Market Chatter: Wesfarmers Eyes Disposal of Bunnings Properties

MT Newswires Live

May 07, 2025

Wesfarmers (ASX:WES) is selling six properties of Bunnings Warehouses worth roughly AU$300 million to an unnamed investor to capitalize on the increased demand for retail assets, The Australian reported Wednesday, citing sales documents.

CBRE is handling the off-market offer for the assets within the BPI No 1 Pty Ltd property structure. The Australian report said the freehold portfolio comprises about 85,000 square meters of gross lettable area and spins off a net passing income of about AU$14.9 million.

Bunnings confirmed to The Australian that a sale process was underway. It did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The Australian report said the freehold portfolio comprises about 85,000 square meters of gross lettable area and spins off a net passing income of about AU$14.9 million.</p><p>Bunnings confirmed to The Australian that a sale process was underway. It did not immediately respond to a request for comment by MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533611032","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533611032","pubTimestamp":1746583045,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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