It's not just a super big fridge

How does the latest in banana and avocado ripening technology fit into your super? Find out about one of our new property assets.

Fresh green and red peppers in crates in a vegetable processing plant

When you consider how your super is invested you may think of stocks, fixed interest options or bonds, but did you know your super may also be supporting vital infrastructure and property assets? Assets such as the Woolworths Melbourne Fresh Distribution Centre (MFDC) keep our economy moving, but our share in this new facility also keeps our investment portfolio diversified to help manage risk.

So, what is the MFDC? At one-and-a-half times the size of the MCG, you could describe it as a really big fridge, but it’s so much more than that. The state-of-the-art facility which opened in Truganina in late 2020, brings fresh fruit, vegetables and chilled goods to Victorians from more than 500 suppliers. It has the latest in banana and avocado ripening technology, along with world-class refrigeration systems to ensure increased freshness. 

The MFDC is not only helping to provide better quality food, but it’s also doing its part to reduce the movement of trucks around the city. Building the facility in Truganina in Melbourne’s west means it’s closer to more Woolworths’ suppliers. This has the knock-on effect of taking around 600 trucks off the West Gate and a further 3,000 trucks from Melbourne streets.*

It’s also striving to be awarded a Five Star Green Star rating from the Green Building Council of Australia due to the solar panel system on the roof, charge points for electric trucks, and transport efficiencies which should save more than 400,000 litres of fuel each year. 

So, next time you pick up some strawberries and cream from your local Woolies supermarket, enjoy knowing that your goods are as fresh as possible and you may be actively supporting your super.

* https://www.woolworthsgroup.com.au/page/media/Latest_News/woolworths-breaks-ground-on-135m-melbourne-fresh-distribution-centre-development

Any general advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice on this website, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement which is available on the Website or by calling 1300 033 166 between 8.30 am and 5.30 pm (AEST) Monday to Friday. You may wish to consult an Adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.

Any general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any decision, you should obtain and read the relevant Product Disclosure Statement and Target Market Determination or call us on 1300 033 166 for copies of these documents. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.