Logan City Council in Queensland has announced its approval of one of the biggest industrial developments in the city’s history. The new $500 million Mapletree Logistics Park – Crestmead will be built on 36 hectares of the new $1.5 billion Crestmead Logistics Estate launched by Council last year.
The industrial park of nine warehouses will deliver approximately 200,000 square metres of high-grade logistic warehousing and office space. The site is expected to include buildings ranging in size from 5000 square metres up to possibly 100,000 square metres – the equivalent of almost 20 football fields.
The development will be constructed by Mapletree Investments and is expected to create at least 2,500 jobs over four stages of construction.
City of Logan Mayor, Darren Power, said the project was a strong endorsement for investment in the city.
“This is the start of a development that will deliver thousands of jobs for locals,” Cr Power said.
“This project is a game-changer, not just for the City of Logan, but all of South East Queensland.”
“Despite the setbacks of last year, this project sends a clear message that Logan is again open for business and a new hub for jobs and investment.”
Mapletree Group’s Chief Executive Officer, Hiew Yoon Khong, said the organisation had a strong conviction on the growth prospects of Australia’s logistics real estate sector.
“Mapletree Logistics Park – Crestmead’s excellent connectivity to key transportation nodes will provide companies with a high-quality space in a strategic location,” Mr Hiew said.
The Mapletree development was approved under Council’s innovative RiskSmart approval process. It was subject to a comprehensive pre-application review prior to the application being formally lodged and approved by Council and the State Government.
The Crestmead Logistics Estate, on the corner of Green and Clarke Roads, was launched by Council in August last year. It will be rolled out over the next five years and will eventually deliver 650,000 square metres of warehousing, business, logistics and manufacturing space. The estate’s appeal includes its easy accessibility to the Logan and Gateway Motorways, two of the busiest transport arterials in South East Queensland.
Crestmead Logistics Estate adds to an existing 367,000 square metres of commercial activity recently completed or planned in the City of Logan over the coming year.