Primewest (ASX:PWG) announced the addition of two new shopping centres to its newly introduced Australian Daily needs / neighbourhood retail property trust.
The company has purchased two Woolworths-anchored centres from Charter Hall in Pemulwuy and West Ryde, NSW, after its current purchase of the Spring Farm Shopping Centre south of Sydney.
Primewest has track record in the retail sector with over A$1 billion worth of daily necessities convenience centre assets throughout Australia.
By the market closure on 3 July 2020, PWG shares closed at A$1.130, up 3.67% from the previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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