Goodman Group secures Gibson Island in Queensland’s largest industrial land sale
Dyno Nobel has finalised the sale of its Gibson Island property to Goodman Group to record the largest freehold industrial land sale by value in Queensland’s history, according to Colliers, which represented the listing.
The 57.94-hectare site, located just 10 kilometres from the CBD on the Brisbane River, offers more than a kilometre of river frontage, deep-water wharf access and direct connectivity to the Port of Brisbane. It is one of only two Special Industry-zoned holdings within the Australia TradeCoast, positioning it as one of the most strategically significant industrial holdings on the Eastern Seaboard. Its acquisition positions Goodman at the centre of a tightening industrial landscape.
According to the Property Council of Australia’s No Room to Grow Industrial Land Supply & Vacancy Report, Greater Brisbane’s industrial land supply could be exhausted in less than five years, with key precincts running out of development stock as early as 2028. The Gibson Island sale, facilitated by Colliers’ Simon Beirne, James Wilkie, Rob Joyes and Peter Evans, therefore releases a critical piece of land at a time when demand is accelerating ahead of the 2032 Olympic and Paralympic Games.
Colliers Queensland chief executive Simon Beirne said the transaction comes amid record-low vacancy rates and surging land values.
“This is a once-in-a-generation deal that secures a rare landholding at a time when there is no land available,” he says.
“Demand will only intensify as the Olympics draw nearer – the Brisbane industrial revolution has started.”
Colliers’ research shows industrial land prices in Brisbane have jumped 22 per cent year-on-year, bucking national trends that have seen values in Sydney and Melbourne soften. Since 2020, capital values within the ATC have increased by around 67 per cent, which is significantly higher than the 40–50 per cent growth observed in other Brisbane precincts.
The vacancy rate for industrial properties larger than 3000 square metres in the ATC has fallen to just 1 per cent, which is the tightest in Brisbane and among the lowest nationwide.
Colliers’ industrial and logistics expert James Wilkie said the campaign attracted strong interest from both national and international heavyweights.
“There is no land left in the ATC of this scale, which drove exceptional buyer interest,” says Wilkie.
“As Brisbane prepares for the 2032 Games, this transaction marks the beginning of a new era of industrial development that will underpin Queensland’s economic growth for decades.”
