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Waypoint REIT Announces Regarding Portfolio Transaction - Asset sales

27 Apr 2022  |  10:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Portfolio Transaction - Asset sales

Waypoint REIT announced the sale of 29 assets to Fawkner Property and associated entities (Fawkner) for a total purchase price of $141.8m, in line with its carrying value as at 31 December 2021. The Fawkner transaction is subject to Rights of First Refusal (ROFR) in favour of Viva Energy Australia (VEA) and Coles Group (Coles), which provide a period of 30 days in which VEA or Coles can elect to acquire any of the properties on the same terms as agreed with Fawkner.

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