Stockland sells IOS asset after pre-commitment
Stockland has sold an Industrial Outdoor Storage investment in Brisbane’s south on a funds-through basis.
The 8.94 hectare asset, 108 Burman Road, Willawong, collected $44.72 million from Charter Hall.
It was offered following a pre-commitment to PrixCar Services until 2040.
Stockland will now develop the site with hardstand and hail net protection.
It paid $8.53m for the land in December, 2025.
PrixCar expands in Willawong
PrixCar presently occupies a 14.5ha property next door (marked, image, top right) – purpose built in 2015 by Commercial & Industrial Property and local developer, Chris Mathieson (continues below).
The lease there also expires in 2040.
Stockland’s Willawong Distribution Centre – worth over $200 million with multiple major warehouses – also abuts 108 Burman Rd.
CBRE’s Chris O’Brien and Matthew Frazer-Ryan were the agents.
The suburb is about 20 kilometres from the city.
The deal comes three weeks since we reported Stockland was proposing a $2 billion-plus data centre campus for half an industrial estate in Melbourne’s west.
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