Landlords could tie up Masters sale

SYDNEY — Owners of Masters Home Improvement sites are up in arms over the Home Consortium’s $800 million bid for its properties, which they say would wrest control of their holdings from them. The Age reports that several landlords are aggrieved with Woolworths over the inclusion of 21 leasehold properties in the deal, and at least one has already issued a breach notice, with others likely to follow. “It’s not necessarily going to be easy to re-lease our property but there might be an opportunity to,” one landlord said on condition of anonymity. “We are not 100 per cent sure we can have that conversation at the moment.”