Region Group is looking to divest three Woolworths--anchored, convenience and essential service-based retail properties along the east coast. The three assets, in Victoria and NSW, consist of Wyndham Vale Square in Melbourne's western suburbs; Drouin Central in Melbourne's outer east; and Leura Shopping Centre in the Blue Mountains suburb of Leura. The properties are each in the $20m-$25m price bracket.

JLL's Sam Hatcher, Nick Willis, Stuart Taylor, Tom Noonan, and David Mahood are handling the sales. They each have click-and-collect facilities giving them appeal to last-mile logistics investors. The three assets offer long-term leases to Woolworths, supported by speciality -tenants, and have defensive income profiles.