Logos to develop Victorian printing facility for News Corp Australia

Industrial property funds manager Logos will develop a purpose-built printing facility for News Corp Australia at its Truganina Logistics Estate.

The new printing facility in western Melbourne will create 130 jobs.

Industrial property funds manager Logos will develop a purpose-built printing facility for News Corp Australia at its Truganina Logistics Estate in western Melbourne, creating 130 jobs in the process.

News Corp, publisher of The Australian, has committed to a 10-year term lease at the 11,215sq m site, which will become the company’s new print centre for its Victorian newspapers including the Herald Sun and the local edition of The Australian.

Logos acquired the Truganina site in mid-2018 with plans to transform it into a prime logistics and e-commerce estate offering modern facilities, primarily to serve Melbourne and surrounding areas.

The News Corp facility is the first precommitment for the estate.

The publisher sold its heritage print facility in bayside Port Melbourne and is reinvesting into the new development, which is slated to be completed in November.

News Corp partnered with property and supply chain firm TM Insight to design and procure the new facility, with TM Insight to project -manage the build with Logos.

“This new purpose-built print centre has been designed according to best practice layout for the highly specialised printing and publishing equipment that will be installed,” said TM Insight director Justin Fried.

The Logos Asia Pacific portfolio comprises 100 logistics estates across nine countries with assets of about $13.8bn. Logos counts some of the world’s largest fund managers as its shareholders, including Singapore-based ARA Asset Management, which took a majority stake in the company in March.

Logos head of Australia and New Zealand Darren Searle said the Truganina estate had excellent transport connections.

“We are pleased to be commencing development of the estate with a commitment from News Corp and look forward to working with FDC and our local consultants,” Mr Searle said.