Friday, February 22, 2008

Coca Cola Enters $80 Million Sale Leaseback of Distribution Facility in Sydney

The Age - February 20, 2008

Goodman International Ltd says it has secured a 15-year commitment from Coca Cola Amatil Ltd (CCA) to develop its new western Sydney storage and distribution facility for $80 million.

The purpose-built CCA centre will be developed on a 9.25-hectare site at the 150-hectare M7 Business Hub at Eastern Creek. The CCA property will be owned by the Goodman Australia Industrial Fund (GAIF).

CCA purchased the land and has now has entered into a sale-and-lease back agreement for an initial term of 15 years on the 31,225-square-metre facility. The distribution centre is the second such facility Goodman has secured from CCA in recent years. The previous commitment included the initial development of a 27,399-square-metre storage and distribution facility in Mentone, Melbourne Sphere: Related Content

No comments:

Wikinvest Wire