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Bunnings sells four warehouses to CBRE for $180m


Simon Johanson, The Sydney Morning Herald

Hardware giant Bunnings has sold four newly-built stores to CBRE Global Investors in a $180 million transaction that recalibrates values in the sought-after sector.

The Wesfarmers-owned hardware chain struck a deal on a low 5 per cent blended-yield to offload stores in Windsor Gardens in Adelaide, the Auckland suburb of New Lynn and the Sydney suburbs of Caringbah and Bonnyrigg.

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

The Sydney Morning Herald
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