LOGOS has announced it has entered into an agreement to acquire a strategic asset in Truganina, one of Melbourne’s prime industrial suburbs, via an off market deal. The asset on completion will provide a purpose built facility offering 48,770sqm of GLA for an initial ten year term. The deal is anticipated to complete in early 2020.
Located at 30 Logistics Drive, the 8.5 hectare property benefits from direct access to Melbourne’s key arterial road networks, including the Princes Highway, West Gate Freeway and Western Right Road.
“The Melbourne logistics market continues to perform strongly and we are pleased to be able to strengthen our foothold in this strategic market. LOGOS’ Melbourne portfolio now stands at circa 350,000sqm with an additional 27 hectares of development land at our Truganina Logistics Estate. We are a strong advocate of the benefits that western Melbourne provides Victorian and Australian supply chains and are confident we will see strong rental growth and tenant demand over the coming years in this area as a result of the diminishing supply of available zoned and serviced land,” Darren Searle, LOGOS’ Head of Australia and New Zealand said.
Truganina is a well-established industrial suburb which includes facilities for a number of large format logistics operators, including FMCG/Supermarket operators, e-commerce operators and 3PL groups.
LOGOS’ Australian portfolio, which spans New South Wales, Victoria, Queensland and Western Australia, has a target end value of over $4.2 billion.
Toyota Australia together with Toyota Material Handling Australia and Toyota Fleet Management, will be introducing a fleet of autonomous Autopilot vehicles in to its Altona warehouse from its operation start in 2020. Manufactured in Sweden by Toyota Material Handling Europe, the fleet itself will consist of six Autopilot Tow Trucks (TAE500) and one Autopilot Reach Truck (RAE160), the flagship model when it comes to warehouse automation. They will apply Autopilot driverless technology to achieve mobility in conveyance, towing, lifting, and be able to autonomously place product throughout the warehouse and pick orders for customers. All models in the range will also have the ability to be used in manual mode as conventional warehouse vehicles allowing complete flexibility in operations. In addition to enhanced safety, Autopilot will also deliver energy efficiencies via Lithium-Ion battery technology, automatic charging, high vehicle utilisation, and low maintenance costs. Toyota Australia Vice President of Sales and Marketing, Sean Hanley, said the mobility company has a thorough understanding and appreciation of the importance of automation technology. “Toyota Australia will continue to develop, progress, and employ these new ways of thinking whenever possible. We are extremely committed to delivering the highest level of reliability, performance, and productivity, and Autopilot ticks every one of these boxes,” Sean said.
NewCold, a global cold logistics company, has announced that Abhy Maharaj will join the company as its Global Chief Commercial Officer & Chief Operating Officer, effective 1 July 2019. Abhy will be based in Melbourne.
Headquartered in The Netherlands, the company has eight locations in three continents; offers over 800,000 pallet positions and has a team of around 750 employees, recently opening two new facilities in Melbourne, Australia.
In this new role, Abhy Maharaj will work closely with Bram Hage, Founder and Executive Officer, and the Global Management Team of NewCold on the company’s overall strategy and execution and will oversee NewCold’s business planning, marketing, business development and operating efficiency. Abhy will be based in Melbourne, so that he is close to business expansion opportunities in Australia, New Zealand, South East Asia and China.
“I am pleased to have someone with Abhy’s experience on our leadership team as we accelerate our growth into a fully-fledged multi-national with highly automated supply chain solutions across all key cold-chain growth markets. Abhy will strengthen our commercial disciplines, customer relationships and strategic execution,” Bram Hage, Founder and Executive Office said.
Abhry has more than 20 years’ experience in global corporate management, strategic and commercial development, and creating and implementing high-growth strategies for disruptive technologies and solutions. He previously held senior positions with Air New Zealand and Fonterra Dairy Co-operative.
Australian advanced manufacturing company Titomic Limited has announced it has signed an agreement with The Boeing Company to deliver additively manufacturing test parts for airplanes. This initial agreement is for AUD$170,000. “Titomic is pleased to announce this trial agreement with Boeing to deliver additively manufacturing test parts for airplanes. Currently, with traditional manufacturing process, there is up to an 80% material waste and 6-month lead time to CNC machine these parts. These Titomic Kinetic Fusion (TKF) produced parts will allow Boeing a significant reduction in lead-times, improved performance for composite part production and cycle times,” Jeff Lang, Titomic Managing Director said. Titomic recently unveiled the world’s largest and fastest 3d printer.
Kaufland, one of the world’s largest supermarket chains, has confirmed it will open its first Australian distribution centre at Merrifield Business Park in Melbourne’s north. The supermarket chain has purchased a large 28-hectare site on which it plans to construct a 110,000 square metre purpose-built distribution centre that will service their stores. The facility will be one of the largest of its kind in Australia and feature extensive temperature controlled storage, the latest automated warehousing with a 40 metre high-bay storage as well as a 3,600 square metre office. The total investment in the facility is upwards of $450 million. The facility is expected to bring an additional estimated 600 jobs to the local area upon completion. The retailer, which is owned by Schwarz Group, the fourth largest retail chain in the world, selected Merrifield Business Park due to its strategic location on the Hume Freeway and proximity to Melbourne. It is the fourth major deal for MAB Corporation and its partner Gibson Property Corporation at Merrifield Business Park, with Kaufland joining Dulux, D’Orsogna and Steritech in Victoria’s largest business park. A Kaufland spokesperson said: “Our new state of the art distribution centre at Merrifield Business Park will be the company’s single biggest investment in Australia and enable Kaufland’s expansion. Merrifield was selected for its strategic location and ability to cater for future expansion of the facility.”
Texas-based Emergent Cold has announced the acquisition of the Montague Cold Storage facilities in Melbourne. According to Emergent Gold, this acquisition complements its broader strategy of acquiring and developing a global network of cold chain businesses. Montagues was founded in 1948, by William (Bill) Montague OAM by purchasing a carting operation that turned the Montague name into a fresh food provider. The first orchard was planted at Narre warren, Victoria in 1950. Innovation continued with the introduction of Controlled Atmosphere storage to Australia in 1967, followed by their first cold storage facility at Allansford in 1989. “We want to thank all the executives and staff who have contributed to this wonderful business over 60 years. The Montague family and management team will be focussing our energy and future endeavours in the horticultural industry, where there are many exciting opportunities both nationally and internationally,” Ray Montague, Chairman of Montague Group said. Emergent Cold was founded in 2017 with the vision to build a global cold chain solution for multinational customers. Emergent Cold has grown through a combination of business acquisitions and greenfield developments in emerging and developing markets. “We are delighted to welcome the Montague Cold Storage team to the Emergent Cold network. Combining Montague’s assets with our national service capability will further strengthen our offering to the Australian and International market,” Neal Rider, CEO of Emergent Cold said.
The Andrews Labor Government has announced a new cabinet, including new appointments for roads, transport and freight portfolios, following its re-election in Victoria. Jacinta Allan, formerly Minister for Public Transport and Employment, has been given the Transport Infrastructure portfolio in the new cabinet. “The Andrews Government is embarking on the biggest infrastructure program Victoria has ever seen,” according to a statement from Premier Daniel Andrews’ office. “To ensure this is delivered, Jacinta Allan takes on the portfolio of Transport Infrastructure, with responsibility for projects including the Level Crossing Removal Program, North East Link, West Gate Tunnel, Metro Tunnel and Suburban Rail Loop.” Ms. Allen leads an all-female transport team with Melissa Horne made Minister for Public Transport and Minister for Ports and Freight, while Jaala Pulford takes on the Roads, Road Safety and the TAC, and Fishing and Boating portfolios. Luke Donnellan moves on as Minister for Roads and Road Safety to become Minister for Child Protection and Minister for Disability, Ageing and Carers.
Construction is one of the largest industries in the world economy – worth $10 trillion globally – equivalent to 13 per cent of GDP. But, Professor Jay Sanjayan, from Swinburne University of Technology, explains that construction has suffered for decades from remarkably poor productivity compared to other sectors. While agriculture and manufacturing have increased productivity 10-15 times since the 1950s, construction remains stuck at the same level as 80 years ago, he said. “That’s because construction remains largely manual, while manufacturing and other industries have made significant progress in the use of digital, sensing and automation technologies. “We and other research groups see 3D-printed concrete as a possible solution to these problems. The technique will likely also give architects the freedom to inject more creativity into their designs for new structures,” said Sanjayan. Modern civil infrastructure is almost entirely built with concrete. More than 20 billion tons of concrete is used per year, Sanjayan explains. “The only material we use more than that is water. “The construction industry is facing a number of serious problems, including low labour efficiency and high accident rates at construction sites.” According to the Australian Bureau of Statistics, the construction industry has the highest rate of work-related injuries at 59 per 1000 workers. There are also difficulties in quality control at construction sites, high levels of waste and carbon emissions, cost blow-outs, and challenges in managing large worksites with a vanishing skilled workforce. Disruptive technologies such as 3D concrete printing can offer solutions. 3D construction uses additive manufacturing techniques, which means objects are constructed by adding layers of material. Conventional approaches to construction involve casting concrete into a mould. But additive construction combines digital technology and new insights from materials technology to allow free-form construction without the use of formwork. Eliminating the cost of formwork is the major economic driver of 3D concrete printing. Built using materials such as timber, formwork accounts for about 60 per cent of the total cost of concrete construction. It’s also a significant source of waste, given that it is discarded sooner or later.
Frasers Property Australia has settled on a 63.4 hectare prime industrial land parcel valued at approximately $40 million. It is located in Melbourne’s northern suburb of Epping.
Situated at 410 Cooper Street, the property stretches through to O’Herns Rd in the north and is abutting the Hume Freeway. It will be located between two full diamond interchanges, allowing unparalleled access to Melbourne’s northern suburbs.
“The Epping acquisition is a significant strategic purchase for the business and will further strengthen our position as one of the leading providers of prime industrial product in Melbourne. It also compliments Frasers Property’s other well-located industrial land holdings in Melbourne’s south east and west.,” Anthony Maugeri, General Manager Southern Region of Frasers Property Australia’s Commercial and Industrial division said.
The new site will accommodate up to 250,000 sqm of built form, enabling Frasers Property to service existing and new customers.
Neighbouring properties to Frasers Property’s Epping land parcel include Melbourne’s Wholesale Fruit and Vegetable Market and large land occupiers such as Mainfreight, Mission Foods, Chemist Warehouse, Visy, Coles, Bluestar Logistics, Linfox and Toll.
CEFC finance for the Numurkah Solar Farm is supporting a path-breaking example of how solar energy can deliver cost-effective electricity for Victoria’s energy-intensive services and manufacturers. Even before work has begun on the 100MW (AC) (128MWp) solar development in Victoria’s Goulburn Valley region, developer Neoen has secured major power supply contracts for both the Laverton steelworks, in Melbourne’s west, and the Melbourne tram network. CEFC CEO Ian Learmonth said the CEFC commitment of $56 million in debt finance would help accelerate development of the $198 million solar farm. “High grid electricity prices, high gas prices and unfavourable contracting conditions have put pressure on tight operating margins for manufacturers,” Mr Learmonth said. “The lower cost of solar, combined with these types of commercial power purchase agreements, offer manufacturers welcome control over their energy use. “Reducing the electricity bills and carbon emissions of energy-intensive industries such as steel manufacturing is increasingly achievable. The Numurkah Solar Farm contract with Laverton steelworks is an outstanding example of how clean energy can be integrated into manufacturing operations to help decarbonise their production processes and reduce costs with locked-in solar contracts. “For passengers on Melbourne’s iconic tram network, the benefits are also clear. Trams get cars off the road, which is crucial for lowering emissions. Supporting the operation of the tram network with solar energy is a further opportunity to reduce emissions in the transport sector.” Neoen Australia managing director Franck Woitiez said the successful financial close of Numurkah is one of the most significant milestones for the company’s operations locally. “Numurkah is an important project for Neoen,” Mr Woitiez said. “First, because it marks the achievement of our first gigawatt of projects in Australia, either under construction or in operation. And second, because the Victorian Government and ZEN Energy are long-term partners for Neoen and this project proves that collectively, we are moving towards our aim of delivering sustainable, reliable and competitive energy to all Australians.” Neoen expects the Numurkah Solar Farm to generate about 255,000 megawatt hours (MWh) of electricity into the national power grid each year. That’s enough solar to power about 42,000 homes. The project will be constructed over 500 hectares and include about 350,000 solar panels. It is expected to be operating by the middle of 2019. Neoen has contracted 60 per cent of the farm’s projected output to renewable energy retailer SIMEC ZEN Energy, a majority owned subsidiary of the GFG Alliance which operates the Laverton steelworks. SIMEC ZEN Energy will use the energy to support firm retail supply contracts to commercial and industrial customers in Victoria, including the Laverton steelworks. The Victorian Government has contracted a further 30 per cent of Numurkah’s large-scale generation certificates to support its goal of covering the electricity load of Melbourne’s tram network with solar power. Transaction leader Monique Miller said the CEFC expected to see further demand for solar as energy intensive manufacturers seek corporate power purchase agreements to offset their energy costs. “In steel making, energy can account for between 20 to 40 per cent of input costs. It makes good economic sense to find a renewable energy resource that can reduce those outlays,” Ms Miller said. “We expect to see more industrial and commercial businesses contract directly with renewable energy producers to meet their electricity needs in the future, as consumers take more control over their energy needs. This will also strengthen the business case for project developers, giving them security over the sale of their power output as their projects come online.” With this latest investment, the CEFC has committed just over $420 million to renewable energy projects in Victoria, adding approximately 1GW of solar and wind energy to the state’s power supply