Foster's completes sale and lease-back of Abbotsford properties

Foster's Australia Limited (Foster's) today completed the sale of a portfolio of properties for $41 million to a joint venture comprising DPF, a managed fund of Charter Hall Ltd and the Wyllie Group.

The sale includes a portfolio of 10 properties adjacent to the Abbotsford brewery site, comprising administrative buildings, carparks and a visitor centre.  A lease back of the properties has been agreed with an initial ten year term with subsequent five and seven year options.