Woolworths

A Woolworths in a prime inner Melbourne location is up for sale, offering investors a chance to secure a pandemic-proof supermarket on a large landholding with development potential.

Two highly-prized suburban supermarkets – a Woolworths and a Coles – have hit the market amid a growing investor appetite for pandemic-proof essential retailers.

Institutional investors have been actively targeting ‘pandemic-proof’ retail assets, with Woolworths, Coles and Bunnings at the top of their wish lists.

A regional Victorian Coles and a smaller-format Melbourne Woolworths have fetched record prices as investors target “pandemic-proof” supermarkets.

Sydney Metro has paid close to double the median house price for several houses owned by Woolworths as part of the future Metro West line.

Property funds group Charter Hall has swooped on a major logistics portfolio, picking up a 25-strong warehouse network from the Smith family’s PFD Food Services, in which Woolworths is taking a controlling stake.

Woolworths is making a $100 million bet on a new hi-tech robotic warehouse in Sydney’s west to turbocharge its home delivery business.

Woolworths’ Torquay Central supermarket has been snapped up after a campaign drew 14 buyers for the prime real estate, underlining the recession-proof nature of the retail giant.

Some investors have taken stocking up on essential items to a whole new level by buying entire “pandemic-proof” supermarkets.