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Bunnings swoops on four ex-Masters stores


Bunnings is seeking planning approval to rebrand four of the empty Masters stores in Western Australia, while a fifth is likely to be converted into a shopping centre.

The failed chain finally closed 63 of its stores in December and it was no surprise that Bunnings, the No.1 home improvement retailer in Australia moved in to take some sites.

So far, four ex-Masters stores have received the necessary council approval to be converted into Bunnings Warehouses, including those in Baldivis, Landsdale, Bayswater and Mandurah.

Bunnings property general manager Andrew Marks said the stores were four out of a total of fifteen Masters stores it was interested in acquiring nationally. He said "The conversion of these sites into Bunnings Warehouses is pending the Home Consortium agreement with Woolworths Limited which is subject to the consent of Lowe's Companies, Inc".

Source: Insight DIY News

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09 February 2017

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