Qube sees the logic in expansion

Qube Logistics has paid US$17 million for a half share in Minto Properties, acquired from Toll Holdings, the Australian Financial Review reported.

Japanese shipping group Kawasaki owns the other half of the Kaplan Funds Management-managed company, which has a 29-hectare site in Sydney's southwest, with Prixcar holding a lease on the property.

Qube already has a 30 percent stake in the Sydney Intermodal Terminal Alliance, with other stakeholders including Stockland and Queensland Rail. Qube's significant shareholder is former Patrick boss Chris Corrigan.
(Source:www.cargonewsasia.com)