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CTI Logistics Limited (ASX:CLX)

ALERT: Price-sensitive ASX Announcement for CLX
Current share price for CLX : $2.610 0.02 (0.77%)+
Announcement
Release
13 Aug 2026 8:14AM
Price at Release
$2.590
Full Release
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Summary
CTI Logistics Limited announced that it has entered into a binding agreement to acquire a property located at 125-129 Sheffield Road, Welshpool WA for $24.1 million. The property, which will be vacated at settlement on 10 November 2026, is strategically located near the Kewdale Rail Terminal. CTI plans to relocate its interstate transport business to this location after redeveloping the site and following the expiry of two existing leases. This acquisition aligns with CTI's strategy of securing well-located property assets to support its operations. The purchase and subsequent redevelopment will be funded through existing debt facilities, and CTI will maintain significant balance sheet capacity and financial flexibility post-acquisition. The announcement was authorized by the CTI Logistics Limited board.
Key Points
  • CTI Logistics Limited acquires property in Welshpool WA for $24.1 million.
  • Property acquisition supports relocation of interstate transport business.
  • Strategically located near Kewdale Rail Terminal.
  • Acquisition strategy focuses on well-located property assets.
  • Funding through existing debt facilities.
  • Announcement authorized by CTI Logistics Limited board.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.