HomeStock MarketAmazon to build new facilities in Australia as online demand surges

Amazon to build new facilities in Australia as online demand surges

Amazon to build new facilities in Australia as online demand surges

By Administrator_India

Capital Sands

Retail giant Amazon Inc  is expanding its Australian operations with plans to build a warehouse in Sydney and is also scouting locations for a giant facility in Melbourne, the Australian Financial Review reported on Thursday.

An Amazon spokeswoman declined to comment on ‘speculations or our future plans.’

In a separate stock exchange filing, Australia’s Brickworks Ltd said it was in ‘advanced discussions’ with a customer for a warehouse development near Sydney through a 50-50 joint venture with industrial property giant Goodman Group .

Brickworks, which has an industrial property division, did not name the ‘major client.’

CEO Lindsay Partridge told Reuters in an interview Brickworks’ industrial property business has been doing well with rental receipts “still coming in strongly.”

When asked if he was referring to Amazon, Partridge said “that’s the speculation.”

Amazon’s reported expansion plans come on the back of surging online sales as consumers shift to e-tailing due to the COVID-19 pandemic.

Just two weeks ago, Amazon had announced the opening of its first Queensland fulfilment centre in Brisbane later this year. The company currently has three fulfilment centres in Australia, based in Sydney, Melbourne and Perth.

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