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Australia's Woolworths to sell A$900m properties

September 06, 2010 | Updated 9 years ago

Last Updated: May 11, 2015

MELBOURNE: Woolworths Ltd, Australia's largest supermarket chain, said on Monday, Sept 6 it plans to sell A$900 million (RM2.56 billion) worth of property assets over coming weeks.

The Portfolio consists of more than 30 shopping centres.

Woolworths said it was continually reviewing opportunities for the disposal of property assets amid improving market conditions in the retail sector. There was no urgency to dispose of the portfolio, it said. — Reuters

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