{"id":2719,"date":"2023-04-03T10:18:00","date_gmt":"2023-04-03T10:18:00","guid":{"rendered":"urn:uuid:85bf987c-3723-4c1e-974f-66fc265528e2"},"modified":"2025-01-30T16:43:39","modified_gmt":"2025-01-30T16:43:39","slug":"mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/","title":{"rendered":"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>Leading global real estate development, investment, capital and property management company, committed to sustainability, Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) has set its sight to developing the second stage of its successful Mapletree Logistics Park in Crestmead. This will add a further 37,751 square metres (sqm) of quality logistics space in Brisbane along the prime Logan Motorway corridor. When stage two completes, the logistics park will have grown to over 100,000sqm, with another ~100,000sqm of space to come in stages three and four.<\/p>\n\n\n\n<p>The commitment to the second stage of development follows the success of stage one where over 63,000sqm of logistics space was completed and fully leased to five national tenants within 2 months of completion. &nbsp;<\/p>\n\n\n\n<p>Mapletree\u2019s Head of Logistics for Australia, Matthew Meredith said, \u201cThe Group\u2019s latest commitment bolsters its strategy to grow in Australia by creating a pipeline of prime logistics assets in core locations. The acquisition of the Crestmead site was based on our belief that the Logan Motorway Corridor would continue to be a focal point for logistics demand over the long term. The decision to develop over 63,000sqm of high-quality logistics space in stage one has been validated by the fantastic customers we attracted: Bunnings, Bevchain, Frucor, Phoenix Transport and Visy\u201d<\/p>\n\n\n\n<p>He added, \u201cMoving ahead with stage two allows us to deliver the highest quality flexible and functional logistics facilities designed to meet the needs of modern corporate occupiers.\u201d<\/p>\n\n\n\n<p>Colliers\u2019 National Director of Industrial, Nicholas Evans said that stage one drew significant interest from a range of national and local tenants, with Mapletree astutely identifying a trend for users taking on more space as a result of growing accommodation mandates.<\/p>\n\n\n\n<p>\u201cOf course, when you speculatively construct over 63,000sqm in the Brisbane market there is some apprehension, but we were always confident tenants would commit to a quality offering in this location and that was certainly the case with the deals we have secured,\u201d Mr Evans said.<\/p>\n\n\n\n<p>CG Property Group Director Michael Callow, who brokered the lease to Bunnings said, \u201cTake-up is till outstripping supply of speculative space particularly in the Logan Motorway Corridor so we expect the two new facilities to be well received as we grapple with continued low vacancy.\u201d<\/p>\n\n\n\n<p>Mapletree\u2019s commitment at Crestmead expands its logistics and investment portfolio to 16 assets throughout Australia.<\/p>\n\n\n\n<p>\u201cWe will continue to construct modern logistics parks as a core part of our Australia strategy,\u201d Mr Meredith added. \u201cIt is obvious when we are talking with our customers around Australia that there is strong demand for large opportunities close to major arterial roads and logistics infrastructure.\u201d<\/p>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[416,114],"newsroom-category":[113],"csr-category":[],"class_list":["post-2719","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-416","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam\" \/>\n<meta property=\"og:description\" content=\"Leading global real estate development, investment, capital and property management company, committed to sustainability, Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) has set its sight to developing the second stage of its successful Mapletree Logistics Park in Crestmead. This will add a further 37,751 square metres (sqm) of quality logistics space in Brisbane along [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/\" \/>\n<meta property=\"og:site_name\" content=\"MIPL Vietnam\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T16:43:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"979\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/\",\"name\":\"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam\",\"isPartOf\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"datePublished\":\"2023-04-03T10:18:00+00:00\",\"dateModified\":\"2025-01-30T16:43:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage\",\"url\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"contentUrl\":\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg\",\"width\":979,\"height\":183,\"caption\":\"Handle, Sink, Sink Faucet\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mapletree.com.sg\/vn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsroom\",\"item\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/#website\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/\",\"name\":\"MIPL Vietnam\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mapletree-stag.altis.cloud\/vn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/","og_locale":"en_US","og_type":"article","og_title":"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam","og_description":"Leading global real estate development, investment, capital and property management company, committed to sustainability, Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) has set its sight to developing the second stage of its successful Mapletree Logistics Park in Crestmead. This will add a further 37,751 square metres (sqm) of quality logistics space in Brisbane along [&hellip;]","og_url":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/","og_site_name":"MIPL Vietnam","article_modified_time":"2025-01-30T16:43:39+00:00","og_image":[{"width":979,"height":183,"url":"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/","url":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/","name":"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One - MIPL Vietnam","isPartOf":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage"},"image":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","datePublished":"2023-04-03T10:18:00+00:00","dateModified":"2025-01-30T16:43:39+00:00","breadcrumb":{"@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#primaryimage","url":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","contentUrl":"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/media_all.jpg","width":979,"height":183,"caption":"Handle, Sink, Sink Faucet"},{"@type":"BreadcrumbList","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-commits-to-stage-two-of-its-mapletree-logistics-park-development-in-crestmead-queensland-australia-on-the-back-of-successful-completion-of-stage-one\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mapletree.com.sg\/vn\/"},{"@type":"ListItem","position":2,"name":"Newsroom","item":"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/"},{"@type":"ListItem","position":3,"name":"Mapletree commits to Stage Two of its Mapletree Logistics Park development in Crestmead, Queensland, Australia on the back of successful completion of Stage One"}]},{"@type":"WebSite","@id":"https:\/\/mapletree-stag.altis.cloud\/vn\/#website","url":"https:\/\/mapletree-stag.altis.cloud\/vn\/","name":"MIPL Vietnam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mapletree-stag.altis.cloud\/vn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom\/2719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/types\/newsroom"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/media\/189"}],"wp:attachment":[{"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/media?parent=2719"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/tags?post=2719"},{"taxonomy":"newsroom-category","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/newsroom-category?post=2719"},{"taxonomy":"csr-category","embeddable":true,"href":"https:\/\/www.mapletree.com.sg\/vn\/wp-json\/wp\/v2\/csr-category?post=2719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}