Mapletree Logistics to snap up Australian DC
Mapletree Logistics Trust wants to acquire Coles distribution centre (DC) in Brisbane, Queensland (Australia), for a property purchase consideration of AUD 105 million (USD 102.2 million) from an unrelated third party.
The Coles DC has a gross floor area of 55'739 sqm sited on freehold land of approximately 151'600 sqm. The latter includes expansion land which may potentially yield an additional gross floor area of up to 19'000 sqm. The property is purpose-built with good logistics warehouse specifications, including cross dock features, a floor-to-ceiling height of up to 11 m, 91 loading docks and drive-around access which facilitates high flow logistics operations.
The DC is fully let to Coles Supermarkets, Australia’s second largest supermarket chain, until January 2023. (mw)