Posts Tagged ‘Woolworths’

ASX Company News: Diploma Group Secures $45 Million Shopping Centre Contract

Sunday, December 4th, 2011

Diploma Group Limited (DGX) is pleased to confirm the formal award of the Design & Construct Contract from Woolworths Limited for the redevelopment of the $45m Kwinana Hub Shopping Centre.

On 21 November 2011, the Company announced it had received a Letter of Intent from Woolworths Limited for the award of the contract. The Design & Construct contract comprises major refurbishment and new extensions to the existing centre.

On completion, the centre will comprise of Woolworths, Big W, IGA, Dan Murphy’s and various speciality tenancies on the site.  Early works have already commenced on site with completion expected by late 2012.

This now brings the value of contract awards in FY12 to $88m with the company still awaiting the outcome of approximately $163m worth of external contracts.

www.diploma.com.au

http://www.traderdealer.com.au/fundamentals/dgx

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ASX Company News: Charter Hall Retail Acquires Woolworths Shopping Centres

Wednesday, May 18th, 2011

Charter Hall Retail REIT (CQR)  announced that in joint venture with Telstra Super, one of Australia’s largest superannuation funds, it has executed contracts to acquire eight neighbourhood and sub-regional shopping centres from Woolworths Limited (‘Woolworths’) for a total consideration of $266 million.

The acquisition is consistent with the REIT’s strategy of reweighting to Australia, enhancing income security and growth through investing in quality grocery anchored neighbourhood and sub-regional shopping centres.

The portfolio comprises six neighbourhood and two sub-regional shopping centres, all developed by Woolworths between 1999 and 2009 and all anchored by a full line Woolworths supermarket. In total, Woolworths’ businesses (including supermarkets, Big W discount department stores, Dick Smith Electronics, Woolworths Liquor and Dan Murphy liquor outlets) account for more than 51% of the portfolio’s annual base rent. Net operating income for the 2012 financial year is forecast to be approximately $21.33 million, using externally verified sales forecasts for the anchor tenants.

The portfolio fundamentals are solid with occupancy at 97.6%, a weighted average lease expiry (WALE) of 15.8 years and average annual rent reviews of 4.3% for the 189 specialty tenancies. The anchor tenant WALE is 27.2 years, with the supermarkets each having a new lease term of between 20 and 30 years. The average specialty base rental rate is $728 per square metre and occupancy costs are below benchmark levels for this category of retail asset at 9.7%.

www.charterhall.com.au

http://www.traderdealer.com.au/fundamentals/cqr

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Dividends: Woolworths Ex Dividend On 21/3/2011

Friday, March 18th, 2011

Woolworths Limited (WOW) will go ex dividend on 21/3/2011. The current dividend payment is 57 cents and it is 100% franked. The record date is 25/3/2011 and the dividend will be paid on 29/4/2011. Based on the full year payment the dividend yield is 4.4%.

*Current Yield: 2.1% Franking: 100% DRP Discount: 0%

Woolworths Limited

*Yield has been calculated on the closing price on the 14/3/2011. Current yield is based on the current dividend payment only.

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ASX Company News: Charter Hall Group Acquires Woolworths Distribution Centre

Tuesday, September 28th, 2010

Charter Hall Group (CHC) is pleased to announce that its flagship industrial wholesale fund, Core Plus Industrial Fund (CPIF) has agreed to acquire a new Woolworths Regional Distribution Centre in Tasmania for $75 million.

Construction is due to commence in October 2010 and the Centre will comprise approximately 46,000 square metres of state-of-the-art logistics space. The facility will be developed by Woolworths Limited who will lease the premises for 25 years from completion, anticipated to be late 2011. The facility will be operated by Statewide Independent Wholesalers Limited and will service 28 Woolworths supermarkets, 19 BWS stores and 208 independent retailers throughout Tasmania.

The property was purchased on an initial yield of 8.6%. The guaranteed fixed annual rental increases of 2.8% will further anchor CPIF’s solid long term rental escalations generated from a portfolio that will now boast a 12 year weighted average lease expiry (WALE). The acquisition will be funded via a combination of debt and equity, with equity drawn from the proceeds of the Fund’s recent successful equity raising, which has secured approximately $75 million from both domestic and global investors. Charter Hall is confident of securing further equity for the Fund as its capital raising continues towards its $150 million target.

David Harrison, Joint Managing Director said: “This significant off market transaction further demonstrates the strength of the Group’s relationships with major corporate companies such as Woolworths. We continue to source quality long WALE assets to further diversify what is a pure logistics fund designed to maximise NTA and income growth and avoid lease expiry downtime and capital expenditure. “We are also pleased to welcome a new major Australian superannuation fund and London-based pension fund as investors onto the CPIF register and look forward to welcoming several new investors in coming months as CPIF expands further,” Mr Harrison added.

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth, Adelaide and Chicago. Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust, which own and/or manage over $10 billion in real estate assets.

www.charterhall.com.au

http://www.traderdealer.com.au/Fundamentals/chc

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Dividends: Woolworths Ex Dividend On 13/9/2010

Monday, August 30th, 2010

Woolworths Limited (WOW) will go ex dividend on 13/9/2010. The current dividend payment is 62 cents and it is 100% franked. The record date is 17/9/2010 and the dividend will be paid on 15/10/2010. Based on the full year payment the dividend yield is 4.1%.

*Current Yield: 2.2% Franking: 100% DRP Discount: 0%

Woolworths Limited

*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.

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Woolworths Ex Dividend On 22/3/2010

Tuesday, March 9th, 2010

Woolworths Limited (WOW) will go ex dividend on 22/3/2010. The current dividend payment is 53 cents and it is 100% franked. The record date is 26/3/2010 and the dividend will be paid on 23/4/2010. Based on the full year payment the dividend yield is 3.9%.

*Current Yield: 1.9% Franking: 100% DRP Discount: 0%

www.woolworthslimited.com.au

*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.

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Woolworths considering a National Leisure offer

Tuesday, December 8th, 2009

There’s been talk for a while of Tabcorp considering a bid for pub operator National Leisure & Gaming, and now Woolworths is thought to be lining up too.

According to the AFR Woolies is currently conducting due diligence on National Leisure’s accounts. And there may be other companies and a private equity group also showing interest.

The NAB has recently dropped a court action which would have prevented NLG from selling a handful of assets.

Woolworths
ASX Code: WOW

National Leisure & Gaming
ASX Code: NLG

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ACCC's concern over Woolies' hardware plans

Monday, October 19th, 2009

Yesterday the ACCC announced it would be extending its inquiry into Woolworths‘ venture into the hardware market through the acquisition of Danks Holdings.

The consumer watchdog’s concern is focussed on the likely reduction in the number of wholesale suppliers and how this might reduce competition at a retail level.

The board of Danks is expected to release a statement to the market, addressing the matter. Both Danks and Woolworths are submitting further data to the ACCC to support their bid.

The ACCC is scheduled to release its findings on November 11.

Woolworths
ASX Code: WOW
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Woolworths Ex Dividend On 7/9/2009

Monday, September 7th, 2009

Woolworths Limited (WOW) will go ex dividend on 7/9/2009. The current dividend payment is 56 cents and it is 100% franked. The record date is 11/9/2009 and the dividend will be paid on 9/10/2009. Based on the full year payment the dividend yield is 3.6%.

Current Yield: 2.0% Franking: 100% DRP Discount: 0%

www.woolworthslimited.com.au

*Yield has been calculated on the closing price on the 4/9/2009. Current yield is based on the current dividend payment only.

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