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Growthpoint offloads Woolies as Ascot Capital snaps up $32m portfolio

People & Companies / Latest News

Australia

Oct 03 2017

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Simon Johanson, The Sydney Morning Herald

Growthpoint Properties Australia has moved to offload Woolworths' Victorian distribution centre and head office in Melbourne's eastern suburbs.

The move to sell Woolworths' Mulgrave distribution facility and Victorian head office will unlock up to $100 million in capital for Growthpoint and give buyers access to one of Melbourne's largest potential infill redevelopment sites.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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