Americold Realty Trust, Inc, a publicly-traded REIT focused on the ownership, operation, and development of temperature-controlled warehouses, has acquired a temperature-controlled storage facility in Ormeau, Queensland, totalling more than 2.1 million cubic feet and approximately 10,000 pallet positions, with the capability for future expansion.
Americold managing director of the Asia Pacific Region Andrew Mates said the acquisition expanded Americold’s presence in Queensland.
“We are pleased to announce our acquisition of the Ormeau site, which expands our presence in the Queensland and Australian market.
“This facility is strategically located adjacent the Pacific Motorway (M1), is halfway between Brisbane and the Gold Coast, with quick access to the Port of Brisbane, and has already received many expressions of interest from new and existing customers.
The acquisition will allow us to better serve our current customers and increase our customer base as we strive to fulfill our mission to help our customers feed the world,” said Mates.
The acquisition increases Americold’s presence in Australia to 60 million cubic feet, spread across five states and 12 sites.
