Linfox signs major industrial lease deal
Arrow Capital Partners has filled a last mile logistics investment in Brisbane’s south west Heathwood.
Linfox will move into 17,925 square metres at 82 Noosa Street, which the asset manager bought for $60.65m in 2021.
The length for the space known as Warehouse B is undisclosed other than being “long-term”.
The balance 20,040 sqm of the property, Warehouse A, was leased to Toll Group last August.
Toll has since 2015 been controlled by Japan Post.
Heathwood is about 20 kilometres from town.
Warehouses filled
The Noosa St investment is co-held with Cerberus Capital Management via the Strategic Industrial Real Estate, or SIRE, joint venture (continues below).
The manager acquired the asset from Singapore based Ascendas REIT with another directly behind, 62 Stradbroke St, which cost $40.95m.
It was previously occupied by Coles.
“This lease highlights the strength of our local asset management team which over the past 12 months has generated significant leasing alpha across the entire SIRE portfolio, completing 10 leases on 41,500 sqm of light industrial and logistics space,” Arrow partner, Kurt Wilkinson, said.
“In 2026, our team is looking to build on this momentum by acquiring further standing investment assets or sites with the potential to be developed either directly or in joint venture with capital partners seeking an attractive return profile,” he added.
It was represented for the lease by JLL and CG Property Group
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