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NEWS Inside the Industry deliver this milestone strategic investment.<br />
"In addition to its investment alongside<br />
the consortium, Logos is appointed as the<br />
investment and development manager for<br />
MLP," the consortium said.<br />
"By acquiring MLP, the Logos consortium<br />
will establish a new benchmark for logistics<br />
development in the Asia-Pacific and<br />
contribute to ongoing further innovation in<br />
the sector globally.<br />
"This acquisition positions the Logos<br />
consortium at the heart of a logistics<br />
revolution that will capture powerful<br />
economic benefits as the MLP’s intermodal<br />
terminals ramp up, increasing the efficient<br />
“This acquisition positions the Logos<br />
QUBE SELLS MOOREBANK TO LOGOS<br />
Leading Asia-Pacific logistics asset<br />
management firm Logos and a consortium<br />
of partners have agreed to buy Moorebank<br />
Logistics Park (MLP) from Qube.<br />
The $1.67 billion deal is in the form of a<br />
binding agreement for Australia’s largest<br />
intermodal logistics facility at Moorebank in<br />
south-western Sydney.<br />
"The acquisition of Moorebank Logistics<br />
Park is a landmark investment by a<br />
consortium comprised of leading investors<br />
with a deep commitment to furthering the<br />
logistics, e-commerce and distribution<br />
landscape in Australia," the Logos<br />
consortium said.<br />
Logos has joined with existing partners,<br />
Ivanhoé Cambridge, AustralianSuper, and<br />
NSW Treasury Corporation (TCorp) as<br />
well as a new partner, AXA IM Alts, to<br />
transfer of goods from Port Botany to<br />
customers around Australia.<br />
"Our collective vision for MLP<br />
represents a fundamental shift in east<br />
coast logistics, as a fully automated<br />
port-to-site rail link.<br />
"The high levels of automation across<br />
the intermodals and warehousing will drive<br />
significant long-term cost advantages and<br />
improve supply chain predictability, which<br />
will offer important labour efficiency and<br />
stock availability.<br />
"The scale of a logistics site with this<br />
range of benefits, within a 30-minute drive<br />
of a major global CBD, has not been seen in<br />
Australia before."<br />
MLP is Australia’s largest intermodal<br />
freight facility.<br />
The site includes 243 hectares of land<br />
being developed into industrial property<br />
and infrastructure, including potential for<br />
up to 850,000 square metres of warehouse<br />
opportunities directly adjacent to Australia’s<br />
largest rail intermodal facilities with direct<br />
linkage to Port Botany.<br />
Once complete, the deal will be seen<br />
as vindicating a long-term rail-to-port<br />
vision that began to take shape in<br />
2007, when a related firm began raising<br />
$100 million for intermodal facilities in<br />
Moorebank and Minto.<br />
consortium at the heart of a logistics revolution"<br />
McColl's smart OBM system gains TCA regulatory approval<br />
A smart on-board mass (OBM) system<br />
devised in-house by McColl’s Transport is<br />
granted Transport Certification Australia<br />
(TCA) Category B type-approval.<br />
The McColl’s Integrated Mass Management<br />
System (MIMMS), developed exclusively<br />
for use by the company, uses an innovative<br />
combination of technologies, systems<br />
and processes to meet the performance<br />
requirements of the OBM System Functional<br />
and Technical Specification, TCA noted.<br />
The product is used to aid McColl’s<br />
as a liquid carrier of milk, food and bulk<br />
chemicals.<br />
"We are very pleased to have received TCA<br />
approval for MIMMS," McColl’s CEO Simon<br />
Thornton said.<br />
"This comes after two years of hard work for<br />
our team to deliver this new capability to us.<br />
"Safety is at the top of our values list and this<br />
system will be another asset to help us to keep<br />
our drivers and other road users safe.<br />
"MIMMS will allow us to be sure that we are<br />
always operating within the gross vehicle mass<br />
limits for the roads that we are driving on.<br />
"Our federal, state and local governments<br />
make big investments to provide Australians with<br />
first-class road infrastructure.<br />
"Managing and reporting our mass in real<br />
time is part of our commitment to keeping<br />
that infrastructure in top working order.<br />
"We have a particular interest in regional<br />
and rural roads as we collect milk from<br />
farms and the infrastructure on these<br />
smaller roads is particularly vulnerable to<br />
over-weight vehicles."<br />
The development of MIMMS is particularly<br />
pertinent in Victoria, the company notes,<br />
which is in the midst of expanding its<br />
high-productivity vehicle (HPV) network<br />
access – with smart OBM a key pillar of<br />
the move.<br />
16 <strong>ATN</strong> July 2021 FULLYLOADED.COM.AU
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