Business Daily Media
Business Marketing


Australia’s leading online book retailer Booktopia Group Limited (ASX: BKG) (“the Company”) is  pleased to announce it has finalised a $12 million finance package to support the development of  the company’s new Customer Fulfilment Centre (CFC) at South Strathfield. 

Once operational in the second quarter of FY24, the new CFC is expected to deliver a range of  operational efficiencies and improved margins compared to the company’s current facility at  Lidcombe. 

The funding package comprises two components: 

  • Trade Finance Facility – The Company has established a $7 million trade finance facility  with Australian non-bank lender Moneytech Finance Pty Limited (Moneytech) to assist  working capital requirements while investment continues in the new CFC. The facility has  an initial term of 24 months and is a first ranking general security agreement. The interest  rate is the MoneyTech Base Rate (currently 10.2%) less 1.97%. 
  • Unsecured Debt Facility – The company has established a $5 million short term  unsecured debt facility with AFSG Capital1 to assist in funding the new CFC fitout  pending refinance by a longer term subordinated debt facility. The facility includes  funding from major shareholders Tony Nash and Steven Traurig and has a term of 180  days and an interest rate of 10% pa. 

The new CFC will support the efficient fulfilment of over 12 million units per annum with flexibility  built into the design for further expansion whilst reducing labour costs per unit in the CFC. 

Booktopia Chairman Peter George said completing the funding package was an important  milestone for the business. 

“The new CFC is critical to ensuring Booktopia can deliver industry-leading efficiency in the  medium and long term,” he said. “The advanced robotics platform and future-proof design will  ensure we can continue to evolve with changing technologies and deliver books in the fastest  possible time at the lowest possible cost, well into the future.”


Why the Building Sector will be hit HARD in 2024

Since February, 2023, there has been an upswing in housing values even with rate rising measures by the Reserve Bank of Australia. The same growth is not expected for 2024.   The building ...

Anna Porter - avatar Anna Porter

Best Ways to Sell Real Estate Online

In today's digital age, selling property has never been easier or more convenient. With the vast array of online platforms and tools available, you have the power to reach a wide audienc...

The Property Pack - avatar The Property Pack

Get into the property market: Buy a house with someone else and split the home loan. Find out the pros and cons

Split home loans are on the rise as more Aussies pool their cash to get into the property market to enjoy the wealth creating benefits of home ownership and investment. Sharing the cost ...

Business Daily Media - avatar Business Daily Media

Best Tips for Maintaining Your Commercial Property on a Budget

The success of your commercial property is directly tied to how well you maintain it. No one wants to run their business in a building where issues always pop up, disrupting the day's op...

Business Daily Media - avatar Business Daily Media


Cremorne Digital Hub to nurture Australia's next tech unicorns

Addressing the ecosystem’s growing pains which threaten to drive Australia's next generation of tech unicorns offshore, Cremorne Digital Hub's Scaleup Program powered by Boab aims to fuel the next level of digital investment a...

T-shirt Ventures raises capital

A true profit-for-purpose tech startup, T-shirt Ventures, has raised $11 million in Series A funding as it aims to scale its support to people living with disabilities and long-term health needs to live the life they want.   ...

Shangri-La Unveils New #WithHeart Campaign

Shangri-La Unveils #WithHeart Campaign to Celebrate 50 Years of Growing with Asia Campaign kicks off with a new short film series spotlighting a new generation of Asian pioneers In 1971, the first Shangri-La Hotel opened i...

Virtual Office