This article is from the Australian Property Journal archive
FIXTURES and fittings supplier, GWA Group, has pocketed $33 million from the sale of its Wetherill Park property in Sydney to Charter Hall.
GWA entered into a sale and leaseback deal with the Charter Hall Core Plus Industrial Fund.
The Wetherill Park property, covering approximately 8ha, has been identified as non-core following the closure of the manufacturing facility in December 2014 and has been the subject of an extensive sale process.
GWA will leaseback the premises from Charter Hall for a period of three years for warehousing purposes.
Australian Property Journal
