Woolworths next strategic move?, page-20

I noticed that but I'm sure that they must of had a contract to lease the properties for some reasonable length of time?

If it's a 25-50 year lease or something of that nature it's a fair chunk of cash.
I don't follow WOW closely so I don't know the set up.

If they could use their millstone and turn a profit it would be easier to on sell was my thought. Empty premises only guarantee the maximum loss possible.

Does anyone know how long WOW has locked in to lease the land? Do they own the buildings? Has management floated any possible ideas as to what, how or if they could exit the leases?

As I said before I drive past these empty money pits all the time like everyone else and I keep thinking about what they will be in the future?

Storage business was the only thing I could come up with. A country wide yoga chain would work but I don't think they would need quite so much floor space

A few Bunnings stores around my way have moved to bigger premises and the old shopfronts have turned into car auction places, they only sat empty for a year or two.

It maybe a stupid question to some that have a good grasp on the company and it's offshoot that hold the land but I would hazard a guess that major WOW shareholders probably hold a good chunk of shares in the company that holds the land as well?

I did buy my fist born 100 shares in WOW when he was born, 154 shares now, that he can cash in to buy a car or pay some uni fees with later on so I do have a little interest in them big empty buildings.