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Charter Hall is pleased to announce that its flagship industrial & logistics fund, the Charter Hall Prime Industrial Fund (CPIF), has recently completed a new facility for a major global logistics company and signed new leases with Amazon and Australia Post at the TradeCoast Industrial Park in Pinkenba, Brisbane.
A new 11,281sqm facility was purpose built for the global logistics company and features direct B-Double access onto Curtin Avenue, an expansive 32 metre super awning, and comprises a balanced mix of sunken and on grade docks. The facility includes corporate grade offices and has achieved a 4-star Green Star rating with leading ESD initiatives that will reduce operational costs including rainwater harvesting, LED lighting and a 100kW solar array.
Charter Hall’s Queensland Regional Portfolio Manager, Elena Seymour said “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. With the completion of this facility on a very tight time frame and ahead of program, TradeCoast Industrial Park is now fully leased. We have also secured Amazon and Australia Post into other recently completed facilities, adding to the existing Caroma, AP Eagers and Sandvik tenancies.”
The TradeCoast Industrial Park incorporates over 50,500sqm of GLA on a site of circa 11.5 hectares that was consolidated through strategic and staged acquisitions of adjoining land parcels in this tightly held and land constrained location. TradeCoast Industrial Park offers unrivalled connection and proximity to the Brisbane Airport, the Port of Brisbane and the Brisbane CBD, with access to the main Brisbane arterial motorways only minutes away.
Ms Seymour commented “Underpinning the success of TradeCoast Industrial Park was Charter Hall’s ability to deliver new, energy efficient warehousing solutions for Amazon, Australia Post and Caroma, who are all repeat tenant customers across multiple states. Our strategy for CPIF is to curate a pure play industrial and logistics portfolio that focuses on partnering with resilient and high quality tenant customers.”
The TradeCoast Industrial Park has become one of the pre-eminent logistics estates in Brisbane with a value of circa $115 million. Brisbane remains a core industrial & logistics market for Charter Hall with a growing $1.8 billion portfolio across 36 assets and 24.5ha of development land in core logistics precincts of the Trade Coast, the Logan Motorway Corridor and Darra, providing the ability to develop to core a further 129,000sqm of facilities with an on completion value of $225 million.