Business Spectator / Australian Financial Review - February 13, 2008
A portfolio of five supermarkets will be auctioned in Melbourne in late February 2008. Three Woolworths supermarkets in three states and two Coles supermarkets in New South Wales comprise the $A50 million portfolio. The properties will be offered for sale and leaseback on terms of up to 60 years. Capitalisation rates are forecast to soften in 2008, but investors continue to have confidence in quality properties with secure leases.
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