Ormeau location for Puma Energy’s latest fuel stop
AUSTRALIAN fuel industry newcomer Puma Energy is set to develop a fuel stop at Ormeau after securing a site for $6.05 million.
The company, the Australian arm of Swiss commodities trading giant Trafigura, has lodged an application to develop a service station on the site – a 1.566ha parcel at 2 Mavis Ct.
The property sits at the junction with Eastern Service Rd and it is held through company Puma Energy (Australia) Asset Holdings.
It forms part of the $25 million Hallmarc Business Park, a subdivision project undertaken by Hallmarc Developments, linked to Marc Cini and Michael Loccisano.
Puma Energy retail development manager Matt Edwards said the facility would have 12 pumps or dispensers and formed part of an aggressive nationwide rollout plan.
“We now have people in every state on both the property and commercial side who are looking to grow the business and construction is in progress at numerous sites,’ he said.
In Brisbane, the company has joined with fast-food chain Oporto to develop a facility that will anchor the Citiswich Travel Centre, a venue to be developed by Synergy Property Partners.
The centre will form part of the $1 billion Citiswich project, an industrial estate being developed on a 350ha parcel on the Warrego Hwy west of Brisbane by Lang Walker’s Walker Corporation.
Mr Edwards said development of facilities in industrial areas were a priority for the company as they offered volume sales opportunities.
“Ideally, we would like to include a food outlet at Ormeau and the facility has attracted interest from a number of national food retailers.
“We hope to begin construction in the second half of this year.”
Puma Energy came into being with the acquisition by Trafigura of the Matilda service station chain established by the Gold Coast-based Neumann Group, and of AusFuel and Choice Petroleum from Archer Capital.
In July last year, Puma Energy extended its interests to Papua New Guinea where it outlaid $US525 million to acquire the InterOil refinery and distribution business – comprising Napa Napa refinery at Port Moresby, 52 service stations, and 30 fuel depots, terminals and aviation sites.
Last year it opened a $70 million fuel import terminal at Mackay and indicated would spend a further $250 million developing other facilities across Australia.
Last month it struck a deal to buy BP’s Australian bitumen business, subject to regulatory approval.
Under the deal, Puma will take control of sites at Brisbane, Townsville, Altona and Hobart.