Woolworths’ real estate reorganisation to create opportunities for properties expansion

 In Australia, NewZealand, Woolworths

Woolworths Ltd is moving ahead with its plans to spin-off about 70 ofn its retail properties by establishing new vehicles to hold and control nthe new property portfolio, according to a report from the Fairfax nnewspaper The Australian Financial Review.

n

According to the Australian Financial Review, Woolworths  is shortly nexpected to announce details of both an in-specie distribution of the nfund to Woolworths Ltd shareholders as well as a $400 million or more ncapital raising for the vehicle. Australian Food News – Read More.

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.