Client:	Parmalat Australia
Value:	$50 million
Services:	Development Advisory

Parmalat Australia is headquartered in South Brisbane, previously branded as Paul’s and Queensland United Foods (QUF). Besides having the head office functions in South Brisbane, Parmalat also has extensive milk and soft diary production facilities on three adjacent sites totalling approximately 5 hectares.  Established onsite progressively from 1928 the facilities are now surrounded by the CBD to the north and urban infill development of up to 20 storeys on the south and east.  The main 2 hectare production facility sites fronts north to the Brisbane River.

DMA have provided commercial advisory services to Acumen Partners in their role as manager of Parmalat’s property related needs.  The roles specifically related to assessing the amount that Parmalat should pay to purchase and augment alternative production facilities so their high-value land in South Brisbane could be freed-up for sale to developers.