Goodman Secures $194M Gibson Island Site to Boost Logistics Expansion

About Goodman Group

Goodman Group (ASX: GMG) is a global industrial property and digital infrastructure specialist group with operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. Goodman owns, develops, and manages high-quality, sustainable logistics properties and data centres in major global cities that are critical to the digital economy.

Goodman Group has entered into a conditional agreement to acquire the 58-hectare Gibson Island site on the Brisbane River for $194 million. This acquisition, announced on May 13, 2025, marks a significant expansion of Goodman’s industrial real estate portfolio in Australia.

A Landmark Industrial Opportunity

Gibson Island, located in Murarrie approximately 10 kilometres from Brisbane’s central business district, is recognised as the largest industrial landholding with deepwater wharf access available on Australia’s eastern seaboard. The site boasts over 1,165 meters of river frontage and direct access to the Port of Brisbane, positioning it as a prime logistics and industrial hub.

Previously owned by Incitec Pivot Limited (IPL), the site was home to a fertiliser manufacturing plant that operated from 1969 until its closure in January 2023. Following the plant’s shutdown, IPL announced plans to divest the property as part of a strategic shift to focus on its explosives business under the Dyno Nobel brand.

Environmental and Redevelopment Considerations

Goodman’s redevelopment of Gibson Island will likely include sustainability and decarbonisation initiatives consistent with the company’s global strategy. Goodman has a strong track record of integrating green infrastructure and energy-efficient design into its industrial projects. Given the site’s former industrial use as a fertiliser manufacturing plant, environmental remediation will be an essential preliminary step before large-scale development can commence. Although the seller, Incitec Pivot, retains responsibility for remediation, Goodman’s due diligence process will assess the extent of potential soil contamination, air quality concerns, and long-term environmental risks. These factors could influence both the timeline and configuration of any future facilities.

Beyond physical remediation, community engagement and regulatory approvals will be key hurdles in redeveloping the site. Situated in the suburb of Murarrie, the area is home to both residential and commercial activity, which may require careful management of traffic flow, noise, and land use zoning. However, Brisbane City Council has long supported initiatives aimed at enhancing the city’s logistical infrastructure, particularly within the TradeCoast precinct. With the 2032 Olympic Games driving momentum for regional infrastructure upgrades, there is a broader government and commercial appetite for long-term industrial investment in Queensland. Goodman’s acquisition comes at a pivotal time when demand for modern warehousing and distribution centres is being fuelled by e-commerce, last-mile logistics, and onshore supply chain resilience.

Strategic Acquisition Amidst Industrial Growth

Goodman’s acquisition of Gibson Island aligns with its strategy to invest in high-quality industrial assets that support the growing demand for logistics and data infrastructure. The site’s strategic location within the Australia TradeCoast precinct a key industrial zone encompassing the Port of Brisbane and Brisbane Airport offers significant potential for redevelopment into a state-of-the-art logistics estate.

The purchase excludes costs associated with site remediation, which remain the responsibility of the seller. Goodman will now undertake due diligence to assess the site’s potential and plan for its redevelopment.

Outlook

The acquisition of Gibson Island positions Goodman Group to capitalise on the increasing demand for industrial and logistics facilities in Australia, particularly in the lead-up to the Brisbane 2032 Olympic Games. The site’s proximity to major transport infrastructure and its substantial size makes it an ideal candidate for redevelopment into a modern logistics hub. This move reflects Goodman’s ongoing commitment to expanding its footprint in strategic locations to meet the evolving needs of the digital economy.