Supermarkets giant Woolworths has placed two supermarket sites in Western Australia on the market, part of a national portfolio of neighbourhood shopping centres collectively valued at $180 million.
Commercial agency CBRE has been appointed to sell the portfolio, with the WA assets comprising a supermarket development site at Mandurah and a recently completed store in Dalyellup.
The other properties are completed and partially completed centres in the Northern Territory, Queensland and Victoria.
All of the assets are subject to 20-year lease back agreements with Woolworths, with the leasing profiles on the support tenancies also strong.
Expressions of interest close on November 26.
“The current market for retail investments is the strongest we have seen for over a decade,” he said.