Centennial secures key inner Brisbane logistics facility.
- Centennial acquires 43 Clinker Street, Darra for $7.9M off market
- The property is located in a tightly held, “last mile” location with prime connectivity to Brisbane’s inner-ring suburbs
Centennial has announced its “off-market” acquisition of an industrial & logistics asset in Brisbane’s southwest corridor, located at 43 Clinker Street, Darra.
The 4,296sqm generic office and warehouse was acquired for $7.9M, with the sale brokered by Savills Australia’s QLD State Director, Callum Stenson, and provides Centennial with high-quality industrial accommodation to meet growing demand in a location with limited vacancy.
Situated 13 kilometres southwest of the Brisbane CBD, Darra is an established inner ring industrial and logistics precinct surrounded by a growing residential population. It is considered to be a strategic centre to the Brisbane metropolitan area, with a location that provides access to either the CBD, Ipswich or Logan areas in 20 minutes, and the Gold Coast or Sunshine Coast in one hour.
The property is modern, highly generic and features high clearance warehousing with excellent access and flexibility.
Centennial Executive Director and CEO – Industrial & Logistics, Paul Ford, confirmed the acquisition.
“Our purchase of 43 Clinker Street remains directly in line with our ‘mid-space’ strategy, which is now at scale and provides further geographical diversification, along with the ability to unlock additional value by accessing the embedded rental reversion,” he said.
“This facility also adds to Centennial’s strong national investment portfolio, with 57 industrial and logistics assets in Queensland, New South Wales, South Australia and Victoria.”
About Centennial Industrial & Logistics
Centennial Property Group (Centennial) is an independent Australian property investment manager established in 2011 with over $1.4bn in funds under management.
With a team of 30 based in Sydney, Melbourne, Brisbane and Adelaide, Centennial focuses on several niche sectors of the Australian property market.
Centennial has built a specialist industrial and logistics team focusing on the mid-market space, with a curated portfolio of 57 assets and in excess of $850M under management and a $250M development pipeline.
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