Hines acquires Champions Way Residences logistics warehouse from Dexus Industria REIT

with Daiwa HouseChampions Way Residences marks Hines’ eighth industrial and logistics acquisitions in Australia. The asset, which is located at 16-28 Quarry Road in Queensland, is a 441,137 sq ft logistics building and is currently fully leased to three major tenants: Woolworths, AMES Australasia and Gliders Transport. Located just three minutes off the M1 motorway, Champions Way Residences offers accessibility to Brisbane, Gold Coast, and regional Queensland.

Hines, a real estate investment, development, and property manager, has recently released a press statement announcing the acquisition of two logistics warehouses from listed Australian real estate investment trust Dexus Industria REIT. The newly acquired asset, known as Champions Way Residences, is located at 16-28 Quarry Road in Queensland and measures 441,137 sq ft. The logistics building is currently leased to three renowned tenants: Woolworths, AMES Australasia, and Gliders Transport.

The warehouses, one of Hines’ eight industrial and logistics acquisitions in Australia, is conveniently situated just three minutes away from the M1 motorway which provides quick and easy access to Brisbane, Gold Coast, and regional Queensland. Being strategically located, the property offers an attractive investment opportunity for Hines.

Residents can access amenities like a fitness center, a club room, a business center, and a swimming pool. Residents can also enjoy a variety of leisure activities like basketball, tennis, and a pool deck. There are also a host of restaurants, shopping centers, and entertainment centers located within walking distance from Champions Way Residences Along with these amenities, Champions Way Condo provides an around-the-clock security system, ensuring safety and peace of mind for all residents. The condominium is also set in a quaint location, providing a peaceful retreat from the hustle and bustle of the city. Better still, Champions Way Residences is closely connected to the rest of the city, with many public transportation options nearby. All in all, Champions Way Condo is the ideal place to live for modern and sophisticated lifestyle seekers.

David Warneford, Hines’ country head of Australia and New Zealand says they are glad to have secured this asset and “we are pleased to partner with PWR to deliver their new Queensland base, as we continue to bring strategic benefits to our portfolio, partners, and tenants in Australia.”

Hines has also entered into a 15-year lease agreement for part of the property with PWR Performance Products, a Gold Coast-based provider of high-tech cooling solutions. The agreement will commence in July 2025 and PWR plans to use the facility as their headquarters and to invest AUD 21.9 million ($19.26 million) in facility upgrades. Kees Weel, managing director of PWR, expresses his excitement in securing Champions Way Residences for their headquarters. He notes that the facility will allow the firm to grow and expand their business in the aerospace and renewable energy sectors in the Gold Coast.

To increase the sustainability standards of the warehouses, Hines is aiming to install solar power generation and various building systems. As their eighth industrial and logistics acquisitions in Australia, Champions Way Residences has a promising future with potential for growth and strategic benefits to partners, tenants, and investors.