Located at Pumicestone Road, Rutters Road and Clinker Road, Elimbah, the strategically positioned site was offered to the market via an Expressions of Interest campaign, jointly managed by Tony Williams, Mark Creevey and Matthew Fritzsche from Ray White Special Projects Queensland and Morgan Ruig and Mitch Taulelei Cushman & Wakefield on behalf of Melbourne development group Goldfields.
The landmark holding is approved for a major master-planned community, comprising up to 1,400 residential lots, with development approval already in place for the first 288 lots, alongside 25.58 hectares of Mixed Industry and Business Area (MIBA) land and 26.346 hectares of Industrial-zoned land.
Tony Williams from Ray White Special Projects Queensland said the residential scale, approvals and infrastructure delivery were key drivers of buyer interest.
“With approvals already secured for the initial stages and the ability to ultimately deliver up to 1,400 homes, the project is exceptionally well positioned to address ongoing housing demand in one of South East Queensland’s strongest growth corridors.”
“Importantly, the seller’s commitment to deliver major external trunk infrastructure meant buyers could acquire a fully serviced development opportunity significantly reducing delivery risk and accelerating the pathway to bringing new housing stock to market.”
The site is Federal EPBC confirmed as ‘Not a Controlled Action’ and is largely cleared, flat to gently undulating, providing strong development efficiency. Infrastructure agreements are executed with both Moreton Bay Regional Council and Unitywater, with the seller to deliver external water, sewer and the Pumicestone Road Phase 1 upgrade, positioning the land for seamless future development. Trunk servicing works are expected to be completed by early 2027.
The industrial and employment land component proved equally compelling, according to Morgan Ruig of Cushman & Wakefield.
“Industrial land of this scale, approval status and proximity to the Bruce Highway is exceptionally scarce in the Moreton Bay corridor,” Mr Ruig said.
“The combination of general industrial zoning, MIBA land and an approved service centre within one integrated estate created a compelling long-term employment and logistics proposition.”
“With strong demand fundamentals and limited competing supply, the industrial component was a critical element of the project’s overall value and future success.”
The campaign generated strong competitive tension, attracting 261 enquiries and 16 formal offers over a 5.5-week marketing period. The mixed use nature of the site attracted interest from both residential and industrial development groups considering the individual components with the ultimate purchaser demonstrating strong capability across both residential and industrial delivery.
The site was acquired by HB Land, a Singaporean-based, locally operated development group, which intends to deliver the project in accordance with its existing approvals.
“HB Land has a clear strategy to move quickly,” Tony Williams said. “Works will commence as soon as practicable to deliver much-needed housing and employment land to the market.”
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