Dexus Industria REIT has sold off two logistics warehouses in Queensland, Australia to Hines, a global real estate investment, development, and property manager.

Hines has also simultaneously entered into a 15-year lease agreement for part of the property with PWR Performance Products Pty Ltd, a Gold Coast-based provider of high-tech cooling solutions, which will commence in July 2025.

The assets are located at 16-28 Quarry Road in Stapylton, Queensland.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.