Big Box Retail

Swedish furniture giant Ikea is poised to pay $132 million for the freehold of its property in the northwestern Perth suburb of Innaloo as it looks to cement control over its Australian empire. This article originally appeared on theaustralian.com.au/property.

Last year’s childcare boom appears to be gathering even more steam, with almost $20 million worth of childcare centres sold at the first Burgess Rawson investment auctions of 2017.

Investors who’ve waited patiently for another Bunnings Warehouse to hit the market need not wait any longer, with a South Australian asset leased to the hardware giant the first to be listed in 2017.

Bunnings Warehouse has opened its first UK pilot store this weekend, marking the beginning of local brand Homebase’s transition into the Australian chain’s iconic green and red colours.

If you want to see investors step all over each other in their quest to secure a commercial property, just go to a Bunnings Warehouse auction.

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.