In a move that bolsters confidence in commercial real estate prospects in Brisbane, Mapletree Logistics Trust Management, a Singapore-based, Asia-focused, real estate investment trust (REIT), has acquired a $21.3-million warehouse in Inala.
The newly built, freehold facility is located at 115 Rudd Street. It is Mapletree’s second logistics location in Brisbane and its 11th facility in Australia.
The 9,050-sqm Inala facility sits on freehold land of approximately 18,800 square metres.
Like other Mapletree locations, the warehouse, which was just completed in May 2020, features Grade A building materials and design, a column-less design, seven container-height roller doors, and over 100 metres of side loading dock facilities ideal for trailer truck usage to ensure optimum loading capacity and space utilisation.
The company has chosen Inala because of its strategic location, accessible to the CBD, both Brisbane Port and Brisbane Airport and its proximity to key roads such as Boundary Road, Ipswich Motorway, Centenary Highway, and Logan Motorway that enable easy access for logistics.
“With excellent connectivity to these major arterial routes, the property also provides access to the main population bases in Queensland,” a statement from the firm reads.
In a move that Mapletree says will provide a “stable and growing income stream” from a “strong, quality tenant,” the company also announced that the facility has now been fully leased for 10 years to Australian bath manufacturer Decina Bathroomware Pty Ltd.
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