Charter Hall Group (Charter Hall or the Group) is pleased to announce that its $13 billion Charter Hall Prime Industrial Fund (CPIF or the Fund) has acquired a prime Industrial development site at Harcourt Road Darra, for $80.55 million, which will be developed into a $350 million estate upon completion.
The 17.5-hectre site is located within the prime infill logistics precinct of Darra, 12 kilometres southwest of the Brisbane CBD and at the junction of the Ipswich and Centenary Motorways. The vacant site will be developed into a state-of-the-art logistics estate of approximately 100,000sqm of GLA, with the opportunity for flexible configurations to cater for tenant demand.
The acquisition builds on Charter Hall’s deep knowledge of the area, having previously developed the adjacent $250 million ConnectWest Industrial Estate which attracted major customers such as Australia Post, Goodman Fielder and Cascade.
With bulk earthworks completed, CPIF will immediately make the site available to tenants and capitalise on the strong demand for ‘shovel ready’ sites.
As one of the last remaining large-scale development sites in the inner south-west, it is highly attractive to third-party logistics occupiers, direct-to-customer businesses, and high-end manufacturers.
You can now read the full whitepaper at the link below
