JLL relocates Australia’s leading timber manufacturer to new distribution centre in Port of Brisbane

BRISBANE, 11 August 2021 – JLL’s Senior Executive Industrial, Fraser Power has successfully relocated Hyne Timber, Australia’s leading timber manufacturer, to their new 12,608sqm South East Queensland Distribution Centre in Osprey Estate at the Port of Brisbane.

“After conducting an extensive search from Larapinta to Eagle Farm, Hyne Timber were drawn to the highly functional layout, drive-around capability and direct access to heavy vehicle road routes, providing a streamlined production and distribution process that greatly improved their operational efficiencies,” said JLL’s Fraser Power.

“Underpinned by a booming construction sector, the expansion and relocation exercise was driven by proximity to critical infrastructure, tenant specific requirements and improved central locality to their South East Queensland customers,” he said.

Hyne Timber’s General Manager of Customers, Peter Hyne said the new warehouse was a significant upgrade to their distribution network.

“It offers us increased capacity and is designed to offer our customers even greater service as we increase production at our Tuan Mill to meet the future demands of the market,” said Mr Hyne.

“The new distribution centre is our largest nationally and services 90% of all deliveries to the South-East Queensland region.”

The 12,608sqm building provides Hyne Timber with 500sqm of corporate office and 12,108sqm of warehouse, accessed via multiple double width doors, ideal for transferring timber.

Mr Power said that following confirmation of this lease in Osprey Estate, the complex now had only 5000sqm of vacancy (~7.8%), with the owner having filled some 25,000sqm+ since acquiring their stake less than 12 months ago.

Osprey Estate is a major industrial estate on the Port of Brisbane. Owned by FIFE Capital and Monash Private Capital, it comprises four buildings that provide approximately 64,000sqm of A-Grade warehouse space, making it a major industrial holding for both parties.