SALTA Properties has signed a ten-year pre-commitment lease for a $45m container and warehouse depot with ACFS Port Logistics at Altona, Melbourne.
The transaction will see ACFS Port Logistics, represented by TM Insight, secure a seven-hectare site comprising a 25,000sqm warehouse and a 37,000sqm container hardstand.
With ACFS Port Logistics joining anchor tenant, Maersk Line, stage one of Nexus Industrial Altona is now finished.
The remaining 60,000sqm of land adjacent to the train line has been set aside for the proposed Port Rail Shuttle Network, an initiative into which the Victorian and federal governments are set to invest $58m.
The PRSN has the aim of shifting road freight onto rail and connecting the Port of Melbourne with three inland port sites across the state.
The inland port sites are in the southeast, north and west of Melbourne, including Salta Properties’ inland port sites in Altona and Dandenong South.
Salta Properties managing director, Sam Tarascio said securing support from ACFS Port Logistics reinforced demand for the Port Rail Shuttle Network.
“We welcome ACFS Port Logistics’ support in the Port Rail Shuttle Network and look forward to developing an innovative solution that enhances its business operations,” Mr Tarascio said.
“ACFS Port Logistics joins a list of high calibre organisations at Salta Properties’ Altona and Dandenong sites, which have set-up base at inland port locations to maintain their competitive advantage in anticipation for the government to activate its Port Rail Shuttle Network.”
Salta Properties’ Altona site is currently home to MAERSK Shipping Line, with Woolworths, Bunnings, Visa Global Logistics and Silk Contract Logistics occupying its industrial estate in Dandenong South.
ACFS Port Logistics managing director Arthur Tzaneros said they were working with Salta Properties to design a facility at Nexus Industrial Altona to optimise space and efficiency.
“We look forward to having the most sophisticated and technologically advanced warehouse solutions offering for our 3PL and e-commerce customers in Australia, ensuring we continue to grow our capacity and improve our market-leading service offering,” Mr Tzaneros said.
TM Insight director Nathan Bingham said “a thorough market process” was done to identify the most suitable site and developer for ACFS.
“From both a strategic and commercial perspective the solution provided by Salta was a compelling option for ACFS,” Mr Bingham said.
– Published by Daily Cargo News on 21 August 2019