Two airport hangars have hit the market at Brisbane Airport.
Two multimillion-dollar airport hangars have hit the market in Australia’s most tightly held aviation precinct.
The rare opportunity at Brisbane Airport is tipped to attract strong interest from aviation operators and high net-worth investors ahead of the 2032 Olympic Games.
Colliers agents James Wilkie, Angus Yule and Louis Jorgensen are managing the campaign for the properties at 65–73 and 81 Pandanus Ave on behalf of Alliance Airlines.
Underpinned by surging demand, constrained supply and Brisbane’s 2032 Olympic-led growth, the offering marks one of the few times existing runway-connected hangars at Brisbane Airport have been presented to the open market.
Brisbane International Airport.
It’s uncommon to see existing hangar infrastructure with immediate runway access come to market at Brisbane Airport.
Aerial view of the hangar that is up for sale.
Mr Wilkie said opportunities of this calibre were rarely available.
“It’s incredibly uncommon to see existing hangar infrastructure with immediate runway access come to market at Brisbane Airport,” Mr Wilkie said.
“Only 10 hangars at Brisbane Airport have direct runway access, making the offering exceptionally scarce in what is already one of Australia’s most tightly held aviation precincts.
“There are no comparable opportunities currently available within the precinct, and with aviation demand continuing to grow, we expect significant interest from operators looking to secure long-term positioning in Brisbane as the Olympics approach.”
The two stand-alone hangar facilities provide a combined 7,260 sqm of gross lettable area across more than 24,000 sqm of land, with 160m of airside frontage and direct access to the taxiway on the eastern side of Runway 1.
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This hangar is up for sale.
Aerial view of Brisbane Airport.
Mr Yule said the sale coincided with unprecedented infrastructure investment across South East Queensland in the lead-up to the Brisbane 2032 Olympic and Paralympic Games in Brisbane.
“With more than $116b of capital works in the pipeline across the region, including major projects such as Cross River Rail and Inland Rail, Brisbane is experiencing sustained population and economic growth,” Mr Yule said.
“As Australia’s fastest-growing capital city, we’re seeing continued increases in passenger volumes, aircraft movements and aviation-related demand.
“The Olympics will only accelerate that trend and place further pressure on already constrained airside infrastructure.”
Raw industrial land values across the Australia TradeCoast precinct, which includes Brisbane Airport and the Port of Brisbane, have surged over the past decade, reflecting strong occupier demand and limited new supply.
The two hangars on the market.
Colliers is managing the marketing campaign on behalf of Alliance Airlines.
Mr Jorgensen said the strategic location was a key drawcard.
“Brisbane Airport is Australia’s third-busiest airport and Queensland’s primary aviation gateway, servicing domestic, international, freight and defence operations,” Mr Jorgensen said.
“These assets sit just 12 kilometres from the CBD with direct access to the Gateway Motorway and proximity to major operators including Qantas, Virgin Australia, Alliance Airlines and Airbus, reinforcing the precinct’s status as a premier aviation hub.”
Expressions of interest close on March 27.