Charter Hall buys seven Brisbane industrial sites for $300 million

For Charter Hall, the outlet describes the deal as adding to recent buying in South East Queensland. In September it bought three industrial and logistics assets for $192.4 million, leased to Australia Post, PrixCar and Symbion. The deal is expected to lift Charter Hall’s Queensland funds under management to about $15 billion, according to the outlet, and its national industrial and logistics platform is valued at $24.9 billion.

The numbers

All figures are as reported by The Urban Developer.

• Price: $300 million for seven assets.
• Area: about 90,600 sqm of industrial space.
• Tenants: Volvo, O’Brien Glass, CNW and Ausdeck.
• Weighted average lease expiry: 4.5 years.
• Rent growth: annual increases average 3.4 per cent.
• Morningside: valued at $80.7 million, subject to due diligence, with settlement expected around March 2027. Most other properties are due to settle in November 2026.

The outlet says Charter Hall has identified a gap between passing rents and assessed market rents, which it sees as potential for rental growth as leases renew. A yield was not disclosed in the article.

Garda’s position

Garda’s sales from nine investment properties, including the earlier Pinkenba and Heathwood deals, bring gross proceeds to $350.8 million, the outlet reports. Garda plans to repay its syndicated debt facility, which had $185.3 million drawn at the end of September, and expects about $176.6 million of surplus cash once the sales complete. Its total investable capital would be about $321 million including existing loan receivables.

The outlet also reports Garda raised its 2026-27 funds-from-operations guidance by 19 per cent to 12.5 cents per security, and distribution guidance by 39 per cent to 12.5 cents.

What’s next

Settlements are the next milestone. Most properties are scheduled to settle in November 2026, with Morningside following around March 2027 if due diligence is satisfied. Our earlier Brisbane industrial coverage includes Clarence Property selling two assets for $38.4m.

We have not independently checked sale records, so the figures and descriptions above are attributed to The Urban Developer. The Australian Developer will update the story if Charter Hall or Garda publish further detail.