In a significant off-market transaction, Shaw Harrison of Savills Australia and New Zealand has successfully brokered the sale of two adjacent aircraft hangars at Brisbane Airport, representing the buyer, Alliance Airlines, in the $20,900,000 leasehold acquisition.
Shaw was appointed by Alliance Airlines to ensure they secured the hangars and joined Cushman & Wakefields’ Myles Frederickson and Jonathan Scott who represented the Seller in the off-market transaction.
The hangars, located at 65 & 75 Pandanus Avenue, span a total of 10,190sqm of warehouse and office space across a combined site of 24,200sqm, further bolstering Alliance Airlines’ property holdings at the airport.
“This was a strategic acquisition of neighbouring hangars that Alliance couldn’t afford to let slip through their fingers,” Mr Harrison explained.
“Whilst we knew there would be interest from other groups, we provided sufficient background metrics for the buyer to devise the right strategy for a successful outcome.”
The hangars will be crucial to supporting Alliance Airlines’ growing fleet, providing space for aircraft storage and maintenance.
Alliance Airlines Chairman, Steve Padgett, remarked on the company’s infrastructure achievements during the recent AGM, “I would also like to take this opportunity to comment on the two major projects that have been completed over the last 12 months. Those being the construction of the large base maintenance facilities at Rockhampton, and secondly, by securing the hangar complex on Brisbane Airport adjacent to our existing facilities.”