Woolworths’ real estate reorganisation to create opportunities for properties expansion

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.

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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.