Charter Hall Group has announced the acquisition of a prime industrial development site in Darra, Brisbane, through its $13 billion Charter Hall Prime Industrial Fund (CPIF). The site, located on Harcourt Road, was purchased for $80.55 million and is set to be transformed into a $350 million logistics estate upon completion.
Spanning 17.5 hectares, the site is positioned within a key logistics hub, approximately 12 kilometers southwest of Brisbane’s central business district. It benefits from direct access to major transport routes, including the Ipswich and Centenary Motorways.
The planned development will feature approximately 100,000 square meters of gross lettable area (GLA), designed with flexible configurations to meet various tenant needs. This acquisition builds on Charter Hall’s expertise in the region, following its previous success with the adjacent $250 million ConnectWest Industrial Estate, which attracted major tenants such as Australia Post, Goodman Fielder, and Cascade.
With bulk earthworks already completed, CPIF will make the site available immediately, responding to high demand for ready-to-develop logistics spaces. The location is expected to appeal to third-party logistics providers, direct-to-customer businesses, and advanced manufacturing operations.
“This strategic acquisition strengthens our capacity to serve the full spectrum of Brisbane’s industrial and logistics market,” said David Harrison, Managing Director & CEO of Charter Hall. “It reinforces our commitment to developing well-located, sustainable logistics assets that meet the needs of businesses seeking high-quality facilities.”
Jack Walters, CPIF Fund Manager, added, “This investment aligns with our strategy to develop premium logistics properties on serviced and zoned land, ensuring we continue to provide modern, investment-grade accommodation for our tenants.”
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