Coles banks c$35m from Boronia retail assets
Coles Group has offloaded two pieces of the Boronia Mall, in Melbourne’s east. One investor is paying a price speculated
Read moreColes Group has offloaded two pieces of the Boronia Mall, in Melbourne’s east. One investor is paying a price speculated
Read moreEXCLUSIVE Coles has successfully auctioned a high-profile former used car dealership in Melbourne’s Gardenvale. A developer fought three underbidders to
Read moreColes can expect to bank more than $30 million selling two neighbouring strata titled retail assets within the Boronia Mall,
Read moreEXCLUSIVE Coles is selling a high-profile development site in Melbourne’s exclusive Gardenvale. The former car rental yard at 203-207 Nepean
Read moreColes Group has sold a two-year old supermarket in a growth corridor midway between Brisbane and the Gold Coast. The
Read moreDexus has secured three major tenants at is Foundation industrial estate in Truganina, west of Melbourne. Dunlop Flooring has leased
Read moreEXCLUSIVE The Saristavros family – founder of the Black Swan dip brand – has banked $7.38 million from a strata-titled
Read moreColes Group has sold a recently completed shopping centre in Melbourne’s north for a price understood to be more than
Read moreA Coles Local concept store more than two years in the making opened this week in Melbourne’s Surrey Hills. The
Read moreMapletree Logistics Trust has finalised the purchase of a Coles distribution centre, in Brisbane, for c$102 million. At that price,
Read moreColes Property Group is selling another neighbourhood shopping centre with a leaseback. Aurora Village in Epping, in Melbourne’s north, is
Read moreWESFARMERS 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 moreTWO of Australia’s largest conglomerates have quietly circulated industrial leasing requirements seeking new, supersized Melbourne factories.
In the biggest tenancy request, the Wesfarmers owned Coles Group, from Perth, is looking for a purpose built office warehouse of close to 80,000 square metres – or almost the same size as the Rialto towers, by floor area.
Coles, which last month reported more than triple the quarterly sales growth of rival, Woolworths, will consider sites all over metropolitan Melbourne for its new major distribution centre.
Read moreWESFARMERS owned Coles Group is speculated to be paying around $13 million for an as-yet-undeveloped, approximate 4200 square metre supermarket in the ritzy Bay Street, Brighton retail strip.
Sources say Coles is purchasing the space off ASX listed Abacus Property Group, which is proposing a mixed use village for the site on the south-west corner of Male Street.
The property, for a couple of years now a block of dirt behind a fence, was earmarked for a $38 million office and retail complex, however it’s understood a new complex with a residential component is now proposed.
Read moreCOLES Group Property Developments is understood to have paid about $6 million for a major retail development site in Coburg.
The 1.75 hectare property at 180 – 196 Gaffney Street also has access to Sussex, Lens and Marion streets – making it a prime site for a mixed use project including apartments and offices, as well as a supermarket-based shopping centre.
The site is currently a collection of industrial warehouses spread across fifteen titles.
Read moreState Melbourne member Bronwyn Pike on Saturday opened a $40 million shopping centre, developed by Coles on a former
Read moreSUPERMARKET giants Coles and Woolworths have not yet responded to the Australian Competition and Consumer Commission, regarding claims they restrict competition by blocking rival supermarkets opening nearby. The ACCC uncovered the potential breaches of the Trades Practices Act as part of the 2008 grocery inquiry.
Coles has not responded to repeated requests by the ACCC, while Woolworths is referring its question to the National Retailers Association, a Woolies spokeswoman telling the AFR “We’re not going to be commenting and we’re referring all comment to the retailers’ association…because this is regarding retailers’ leases and there are many retailers.”
Read moreSALTA Properties is continuing to dispose of major properties, this time putting a massive 44,000 square metre Coles distribution facility up for sale.
The two year old Altona North building is leased to Coles until 2017, and is expected to sell for about $32 million, reflecting a 8.75 per cent yield, based on the building’s current annual rental income of $2.8 million.
Coles supermarkets property development arm has commenced construction of a $40 million neighbourhood shopping centre in Melbourne’s inner-city.
Read moreSacked Coles executive Peter Scott won’t have any trouble paying his upcoming legal bills, after offloading his historic Brighton pad for $5.4 million.
Read moreStockland is selling Chris Lock’s IP Generation a regional New South Wales shopping centre it developed 28 years ago. Worth
Read moreCenturia has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
Read moreVicinity is selling another sub regional Perth shopping centre, this time in the north east. Maddington Central is speculated to be
Read moreA Smorgon family arm will bank just over $21 million from a Woolworths-backed mall held for over 50 years in
Read moreCharter Hall has sold Mackay’s recently refurbished Sydney Street Markets to Augustine Property, off market. The $43.5 million price falls
Read moreMelbourne fund manager IP Generation is believed to buying a half stake in Modbury’s Tea Tree Plaza – the largest
Read moreChris Lock’s IP Generation is buying another under-utilised land rich retail asset, this time a discount factory outlet in the
Read moreA double fronted retail investment near the billion-dollar plus Indooroopilly Shopping Centre has traded for $4.85 million. Despite the relatively
Read moreCFMG Capital, directed and chaired by Cromwell co-founder Ross Stiles, has bought the last piece of a former high profile
Read moreRevelop has snapped up a northern beaches strata shopping centre from Stockland – outlaying $155 million. Now expected to be
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