Supermarket

Supermarket giants Coles and Woolworths have introduced new trading hours during Melbourne’s Stage 4 coronavirus restrictions.

A major Perth supermarket site has been snapped up for $15.5 million, flagging the local market is improving, agents say.

Woolworths is set to build a new supermarket in Glen Iris, following the sale of a prominent commercial site currently home to household name Arnott’s Biscuits.

German retailer Aldi has sold off four distribution centres for $648 million in one of the biggest industrial deals of the year.

More than $1bn worth of property sale and leaseback deals are in train as investors chase the safe haven offered by logistics and industrial property even amid concerns about a broader slow down in commercial real estate.

The owners of a Hamlyn Heights supermarket burnt down in a deliberately-lit fire will rebuild their store in its entirety after a recent property deal.

German hypermarket chain Kaufland is looking to sell off a slab of its property empire as it hastens its exit from Australia, with the company asking real estate agencies for advice on disposing of nine key sites along the eastern seaboard.

Costco is set to ramp up it’s Australian retail offering with the launch of online shopping and delivery.

German supermarket discounter Kaufland’s shock decision to abandon the Australian market – quitting before opening a single store, after devoting almost $500 million to the launch – is a positive for the grocery sector, with Coles and Metcash the biggest winners as they were viewed as most likely to lose market share to the foreign entrant.