Harvey Norman buys MacGregor supersite

An industrial site spanning 23,786sqm in the Brisbane suburb of MacGregor has been sold to retailer Harvey Norman.

The property, 572 and 588 Kessels Road, and features over 10,000sqm of existing NLA which is currently occupied by Asahi Beverages.

Matthew Frazer-Ryan and Anthony White of Colliers International negotiated the sale. White said the site is situated in a large format retail precinct with over 80 enquiries and multiple offers from high net worth investors and developers. 

“The strategic location of the site is vital for the future growth of their store footprint," he said.

"MacGregor is a strong performing precinct and Harvey Norman will work over the medium term towards a development outcome that will add even more diversity for customers in this precinct.

“Sites of this size with main road exposure and high level of existing infrastructure in place are increasingly rare throughout Brisbane, particularly as residential rezoning has been prevalent."

Harvey Norman plan to build a large format centre on the location.