Property play: Woolies extends warehouse lease derailing billionaire’s $155m deal

A $155 million deal for billionaire Harry Stamoulis' Woolworths distribution center in Mulgrave has stalled as Woolworths opted to extend its lease. The site, spanning 68,144 square meters, was intended for redevelopment into a last-mile logistics center by Elanor Investors and PGIM Real Estate. The firms face delays as Woolworths utilizes its lease options, impacting their plans.

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