Woolworths Pays $21 Million For North Melbourne Development Sites

The acquisition, reported in the AFR, is the latest in a string of property purchases by Woolworths since the economic downturn. Woolworths recently lodged plans to build a 13-level, 165-unit complex in Prahran, on the other side of the Melbourne CBD.

The Wesfarmers controlled Coles group have also been active purchasers of land nationally.

 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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