Centennial and MaxCap Complete $85m Murarrie Logistics Park
Summary
Centennial and MaxCap have completed an $85 million redevelopment of the 3.87-hectare Gateway Industrial Park at 33 Queensport Road, Murarrie. The project used adaptive reuse and sustainability measures to reposition the site within Brisbane's southern TradeCoast industrial precinct.
The completed redevelopment adds upgraded logistics capacity to one of Brisbane's established industrial corridors without
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Why it matters
The project shows how capital is upgrading constrained industrial land to meet sustained logistics demand in Brisbane.
Armadale Development Site Sells to Kervale and Karta Group
Summary
A 1,280-square-metre development site at the intersection of Orrong Road and High Street, spanning Armadale and Prahran, has been sold to a joint venture between Kervale and Karta Group. The campaign attracted multiple offers from Victorian and interstate buyers, although the sale price was not disclosed.
The sale puts a prominent inner-Melbourne development parcel under the control of two local developers
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Why it matters
The transaction confirms that strategically located inner-suburban development sites remain competitive despite pressure on project feasibility.