Aug 8 (Reuters) - Woolworths Holdings Ltd WHLJ.J
* Sale of Market Street property in Sydney and relocation of David Jones head office WHLJ.J
* Up to A$200 million (R2.1 billion) of sale proceeds will be used to develop adjacent Elizabeth Street building to create a 39,000 sq. metre department store on 11 levels
* Company expects co-location to deliver synergies and productivity benefits of at least A$10 million per annum from 2019
* Board announces A$360 million (R3.8 billion) sale of its Market Street property in Sydney to Australia's Scentre Group
* Has also worked closely with Victorian Government to structure a range of incentives to offset cost of re-location Source text for Eikon: Further company coverage: WHLJ.J