Major new development kicks off new property era at Port of Brisbane
Silk Contract Logistics has become the first logistics customer to lease land in the Port of Brisbane’s expansion zone, agreeing to terms on a 56,560m2 site on Fisherman Islands, Port of Brisbane said in its press release.
Located at the eastern end of Fisherman Islands in close proximity to the quay line behind Wharves 11 and 12, this prime logistics site will be the first parcel of land developed as part of the Port of Brisbane’s 209 hectare Future Expansion Zone.
The development will be fully constructed by the Port of Brisbane, and will consist of:
Warehouse 15,000m2
Office 250m2
Heavy Duty Pavement 20,000m2
Truck Parking Area 5,000m2
Port of Brisbane Chief Executive Officer Roy Cummins said the agreement with Silk was a landmark day for the Port.
“Aside from our world-class team, the thing that really sets the Port of Brisbane apart from other capital city ports is our room for growth,” Mr Cummins said.
“Having a business the size and calibre of Silk commit to our expansion area is a huge coup for us, and really cements the Port of Brisbane as south-east Queensland’s foremost trade and logistics hub.
“The site chosen by Silk also gives them the capacity to expand in the future, another offering few competitors could rival.
“We see it as the start of a new wave of investment, as we responsibly and sustainably develop the Port in line with the enormous growth potential of Queensland’s economy.
“Our customer centric Property and Infrastructure teams have worked tirelessly on the facility’s design, with construction to commence in November this year.
“I’d like to congratulate all involved for their work in bringing this deal together, and welcome Silk Contract Logistics as the newest customer at the Port of Brisbane.”
Silk recently announced the successful acquisition of Brisbane-based Container Swinglift Services (CSS), a family-owned container transport and warehouse business in Brisbane.
Silk Managing Director Brendan Boyd said "CSS has a long history in servicing the food and agricultural sector, two market segments in which Silk also has a strong presence, and the addition of the CSS business only further strengthens our position in this market.”
"The acquisition increases the Silk workforce in Queensland by over 70 FTE’s, adds additional fleet of 30+ vehicles and over 60 pieces of trailing equipment," Boyd said.
The purpose-built facility on the Port of Brisbane will provide a new home for the merged companies of Silk and CSS. The direct access to the major shipping terminals and increased road mass allowances will provide significant benefits for the company’s customers and will create efficient and flexible vehicle cycle timing.
"These initiatives signal the start of an exciting new era for the Silk business as it looks to establish itself as one of the emerging stars in the Australian logistics market.”
