Centuria's Direk Industrial facility
Centuria’s Direk Industrial facility. Image: Supplied.
  • Centuria Capital Group has completed the construction of a new industrial facility
  • Apex Steel Supplies' new South Australian headquarters is in Direk, SA
  • The 21,160sqm industrial facility includes an additional 1,240sqm of office space

Centuria Capital Group (ASX: CNI), has announced the completion of Apex Steel Supplies’ new South Australian headquarters.

The new 21,160sqm industrial facility, along with an additional 1,240sqm of office space, was developed by Centuria in collaboration with the Samaras Group. Centuria’s unlisted open-ended real estate fund, Centuria Diversified Property Fund, will own the property.

With 120 employees now based at the new site, Apex Steel Supplies has consolidated its operations from three separate locations across Adelaide, in a move that has significantly expanded the company’s warehousing and manufacturing capabilities.

Expanded operations

John Konstandopoulos, Apex Steel Supplies Managing Director, said, “We simply outgrew our previous premises, which was a good problem to have. Our new purpose-built facility in Direk has given us the ability to make further advancements in technology to improve our production, manufacturing, and distribution. So far, we have already invested in new roll forming machines, which has increased the range of products we now offer.”

Jesse Curtis, Centuria Head of Industrial said, “We warmly welcome Apex to the new Direk industrial facility, which has been customised specifically to facilitate Apex’s expanding business needs. It is a pleasure to work so closely with customer tenants to curate real estate to suit growing operations. Apex is a great Australian business success story and we are proud to be a part of their journey.”

Boost for the state

Centuria is a significant investor in the South Australia market with more than 26 assets worth $913 million across the estate.

State Member for Florey, Michael Brown MP, said, “This significant investment will assist Apex Group in taking advantage of the record spending on infrastructure development from both the government and the private sector in our state.”

City of Salisbury Mayor, Gillian Aldridge OAM, said, “We’re so pleased that Apex Steel have chosen to build this amazing facility for their employees here in the City of Salisbury. What a fabulous success story for an Australian family owned business, who cares for their employees, and produces outstanding quality of steel products. We look forward to watching them continue to grow.”



You May Also Like

Cromwell Property Group (ASX: CMW) to kick off green loan this month

The company will transition its $130 million bilateral loan with CBA on the Cromwell Riverpark Trust to a green loan certified by the Climate Bonds Initiative.

Latest deal brings Dexus holdings in Celsus to 73%

A trio of deals have seen Dexus acquire a combined 30.58% interest in Royal Adelaide Hospital PPP

Property Funds Association of Australia appoints Melissa Kingham as President

Kingham will become the organisation’s first female president

Shoalwater Shopping Centre listed for sale, and Arcana Capital acquires $25M in offices

The latest listings and transactions include offices and shopping centres