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Case Study | 1 Lahrs Road, Ormeau QLD: Brokerage


We didn’t just see an investment. We saw bespoke solutions designed to accelerate your success.

Location (City)

Asset Type

Transaction Date

Size (Sqm)

Value (USD)



October 2020


$30.23 million


Buyer: Centuria Capital

Seller: ESR

Services provided: Brokerage


The Challenge

  • Property was located in a non-core industrial market
  • Private covenant with a short WALE for a cold-store asset

The Colliers Australia Industrial Capital Markets team worked closely with the client to be appointed to transact the property. The location of the asset is historically a non-core industrial market, and the premise had a private covenant with a short WALE for a cold-store asset.

On the back of unprecedented interest in cold-store facilities, Colliers sought to maximise the potential of the property for the client.

The Strategy

Leveraging on strong market interest in industrial assets, our Colliers experts worked on a strategy to showcase the strength of Yatala as being centrally located to service the two largest cities in Queensland – Brisbane and the Gold Coast.

The Solution

Colliers provided leasing, sales and research services for the client throughout the sales process, along with regular updates.

In addition, Colliers Research wrote a whitepaper on the strength of the cold-store sector in light of focuses on food security, and the desire to have a broader supply chain.

The Result

At the close of the International Expressions of Interest (EOI) process, a total of 8 offers were received for the asset – a mix of domestic and offshore institutional investors. The offers represented record pricing for the market, with Centuria being the preferred acquirer.

The result was well beyond the client's expectations, as the Colliers team sought to maximise the outcome by ensuring a tightly controlled process that ensured competitive tension.


To see what could be the potential of your investment success, connect with our Capital Markets and Investment Services experts today.

Read more of our client success stories and case studies here.


Related Experts

Gavin Bishop

Managing Director | Industrial



Gavin is the Managing Director of Industrial & Head of Industrial Capital Markets Australia at Colliers, where he has been specialising in industrial property for 21+ years. Based in the Sydney CBD Head Office, Gavin manages a highly successful team of over 120 staff across every state & territory nationally in key industrial and logistics precincts.

Gavin specialises in the national industrial capital markets and has excellent relationships across a broad spectrum of institutional, international and private investors. Over Gavin’s time with Colliers, he has completed hundreds of deals in industrial property, settling over $14 billion in his career to date, and leasing over 400,000sqm. Gavin enjoys a 75% market share of industrial capital markets share in NSW.

Gavin has worked extensively in the sale of industrial portfolios of up to 30 assets in one portfolio. Gavin and his team have sold 24/34 of all industrial portfolios in Australia over the last five years, including the AMP Portfolio ($105m), J.P. Morgan Portfolio ($250m), Altis Portfolio ($342.5m), Qantas Portfolio ($802m) and GIC/Australand Portfolio ($1.073b).

Some major distribution centre sales that Gavin and his team have been involved in over the last two years include, the Calibre, Eastern Creek ($130.1 million), 1 Eucalyptus Place, Eastern Creek ($90.5 million), 3 Roberts Road, Eastern Creek ($253 millions) and 6-20 Clunies Ross Street, Greystanes ($76.6 million)

Gavin has focused on building deep relationships with his clients, providing the latest in-depth information about logistics markets across Australia, which in line with his extensive track record, has seen Gavin achieve record-breaking results for his clients.

Gavin is a long-standing member of the Colliers team, having joined in 2000 as a graduate valuer. Gavin commenced with Colliers as part of their Scholarship Program and he was fortunate to work across multiple service lines and locations across Sydney, before settling in the Industrial team in Sydney South in 2001. Over the last 20 years, Gavin has progressed through the industrial business including managing the Sydney South and Sydney South West offices, before moving into the NSW State Product Director for Industrial in 2010.

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Sean Thomson

Head of Industrial Capital Markets, NSW



Sean Thomson works for Colliers as Director of Industrial Capital Markets, Australia and Head of Industrial Capital Markets | NSW, where he specialises in the sale of industrial & logistics assets nationally.

Sean works alongside Gavin Bishop (Managing Director of Industrial, Australia) on a day-to-day basis and holds excellent relationships across a broad spectrum of corporate, private, institutional and international investors.

Having been involved in excess of $14.0 billion of strategic valuation advice, his experience and understanding of the levers which can best maximise value together with the capital markets team’s track record, is integral in achieving the strongest possible result for his clients.

Sean has been involved in many large-scale portfolio divestments including:

  • Qantas Portfolio ($802 million)

  • The Kirby  Portfolio ($220 million)

  • The Super Core Logistics Portfolio ($186 million)

  • The Greenlit Brands Portfolio ($171 million)

  • Calibre, Eastern Creek ($130 million)

  • The Kaufland Portfolio ($129 million)

  • The AMP Portfolio ($105 million)

Sean holds an unmatched track record in divesting major distribution centres including:

  • The Fairfield Distribtuion Centre ($200 million)

  • Toyota South Sydney ($171 million)

  • 884 Mamre Road, Kemps CReek ($125 million)

  • 59 Lockwood Road, Eastern Creek ($107 million)

  • 37-39 Wentworth Street, Greenacre ($100 million)

  • 1 Eucalyptus Place, Eastern Creek ($91 million)

  • 342 Hammond Road, Dandenong South ($87 million)

Sean holdings a significant track record in divesting many greenfield and brownfield sites within Sydney including:

  • 1 Augusta Street, Huntingwood ($201 million)
  • 706 Mamre Road, Kemps Creek ($195 million)
  • 286 Horsley Road, Milperra ($152 million)
  • 1 Princes Highway, Dandenong South ($96 million)
  • 149 Airds Road, Minto ($75 million)

Sean has focused on building deep relationships with key global institutional clients, providing the latest in-depth information about the logistics market across Australia, which in-line with his extensive track record, has seen him achieve record-breaking results for his clients.

View expert