Coles

The Coles at Kedron in Brisbane’s northern suburbs is now officially most expensive standalone supermarket ever purchased in Queensland.

Coles is capitalising on strong demand for shopping centres, adding a Queensland complex to its roster of sales that have seen it reap close to $100 million in recent months.

Coles Group has sold its freestanding Drysdale supermarket for more than $23 million less than two years after the doors first opened.

The robots are coming to supermarket operator Coles.

Australia’s top supermarket for customer satisfaction has been revealed. And the result might surprise you. Foodland has taken the title for the third month straight, edging out German import Aldi in the happy customer stakes. …

A site leased to Bunnings, three supermarkets, two service stations and a Harvey Norman outlet are among a deep list of properties that will go under the hammer as commercial agency Burgess Rawson celebrates its 125th investment portfolio auction.

The Singapore-listed Mapletree Logistics Trust is close to lifting its portfolio in Australia to 10 assets with the purchase of a prime Coles distribution centre for about $100 million.

Properties with leases to major supermarket chains are about as prime as it gets in the commercial property market.

Coles is set to expand its store network once the supermarket giant demerges from parent Wesfarmers, citing the tailwind of population growth, which reached 1.6% nationally last year.