Tag: industrial property

JD.com Set to Buy $240m Wacol Logistics Hub in Brisbane’s West

Photo Credit: descubriendo.china/Instagram

Chinese retail giant JD.com is set to spend $240 million on a logistics hub in Wacol, marking one of Brisbane’s biggest industrial property deals.

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JD.com Makes $240 Million Move Into Wacol Logistics Hub

Chinese online retailer JD.com is set to acquire a huge Wacol logistics site for over $240 million, putting the Brisbane suburb at the forefront of a high-value industrial property transaction.

Photo Credit: danicuki/Flickr

The acquisition marks JD.com’s increasing focus on moving into the Australian market, with Wacol providing a strategic location for distribution and logistics.

Deal to Close by Late April

JD.com is nearing a $240 million purchase of the Wacol Logistics Hub from ESR, with the sale expected by April 2025. While unconfirmed, industry sources say it’s nearly complete, marking one of Queensland’s biggest logistics deals and a sign of growing e-commerce investment in local infrastructure.

Community and Industrial Impact

The Wacol acquisition could boost the local economy through job creation and investment if JD.com uses it as a warehouse or fulfilment centre. Known for managing its own logistics, the company may bring significant operations to the site.

Nearby suburbs like Darra and Richlands could see traffic changes, with community response hinging on site management and infrastructure support.

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Why Wacol Matters

Wacol’s location near major highways makes it a prime logistics hub with strong access to Brisbane and southeast Queensland. Its industrial zoning has attracted major players, and JD.com’s deal signals confidence in Australia’s supply chain while spotlighting Brisbane’s west as a rising e-commerce hub.

Published 3-April-2025

Charter Hall Plans $350m Logistics Estate in Darra After Key Acquisition

Photo Credit: Google Maps

Charter Hall Group’s $13 billion Charter Hall Prime Industrial Fund (CPIF) has purchased a 17.5-hectare industrial site on Harcourt Road, Darra, for $80.55 million. The acquisition will pave the way for a $350 million logistics precinct, reinforcing the company’s investment in Brisbane’s southwest.

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The newly acquired site is adjacent to Charter Hall’s existing $250 million ConnectWest Industrial Estate, which houses major tenants such as Australia Post, Goodman Fielder, and Cascade. With bulk earthworks already completed, CPIF is preparing to lease the site to tenants looking for large-scale logistics and industrial space.

Charter Hall Darra
Photo Credit: Vaughan Constructions

Strategic Location and Development Plans

The Darra site sits at a key transport junction, connecting the Ipswich and Centenary Motorways, making it an attractive option for third-party logistics providers, manufacturers, and direct-to-customer businesses. Charter Hall plans to develop approximately 100,000 square metres of gross lettable area (GLA) within the estate, offering flexible configurations to meet tenant demand.

Charter Hall Managing Director and CEO David Harrison highlighted the significance of the project, stating that the acquisition enhances the company’s capacity to cater to businesses requiring lettable areas ranging from 10,000 to 100,000 square metres.

Brisbane’s Industrial Market Outlook

The demand for high-quality industrial space in Brisbane remains strong. According to JLL’s Brisbane Industrial Market Report for Q3 2024, 227,500 square metres of new industrial developments were completed in the region—more than double the 10-year quarterly average. Prime net face rents in Brisbane’s southern precinct are forecast to rise to $152 per square metre annually, with steady growth projected through 2028.

Despite broader economic uncertainties, Brisbane’s industrial sector continues to attract investment, with Charter Hall divesting smaller assets worth $500 million over the past 18 months to focus on larger-scale developments like the Darra logistics estate.

Charter Hall acquires $80.55m industrial site.
Photo Credit: Pexels

Next Steps for the Project

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With the site now in Charter Hall’s portfolio and ready for leasing, the company is set to commence development immediately. The project will provide modern, high-quality logistics infrastructure catering to evolving business needs, strengthening the role of Darra as a key industrial hub in Brisbane’s southwest.

Published 14-Feb-2025