Murwillumbah estate coup
HARDWARE giant Bunnings is coming to Murwillumbah after the new owner of the giant Industry Central estate to the town's east stitched up a deal to provide the group with a purpose-built distribution centre which will focus on selling to the building trade.
Bunnings general manager Matthew Toohey said yesterday the complex would be built as part of his company's plans to roll out new stores across Australia along with "dedicated trade centres to cater to the professional builder market".
Construction of the Murwillumbah "trade distribution centre" is due to start early next month and be completed before the middle of next year.
Estate developer Peter Mitchell said the 5000sq/m facility would be built with pre-cast concrete panels on a 1.34-hectare site by his estate's preferred builder Williams River Steel.
Nicholas Brown from Surfers Paradise real estate agents Bayliss Samra, who helped organise the deal, said he had also introduced another two large operators to the estate. He hoped both deals would be finalised this year.
The Bunnings building is the fourth major project Mr Mitchell has announced for Industry Central in the past month.
"Buyers and tenants are now finally realising what a fantastic location Murwillumbah is to service the area south to Grafton and north to northern Gold Coast, now that the new Tugun bypass has opened," he said.
"The Tugun bypass has really opened up this region to companies which once were not persuaded to move here because of traffic congestion. This problem has now gone.
"Stockland and Metricon both are developing residential estates in the Tweed region, including one each at Murwillumbah."
Mr Mitchell said land prices at Industry Central averaged $200sqm, with prices starting from $165sqm. He said he was in talks with a number of other top ASX-listed companies wanting to establish themselves in the Industry Central estate.
He said he hoped to be able announce the new deals soon.
Tweed Economic Development Corporation CEO Tom Senti said he believed the Tweed region would be the future growth area of the "new Tweed /Gold Coast".
"We hope with a new council now in place that they will continue to support developers like Mitchell, who really do a lot for the community as a whole," Mr Senti said.
He said the area had a lot of attraction for larger companies and Mr Mitchell had cleverly targeted this market.
"His first four buildings at Industry Central are all over 2200sq/m with an average size of nearly 3300sq/m," Mr Senti said.