By James Atkinson

Woolworths this week confirmed it is investigating options to divest a further part of its property holdings in hotels and co-located liquor stores.

The retailer and publican said these options include single property sales, portfolio property sales and the creation of separate vehicles to own the assets.

"Any divestment would involve the relevant Woolworths group business retaining operational control of the properties through a leasehold interest in the relevant premises," the company told the ASX.

"While Woolworths continually looks at options, no decision has been taken on the divestment… at this stage."

"Any decision Woolworths makes will be shaped by the objective of delivering value to our shareholders," Woolworths said.

The Shout Team

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1 Comment

  1. So, a potentially cashed up Woolworths with plenty of funds to increase their stake in the On and Off premise trade that they are already so dominant in.
    Watch this space.

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