This article is from the Australian Property Journal archive
MACQUARIE Capital-backed Logos Property is rumoured to have paid between $60 million to $65 million for a warehouse and logistics complex at the Port of Brisbane.
Located at 1-5 Bishop Drive Fisherman’s Island, the complex comprises five warehouse office buildings and vacant land that can cater for up to 30,000 sqm of further new accommodation. Located at the Port of Brisbane on the comer of Bishop and Lucinda Drive, the IPS Logistics facilities provide warehouse transport and logistics solutions to occupiers.
The deal believed to be struck at between $60 million-$65 million, was introduced to Logos Property by Ray White director of industrial transactions Graham Norris, who was not available for comment.
IPS Logistics CEO Steve Brown said the Logos partnership brings together many synergies focusing on innovative logistics solutions underpinned by unique development opportunities.
“Where else in an Australian port can the customer have their container collected and transported to 70,000 sqm of warehousing for unpacking and storage 500 meters from the wharf, then redelivered to Sydney or North Queensland without stopping at a traffic light,” Brown said.
Australian Property Journal
