BWP Trust (ASX:BWP) said unaudited revaluations are expected to result in a net revaluation gain for the six months to Dec. 31 of around AU$156 million, according to a Tuesday Australian bourse filing.

Property revaluations for 16 properties were performed by independent valuers, with the remaining 66 properties subject to directors' revaluations.

BWP completed the sale of the former Bunnings Group Morley property in Western Australia on Dec. 1 to an unrelated third party for AU$19.5 million. BWP completed the acquisition of Morayfield Home Center in Queensland for AU$48 million on Nov. 24 from an unrelated third party. The acquisition consists of a large-format retail center comprising 12,086 square meters of gross lettable area and 320 car bays.