TODD BROWN OF BELMONDE ANNOUNCES DELIVERY OF KEY SERVICE AMENITIES OFF WARREGO HWY
Belmonde Property Group Managing Director Todd Brown announces completion of latest Warrego Highway development.
Belmonde Managing Director Todd Brown says the fringes of the Warrego Highway are brimming with development activity and the company has successfully delivered one of its major amenity projects in Riverview, Ipswich, Queensland.
The $20 million Warrego Highway Transit Centre combines of Australia’s leading fuel operators, Caltex/Ampol, plus a Foodary offer and 140m2 of adjoining retail alongside one of the world’s premier hospitality offerings, Carls Jr.
Mr Brown says the Warrego Highway Transit Centre will benefit from significant daily traffic volumes, local population growth and nearby proximity to Costco Ipswich and Cityswich Industrial Park, Queensland’s largest industrial development.
“It made perfect sense to include a premium transit centre offering in light of Ipswich’s burgeoning population growth and to inject a much-needed essential services boost for the surrounding community,” Todd Brown says.
“The transit centre is on a high exposure site that benefits from existing access points, which capture both east and westbound traffic.
“There are 37,423 residents within the immediate catchment, with double digit growth rates forecast to continue and 10,000 local employees.
“The Warrego Highway Transit Centre is seeing traffic exposure of up to 50,000 vehicles per day, with an increase to 80,000 by 2031.”
The Warrego Highway Transit Centre site adjoins Ipswich’s largest employer, JBS Dinmore, home to 2,000 employees.
The centre is the only eastbound retail offering on the Warrego Highway between the 48km stretch between Plainlands and Ipswich.
Todd Brown says the Warrego Highway Transit Centre was set up strategically to be a durable and defensive investment asset.
“Despite the economic trappings that many businesses faced during COVID-19, the transit centre had the right tenant mix selection and was able to withstand any downturn, as fuel and fast food will always trade as essential services,” Mr Brown says.
“As disruptive as COVID-19 has been, the centre proved itself to be resilient as a durable asset class, continuing strong trading volumes despite restriction periods.
“Caltex were able to operate unaffected and Carl’s Jr continued to trade during COVID-19 restrictions, with takeaway, home delivery and drive through service.”
The Warrego Highway Transit Centre is the only eastbound retail offering on the Warrego Highway between the 48km stretch between Plainlands and Ipswich.