Logan - A Hotspot for Global Investors
- Posted By Ayla Miels
The City of Logan is emerging as a global investment hotspot in southeast Queensland, stimulated by a strong economic track record, historic levels of infrastructure investment in the pipeline and business confidence on the rise.
Logan has continued to attract a number of multinational businesses and fast-growing start-ups looking to capitalise on the city’s growth potential and enviable location between Queensland’s capital, Brisbane and tourist destination the Gold Coast.
The launch of Wing, a drone delivery services in Logan is just one of the businesses that have privately invested $100 into the city over the past 12 months.
Logan is just one of four locations in the world that now has access to Wing’s air delivery service, which flies a range of convenience items by air in just minutes.
James Ryan Burgess, Wing’s CEO said was not only the demographic factor but the opportunities are driven by the growth that made Logan so attractive to invest in.
“Logan is one of the fastest-growing areas of Queensland, so that’s a great fit for us because drone delivery makes it much easier for people to get the things they need in rapidly expanding metropolises,” Burgess said.
Logan is located in the heart of southeast Queensland where around 70 per cent of the state live and is predicted to be the second fastest-growing city in this region.
In just over 20 years, Logan’s population is predicted to grow more than 50 per cent to around 548,000 residents. This has led to an unprecedented level of infrastructure investment, with more than $18 billion of publicly funded projects underway to support the growing residential population.
Earlier this year, a $1.2 billion agreement — the largest of its type by any government in Australia, was signed by local authorities and private developers to build essential infrastructure in Logan’s Priority Development Areas Yarrabilba and Greater Flagstone.
This follows the completion of Transurban Queensland’s $512 million Logan Enhancement Project in August, which increased freight productivity by reducing road travel times along some of the busiest transport routes in the region.
Major infrastructure projects in the pipeline have triggered a surge in commercial activity along the Logan Motorway corridor, with large national and multinational businesses including Metcash Hardware, DHL, Queensland Logistics Service, Huhtamaki and Pinnacle Hardware setting up operations in Logan’s industrial precincts.
GO1.com, the world’s largest on-boarding, compliance and professional development platform, recently relocated its headquarters from Brisbane to Logan to take advantage of this accessibility. Co-founder Vu Tran said running a global company from Logan was a strategic decision for GO1.com and their future plans.“Being in Logan has provided us with the opportunity and space we need to grow and also attract the talent that we need for our growing markets,” Tran said. “Having businesses like Ikea, John Deere, Avery Dennison all based in the area means they are potential partners for us to engage with.”
The arrival of businesses like GO1.com and Wing marked the beginning of an exciting chapter in Logan’s development.
For Wing, the city of Logan will be their largest investment in Australia to date and will play a role in shaping what the company will do in cities around the world. “We’re really going to be investing here in Logan, learning as much as we can from the community and overtime looking to apply that to other countries and cities that we may go to,” Burgess said.
Source: The urbandeveloper.com