New commercial project planned for Upper Coomera
Natgen expands in Upper Coomera with a $17.9 million commercial office and warehouse project near the M1 corridor.
What’s happening?
Queensland property fund manager Natgen is expanding its South East Queensland portfolio.
The company has invested in a new commercial office and warehouse facility at Upper Coomera.
The development will be located at 13-17 Northward St.
It sits directly across from Natgen’s first development on the Gold Coast.
The site is within an established light industrial precinct in the northern Gold Coast corridor.
The facility will include strata-titled units, on-site parking, individual amenities and landscaped common areas.
The transaction was brokered by Dave Kertesz and Josh Wright from Crew Commercial.
Why it matters?
The project strengthens Natgen’s position in one of Queensland’s fastest-growing urban corridors.
Upper Coomera sits between Brisbane and the Gold Coast, with direct access to the M1 Motorway.
That location gives the site strong transport links for businesses, trades and service operators.
Gold Coast City Council has also acquired neighbouring land for a future additional motorway crossover.
That future access could improve the site’s long-term appeal.
Natgen Managing Director Steven Goakes said the company’s latest move builds on years of development work.
“Natgen has successfully completed five development trusts since 2019, with a further three in the delivery phase, built on a disciplined development platform underpinned by a consistent approach to execution, risk management and capital deployment,” Mr Goakes said.
“This latest acquisition represents a larger and more evolved project informed by experience gained over years of successful delivery, and we are delighted to be returning near the site of our first such project on the Gold Coast.”
Local Impact
The project adds more flexible commercial space to the Upper Coomera area.
Natgen said this style of office and warehouse development is being supported by changing household and lifestyle trends.
Smaller residential lots, higher-density living and home-based businesses are driving demand for flexible commercial space.
Trade-oriented businesses also need practical premises close to growing residential areas.
Mr Goakes said Natgen continues to favour South East Queensland growth locations.
“We continue to favour high-growth SEQ locations such as Upper Coomera due to their strong demographic profile and sustained population growth. The Brisbane-Gold Coast corridor remains the primary expansion pathway for two of Australia’s largest cities, supporting ongoing demand for commercial accommodation that services a growing residential and business base,” he said.
By the numbers
Natgen completed settlement on the $7.4 million land acquisition on April 8, with investors contributing $8.5 million towards the project’s $17.9 million estimated development cost.
The 5,835-square-metre site at 13-17 Northward St will support 27 strata-titled units, each ranging from about 120 to 300 square metres.
South East Queensland’s growth underpins the investment, with the region’s population expected to reach 5.94 million by 2046 and the Coomera-Pimpama corridor forecast to grow from 93,800 people in 2021 to 185,000 by 2041.
Zoom In
The Upper Coomera project is being developed within Natgen Development Trust UC26.
The trust’s targeted return is net of fees and expenses.
The development has been designed to a high specification.
It will offer strong frontage and access within the light industrial precinct.
The site is close to the M1 Motorway, giving businesses links to Brisbane and the Gold Coast.
Recent local infrastructure works include the expansion of the town centre precinct.
They also include the first stage opening of the Coomera Connector road corridor.
Upper Coomera’s industrial and retail precincts are also expanding.
Zoom Out
The acquisition adds to Natgen’s growing national portfolio.
Natgen is a Queensland-based property funds management group with offices in Brisbane and the Gold Coast.
The group provides direct property investment opportunities for Australian investors.
Its focus includes community-enhancing developments, commercial property investments and strong investment fundamentals.
The latest Upper Coomera project also reflects the wider growth of South East Queensland.
That growth is placing more demand on commercial spaces near major residential and transport corridors.
What To Look For Next?
The future motorway crossover planned by Gold Coast City Council could further improve access around the site.
Natgen also has three development trusts in the delivery phase.
For Upper Coomera, population growth and infrastructure spending are expected to keep shaping commercial demand.