CURRENT MEDIA RELEASES

Big deals on industrial property show this sector continues to perform well in Townsville as lack of supply and a slow rate of approvals from councils help send prices towards $250 a metre.

Emerging national development company Urbex has snapped-up an Eagle Farm warehouse for $17.5 million, taking its commercial developments in Queensland beyond the $300 million (end value) mark.

Australian privately owned developer Urbex has gain expaned its commercial porfolio following yesterday's settlement of a $2.56m office building in the heart of Mackay.

Australand and Urbex have teamed up for their first joint venture in the industrial sector, successfully acquirring a 61.5 hectare parcel of land within the Yatala Enterprise Area (YEA) in Queensland, south of Brisbane.

Innovative national property developer Urbex's newest community, Kalynda Chase, is in high demand with sales approaching $48 million since its release in November 2005. Urbex Sales Manager, Vi Miller, said on average Kalynda Chase land releases sold out within a week of their release to the market.


DEVELOPMENT FACT SHEET