Mayfield Group (ASX:MYG) has acquired an $8.4 million, 10,410sqm industrial property at 1180 Old Port Road, Royal Park, immediately adjacent to its BE Switchcraft operations, as it moves to expand capacity amid a $30 million pipeline of secured contracts.
The debt-funded acquisition delivers immediate operational synergies, including shared overhead crane access, consolidated inventory, eliminated inter-site logistics and the termination of a Tugger Way lease, generating annual savings of approximately $240,000 while preserving $16.3 million in cash reserves.
The site will support expanded electrical fit-out and fabrication capability for BE Switchcraft, enable consolidation of corporate functions and major project delivery for Mayfield Industries, and reduce reliance on external leasing.