Steelspan consolidates Newcastle operations into high-spec Boolaroo facility
Boolaroo NSW, February 2026 – Steelspan Storage Systems Newcastle has secured a 3,189sqm* industrial facility at 109 Munibung Road, Boolaroo, consolidating multiple Newcastle operations into a single, purpose-built site designed to support future growth.
Steelspan Storage Systems is a family-owned Australian business that provides modular storage and materials handling systems to industrial and commercial customers across Australia. The transaction reflects a clear trend emerging across the industrial market, where occupiers are increasingly prioritising capability over simple floor areas. Facilities that offer high clearance, efficient access, quality office space and functional warehouse design are being well received by the market, particularly within tightly held industrial suburbs, like Boolaroo.
As operational standards continue to rise across industrial sectors, the gap between generic warehouse space and infrastructure-led facilities is becoming increasingly evident. Commercial Collective Partner and Head of Sales & Leasing Byrne Tran said Steelspan’s decision to consolidate into one facility reflects how industrial businesses are evolving.
“They needed a site that could support warehousing, administration and customer-facing operations in one location, with easy access, sufficient clearance and internal functionality to handle current workflows while allowing for future growth.” Mr Tran added that the campaign attracted strong interest because the property offered infrastructure capability that is increasingly difficult to secure across the region. “In today’s market, businesses are undertaking stronger due diligence around operation configuration and efficiency,” he said. “When a building already meets those requirements and sits in an area with strong connectivity and exposure, it attracts strong enquiry.”
The sales and leasing expressions of interest campaign generated more than 80 enquiries, underscoring the depth of demand for well-located, modern industrial assets in this segment of the market. The lease-to-buy method includes a clear pathway for Steelspan Storage Systems to purchase the property within the next 12 months, reflecting a growing preference among some occupiers to secure operational premises immediately while finalising longer-term acquisition plans.
109 Munibung Road is positioned within Lake Macquarie’s trade and industrial precinct with direct exposure to Munibung Road and proximity to national retailers including Bunnings and Costco, reinforcing its suitability as a consolidated operational base.
