Mike and Di Holland, Edenhope Storage, will sell the site that they own as part of a joint venture with Emerald Grain. Picture: CONTRIBUTEDEMERALDGrainhas its Edenhope Storagegrainhandling site on the market.
Edenhope Storage is a joint venture betweenEmerald Grainand the Holland family.
It is located in the far west Wimmera and is a road only site.
EmeraldGrainchief executive John Murray saidEmeraldhaddecided to put its share onthe market after the Hollands announced they planned to depart.
“The site, while a wonderful site, from our point of view, is not freight advantaged to our assets at the port of Melbourne,” he said.
“Sowe thought with the Hollands wanting to sell, we could take the opportunity to explore our options.”
The Edenhope site has been upgraded in the past few years, with more than $2 million in capital upgrades, including improved road access and increased storage capacity.
In 2014 Emerald Grain tripled the site’s storage capacity, adding 40,000 tones of storage and recieval capacity.
Two new storage sheds were built at the time.
Now, there is 85,000 tonnes of capacity at the site, with60,000 tonnesof that permanent storage.
The site increased in size since opening up as Holland Bulk Storage, reflecting increasedgrainproduction in the south-west Wimmera.
Mr Murray said ifEmeralddid not find a buyer it would continue to operate the site.
Hesaid there had been strong interest so far.
“We’ve had enquiriesfrom both Wimmera and national concerns,” he said.
Should the Edenhope site sell,EmeraldGrainwould have ten bulk handling sites, down from a peak of 14 a couple of years ago.
However Mr Murray said the company was committed to its storage and handling sector, focusing on using sites that complementEmerald’s port assets.
TheEmeraldGrainstorage network extends across Victoria and southern NSW.
The majority of the sites are linked by rail to port.
This story Administrator ready to work first appeared on Nanjing Night Net.