The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
IndustrialPhil BartschThu 09 Nov 23

Centuria Triples Down in Brisbane Logistics Play

Centuria Richlands DA hero

Centuria Capital has filed plans for a sprawling multi-warehouse complex within a big brand logistics and distribution hub in Brisbane’s south-west.

The proposal designed by Cottee Parker Architects is earmarked for a 3.1ha site at 616 Boundary Road, Richlands.

Occupied by a 13,763sq m warehouse, it was acquired off-market by the Sydney-based fund manager in 2018 for $15.9 million in a three-year leaseback deal with logistics group Border Express.

Under the redevelopment plans, the existing facility would be replaced with a trio of office-warehouse buildings with a total of 16,718sq m under roof.

“The proposal has been carefully considered in relation to the surrounding established development, comprising predominantly of industrial retailers and warehouses,” a planning assessment report said.

“As such, the proposed warehouses capitalise on the already strong industrial presence in the area, by providing the opportunity for three tenants to occupy and operate, maximising the industrial capacity of the site.

“The proposed development is considerate to the existing site conditions and surrounding environment and will revitalise an underutilised site to deliver valuable industrial opportunities consistent with the local and state planning framework.”

Surrounding occupiers within the prime Richlands East industrial precinct include Coca-Cola and Target.

Centuria’s three proposed warehouses would each rise slightly more than 14m and provide gross floor areas of 6713sq m, 6097sq m and 3908sq m respectively.

Renders of Centuria Capital's proposed proposed multi-warehouse complex at Richlands.
▲ Renders of Centuria Capital’s proposed proposed multi-warehouse complex at Richlands.

“The proposed warehouses are of a high-quality design and construction standard and will positively contribute to the high standard character of surrounding industrial development,” the planning documents said.

Additionally, the proposal facilitates “the generation of local employment opportunities” during construction and operational phases.

Onsite parking for up to 116 vehicles is included in the plans and access to the complex—which is close to the Ipswich Motorway and Richlands train station— would be provided from Boundary and Archerfield roads.

The proposal has been designed to accommodate the largest vehicles capable of servicing the site—26m B-double semi-trailers and 19m articulated vehicles.

Centuria recorded an operating profit after tax for the 2022-23 fiscal year of $115.6 million.

It has a total of $21 billion in assets under management across office, industrial and retail platforms and has been strategically expanding into the alternative sectors of real estate finance, healthcare and agriculture.

IndustrialBrisbaneAustraliaPlanningArchitecturePlanningSector
AUTHOR
Phil Bartsch
The Urban Developer - Writer
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
Warren and Mahoney’s Western Bulldogs Women’s Health and Leadership Hub proves that even modest budgets can yield consid…
LATEST
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
5 Min
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
3 Min
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/centuria-triples-down-in-brisbane-logistics-play