Tzaneros also moved to address concerns about rental payments at other ACFS facilities. Image: Daimler Truck Australia Pacific
ACFS Port Logistics says it has secured assurances from a major landlord that operations at its sites will not be impeded during the company’s administration.
Managing Director and CEO Arthur Tzaneros issued the update today, August 13, following reports that ACFS was approximately $12.2 million behind in rent owed to ESR-REIT, a real estate investment trust, across three Port of Brisbane properties.
ESR-REIT disclosed to the Singapore Stock Exchange last week that ACFS and related entity TZI 1 Pty Ltd were in arrears of approximately $12.2 million as at July 31. ESR-REIT said ACFS represented about 5.2 per…