Ann: GALE Pacific Announces Updated Earnings Guidance, page-18

The actions at ‘apparent’ business level would suggest its business as usual - witness the new lease entered into:


Gale Pacific has committed to a brand new distribution facility at Frasers Property Australia’s Braeside Industrial Estate. The deal, negotiated by Colliers International’s James Stott and Gordon Code, will trigger another 10,643 sq m speculatively built facility. Once fully occupied, the site will have an end value of more than $29 million. Gale will take Warehouse A in Beyer Road. The 9146 sq m facility was leased for five years at a rate understood to be about $90 per sq m. “The move marks a strategic shift for Gale Pacific, allowing them to run a distribution facility near their head office,” Mr Stott said.