Woolworths plans to offload property
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Woolworths Ltd, Australia's largest supermarket chain, said today it plans to sell A$900 million ($NZ1108.3 million) worth of property assets over coming weeks.
The Portfolio consists of more than 30 shopping centres.
Woolworths said it was continually reviewing opportunities for the disposal of property assets amid improving market conditions in the retail sector. There was no urgency to dispose of the portfolio, it said.
Woolworths has significant holdings in New Zealand.
- AAP
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