• Unconditional contract of sale executed for $86.025 million
• Sale price represents a 1.1% premium to fair value
• Extended settlement maintains FY2026 distribution guidance

BWP Trust has executed an unconditional contract of sale with a wholly owned subsidiary of Centuria Capital Group (ASX: CNI) to sell the Chadstone Homeplus Homemaker Centre, Victoria for $86.025 million. This sale price represents a 1.1 per cent premium to the fair value of $85.1 million as at 31 December 2025. Following the recent Bunnings lease extension to 31 July 2030, the Trust's management undertook an extensive review of the property, resulting in a public sales campaign with compelling offers being made by several national investors. The divestment is considered to be in the best interests of securityholders and reflects BWP's strategic focus on portfolio renewal. The transaction demonstrates BWP's ability to leverage its asset management capability by extending the property's weighted average lease expiry to maximise asset value. The sale price of $86.025 million represents a realised internal rate of return of 15.21 per cent since the property's acquisition in 2024 as part of the Newmark portfolio of nine assets. The proceeds from the divestment will initially be applied to reduce drawn debt, and settlement is anticipated in June 2026.