Circular to Shareholders

Building H1 development

In another significant milestone for the ongoing development of the Brisbane Markets site, Brisbane Markets Limited (BML) has broken ground on the construction of its latest warehouse development, Building H1.

The $23.2 million project includes a 5,987 m² warehouse which is being constructed on a 10,684 m² site on the north western corner of the South Gate West.

A sod turning ceremony was held on Thursday, 27 January 2022 attended by representatives from incoming tenant, Green Endeavour (the combined parent entity of Fruitlink and Suncoast Fresh), architects dwp, BML and construction company, SBP Australia.

BML Chair, Anthony Kelly, said the project demonstrated BML’s ability to attract high-calibre developments in line with the site’s Master Plan.

“This new development reflects BML’s commitment to industry engagement and our focus on delivering world class facilities to service the fresh produce industry.”

Graeme Twine, Director of Green Endeavour, said he relished the opportunity to work with BML and SBP Australia to create a building that is futuristic and forward thinking in a way that is as sustainable as possible.

“Working with BML to create a purpose-built facility has been such a privilege because it allows us to create a design that provides ease of operation and a smoothness to the whole layout of the warehouse,” Mr Twine said.

Fellow Director of Green Endeavour, Doug Rylance, echoed Mr Twine’s sentiment that the design development process had allowed all parties to create a building that met the needs of their business.

“Working with BML has been outstanding. It’s been a professional, seamless process and we have been supported the whole way through. We couldn’t be happier,” said Mr Rylance.

The commencement of construction follows on from what was a two year process of concept and design development and obtaining the required statutory approvals.

Building H1 will consist of a warehouse area, including seven cold rooms, a freezer, two heavy produce rooms one dispatch room, a finger dock and 11 loading docks. In addition, the development will feature offices over two levels and a roof top terrace garden.

Site clearing works are already complete and civil works have commenced ahead of piling works and the construction of footings, due to commence in the coming weeks.

With the current global environment presenting its own unique challenges, SBP Australia Project Manager, Ryan Knott, said in progressing construction they were is placing a focus on ensuring everything goes smoothly even if there are supply chain disruptions.

“The building site is larger than we usually deal with to allow for building materials to be ordered early and stored on site to stave off potential supply chain issues over the course of the year,” Mr Knott said.

The construction works are due to be completed by the end of December 2022.

Andrew Young
Managing Director and CEO

Shareholders interested in buying or selling shares in BML, or who need any information in this regard, may register their interest by sending us an email or by completing the online enquiry form here.

For more information regarding this notice, please contact BML on (07) 3915 4200.


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