Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Industrial Sale

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A small industrial unit with office space in Sunshine Coast’s Caloundra has sold for $225,000, a touch below vendor expectations of $235,000 plus GST.
The warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-qld-caloundra+west-501899562" target="_blank">2/159 Mark Road, Caloundra West, Qld 4551</a> is part of a complex of six in Caloundra West Industrial Estate. 
It has a floor area of nearly 100 sqm plus 40 sqm of mezzanine space. The unit has a front office, kitchenette, onsite parking and other amenities.
It is close to Caloundra Road and CBD.
The selling agents were Alan Gary and Len Greedy of Ray White Commercial.
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Warehouse in Sunshine Coast's Caloundra sells below expectations

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Sydney based rug importer Cadrys paid $2.5 million for an industrial facility at Noble Park in Melbourne's south-eastern suburbs in a deal brokered by Savills Australia.
The 130 Browns Road property, comprises a 2,561 square metre building, including 610 square metres of office space and a 1,951 square metre warehouse.
It was a 4,296 square metre site with 56 metres frontage to Browns Road, and 39 car spaces.
It last sold at $885,000 in 1981.
According to Savills Keith Kooloos, the property offered the tenant room to accommodate its stock and provided ample office space with room for a showroom and plenty of staff and customer parking.
He said the significant Browns Road frontage offered the tenant the option to utilize part of the office component as a showroom space with exposure to a busy interconnector between the Princes Highway and Monash Freeway.
“This was a very good fit for Cadrys in a location which provides both excellent exposure and quick access to major transport routes across Melbourne's busy south-eastern corridor,” Mr Kooloos said.
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jchancellor-FAypfDUnLy

Cadrys buys Melbourne industrial space through Savills

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An industrial property in Melbourne's inner-eastern suburb of Richmond has sold for $1.615 million at auction, more than $100,000 over the reserve price.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-richmond-501922542" target="_blank">5 Albert Street</a> property comprises a single-level brick warehouse on a 247 square metre site, zoned Commercial 2.
The property was sold subject to a lease expiring June 2017 at a current rental of $37,435 per annum net, implying a yield of 2.2 percent.
A Melbourne-based private investor bought the property, said a media release. 
It was marketed by Teska Carson’s Matthew Feld and Larry Takis.
 
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Warehouse in Melbourne's Richmond sells on 2.2% yield 

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Surface coatings service provider Wethpark Holdings has sold an industrial property in Sydney's Smithfield for $1.56 million. 
The 2,595 sqm corner site at 1 Hume Road is fully fenced with electric fences and comprises freestanding offices and amenities, as well as five ongrade roller shutter doors and six loading docks. 
CBRE’s John Micallef and Elijah Shakir negotiated the sale on behalf of Wethpark Holdings to a private buyer. 
It was previously used as a transport yard and the site's current setup is ideal for yard users, according to the agents.
It recently received development approval for a new warehouse/office construction.
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Surface coaters sell industrial site in Sydney's Smithfield 

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An industrial unit in Noosaville industrial estate on the Sunshine Coast has been sold for $290,000 to a local builder.
The vacant 196 sqm property at 2/21 Project Avenue was one of a small block of three tilt slab industrial units on a land area of 1,013 sqm.
The deal was brokered by Tracey Ryan of Ray White Commercial Noosa &amp; Sunshine Coast North. 
“The property was purchased by local builder who has found that with the improvement in the residential market, he now requires a bigger space to run his business from,” Ryan said.
“There is currently a limited supply of 200 sqm sheds in Noosaville."
 
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Industrial unit in Sunshine Coast's Noosaville sells for $290,000

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Industrial sites in Brisbane’s inner north are hot picks, as indicated by the results from two recent sales. 
The first site at 31-37 Bunya Street, Eagle Farm, (above) sold for $850,000 plus GST. At 1,618 sqm, the sale represents a land rate of $525 per sqm.
The site offers nearly 310 sqm of warehouse/storage space and features a demountable office and amenities block. The site was acquired by the owner of the adjacent block, who plans to utilise the General Industry B zoning for future development.
The second sale at 235 Robinson Road, Geebung sold for $1.4 million. A 3,408 sqm vacant corner site, it has the potential to accommodate a number of retail, wholesale and industrial businesses.
CBRE’s Dan Munnich and Nick Witheriff brokered the sale of the two sites.
Munnich said both sites sold well above the reserve, demonstrating the strong demand for industrial sites.
“Both auction campaigns attracted over 20 enquiries, with approximately eight registered bidders present on each auction day," added Witheriff.
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Two industrial sites in Brisbane sell above reserve at auction 

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A tenanted industrial site with future development upside at Noosaville on the Sunshine Coast has fetched $948,000 through Ray White.
The property on two titles at 5 Production Street was sold to a Brisbane-based investor for a yield of 11 percent.
The 4,096 square metre site has a 1,010 square metre tenanted building.
It is currently leased for a rental of nearly $105,850 per annum with a five-year lease expiring in 2019.
“There is the ability to approximately double the shed space subject to council approval. The site is on two titles and underutilised in terms of under-roof area,” said selling agent John Petralia of Ray White Commercial Noosa and Sunshine Coast North.
“It was a great result as the property was originally listed for sale via an offers to purchase campaign before it was decided to go to auction.”
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Tenanted Noosaville industrial site sold at auction for $948,000

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Real estate investment firm Fife Capital has bought a freestanding industrial property in Sydney's Ingleburn for $8.55 million in an off-market transaction through Savills.
The property at 6 Inglis Road comprises two warehouse /factories with ancillary office and amenities, concrete paved hard stand plus vacant land.
The site area is 35,600 sqm and the property has a gross leasable area (GLA) of 6,922 sqm plus additional awnings and 8,500 sqm of hard stand.
Savills Industrial senior executive Moshe Greengarten, who brokered the deal along with Ray Trimboli, said the property was sold on a yield of 7.4%.
Both buildings were fully leased and provided a rental income of nearly $635,020 per annum net, Greengarten added. 
Housam Yakzan of Savills Research said the industrial investment market is set to remain extremely strong.
“The volume of unsatisfied capital, especially from offshore, seeking investment opportunities in the office sector has resulted in investors seeking higher yielding alternative asset classes, this in turn has resulted in the industrial investment market remaining extremely strong.”
The property has direct access to both the M5 and M7 motorways and is on the Sydney, Canberra and Melbourne truck route.
Ingleburn is home to a range of large industrial users, including Toll, Linfox, DHL and CSR.
 
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Industrial investment property in Sydney's Ingleburn fetches $8.55 million

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A self-managed super fund (SMSF) has bought an industrial property in Victoria's Sunshine West for $2.72 million for a yield of 7.7%. 
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-sunshine+west-501221303" target="_blank">570-572 Somerville Road</a> property was sold subject to a new four-year lease to Schenck Process Pty Ltd, at a current rental of $215,000 per annum net.
Schenck Process is a multinational company that makes equipment for industrial weighing, feeding, measuring, conveying, filtration and automation.
The sale was brokered by Savills Australia industrial directors Chris Jones and Ben Hegerty with Brigitte Bennett.
The property comprises a 2,451 square metre facility, including a refurbished 379 square metre office and a 2,072 square metre, high clearance, warehouse with a loading canopy.
The 0.44 hectare site includes a frontage to Somerville Road.
Jones said the securely let property with its new four-year lease, strong annual review mechanism and modern versatile improvements was an ideal SMSF opportunity.
"This property provided the sort of security and peace of mind that goes with a well-tenanted, well-located and relatively maintenance free property, a package likely to deliver sound growth prospects and that’s just what you want to put into your super fund,’’ Jones said.
The vendor was a Melbourne-based private investor.
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Super fund buys industrial property in Victoria's Sunshine West

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Charter Hall’s Core Plus Industrial Fund (CPIF) has bought an industrial land holding near the Port of Brisbane in an off-market deal for $6 million, adding to its existing holdings on Lytton Road at Hemmant.
The 1517 Lytton Road, Hemmant property is spread over 17,766 square metres and is a General Industry zoned site within the Trade Coast precinct.   
The site had historically been used as part of the overall Inghams chicken facility and most recently as a transport yard.
Selling agent Shaw Harrison of Savills leased out the vacant yards and split the site into smaller tenancies, occupied by hardstand and transport depot tenants. The total current income of $520,000 represents a yield of 8.66% which includes a rental guarantee for the vacant yard.
Harrison said the acquisition of 1517 Lytton Road “adds the final piece of the puzzle” following Charter Hall’s previous acquisitions of neighbouring properties, 1510 Lytton Road in 2014 and 80 Canberra Street in 2012. The latest brings its total holding to more than 12 hectares of future developable land backed by a weighted average lease expiry of around 14 years with some medium-term development upside.
“The acquisition is right on strategy in terms of investing in highly land constrained markets within very close proximity to key infrastructure in the Port of Brisbane and Gateway Motorway. It enables us to work closely with, and provide flexibility, in terms of expansion or reconfiguration requirements, for one of our key customers, Inghams,” Charter Hall’s head of industrial Paul Ford said.
CPIF focuses on sourcing properties in the industrial and logistics sectors of major Australian capital cities. The fund was launched in April 2007, raising $350 million in equity commitments, says its website.
Harrison said the fully fenced property with workshops and separate yards provide attractive holding income while the new owner assesses future options.
 “The Trade Coast provides convenient road access direct from the Port to both the north and south of Brisbane via the Gateway Bridge and Motorways and, as such, is a strategic logistics location and busy route for trucks and heavy vehicles. This site will be the next big thing in the Trade Coast precinct,” said Harrison.
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Industrial Sale

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