Dicker Data is gearing up for growth with a ‘significantly’ expanded warehouse and new offices.
The company has exchanged conditional contracts to acquire new property in Kurnell in a $18 million deal. The new property, which includes 10 hectares of usable land, is adjacent to its current facility.
David Dicker, Dicker Data chairman and chief executive, says the company’s continued growth mean new facilities are required.
“As our operation continues to grow we believe that this new land will give us the capacity we need to maintain the strong growth trajectory we’ve been on,” Dicker says.
“We intend to build a new facility to have all our staff in a single office and significantly expand our warehousing capacity,” he adds.
The company says the purchase will be funded from a combination of existing cash and a draw down on the receivables facility, and any land in excess to requirements may be subdivided and sold following the company’s expansion onto the property.