Australian REIT BWP Trust unitholders will vote on a significant restructuring proposal from Wesfarmers Limited at an extraordinary general meeting on 28 July 2025, following the signing of an implementation deed on 27 June 2025.
The proposed transaction comprises three key components: the internalisation of BWP's management functions, a reset and extension of Bunnings Group Limited lease terms within the BWP property portfolio, and store expansion and network upgrade expenditure commitments at certain Bunnings sites.
Related: BWP Trust announces internalisation deal, lease rest, and AUD171 million capital upgrade
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