3DG HOLDINGS (ASX: 02882) has announced that its Australian subsidiary, acting as the tenant, has accepted and signed a lease proposal for a property. The lease term is set for five years, commencing from October 5, 2026, or the opening date, whichever is earlier, and concluding on October 4, 2031, or the date that marks five years from the opening, whichever comes first.
The property in question is Shop 452, Westfield Chatswood, located at 1 Anderson Street, Chatswood, New South Wales 2067, Australia.
This move is part of the group's strategy to enhance operational efficiency and achieve related strategic objectives. The company plans to expand its distribution network across the Asia-Pacific region. It is anticipated that by proactively expanding its network and integrating this with other business strategies, the group will benefit from economies of scale.