Warehouse to sell, lease back about $100M of property

Thu, 31 May 2012

June 01 (BusinessDesk) - Discount retailer Warehouse Group said it plans to sell three stores and its Wiri distribution centre on a sale and leaseback basis for about $100 million through Colliers International. It expects the sales process will be completed during the next six months and the long-term leases offered “reflects the importance of these properties to the Warehouse's ability to grow revenue and satisfy our customers for many years into the future.” “The Warehouse regularly reviews its property holdings to determine whether to ow...

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