This article is from the Australian Property Journal archive
A NEW facility for a major global logistics company has been completed by Charter Hall’s Charter Hall Prime Hall Industrial Fund at the TradeCoast Industrial Park in Pinkenba, Brisbane.
The new facility was purpose built for the company, with 11,281sqm, an expansive 32 metre super awning and is comprised of a mix of sunken and on grade docks, with B-Double access to Curtin Avenue.
The facility also boasts corporate grade offices and has achieved a 4-star Green Star rating with ESD initiatives that will reduce operational costs including rainwater harvesting, LED lighting and a 100kw solar array.
“We’re pleased to welcome this major global logistics company into our Queensland portfolio, growing our partnership with one of the world’s leading logistics operators who now occupy five Charter Hall properties nationally,” said Elena Seymour, Queensland regional portfolio manager at Charter Hall.
The TradeCoast Industrial Park in Brisbane has a circa value of $115 million and incorporates over 50,500sqm of GLA on the 11.5-hectare site.
With close proximity to Brisbane Airport, the Port of Brisbane and the Brisbane CBD and access to the main Brisbane arterial motorways, the park has welcomed leases with Amazon and Australia Post on top of the existing Caroma, AP Eagers and Sandvik tenancies.
“Underpinning the success of TradeCoast Industrial Park was Charter Hall’s ability to deliver new, energy efficient warehousing solutions,” said Seymour.
Charter Hall has a growing $1.8 billion portfolio in Brisbane, across 36 assets and 24.5 hectares of land in the Trade Coast, the Logan Motorway Corridor and Darra. This portfolio will enable Charter Hall to develop further 129,000sqm of facilities, at a value of $225 million upon completion.
TradeCoast Industrial Park is now fully leased.
