The City of Logan continues to strengthen its position as an industrial powerhouse in south-east Queensland, attracting more than $1.7 billion of national and international investment during the last 18 months.
Despite challenging global economic conditions, Logan’s industrial sectors have continued to push forward—building approvals have far exceeded the previous financial year, with more than double gross floor area approved in 2019-20.
Businesses in the transport and logistics, manufacturing and construction industries are key drivers in the local economy, generating $8.3 billion in revenue annually and creating almost one in three local jobs.
Located between the Queensland cities of Brisbane and the Gold Coast, Logan is fast becoming the region’s leading transport and logistics hub, with unrivalled access to major arterials and in close proximity to three international airports and the Port of Brisbane.
Recent infrastructure upgrades, including Transurban’s $512 million Logan Enhancement Project, have improved freight productivity and spurred commercial activity along Logan’s major industrial corridor.
Logan will soon be home to one of the largest industrial estates in Queensland—and the largest in the city’s history—with the Crestmead Logistics Estate breaking ground in August this year.
The $1.5 billion estate, to be developed during the next five years by Pointcorp, will deliver 650,000sq m of warehousing, business, logistics and manufacturing space.
With the unprecedented demand for industrial space driven by consumers, the Crestmead Logistics Estate will enter the market at a pivotal time in the history of Logan and the wider region.
Matthew Frazer-Ryan, national director, industrial at Colliers International, said Logan was an exceptional location for this landmark development.
“The estate is just 6.4km from the Logan Motorway and Gateway Motorway interchange within the hugely successful Berrinba-Crestmead industrial region.
“This location benefits significantly from the recently-upgraded Wembley Road Interchange, providing occupiers with efficient access to a network of roads servicing greater Brisbane, south-east Queensland and key interstate transport routes,” Frazer-Ryan said.
Singapore’s Mapletree Logistics Trust will develop stage one of the estate into a $440 million world-class logistics park spanning 200,000sq m.
Mapletree boasts an impressive tenant network of well-known multinational brands and has a multi-billion-dollar global asset base across real estate in Australia, Singapore, Hong Kong, Japan, China, South Korea, Malaysia and Vietnam.