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International outdoor power tool company, STIHL, has moved into a new, larger distribution centre in an emerging industrial estate in the Brisbane/Gold Coast corridor, Yatala. Built by MacNab Construction, the $8 million dollar office and warehouse replaced STIHL’s long-term distribution centre at Heathwood. The new building features 400 square metres of office and 4,000 square metres of warehouse space, plus an additional 3,000 square metres of overflow space for warehouse expansion. Due to the enormous size of the warehouse and the large amount of stock, building safety was a key requirement. The construction did not only need to fulfil local building code requirements, but also needed to meet approval of FM Global, an internationally recognised commercial insurance regulatory body. FM Global assesses building components and their performance in protecting the assets inside. Non-combustible building panels were a must-have to meet approval, which would ensure safety of ....
The sale of the distribution centre in Heathwood was at a premium to book value, but only slightly more than what Ascendas REIT paid for it in 2015. ....