Design and construction of a new logistics facility for Kraft Foods Limited. Kraft had exceptionally tight deadlines, and as such engaged Qanstruct & Gibb Group to deliver the required facility.
This significant facility was delivered in June 2012 having commenced construction in December 2011 and represents a relevant example of how Gibb Group was able to proactively work with our key investment clients and Design & Construct builder Qanstruct, to jointly deliver within tight timeframes.
- Gibb Group managed the development of a new office warehouse facility of 23,455 sqm for Kraft Foods Australia.
- Set on 4.6 hectares within Paramount Industrial Estate, Derrimut, the agreement was struck in January 2012 and the facility was completed only 6 months later. The property was subsequently on-sold to a private investor for $21.43m at an initial yield of 8.2%.
- Gibb Group negotiated the lease, arranged construction and investment finance, and managed both the development and its disposal on behalf of its investors.