Charter Hall acquires $353M Bunnings portfolio

Charter Hall Long WALE Hardware Partnership has acquired a $353 million portfolio of six Bunnings stores located in prime metropolitan markets across Australia. The Charter Hall platform now have in excess of $2.4 billion invested in 59 Bunnings stores. Read More

Wesfarmers online sales grow to $2.1B

Wesfarmers, the owner of Kmart, Bunnings, Officeworks, online marketplace Catch, and Target has reported a 60 per cent growth in online sales to $2.1 billion this year, reflecting continued shifts in customer shopping preferences to digital, click and collect and contactless options for retail products. Read More

Wesfarmers snaps up six

Sydney-based private equity group Gresham Partners, controlled by Wesfarmers, is spending about $200 million on six family-owned transport and logistics businesses around the country, which it will consolidate into a larger outfit to be called Silk Logist
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