Supermarket

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.

German supermarket giant Kaufland’s entry into Australia is over almost before it began, after it withdrew from the market before opening a single store.

Retail investor Lascorp is looking to defy the gloom about shopping centres, pouncing on three Charter Hall supermarket-based assets for $62.35 million.

Commercial property buyers have seized almost $70 million worth of property at Burgess Rawson’s final Melbourne Portfolio Auction event of 2019.

The rare chance to score a standalone supermarket has seen a Victorian Coles sell on the state’s tightest supermarket yield of 2019. The Coles at Mentone in bayside Melbourne was sold to a Chinese investor …