Adelaide Street Plaza - Woolworths closure

Sirona Capital Statement

4th May 2016.

Sirona can confirm that Woolworths is preparing to close its supermarket in Adelaide Street Plaza in late May and that this is a commercial decision for them. We are pleased that staff who wish to remain with Woolworths will be relocated to stores in the area.

The closure of the supermarket provides Sirona with an opportunity to reposition Adelaide Street Plaza as a commercial and retail facility in city’s CBD with the possibility reworking the retail space for a variety of uses. This may include a smaller grocery and fresh food offering or conversion for medical and ancillary services.

Sirona’s interests in Fremantle include the proposed $220m Kings Square Redevelopment incorporating office, commercial and retail; the new $36.5m Quest serviced apartments in Packenham Street; and the $130m Heirloom apartments.