Manheim has been operating from the 35,000 square metre Moorebank property at 144 Moorebank Avenue since 1994.
Manheim CEO Campbell Jones said the multi-million dollar acquisition was a sign that the company – one of Australia’s largest automotive and industrial auctioneers – was continuing its investment in Australia.
“The purchase of the site at Moorebank reflects the success of our business and our commitment to our operations in Sydney,” he said.
“The purchase gives us certainty in our tenancy and will allow us to invest in upgrading our facility with a strategic, long term view.”
Mr Campbell said that with the continued investment of Manheim’s parent company, Cox Automotive, the company would now look forward to the site improvements.
Manheim provides auctioneering and logistics services for a wide variety of customers across the state.
The growing number of vehicles, trucks, machinery and other assets being auctioned to increasingly larger crowds every week has been cited as the main reason for the acquisition of the property.
Manheim’s public vehicle auctions attract more than 400 vehicles each week as well as machinery auctions including earthmoving equipment, trucks and trailers, buses and farm machinery.
By Neil Dowling