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Sigma Healthcare: Sells two distribution centres for $172M

  • Sigma Healthcare (SIG) has signed the final contracts to sell two of its distribution centres for $172 million
  • The original contract was for a part sale of four distribution centres
  • The centres will be then leased back to Sigma for 15-years, with two five-year options to extend
  • Sigma will keep the ownership of its newly constructed distribution centres in Canning Vale, Western Australia, and Truganina, Victoria
  • Funds from the sale will go towards its net debt, making it than $100 million
  • Final settlement of the deal is expected to be completed by the end of the month
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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