The landmark site of the former News Corp printing plant in Brisbane’s east is slated for redevelopment as a multi-storey cold storage facility.

Fife Capital is behind the plans for the large-scale refrigerated warehouse complex that would provide more than 60,000sq m of gross floor area.

A shortage of cold storage facilities across Australia’s eastern seaboard has led to real estate investment trusts, private equity firms and institutional players increasingly targeting the specialised industrial asset class.