FKP Property Group (FKP ) has entered into a contract to sell a 14 hectare site at its industrial estate ‘Industroplex’ in Mackay Queensland for over $25 million, taking the sales contracts written at Industroplex in the last three months to almost $50 million.
FKP Managing Director & CEO Peter Brown said: “The sale of the super-lot is testament to ongoing demand for space in Mackay and is reflective of a regional area that is transforming to a major regional industrial centre. “We are seeing businesses take up space at Industroplex based on long term views that Mackay will continue to prosper. “FKP intends to use the proceeds of the sale to fund the Group’s well-established development pipeline,” Mr Brown said. This transaction follows the recent sales of FKP Property Trust assets including a bulky goods site at Browns Plains for $24 million and Peregian Springs Shopping Centre for over $20 million.
With more than 30 years experience in the Australian property industry, FKP Property Group (FKP) is one of Australia’s leading diversified property and investment companies. FKP successfully operates an integrated business model which includes retirement, property investment and funds management, land development, property development (incorporating residential, retail, industrial and commercial) and construction across Australia and New Zealand. FKP is an ASX top 200 company.