EG together with pharmaceutical wholesaler and distributor company, Sigma Healthcare (ASX: SIG), is excited to open a new critical storage and distribution centre in Bridgewater, Tasmania.
Located in a newly formed industrial estate, Bridgewater is 22 kilometres from the Hobart CBD. The facility was formally opened by EG’s Chairman, Dr Michael Easson AM and Sigma CEO Vikesh Ramsunder.
“Strengthening Sigma’s pharmaceutical supply chain in Australia with this significant facility serves to benefit both consumers in Tasmania as well as EG’s investor community,” stated Rodney Walt, Head of Private Wealth at EG.
“Sigma has a long and proud history of over 100 years in Australia and some very long-serving, loyal team members in Hobart. This purpose-built site will allow us to supply over 7 million units of essential medicines and related products to pharmacies across Tasmania every year,” stated Vikesh Ramsunder, CEO at Sigma.
“EG’s focus on long-term relationships is demonstrated by our ability to engage with a quality customer like Sigma to deliver to our investors a de-risked development project that is anticipated to offer robust risk-adjusted returns for our clients’.” stated Sean Fleming, EG’s Head of Capital Transactions.
Founded in 2000, EG has $5.1 billion under management on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact. With $3.9 billion in development pipeline, and 16.7% per annum in realised IRR for institutional funds, EG is committed to finding a better path to better returns.