Charter Hall’s industrial and logistics fund, the Charter Hall Prime Industrial Fund (CPIF), has just 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 brand new 11,281 square metre facility was purpose-built for the global logistics company and features direct BDouble 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 Environmentally Sustainable Design (ESD) initiatives that will reduce operational costs including rainwater harvesting, LED lighting and a 100-kilowatt solar array.
The TradeCoast Industrial Park incorporates over 50,500 square metres 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.
The TradeCoast Industrial Park has become one of the pre-eminent logistics estates in Brisbane with a value of circa $115 million.
Charter Hall outlines that Brisbane remains a core industrial and logistics market with a growing $1.8 billion portfolio across 36 assets and 24.5 hectares 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 129,000 square metres of facilities with an on completion value of $225 million.