Masters Deal Creates Australia’s Largest Large-Format Landlord
Woolworths’ sale of its Masters stores will propel a consortium of wealthy private families to become Australia’s largest retail landlord, overtaking shopping giant Harvey Norman.
The 61 Masters stores, estimated to cover about 700,000 square metres combined, will close their doors for good on or before December 11 after being offloaded this week to Home Consortium – a company controlled by the families behind Aurrum Group, Spotlight Group and Chemist Warehouse – in an $800 million deal. Sydney Morning Herald – Read more…
The 61 Masters stores, estimated to cover about 700,000 square metres combined, will close their doors for good on or before December 11 after being offloaded this week to Home Consortium – a company controlled by the families behind Aurrum Group, Spotlight Group and Chemist Warehouse – in an $800 million deal. Sydney Morning Herald – Read more…
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