http://www.news.com.au/business/woo...es/story-e6frfm1i-1225914885488?area=business
Maybe a good opportunity for the commercial buyers out there...
Maybe a good opportunity for the commercial buyers out there...
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
http://www.news.com.au/business/woo...es/story-e6frfm1i-1225914885488?area=business
Maybe a good opportunity for the commercial buyers out there...
http://www.news.com.au/business/woo...es/story-e6frfm1i-1225914885488?area=business
Maybe a good opportunity for the commercial buyers out there...
the problems that these type of neighbour centres have
Got any really nitty gritty details chilliblue ??
Not looking for glossy summaries or overviews.....after the hard core detailed stuff.
probably at the top of the list
- Tenants not paying rent
Got any really nitty gritty details chilliblue ??
Not looking for glossy summaries or overviews.....after the hard core detailed stuff.
.......and seeing where there money does best in.
i was reading on morningstar that woolies are happy to keep them until they get good price.
A sell off of 900 mill in property from such a strong company obviously has had some close consideration
Regards,
RH
Or adding a lot more liquor shops, pubs and clubs with lots of pokie machines to the portfolio which is where the bulk of their money comes from.
It is scary when people think there primary business is the supermarkets.
Pubs and clubs are like the thorn of Woolies.
Looking @ the 2010 end of year statement
Total group sales: $51.4bn
Total sales from pubs/hotels: $1.012bn
So Hotels compromise 1.97% of total group sales.
So i wouldn't consider the "bulk" being 2% of sales the main money driver of the business. Their primary business is supermarkets and they do supermarkets very well
Pubs and clubs are like the thorn of Woolies.
Looking @ the 2010 end of year statement
Total group sales: $51.4bn
Total sales from pubs/hotels: $1.012bn
So Hotels compromise 1.97% of total group sales.
So i wouldn't consider the "bulk" being 2% of sales the main money driver of the business. Their primary business is supermarkets and they do supermarkets very well
Nothing I can release without being slapped a lawsuit.
Unfortunately you are under estimating that sheer buying power that their are able to attain buy holding those assets - not to mention the landholdings.
That is the reason that commenced buying pubs and clubs.