Chinese e-commerce giant buys another Brisbane site
JINGDONG Property, the infrastructure investment arm of Chinese e-commerce group JD.com, has bought NM ONE, a 17.4 hectare industrial development site at 4653–4691 Mount Lindesay Highway, North Maclean, for an estimated $71 million.
Within the Greater Flagstone Priority Development Area, south of Brisbane, the site was marketed as a serviced and level industrial holding.
The bulk of earthworks and civil works were undertaken ahead of its listing.
Maclean Estates was the seller.
Matthew Frazer-Ryan of CBRE and Michael Callow of CG Property Group were the agents.
North Maclean is about 33 kilometres from Brisbane’s CBD.
The site neighbours a block owned by Charter Hall set to make way for a four-level, 150,000 square metre distribution centre, to be occupied by Amazon, which is planning to spend c$750m on fit-out and robotics (continues below).
JD builds portfolio
The North Maclean property was marketed for its potential to yield c105,000 sqm of product.
JD.com is intending c85,000 sqm.
It will fit out tenancies configured to suit occupiers.
The deal comes 18 months since realestatesource.com.au reported JD.com paid ESR $240m for the Wacol Logistics Hub, also in Brisbane.
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