Goodman sells Brisbane warehouse
Goodman has sold a relatively small investment in the Brisbane TradeCoast precinct.
The ASX listed developer and investor is banking $34 million for the distribution centre at 67-77 Trade Street, Lytton, held since 2006.
Tenanted to Queensland Blow Moulders for nearly seven more years, the result reflects a 4.79 per cent yield.
Colliers’ James Wilkie, Angus Yule and Trent Gallagher were the agents.
The buyer is a local family.
Brisbane no longer secondary: agents
An 8568 square metre office/warehouse occupies a low 39.7 per cent of the 2.16 hectare Industry C zoned Lytton block, near Brisbane Airport and Port of Brisbane.
“We saw strong results across Brisbane’s industrial market throughout 2025 and that momentum has carried decisively into 2026 as demonstrated by this deal,” Mr Wilkie said (continues below).
“With limited new supply and outgoing tenant demand, well located, high quality assets, particularly within the TradeCoast, are being secured quickly,” according to the executive.
“Brisbane is no longer a secondary option to Sydney and Melbourne, it is firmly on the radar of institutional investors and increasingly a preferred destination for capital,” Mr Gallagher added.
“The Olympics are acting as a catalyst, accelerating investment in transport, logistics and broader economic capacity with businesses moving early to get strategic positions ahead of forecast growth,” he said.
The deal comes a year since Goodman bought the 58ha Gibson Island from Dyno Nobel, until recently known as Incitec Pivot.
Eighteen months ago Goodman sold the Banyo South Industrial Estate to Hale Capital Partners for $28m.
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