Article by Phil Bartsch | 05 December 2014 | Courier Mail, Brisbane | Prime Site | p61
ZUPP Property Group, which in April paid $8.325 million to buy a site that looked like an abandoned James Bond movie set and became a commuter curiosity along the Pacific Motorway, plans to develop it as a technology precinct. The two-title 7.3ha property, at 270 Lahrs Rd and 29 Eggersdorf Rd, Ormeau, has stood dormant for 10 years. It offer 6000sq m of floor space and includes laboratory space that is approved by the Therapeutic Goods Administration.
Zupp Property Group chief executive Neil Ferguson said he wanted to see the buildings house pharmaceutical, technology and education-linked. businesses. And the group was “happy to pour in significant funds to make the facilities work for the tenants”. “We would dearly love to see an innovation precinct on the Gold Coast and the presence on the Ormeau property of a symbiotic group of enterprises,” Mr Ferguson said.
