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Newcastle Council buys Bunnings store in Taree to boost revenue for local infrastructure.
The Newcastle Council in Australia has purchased a Bunnings store in Taree under a 10-year lease to boost its revenue and fund local infrastructure needs.
The acquisition, vetted by the Future Fund Governance Committee after reviewing over 20 properties, aims to accommodate population growth and aging assets.
The council hopes this move will ensure long-term financial stability and growth.
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Newcastle Council compra Bunnings tienda en Taree para aumentar los ingresos para la infraestructura local.