
Gibson Island sits within Brisbane’s Australia TradeCoast zone. Photo: Colliers
A ONE-OFF piece of real estate has come to market with Incitec Pivot Limited’s 58ha Gibson Island site at Murrarie on the Brisbane River.
The listing was flagged in November 2024, when IPL announced plans to spin off its fertiliser business and retain its Dyno Nobel divisions which are involved primarily with explosives.
IPL ceased manufacture of urea at Gibson Island in January 2023, and will relocate its primary distribution centre for imported fertiliser to a new facility at the adjacent Port of Brisbane later this year.
The Colliers team of Simon Beirne, Rob Joyes, Peter Evans and James Wilkie are now seeking international expressions of interest which close March 13 for the site.
“This site offers unprecedented potential to develop a world class logistics estate in the heart of the Australia TradeCoast precinct that could change the face of Brisbane,” Colliers Queensland chief executive Simon Beirne said.
Australia TradeCoast is a zoned industrial area which includes Brisbane Airport and the Port of Brisbane.
“We have no land left in the TradeCoast; this will be the last major development site for Industrial in Brisbane of this scale.
“Gibson Island represents the largest industrial development land holding with deepwater wharf access for sale on the Eastern Seaboard, and we expect extreme market interest from both developers and occupiers.
“Strategically located within the heart of the Australia TradeCoast precinct, this site provides direct access to the Port of Brisbane, making it a highly sought-after development opportunity in a land-constrained market.
The site features 1165m of Brisbane River frontage.
Brisbane is Australia’s third-largest container port, and also handles bulk including grain, fertiliser, and coal, as well as vehicles.
Surplus to requirements
Gibson Island was developed in the 1960s as a site for manufacturing fertiliser, and became Australia’s only producer of urea using domestic natural gas.
A boom in gas exports from Qld made it increasingly difficult for the plant to turn a profit, and after its closure in early 2023, it entered into discussions with Fortescue Future Industries to redevelop the site for green ammonia production.
Despite receiving $13.7 million from Australian Renewable Energy Agency to help fund preliminary design, the project did not proceed.
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