Mining services firm finds new digs in boom precinct


January 29, 2021

A LEADING resources logistics company has secured a central Queensland base in a newly built office/warehouse within a growing industrial precinct in Mackay.

West Australian-based Bis has a five-year lease on the $7m industrial complex at 40 Gateway Drive, Paget, that was developed and owned by Sentinel Property Group and built by Woollam Constructions.

Sentinel executive chairman Warren Ebert said the project was finished on schedule and on budget.

“Considering the challenged posed in the COVID era, it’s a tremendous achievement to have a lease deal negotiated in the middle of a national lockdown period. It is a testament to the strength of the market in Mackay,” he said.

“We’re grateful for the support we have received for this development from Mackay Regional Council and the efforts of Woollam Constructions and the other contractors involved.”

The 2215sqm office/warehouse on a 6449sqm site has a 173sqm awning, with two 25 tonne cranes. It took about six months to build and Bis will be paying a gross rental of about $268/sqm a year.

More than 100 years old Bis provides logistics, materials handling and specialised equipment solutions to the global mineral resources sector. In Queensland it has operations in the Bowen Basin, Weipa, Moranbah North and Newlands.

Mr Ebert said Sentinel was heavily invested in the Mackay region and has a development pipeline of about $42m worth of industrial projects in Paget this year. “Sentinel has an advantage of scale with about $120m of commercial property in Mackay and therefore we continue to receive enthusiastic support from our financiers for development of this nature.” he said.

Other Sentinel holdings in Mackay include the Northpoint Homemaker Centre, the Birch Carroll & Coyle cinemas complex, and adjoining The Hub @ Greenfields office building, an office building on Wood Street and five other industrial properties in Paget including the Toll Distribution Centre as well as Sandvik’s workshop facilities.

Chris Herde, Courier Mail

 

Request an Investor Information Pack


To take the next step, please call us on 07 3733 1660 or submit the form below.

Register Your Interest
^
Top