Mapletree fills chunk of ex-Coles distribution centre
Mapletree has filled the bulk of the ex-Coles Forest Lake Distribution Centre, which it bought for $102 million in 2018 with five years left to run on a lease.
Logistics giant Wallenius Wilhelmsen has committed to 30,086 square metres at 44 Stradbroke Street, Heathwood – one metropolitan Brisbane’s largest industrial lease deals this year.
There is some 25,000 sqm left to fill.
The complex contains 55,739 sqm including 48,852 sqm of Prime-grade warehousing.
The balance is offices and workshops.
The site spreads 15.1 hectares with 368 car parks and extensive hardstand.
Singapore listed Mapletree bought the asset on a six per cent yield.
CBRE’s Myles Clentsmith ad Matthew Frazer-Ryan with CG Property Group’s Mark Gilbride and Michal Callow are the leasing agents.
Also today we are reporting Frasers Property Industrial secured IHL to a 41,000 sqm Eastern Creek, Sydney, warehouse.
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