Byron Bay Industrial Precinct Wins Tick of Approval

Developer Hannas has won approval for its large-scale industrial precinct on the main road into Byron Bay as the sector reaches a critical point in the town. The private Sydney-based developer filed plans for the site at 294 Ewingsdale Road with the Byron Shire Council in March, winning the green light nine months later. The Solus Industrial precinct comprises 17 benched and freehold industrial lots on the 5.6ha site that is also known as 22B Melaleuca Drive. Eight of those lots have been sold. BP Wharton, strata developers and owner-occupiers are among the buyers, who are expected to move in by the middle of next year. Hannas acquired the property for around $30 million in mid-2024 from Terry Agnew. Agnew holds a number of properties across the NSW Far North Coast, including Harvest Estate next door to Solus. Tower Holdings is developing 149 homes and parks at Harvest Estate, approved in 2020. To the rear of those properties an 11.5ha parcel approved for 37 homes and 14,000sq m of industrial development came to market about a year ago. ▲ Development on the south side of Ewingsdale Road is rapidly transforming the northern sife of Byron Bay. Hannas chief operating officer Charlie Martin said approval came more quickly than expected because the council was keen to support industry in the area. “We’ve seen south-east Queensland and northern NSW really boom from a residential perspective so ... being able to service those regions is really important,” Martin said. “People often forget that it is one thing to build housing but you also need to build industrial infrastructure to support that.” This is Hannas’s first industrial development outside Sydney and plays to the family-owned business’s strategy of acquiring land within key growth areas. “Traditionally our model is multi-storey industrial strata estates in Greater Sydney,” Martin said. “We’ve done subdivisions before but not in a regional area such as Byron ... it was an untested market from a pricing perspective. “There hadn’t been a lot of land sales in the area just because it is so constrained. “In many ways we did have to use an educated guess ... to inform what our land prices were going to be but ... we’ve already sold half the lots before DA approval. “We’ve got several developers that have their own ideas about how they want to create a very cool and Byron- esque industrial from what they’ve told us.” The Byron Bay Arts and Industrial Precinct across the road is home to brewer Stone &amp; Wood, McTavish Surfboards, and a Bunnings Warehouse among other businesses. ▲ A render of Hannas’ vision for the industrial land release in its DA application. Buyers will be able to develop and build their own developments. Colliers national director Michael Crombie said people after industrial land in Byron had been treading water for years. “Byron Bay has changed dramatically over the past 10 years. With that has been a rapid increase in pricing and a severe decrease in the ability to acquire industrial product,” Crombie said. “We have also found that as the existing industrial precinct in Byron Bay is at capacity, with limited available product ... [which has resulted] in many occupiers taking on additional space in multiple buildings. “Solus will allow buyers or developers to house new stock that can fit this growing enquiry base.” The Urban Developer Property and Economic Outlook | For property development professionals in the Greater Sydney region. Click here

Byron Bay Industrial Precinct Wins Tick of Approval

Want to read more?

It Takes More Than a Room: PBSA Evolves to Meet Student Demands

Soheil Abedian: What’s Driven the Man Who’s Transformed a City

Robots Not a Miracle Cure for Housing Productivity Crisis

Where 600 Wealthy Families Are Putting Their Millions

Brique Thrives in Cauldron of SE Queensland Development

Byron Bay Industrial Precinct Wins Tick of Approval

Want to read more?

It Takes More Than a Room: PBSA Evolves to Meet Student Demands

Soheil Abedian: What’s Driven the Man Who’s Transformed a City

Robots Not a Miracle Cure for Housing Productivity Crisis

Where 600 Wealthy Families Are Putting Their Millions

Brique Thrives in Cauldron of SE Queensland Development

Star Back to Square One After Queens Wharf Deal Collapses

ISPT Files Plans for Dandenong Mega-Logistics Project

Investa, Salvos Reveal Co-Living Plan for Sydney CBD

Star Back to Square One After Queens Wharf Deal Collapses

ISPT Files Plans for Dandenong Mega-Logistics Project

Investa, Salvos Reveal Co-Living Plan for Sydney CBD

It Takes More Than a Room: PBSA Evolves to Meet Student Demands