio paid $18.85m for a 2.51ha industrial facility site opposite Brisbane Airport, in the pocket, with plans for a 14,800 sqm office/warehouse to occupy.
Natrio bought that property which was at the time being offered for pre-lease.
Pinkenba is about 15 kilometres east of the CBD.
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