Kaufland recoups $29.7m selling two Victorian sites to Aventus, Woolworths

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 ahead

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Qube pre-commits Woolworths to neighbouring distribution centres at Moorebank Logistics Park

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). “The

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Singaporean investor pays Woolworths $27.3 million for Banksia Grove shopping centre

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 to

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Woolworths leases double-storey supermarket in landmark Queens Place towers

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 Place

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Woolworths set for $50 million payday offloading Mernda Town Centre

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,

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Woolworths leases what will be the largest supermarket in Melbourne’s uber-dense Southbank

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. The

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Woolworths and Laundy Make Caringbah Pub Play

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.

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Woolworths, ALH, Move to Gain Control of Even more Poker Machines with Laundy Group JV

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.

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