Supermarket

A visit to the grocery store is becoming quite a different experience as supermarkets use ‘retail boredom’ to push their offering to the next level.

Skyrocketing interest rates, reduced borrowing capacities, softer price growth and limited supply are seeing some residential real estate investors jump into the commercial space – and some deals offer a licence to print money.

Premium fresh food centre Harris Farm Clayfield, which nets circa $1m off its popularity with some of Brisbane’s most affluent families, is set to go under the hammer within weeks.

Grocery delivery start-ups are waging a war with the supermarket giants via mobile phones, but it’s a David and Goliath battle to win the hearts – and wallets – of Aussie shoppers.

Neighbourhood shopping centres are still trading at a brisk pace with big players like Woolworths and Charter Hall cashing in on the strong market.

A newly-renovated Coles supermarket is expected to appeal to investors, including those interested in the store and wider site’s future potential.

Coles has exited the fuel and convenience game to focus on its core and more profitable groceries arm, transferring $816m of leases off its balance sheet.

A highly-prized Coles supermarket is tipped to sell for about $30 million and attract strong interest from private investors looking for a hedge against inflation.

A freestanding Coles supermarket in the upmarket Melbourne suburb of Camberwell has hit the market as investors continue to seek out pandemic-proof essential retail assets.