Geebung’s industrial precinct has caught the attention of national logistics investor Gateway Capital, which has secured a $72.5 million property in Brisbane’s north as part of its expansion into Queensland.
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The acquisition, located at 405 Newman Road, marks Gateway Capital’s first investment in the state and forms part of its Industrial & Logistics Partnership, backed by an Asian sovereign wealth investor. The partnership’s assets now total around $259 million, with a longer-term target of $800 million in core industrial and logistics holdings across Australia.
The newly acquired Geebung estate spans 22,248 square metres of net lettable area on a 3.5-hectare site and was completed within the last two years. It comprises 12 units, and 91 per cent of the space is already leased to nine tenants.
The facility features full-height concrete panels, internal clearances of approximately 12.2 metres and loading awnings of about 12.5 metres — design attributes suited to modern logistics and warehouse operations.
Average tenancy size is around 2,400 square metres, offering a diversified tenant base. Industry commentary notes the asset supports current income and offers the potential for medium-term rental uplift.
The transaction was handled by Cushman & Wakefield’s Gary Hyland on behalf of vendor QIC, the funds house that sold the asset.
Gateway Capital’s co-founder and chief investment officer, Peter McDonald, said the Geebung acquisition aligns with the firm’s focus on well-located, prime-grade logistics properties. He noted that tight supply of high-quality industrial space in the region and strong occupier demand strengthened the long-term investment case.
Geebung, located about 12 kilometres north of Brisbane’s CBD, is recognised as one of the city’s tightly held industrial hubs. It lies close to Sandgate Road, Gympie Road and the Gateway Motorway, providing efficient access to Brisbane Airport, the Port of Brisbane and the wider metropolitan network.
The suburb has attracted national and international occupiers including Australia Post, Knauf, Linfox Transport and Boeing Australia, demonstrating its status as a logistics and manufacturing base.
Market commentary suggests the Gateway Capital acquisition reflects ongoing investor confidence in Brisbane’s north-side industrial market, where limited land supply and evolving logistics trends are intensifying demand for modern warehousing.
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For the local area, observers say the deal may signal growing investor interest in the Nundah–Geebung corridor, which continues to experience demand for well-connected industrial and commercial property. As Gateway Capital strengthens its Queensland presence, its Geebung purchase highlights the suburb’s emerging role in Brisbane’s logistics network and reinforces its appeal as a long-term industrial investment destination.
Published 20-October-2025