Kingston Industrial Estate

Kingston, Logan City, Queensland
  • Client Watpac Property
  • Market Industrial
  • Division Property
  • Value N/A
  • Status Complete

The Kingston Industrial Estate is located in the heart of Logan City, south of Brisbane and a 25 minute drive to the Port of Brisbane, Brisbane Airport and the Brisbane CBD. The estate is central to a number of population centres, including the Sunshine Coast, Toowoomba, Ipswich, Gold Coast, and northern New South Wales. 

Coates Hire

In early 2010 Watpac Property announced it had secured a deal with Coates Hire for a 47,000sqm site at the Kingston Industrial estate. The 15-year lease is believed to be the largest industrial land lease deal completed in the past two years in south-east Queensland.

In July 2012 Watpac Property announce Coates Hire would expand their existing facilities at the Kingston Industrial Park by taking a further 10,600m2 portion of the estate under a new, 20-year lease agreement.

The deal will return $1.62 million net annually in rental returns, and was subsequently on sold to Charter Hall for $20.5 million, representing a yield of 7.92%.

Kingston Industrial Estate

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