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Woolworths improves its Australian debt with building sale
Woolworths, owner of Australian clothing chain David Jones, has sold its flagship Sydney store for a maximum of R5.6bn
22 December 2020 - 14:11 Katharine Child
David Jones Elizabeth Street store. Picture: SUPPLIED
Woolworths has managed to negotiate new debt agreements in Australia, reducing the risk its borrowings once posed to its SA business. This comes after it sold a second property in Sydney 
Woolworths, owner of Australian clothing chain David Jones, has sold its flagship Elizabeth Street store in Sydney for a maximum of A$510m (R5.6bn) and will remain a tenant in the building for at least 20 years. ....

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