Woolworths to Sell $100 Million in Australian Property Assets

SUPERMARKET giant Woolworths will try to sell more than $100 million in assets for sale, as it prepares to ramp up its resources for its new Australian hardware sector partnership with US-based Lowes Group.

Woolworths has listed for sale sell three shopping centres, including Sydney's Thornleigh Marketplace and Pemulway Marketplace - expected to reap about $50 million combined - and one in Queensland's Caloundra.

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Posted originally: 2009-09-02 17:59:00

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