1 Jun 2012

Sale and lease back deal announced

12:49 pm on 1 June 2012

The Warehouse plans to sell and lease back four properties, a move it expects to earn it $100 million.

The company says it will sell the sites of three shops and its Wiri distribution centre over the next six months and then lease them back. Sale proceeds will be reinvested in the business.

The properties will be sold by Colliers International.

Shares in The Warehouse were unchanged at $2.52 on Friday.