Lineage grows cold storage network in Western Australia with acquisition of Fremantle City Coldstores

FREMANTLE, Western Australia and NOVI, Michigan – Lineage (the “Company”), (NASDAQ:LINE), the world’s largest temperature-controlled warehouse REIT, confirms its acquisition of Fremantle City Coldstores (FCC), a cold-storage company in Fremantle, Western Australia.

Lineage President for Asia Pacific, Brooke Miller, said the ongoing growth in the cold storage space in the Western Australia market was helping to cement the state as a key component of the company’s long-term strategic growth plan for Australia and Asia-Pacific. 

“With just under 42,000 cubic meters of space, and more than 8,000 pallet positions, FCC will strengthen our cold storage network in Western Australia, alongside our other operating facility in Perth,” Ms Miller said. 

Lineage Regional Vice President for Australia, Morris Guest, said access and proximity to Fremantle Port, Western Australia’s largest general cargo hub, was one of the many advantages of bringing FCC into Lineage’s network.

“With this new facility less than 10km from one of the country’s largest ports, FCC will play a vital role in offering our customers best-in-class service and solutions,” Mr. Guest said.

“We are looking forward to serving our customers through this facility and are proud to welcome FCC’s employees into the Lineage Asia-Pacific team.”

FCC - fully equipped with rooftop solar capacity - primarily services meat and seafood customers and features six blast cells with almost 250,000 kilograms of blast freezing capacity.

Following the FCC acquisition, Lineage now has 15 facilities across Australia.

About Lineage 
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X. 

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

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