Australian Financial Review reports that Coca-Cola Amatil is considering a sale and leaseback of its distribution center at Eastern Creek in Sydney's west to reduce capital expenditure and finance commitments.
CCA bought the land at Eastern Creek last year for around $35 million and planned to spend between $55 million and $60 million building a state-of-the-art distribution center. The company completed a simmilar $90 million semi-automated warehouse at its nearby Northmead facility.
CCA reportedly has no plans to sell and lease back its other distribution centers which it considers to have more strategic value.
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Saturday, July 01, 2006
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