Fife in the black after Brisbane warehouse sale
Fife Capital has sold a Brisbane warehouse for $35 million.
The 55 Bellrick Street, Acacia Ridge investment curried favour with an owner occupier.
Fife paid $26.2m in May, 2021.
JLL’s Harry Homan and Sam Stewart were the agents.
55 Bellrick Street
On 2.47 hectares, 55 Bellrick Street contains a 10,736 square metre improvement (continues below).
“The property was secured by a owner occupier who had been actively searching for a suitable facility within Brisbane’s core central southern precinct,” Mr Homan said.
“Owner occupiers are prioritising functionality and strategic positioning despite the age of the facility,” he added.
“Acacia Ridge continues to cement its position as a critical node in south east Queensland’s supply chain infrastructure,” according to the executive.
The deal comes a week since we reported Fife pre-committed GPC Asia Pacific to a Forrestdale, Perth, industrial estate.
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