Region. Shopping centres for sale

Woolworths will sell and lease back the Carnes Hill Marketplace, at Horningsea Park, in south-west Sydney, and the West Ryde Marketplace, as two of the 30-plus centres to be offloaded in a $900 million-plus portfolio, after unsuccessfully sounding out potential investors in the portfolio. The retailer hopes to sell the portfolio in one line. Woolworths sold its head office, at Norwest, in 2004, and 11 distribution centres, in 2006, to a consortium led by Lend Lease for $846 million. The retailer owns more than 1000 properties nationally and last year sold about $100 million of centres and service stations.