Brief: Bwp Trust Announces Property Divestment In Wollongong

BWP Trust

09/10/2023 10:58

Oct 9 (Reuters) - BWP Trust  BWP.AX :
    * 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

Source text for Eikon:  ID:nASX8ppFBq 
Further company coverage:  BWP.AX 

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