Trilogy Funds Management has acquired an industrial facility in Darra for its Trilogy Industrial Property Trust.
The QCL Estate is strategically located in Darra, an area well known as one of South East QLD’s most sought after Industrial precincts due to its enviable position that allows ease of access to both the Centenary Motorway, west via the Ipswich Motorway, and the Logan Motorway.
37 Gravel Pit Road, Darra comprises a total of 15,300 sqm including a highbay warehouse with crane rails and a commercial grade office over two levels.
The Darra precinct, just 17.6 kilometers south west from the Brisbane CBD, is also expected to benefit from the $80 million Sumners Road Interchange Upgrade, delivering further road network benefits.
The site contains a modern tilt panel freestanding building over 5,925sqm which is leased to ‘Stoddart Group’ until August 2026 and generates $773,760 per annum in net income. The property was acquired for $11.88m, providing Trilogy with a 6.5% passing yield.
The Trust will continue to build a diverse portfolio of industrial properties located in established regional and metropolitan precincts. Its’ aim is to provide investors with stable and regular income, and the opportunity for capital growth over the long-term. The Trust holds six other industrial property assets, four in Mackay and one in Carrara, Queensland and one in Gillman, South Australia.
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