Big Box Retail

Another high-profile backer has joined the consortium of wealthy families that bought the Masters business for a bargain $730 million from Woolworths and estranged partner, US hardware giant Lowe’s. This article originally appeared on theaustralian.com.au/property.

Supermarket giant Lidl won’t be taking on Coles, Woolworths and Aldi in Australia any time soon, an industry expert says, despite rumours the German discounter had been planning an invasion.

Supermarket heavyweight Coles has sold a newly developed shopping centre at Coburg in Melbourne to a locally-based private investor.

The local boss of discount supermarket Aldi has mixed news for Australia’s leading super­markets Woolworths and Coles. This article originally appeared on theaustralian.com.au/property.

A new Bunnings Warehouse still months away from being completed in regional Victoria will be the first Bunnings to be owned by a Chinese investor, after selling on a record yield.

Bunnings will leave seven of its stores to swoop on sites previously occupied by Masters, as the fallout from Masters’ failed home improvement division continues.

Woolworths’ ill-fated foray into Australia’s home hardware market will come to an end on December 11, with the retail giant’s hardware stores to be sold and turned into large format retail hubs.

A Bunnings Warehouse and a fleet of petrol stations owned by independent fuel retailer United are the prized picks at the latest Burgess Rawson auctions.

German supermarket giant Aldi will exit the Gold Coast’s Easy T shopping centre this month after owner Clarence Property signed an independent IGA operator to a 15-year lease.