Build where the boom is

28/07/2009

'That whole southwest is where all the growth is - Springfield right through Ipswich and all those communities' Lang Walker.

MAJOR road upgrades between Brisbane and Ipswich will help drive development of the $1 billion Citiswich Business Park.

Walker Corporation executive chairman Lang Walker said the park, which opened 18 months ago, had secured commitments to 200,000sq m while another 200,000sq m was under negotiation.

Interest has been boosted by Citiswich's location which is adjacent to national highways and near road improvements. "Major government investment in transport infrastructure is driving businesses to the estate ... (and) dramatically slashing travel times," he said.

"With the fast-approaching completion of the Ipswich Motorway ... you will see a lot more interest in the site." Mr Walker said The Reject Shop recently opened its 26,000sq m distribution centre at Citiswich, joining Australian Pharmaceutical Industries, Capral Aluminium, KSB, ThoroughClean, Caltex and Australian Wood Panels.

He said that, with a 10 per cent uptake so far at the 335ha park, Walker Corporation had been pleased with progress. He said Walker Corporation specifically targeted growth corridors, with the southwest of Brisbane a major hotspot. "That whole southwest is where all the growth is - Springfield right through Ipswich and all those communities," he said.

"My strategy was that, seeing where the residential growth was, there will have to be employment opportunities and that's what we concentrated on."

Walker Corporation has also targeted northern Brisbane, with the 30ha North Point Business Park at Murrumba Downs. "We have all our approvals and we're in the process of starting work at the moment," Mr Walker said.

Media Monitoring Report
Profile: Text - Walker Corporation
02 July 2010

Title: Build where the boom is
Source: Courier Mail
Circulation: 208214
Date: 2-Jul-10

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