BWP Group Stappled Unit (BWP Trust & BWP Property Group Shares)

BWP: XASX (AUS)
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BWP: Corporate Action - Vote in Favor of Management Internalization

BWP Trust proposes to internalize management. It will pay AUD 143 million comprising cash and scrip to current manager Wesfarmers, which is also the owner of key tenant Bunnings. At the same time, BWP has agreed with Bunnings to extend leases and upgrade five properties.

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