- Release Date: 24/04/13 13:25
- Summary: ASSET: WHS: Sale of Silverdale Centre
- Price Sensitive: No
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WHS 24/04/2013 11:25 ASSET REL: 1125 HRS The Warehouse Group Limited ASSET: WHS: Sale of Silverdale Centre THE WAREHOUSE GROUP LIMITED Sale of Silverdale Centre Following the marketing of the Silverdale Centre, announced on 8 March 2013, The Warehouse is pleased to advise that it has entered into unconditional contract with DNZ Property Fund to sell the Silverdale Centre. The recently completed shopping centre has over 23,000m2 of fully leased area on leases to a range of tenants including The Warehouse, Warehouse Stationery and Noel Leeming. Settlement of the sale is expected to be completed on 1 July 2013. Once completed this sale is expected to realise gross proceeds of $78 million. The sale proceeds will be reinvested in the business in line with the priorities identified in the company's strategic plan. ENDS Contact details regarding this announcement: Stephen Small Chief Financial Officer Cellphone: +64 21 714 159 End CA:00235497 For:WHS Type:ASSET Time:2013-04-24 11:25:33
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Ann: ASSET: WHS: Sale of Silverdale Centre
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