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- 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
