News: GWA Group sells industrial property

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    GWA Group Limited (ASX:GWA) say they have found a buyer for their Wetherill Park property in Sydney. 
     
    The 8-hectare property has been sold to Charter Hall Core Plus Industrial Fund for $33 million after an extensive sales process.
     
    The complex had been identified as a non-core asset following the closure of the manufacturing facility back in December. Following completion of the sale GWA will lease the premises back for a period of three years. 
     
    The fixture and fittings supplier has been divesting itself of non-core assets and businesses following a strategic review last year. 
     
    GWA Group swung to a net loss of $12.8 million for the first half of the 2015 financial year. 
 
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Last
$2.59
Change
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No. Vol. Price($)
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Price($) Vol. No.
$2.62 218 1
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