Acrux pays $20.5m for Brisbane industrial site
Acrux Capital has snapped up a north Brisbane industrial site with plans to develop a purpose-built facility for Haneco Lighting and create 30 industrial units.
The 1.36ha block, 36 Frederick Street, Northgate, cost $20.5 million.
Existing buildings will be razed.
Timms Haulage is the occupier.
The vendors were Clarkson-Jones Investments (Qld) Pty Ltd, K Parsons Investments (Qld) Pty Ltd, Timms Investments (Qld) Pty Ltd and Jones Investments (Qld) Pty Ltd (continues below).
Northgate is about 11 kilometres north-east of Brisbane’s CBD.
Also this month, realestatesource.com.au is reporting JINGDONG Property, the infrastructure investment arm of Chinese e-commerce group JD.com, paid more than $70m for a North Maclean industrial site with capacity for an 85,000 sqm warehouse estate.
Subscribe to our newsletter at the bottom of this page.
