IPS Logistics signs up for another 10 years in Brisbane

IPS Logistics has secured a 10-year lease extension at LOGOS' property at the Port of Brisbane Logistics Hub on Bishop Drive.

The Courier-Mail reports that the extension comes more than two years after LOGOS and Swiss firm Partners Group bought the site from IPS Logistics.

IPS chief executive Darren Allen is quoted saying as the company is focused on containerised transport, warehousing and distribution activities for a wide range of imported and exported products across various sectors, location and access to key infrastructure is critical.

"Being located just a few hundred metres from the stevedores, we offer our customers a safe, cost-effective service that is second to none," he says, describing the lease extension and an additional space commitment as a "great milestone for IPS".