ACFS Port Logistics is looking for expansion opportunities after securing its future at St Mary’s intermodal in Sydney’s west.
ACFS has signed a twenty-year lease with Cadence Property Group, effective 1 July.
Cadence and PGIM Real Estate acquired the property from Pacific National effective from 30 June as part of a deal worth a cool $145 million.
“With renewed focus and commitment, ACFS and Cadence Property Group are partnering to service Western Sydney from the best-located rail intermodal hub in Sydney,” ACFS said in an online statement.
“Bypassing every major toll road and working from the outside into the industrial zones within 15km of the ACFS intermodal, we have a distinct advantage to maximise efficiency, reduce carbon footprint, and deliver best-practice cost solutions.”
ACFS said it would work with Cadence to “immediately embark on expanding the St Marys Intermodal precinct to meet growing demand”.
“As a neutral service provider, ACFS plans to collaborate with shipping lines and transport operators to bring containers closer to their final destinations delivering optimal solutions for importers and exporters across New South Wales,” ACFS stated.
Commenting on the earlier sale, Pacific National said it had partnered with ACFS Port Logistics five years ago, strategically invested in the terminal development “to deliver a rail solution for major retail distribution centres and warehouses across Greater Western Sydney, including industrial estates in Eastern Creek, Marsden Park, Wetherill Park and Erskine Park”.
“The terminal Pacific National developed will ensure up to 300,000 shipping containers filled with a variety of essential goods and commodities can be hauled by rail from Port Botany to St Marys each year, reducing congestion on Sydney’s road network,” the company stated.
“Pacific National will continue to provide rail haulage services from the terminal to Port Botany and remains invested in further building on its freight and logistics service offering.”