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Walter Taylor — A Wattlestone Company

South-West Growth corridor

Industrial property in Wacol, Brisbane — lease, sale & leaseback and build-to-suit

Direct answer

Wacol is the heavy-hitting big-box logistics heart of Brisbane's south-west, sitting on the Centenary/Ipswich motorway interchange around 17 km from the CBD. Home to the Metroplex Westgate estate, the Barracks at Metroplex, and the Wacol Logistics Hub — the first Australian industrial asset acquired by e-commerce giant JD.com's property arm — it carries occupiers including Bunnings, Mainfreight, Inghams and Coles. This is where institutional-scale distribution gets built.

Wacol — at a glance

Distance to CBD
~17 km south-west (road)
Strategic position
Centenary Highway / Ipswich Motorway interchange (Golden Triangle precinct)
Major estates
Metroplex Westgate; Barracks at Metroplex (ISPT/Aliro); Wacol Logistics Hub
Wacol Logistics Hub
~95,000 sqm GLA, six warehouses; first Australian industrial asset bought by JD.com's property arm (~$153m)
Notable occupiers
Bunnings, Mainfreight, Inghams, Coles, Bridgestone, Tasman Logistics, Volvo/Mack Trucks, Auscold
Lot sizes available
~3,000 sqm to ~25,000 sqm within Metroplex Westgate

Local context

Why Wacol is strategic

Wacol occupies a commanding logistics position on the interchange between the Centenary Highway and the Ipswich Motorway, roughly 17 km south-west of the Brisbane CBD, with the Logan Motorway a short distance further south. The Ipswich rail line passes through Wacol and Gailes stations, and the Acacia Ridge intermodal freight terminus — the northern end of Inland Rail and the rail link to the Port of Brisbane — lies a short run to the east. This places Wacol within what the market describes as Brisbane's Golden Triangle industrial precinct, and it is the corridor's natural home for the largest distribution facilities.

The defining characteristic of Wacol is scale. The Metroplex Westgate estate is a major masterplanned industrial park offering lots from around 3,000 sqm up to roughly 25,000 sqm, and within it the Barracks at Metroplex — a cluster of six prime-grade warehouses developed by ISPT with delivery partner Aliro — achieved 100 per cent pre-leasing ahead of completion, to tenants including Alloys, QCC Hospitality Supplies and Tasman Logistics Services, alongside occupiers such as Bunnings and Moco Foods. Separately, the Wacol Logistics Hub at 3746 Ipswich Road — six warehouses redeveloped toward around 95,000 sqm of gross lettable area — became the first industrial property in Australia acquired by the real estate arm of Chinese e-commerce giant JD.com, in a deal reported around $153 million.

Wacol's tenant base is heavily weighted to national-scale logistics, food and consumer-goods operators. Mainfreight established a circa 15,000 sqm third-party-logistics warehouse here in 2023 serving FMCG, lawn-care and DIY customers. The broader district and adjoining areas host Coles, Inghams, Bridgestone, Camerons Transport, Auscold cold storage, CTI Logistics and the Volvo/Mack Trucks group, among others. The suburb also accommodates a significant government and institutional footprint, reinforcing the area's role as a major south-west employment hub.

For a permanent-hold investor, Wacol is the corridor's purest expression of institutional-grade, single-tenant logistics real estate. The concentration of major fund managers and global operators — ISPT, Aliro, Logos and JD.com all active within a few kilometres — speaks to the strategic value the market places on this location, and to the durability of the tenants who occupy it. These are exactly the business-critical distribution assets Walter Taylor seeks: large, modern, well-located facilities underpinned by long leases to strong operators, acquired via sale-and-leaseback, build-to-suit or direct purchase and held for the long term.

Typical asset types here

Big-box logistics and distribution centres (tens of thousands of sqm); masterplanned estate lots from ~3,000 to ~25,000 sqm; cold-storage and food-distribution facilities; third-party-logistics (3PL) warehouses; and prime-grade build-to-suit single-tenant assets.

What drives demand

  • Motorway-interchange location — direct frontage to the Centenary/Ipswich interchange, the corridor's premier big-box logistics position.
  • Large contiguous land — Metroplex Westgate and similar estates offer lots up to ~25,000 sqm, enabling facilities that cannot be built in the inner suburbs.
  • Global capital and operators — JD.com, Logos, ISPT and Aliro commitments confirm Wacol as an institutional logistics destination.
  • Rail and port access — proximity to Wacol/Gailes stations and the Acacia Ridge intermodal terminus linking to the Port of Brisbane.
  • A deep logistics ecosystem of 3PL, cold-chain, transport and FMCG occupiers that attracts further supply-chain tenancy.

How we partner

Three ways we partner in Wacol

Sale & leaseback

Own your premises here? Release the capital and lease it straight back on a long-term basis.

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Build / develop-to-suit

Need a facility that doesn't exist yet? We fund, build and hold it — then lease it to you.

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Acquire-to-suit & lease

Outgrowing your space? We acquire the building that fits your requirement and lease it to you.

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Wacol — questions

Why is Wacol the prime location for big-box logistics in Brisbane?
Wacol sits directly on the interchange between the Centenary Highway and the Ipswich Motorway, around 17 km south-west of the CBD, within what the market calls Brisbane's Golden Triangle industrial precinct. Critically, it still offers large contiguous land — estates such as Metroplex Westgate provide lots up to around 25,000 sqm — which is what big-box distribution requires and what the built-out inner suburbs cannot supply. That blend of premier motorway access, rail proximity and developable scale is why national and global logistics operators concentrate here.
What are the major industrial estates in Wacol?
Three stand out. Metroplex Westgate is a large masterplanned estate offering lots from roughly 3,000 to 25,000 sqm. Within it, the Barracks at Metroplex — six prime-grade warehouses delivered by ISPT and Aliro — reached 100 per cent pre-leasing before completion. Separately, the Wacol Logistics Hub at 3746 Ipswich Road comprises six warehouses redeveloped toward around 95,000 sqm and became the first Australian industrial asset acquired by the property arm of e-commerce giant JD.com. Together they represent some of the largest modern logistics supply in Brisbane.
Which companies operate distribution facilities in Wacol?
Wacol's occupier base is dominated by national-scale logistics, food and consumer operators. Mainfreight runs a circa 15,000 sqm 3PL warehouse serving FMCG, lawn-care and DIY customers. Bunnings, Coles, Inghams, Bridgestone, Camerons Transport, Auscold cold storage, CTI Logistics and the Volvo/Mack Trucks group all have a presence in the area, while the Barracks at Metroplex is leased to Alloys, QCC Hospitality Supplies and Tasman Logistics Services. This concentration makes Wacol one of South-East Queensland's most important distribution nodes.
Why has so much institutional and offshore capital targeted Wacol?
Because the location combines hard-to-replicate logistics fundamentals with developable scale. The interchange position, the rail-freight access at nearby Acacia Ridge and the depth of the existing logistics cluster make Wacol assets genuinely strategic. That is why managers including ISPT, Aliro and Logos have developed major estates here, and why JD.com's property arm chose Wacol for its first Australian industrial acquisition. For long-term investors, this weight of institutional conviction is itself a strong indicator of the precinct's enduring value.
What kind of Wacol asset would suit Walter Taylor?
Wacol is squarely within our target market: large, modern, single-tenant logistics and distribution facilities leased to strong operators. We would look to acquire such an asset through sale-and-leaseback — allowing an operator to unlock capital while remaining in occupation — or to fund a purpose-built facility for a tenant needing big-box scale, or to purchase an established single-tenant asset outright. In every case we hold for the long term and manage actively, complementing rather than competing with the commercial agents who broker these transactions.

Nearby & up a level

↑ South-West Growth corridorDarraSumnerOxleySeventeen Mile Rocks

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