Charter Hall is paying $43 million for an industrial development site at Pinkenba, near Brisbane Airport.
The group is intending a 50,000 square metre logistics estate for the 8.47 hectare parcel, 57 Culya Street.
The vendor, United Petroleum, spent $13.75m in 2014 with plans for a $3.5m fuel terminal (story continues below).
Elsewhere in the suburb, the manager holds a business park at 679 Curtin Ave (also known as 200 Holt St), which includes Amazon, Australia Post, Caroma, DHL (pictured, top) and Eagers Automotive as tenants (story continues below).
Pinkenba forms part of the 1892ha Trade Coast Precinct, at the mouth of the Brisbane River near Port of Brisbane, which is earmarked as an industrial and commercial employment zone.
Last week we reported Charter Hall was paying Goodman a speculated $200m for the Port Connect Distribution Centre in the area (Lytton).
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