Lineage, the world’s largest temperature-controlled warehouse real estate investment trust (REIT), has officially announced its acquisition of Fremantle City Coldstores (FCC), a prominent cold-storage company located in Fremantle, Western Australia. This strategic move solidifies Lineage’s position in the Australian and Asia-Pacific markets and reflects the company’s commitment to long-term growth and expansion.
Brooke Miller, Lineage’s President for Asia Pacific, emphasized the significance of the cold storage sector in Western Australia and its role in advancing Lineage’s strategic growth plan for the region. With nearly 42,000 cubic meters of space and over 8,000 pallet positions, the addition of FCC strengthens Lineage’s cold storage network in Western Australia, complementing the company’s existing facility in Perth.
Morris Guest, Lineage’s Regional Vice President for Australia, highlighted the strategic location of FCC in close proximity to Fremantle Port, Western Australia’s largest general cargo hub. This advantageous positioning enables Lineage to enhance its service offerings and provide customers with top-tier solutions. Guest expressed confidence in FCC’s ability to deliver exceptional service and contribute to Lineage’s overall success.
The acquisition of FCC, a facility equipped with rooftop solar capacity, further enhances Lineage’s capabilities in serving meat and seafood customers. With six blast cells boasting nearly 250,000 kilograms of blast freezing capacity, FCC is well-equipped to meet the demands of its clientele. This acquisition underscores Lineage’s commitment to delivering innovative and sustainable solutions to its customers.
With the addition of FCC, Lineage now boasts a total of 15 facilities across Australia, solidifying its position as a leading provider of temperature-controlled warehousing solutions in the region. The company’s extensive network of facilities enables it to meet the diverse needs of its customers and provide them with unparalleled service and support.
In conclusion, Lineage’s acquisition of Fremantle City Coldstores represents a significant milestone in the company’s growth trajectory in Australia and the Asia-Pacific region. By expanding its cold storage network and enhancing its service offerings, Lineage is well-positioned to meet the evolving needs of its customers and drive continued success in the industry. The company looks forward to leveraging FCC’s capabilities and welcoming its employees into the Lineage Asia-Pacific team, further strengthening its position as a leader in the temperature-controlled warehousing sector.
