Coles to Sell Target Centre, Bourke Street, Melbourne
WESFARMERS owned retail giant, Coles Group, is expected to make about $100 million from the sale of a prominent Bourke Street retail complex in the Melbourne CBD.
Coles will sell the 1982 Target Centre building (pictured, right) with a 20 year lease to Target. The complex also includes speciality retail stores, currently leased to Jetstar and Monash University.
Coles is expected to spend funds raised from the sale into its supermarket operations.
Read more