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News: BWP Bwp Trust Announces Property Divestment In Wollongong

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    Oct 9 (Reuters) - BWP Trust (BWP) :

    • PROPERTY DIVESTMENT - WOLLONGONG
    • EXECUTION OF CONTRACT OF SALE WITH UNRELATED THIRD PARTY FOR DIVESTMENT OF TRUST- OWNED EX-BUNNINGS WAREHOUSE PROPERTY AT WOLLONGONG
    • DIVESTMENT FOR A$40 MILLION
    • PROCEEDS FROM DIVESTMENT EXPECTED TO INITIALLY BE APPLIED TO REDUCE DRAWN DEBT
    • PROPOSED DIVESTMENT IS UNCONDITIONAL WITH SETTLEMENT EXPECTED TO OCCUR IN JUNE 2024
 
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