eKourier Oct 2018

FEATURE

New Centres Coming From Far And Wide

more than five years. I n Queensland we have secured properties in some exciting growth areas in the Gold and Sunshine Coasts. In Queensland’s beautiful Gold Coast we will be opening a new centre in 2020. One of our investor partners has secured a site at 1-3 Olympic Circuit Southport. The application has been lodged with Gold Coast Council for a new 5-storey building with 9,500 square metres of GFA. Construction should commence in 2019 with an opening in 2020. Near Caloundra in Queensland’s Sunshine Coast a new suburb has been born. Owned and developed by by Stockland; Aura, will eventually be home to 50,000 people and 20,000 homes. We have secured 11,000 square metres of land in a gateway location of this new community. We hope to open in Summer 2019-20. Southport QLD Aura QLD

Southport QLD

KSS will develop a storage centre of 8,000 square metres GFA as well as develop other uses, which may include Fast Food, a Service Station and Retail.

Some exciting new properties have joined the development program in the last few months across NSW, Queens- land and Victoria. These new acquisi- tions join Coorparoo (Qld), Thomastown (Vic), Hastings (NZ) and Wairau Valley (NZ). W ith Melbourne growing rapidly and forecast to outgrow Sydney in the next two decades, new opportunities have emerged in the growing outer suburbs. The pace of growth every time I visit is amazing. In the west, we have acquired 1.2 hectares on Leakes Road at Truganina. The outer west of Melbourne has been growing rapidly and is experiencing a substantial infrastructure investment in trains and roads. Leakes Road is being widened and will be a major arterial road. The new KSS property at Truganina will have five 2-storey buildings, developed in three stages, and a GFA of 13,300 square metres. Truganina, Victoria In Melbourne’s north, we have secured 3.4 hectares adjacent to Bunnings with exposure to the Hume Hwy and Motorway. We have been battling Hume City Council about the Zoning for some time. We have enjoyed some wins and are working our way through further complex legal hurdles. Craigieburn, Victoria

Cranbourne, Victoria

In August we acquired a property on Thompsons Road in Melbourne’s outer east suburb of Cranbourne. The property is 1.6 hectares and positioned on a main road corner. Cranbourne is another exciting growth area with thousands of new homes being developed every year. We are about to lodge plans for development of this property. All going well, construction should be completed in Summer 2019-20. S ydney’s population growth is also running rampant and the second Airport is creating a mini land rush around it. After many decades Sydney’s second Airport is now becoming a reality. The first flights will operate from 2026, so there is a great deal of work to do and is Australia’s largest infrastructure project. In anticipation of this we have bought in early acquiring three hectares in Bringelly. The position is very close to the new proposed Airport CBD known as the ‘Aerotropolis’. We are anticipating this project will likely not commence for Bringelly (Badgerys Creek Aerotropolis NSW)

Sam Kennard Managing Director

Bringelly (Badgerys Creek Aerotropolis NSW)

Truganina Vic

5 Kennards Kourier Oct 2018