Australian grocery retailer Woolworths has announced plans to place a portfolio of retail sites, worth over A$900m, for tender as part of a sale and long-term leaseback transaction, report Just-Food and NamNews.
The portfolio consists of more than 30 neighbourhood and sub-regional shopping centres, most of which are anchored by a Woolworths supermarket, Just-Food said.
Some of the properties include Ashgrove Marketplace in Queensland, Carnes Hill Marketplace in New South Wales, and Pakington Strand in Geelong West, Victoria.
Woolworths director of property Ralph Kemmler said: 'The property offers significant diversity in terms of location, excellent demographic profiles and inherent liquidity as a result of the number of centres involved.'
