GWA Group Limited
(ASX:GWA) say they have found a buyer for their Wetherill Park property in Sydney.
The 8-hectare property has been sold to Charter Hall Core Plus Industrial Fund for $33 million after an extensive sales process.
The complex had been identified as a non-core asset following the closure of the manufacturing facility back in December. Following completion of the sale GWA will lease the premises back for a period of three years.
The fixture and fittings supplier has been divesting itself of non-core assets and businesses following a strategic review last year.
GWA Group swung to a net loss of $12.8 million for the first half of the 2015 financial year.
