Kaufland has found buyers for nine Australian properties – today revealing the ASX-listed buyers for two of them. Its portfolio – an unbuilt distribution centre and parcels earmarked for supermarkets – was estimated to be worth $500 million. The Germany based retailer spent more than two years acquiring properties and creating a development pipeline aheadRead more
Qube has pre-committed Woolworths to two automated logistics centres, set to neighbour each other and be connected by an air bridge, in Sydney’s Moorebank. The supermarket giant will occupy one – measuring 40,700 square metres – as its national distribution centre (NDC). A smaller, 34,600 sqm factory will be its regional distribution centre (RDC). “TheRead more
Woolworths has sold another modern shopping centre investment, this time in Sydney’s south west Spring Farm, banking $34.75 million. The buyer is Primewest – which has recently been active in its Perth home-town, spending $75m on Seven Media’s headquarters off market, and $33.1m on a West Perth office. Last August, the purchaser outlaid $44.25m onRead more
Woolworths’ SCA Property Group has banked $9.7 million from a small retail centre in the Southern Highland town of Mittagong, almost halfway between Sydney and Canberra. Mittagong Shopping Village at 126-130 Main Street, but also with frontage to Old Hume Highway and Bowral Road, is trading to a private investor following an off-market campaign. TheRead more
Diversified Melbourne developer Time & Place and Woolworths have partnered to buy a modern Glen Iris office to replace with a mixed-use complex comprising a supermarket and apartments. The 4306 square metre site at 173 Burke Road carried a price guide of c$30 million when it was listed in February. Decades ago the land wasRead more
Woolworths has sold a near-new neighbourhood shopping centre in Melbourne’s south east Keysborough to a local investor for $33.13 million. On a 1.8 hectare site at 217 Chapel Road, at the north east corner of Hutton Road, Keysborough South Shopping Centre contains 5437 sqm of lettable area and 277 car parks. The vendor offered theRead more
Woolworths Group has sold a freestanding new supermarket with a leaseback in Wadalba, on New South Wales’ Central Coast. The $26.15 million deal to a Melbourne investor was struck on a 5.7 per cent yield. It is the first NSW retail transaction to be unconditionally exchanged in the current climate, according to Colliers International whichRead more
A Woolworths leased supermarket in Leongatha, in Victoria’s South Gippsland, sold for $14.3 million at CBRE’s 10th Premium Property Portfolio Auction (PPPA) earlier this month. The 3143 square metre building occupies a 3267 sqm site with 142 car parks at 1-7 Peart Street. Returning annual rent of $761,000 the complex traded on low passing yieldRead more
A Woolworths Metro convenience store at the foot of a modern apartment building, in St Kilda, has sold to a Sydney investor for about $8 million. The supermarket pays annual rent of about $467,000 for the 1574 square metre space at 64 Fitzroy Street. On that basis, the property is trading on c5.8 per centRead more
A Singaporean investor is paying Woolworths $27.3 million for the recently constructed Banksia Grove shopping centre in Perth’s north. The 5721 square metre complex on a 2.5 hectare block at 103 Ghost Gum Boulevard, Banksia Grove, hit the market in February with c$35-million price hopes. The retail investment contains a 3850 sqm supermarket leased toRead more
Another Victorian supermarket-based shopping centre has sold, this time in Curlewis, about 17 kilometres east of Geelong. Bayview Central at 90 Centennial Boulevard was offered in March. It is understood to be selling for about $17 million. Offered by Woolworths, the asset returns annual rent of $1.15 million. A Woolworths supermarket is the anchor tenantRead more
Thirty Big W-occupied stores and two distribution centres will be shut by parent company Woolworths over the next three years. The industrial sites are in Monarto, south-east of Adelaide, which is expected to close in 2021, and in Warwick, in Queensland, in 2023. Details of which outlets will close have not yet been decided. Currently,Read more
Woolworths has leased a double-storey retail space within the landmark Queens Place apartment complex in the Melbourne CBD. Mooted to be Australia’s tallest twin-skyscraper complex when completed in 2020, the development will include two 80-storey towers at the top of town, staring down the Queen Victoria Market. Chinese developer 3L Alliance is building Queens PlaceRead more
Postscript: this site sold to Land Capital in January, 2019, for $51.5 million. Woolworths Limited is selling a strategic development site adjoining the proposed Mernda railway station in Melbourne’s north-east. The 26.4 hectare block, which incorporates the historic Mayfield Farm, is master-planned to become the Mernda Town Centre. Expected to trade for about $50 million,Read more
Woolworths has sold two near new supermarkets in regional New South Wales for a total price of $45.7 million. The assets are selling on a blended yield of 5.7 per cent. Colliers International’s Lachlan MacGillivray, James Wilson and Alex James-Elliott marketed the assets which were both completed in 2016. The largest building by area isRead more
Woolworths has sold a retail complex in Perth’s outer northern suburb of Aveley for $27 million to a private investor. Woolworths Aveley (pictured top, left and bottom) is trading on a market yield of 5.8 per cent. Built in 2016, and with depreciation benefits, the asset was offered with a 12-year lease to Woolworths. AlcoholRead more
Woolworths has assigned the lease of a modern logistics factory in Melbourne – no longer required since the 2016 sale of its Home Timber & Hardware division to Metcash. Two tenants – JTC and Border Express will occupy the 27,900 square metre complex at 98-126 South Park Drive in Dandenong South (pictured, top). “This isRead more
Woolworths will lease what will be the largest supermarket in Melbourne’s Southbank precinct – within the $2.8 billion Melbourne Square project. The configuration of the store – across two levels – is a “first” for a major supermarket chain, according to the agent behind the deal, CRS Commercial principal of major projects, Myles Snow. TheRead more
A NEWLY formed consortium including Woolworths and hotel industry veteran Arthur Laundy have made their first major property play in southern Sydney.
The consortium is reportedly paying $40 million for the Caringbah Inn, at 343 Port Hacking Road and a few kilometres from the bayside suburb of Cronulla.
The pub includes strong food and beverage earnings, poker machines, and a bottle shop which may be rebranded as Woolworths trademark Dan Murphys.Read more
AHEAD of the federal government introducing new gaming regulations, retail giant Woolworths is believed to be in discussions with a burgeoning pub operator, to own a joint venture portfolio which would give it control of even more pokie machines.
It’s reported Woolworths has approached one of New South Wales largest publicans, the Laundy Hotel Group, which owns about 47 hotels and is considering proceeding with a $330 million purchase of another 20 hotels being sold the National Leisure & Gaming and Redcape Property Fund.Read more