Leveraging their skills in smaller format warehouses, brothers Gabriel and Vincent Reggi are bringing a new small footprint warehouse typology to south-east Queensland.  Carmdev is developing a high-quality small-footprint warehouse with seven A-grade units ranging from 350sq m to 850sq m, which Gabriel Reggi said was a “gap in the market”. “We have witnessed a large volume of product 100sq m to 250sq m entering the market over the last 12 months, however nothing between this size range and the traditional 1000sq m freestanding warehouse,” Reggi said.   “HELIX was designed to service this ‘missing middle’ market.” Reggi said the Heathwood development at 59 Hub Crescent, about 30km south of the Brsibane CBD, would capitalise on strong market conditions, which he said remained “very positive” off the back of strong business confidence in south-east Queensland.   “We have always done our projects speculatively over the past few years, we are very confident in the market and in the product we deliver,” Reggi said.  ▲ Carmdev is developing seven A-grade industrial units at Heathwood. HELIX incorporates premium finishes that Vincent Reggi said was a residential fitout for an industrial development.  He said it incorporated “premium finishes while maintaining the practicality and functionality” of industrial space.  “We want to create a space for users that is practical from a design point of view and also a beautiful space to work from,” Reggi said. “One of the major advantages and unique elements of HELIX is that we didn’t just cram as many warehouses in as possible, instead we deliberately underutilised the site to benefit occupants. “This included an extra-wide hardstand with the ability for trucks to be entering and exiting at the same time, along with a dedicated container-drop zone and over allowance of car parking.” The strata warehousing is aimed at occupiers including distribution, e-commerce operations, trade services and creative studios.  Carmdev is also developing a 3000sq m free-standing warehouse on the same street as HELIX, which Reggi said had already received a strong level of enquiry due to the scarcity of this size of product.  In the next 12 months Carmdev will deliver about 10,000sq m of industrial warehousing with an end value of close to $40 million.
