PBPL’s Port Bris precinct welcomes another investor to its premises.
Altis Property Partners, an Australian based private equity real estate investment group has expanded its portfolio after a $31 million acquisition and development of 8.2 hectare site at Port Bris.
“We see this investment as a strategic opportunity to take advantage on the positive growth trends at the Port of Brisbane which is a key contributor to the Queensland and national economy,” says Altis Property Director Alastair Wright.
The site, previously leased by Tzaneros Investments (QLD) Pty Ltd, will involve the construction of a warehouse building, a container park, office space with an attached cafe, heavy duty hardstand and a truck wash bay for Australian Container Freight Services Port Logistics (ACFS), who will be leasing the site.
“We are excited to partner with ACFS and see this investment as an opportunity to support their continued growth across the warehousing, transport and freight sectors,” Mr Wright added further.
ACFS has recently announced a joint venture with Patrick Port Logistics bringing together the respective metropolitan port logistics operations of both businesses. The synergy will improve ACFS’ footprint in all major container ports around Australia, enabling the company to offer integrated end-to-end supply chain solutions to their clients.
Altis Property invests in all major asset classes including office, industrial, retail and residential across major cities in Australia and previous investments include industrial assets at Port Botany and business park properties at Port Melbourne commercial and industrial precinct.
Port Bris (otherwise referred to as Fisherman Islands) is located at the mouth of the Brisbane River and is the primary location for port operations. The precinct consists of core port facilities such as cargo wharves, cargo-handling infrastructure, motor vehicle storage and processing services, warehousing and storage areas, container parks, logistical centres and intermodal transport terminals (such as the Brisbane Multimodal Terminal or BMT). For more information on land for lease at the Port, please visit www.portbrisproperty.com.au