Skip to content
Walker Corporation

Walker Fast-tracks Citiswich Final Stages

Walker Fast-tracks Citiswich Final Stages

Another month of strong industrial sales has bolstered Walker Corporation’s strategy to bring forward construction of the remaining 70 hectares of Walker Corporation’s South East Queensland land holdings at Citiswich Business Park.

Walker has completed the latest sale of a new logistics facility to GPT, which is being developed by Walker for SAAB Defence Industries, to operate a 24-hour medical deployment for the Australian Defence Force.

Walker Corporation Executive Chairman Lang Walker said the demand for industrial land and logistics hubs around the country continues to grow strongly.

“Over the last 6 months Walker Corporation has completed over $110 million of sales at Citiswich,” Mr Walker said.

“The pandemic has prompted a shift in the landscape with companies needing large and well-located logistics centres.”

Citiswich contains businesses from defence, aeronautical, health and data technology industries as well as large format retail, including one of Costco’s largest national warehouse outlets.

“On the back of strong sales and enquiries we are fast tracking our last stages and we are already seeing strong interest from institutional investors,” Mr Walker said.

“We are meeting demand with supply of land and the team has finalised all design and approvals for the remaining stages.”

With these approvals in place, Walker is finalising contracts to commence works on the last two stages of its remaining 70 hectares at Citiswich. Construction will commence at the end of January 2022.

Stage 4 is attracting solid interest as one of the few 20 hectare lots on offer in south east Queensland. The flat pad is just 25 minutes to the Brisbane CBD with B-Double truck direct access to site and positioning in the middle of 3 national highways.

Stage 7 will offer multiple, flat serviced lots within a 50 hectare parcel to be developed, appealing to the surge in growing companies wanting more logistics space to run online businesses, impacted by changes in consumer behaviour caused by the pandemic.

GPT settled on the SAAB facility via a fund-through mechanism this week along with the purchase of an additional 6 adjacent industrial lots, joining other large institutional investors into Citiswich including Centuria, Centennial, and Arrow Capital Partners.

Walker and SAAB marked the beginning of construction of the Citiswich facility in April 2021 with Minister for Defence Peter Dutton breaking ground for the project with works to be completed by March 2022.

“We are building a hub bigger than two football fields which will operate 24 hours a day, seven days a week. Its proximity to Amberly Air base makes Citiswich the perfect location for SAAB to deploy cutting-edge lifesaving health equipment,” Mr Walker said.

Saab’s $337 million contract will deliver and maintain 550 deployable health modules, enabling the Australian Defence Force to provide world-class clinical care.

The purpose-built site has been designed to include specialist medical technician facilities, maintenance workshops, training and storage facilities, as well as outdoor exercise space to enable the ADF operational medical teams to gain familiarisation with equipment.