In a bid to reduce debt, listed property trust Macquarie CountryWide Trust has offloaded two Australian property assets from its portfolio for $12.6 million.
The supermarkets in Queensland and Victoria were sold to two different private investors, the property trust said.
"We have been pleased with the prices achieved relative to our book value on the Australian assets sold," Macquarie CountryWide Trust chief executive Steven Sewell said.
The property trust has also finalised the sale of four assets from its United States portfolio for $70.6 million.
The sale of the properties was made to US real estate firm Inland Real Estate Acquisitions, which has already purchased seven properties from the property trust.
"Looking ahead, we continue to work towards securing disposals of properties, reducing our exposure to offshore markets, reducing gearing levels and refocusing the portfolio on the Australian and New Zealand markets," Sewell said.
