Warwick print works site sells for more than $4m
BRISBANE-BASED investors Tony and Mary Rosa are stoked their bid of more than $4 million was enough to have them dubbed the new owners of the Warwick APN Print site.
The sale of the site was opened to tender but Mr Rosa's bid of $4,120,000 was accepted prior to the tender closing.
"I got the news that we had been successful at 3pm on Friday and then by 10am on Saturday we were in Warwick and I had bought the place," Mr Rosa said.
Mr Rosa said it was their love of the Southern Downs that led them to put in a tender for the Kenilworth site.
"We travel to Stanthorpe three to four times a year and I know Warwick really well," he said.
"I love the building the APN Print site is in and I am really looking forward to expanding it further and doing some landscaping work.
"I have big plans and am really excited."
The deal was brokered by Colliers and PRD Nationwide principal Robert Koremans.
Mr Koremans said it was great to see investors realising Warwick's potential.
"It is good to see outside investors coming to Warwick, people are starting to realise that Warwick is in a great geographical position," he said.
"For an industrial sale it was up there.
"I have been in the game before and I was really satisfied with this deal.
"It is a good solid investment."
The APN Print site prints magazines, catalogues, newsletters, promotional flyers and stationery.
And Mr Rosa said he was looking forward to being involved in the industry.
Mr Rosa has done his fair share dealing with big industry groups running a marble and tiling company for many years, which had thousands of employees.
"We sold terrazzo tiles to shopping centres around Queensland and the Northern Territory," Mr Rosa said.
"We also supplied marble and granite to many high rise buildings in Brisbane."
Mr Koremans, who at the moment is working with the sales in Axis Park, said he hoped to see a few more outside investors showing interest in Warwick.