North Ryde. Sale opposed by ACCC

Goodman Fielder Limited has expressed its disappointment at the decision by the Australian Competition and Consumer Commission (ACCC) to oppose the sale of its commercial edible fats and oils division to Cargill Australia, which is also a refiner of edible fats and oils and the largest supplier of crude oils to Australian refiners. The ACCC said the acquisition would lead to a substantial reduction in competition in markets for the supply of certain refined oil products, in particular those used by industrial food manufacturers. Goodman Fielder's managing director, Peter Margin, said that if they are unable to find a resolution to the issues put forward by the ACCC, they would retain ownership of the business and proceed to develop and restructure its operations to improve profitability.

Horsley Park. Approval for $95 million project

The Department of Planning has approved a Goodman International project for the construction of a regional distribution park of warehouses, distribution centres and freight logistics facilities on 62 hectares of land adjacent to the Sydney Water Pipeline, and provide associated infrastructure. A DHL Logistics Hub and associated infrastructure is within the Oakdale Central project. The estimated cost of construction is $95 million. When operational the project will employ 1200 people.

Arndell Park. Goodman Australia outlays $50m

The unlisted Goodman Australia Industrial Fund is reported to have paid about $50 million, in cash and script, for a 40,000-square metre distribution centre, at Arndell Park. NAB Super bought the property in 2002 for $33 million from property developer St Hilliers.