Greg Styles’ Post

Colliers - WA’s First Standalone Supermarket Transaction in 5 Years Achieved for Coles Tom Price Coles Tom Price Transacts this week, marking the first standalone supermarket to transact in the past 5 years in Western Australia. Colliers State Chief Executive WA, Richard Cash and Executive Investment Services WA, Aidan Austen brokered the freestanding Coles Supermarket in Tom Price on behalf of our valued private clients for $8,000,000. The property has been acquired by a group who are prominent in Tom Price, for a yield of 7.04% reflecting the high quality nature of the property and competitive nature of the Expressions of Interest campaign which yielded five formal offers. Mr Aidan Austen said “Standalone supermarkets are exceptionally scarce and highly desirable investments in Western Australia, leading to outstanding outcomes for our esteemed clients. Mr Richard Cash added “Colliers has initiated the sale and marketing campaign for a second standalone supermarket in the North West town of Derby this week. Read more about the transaction on COMMO. https://lnkd.in/g7R3P96U The ASEAN Developer Sarah Casey Harry Dever Lachlan MacGillivray Tim McIntosh Steven King James Wilson James Lawson Ben Wilkinson Nathan Raj Kiki Cao Andrew Kemmler Mia Kasalo Tiana McNamara Sophie Grieve #colliers #westernaustralia #perthre #perthrealestateagents #commericalrealestate #retailinvestment #retailrealestate #shoppingcentre #retailproperty #retaildevelopment

Aldi Outlines €400m Expansion Plan For Ireland Aldi has announced that it is planning to invest €400m to open 30 new stores in Ireland over the next five years. The discounter is targeting new outlets in 13 counties, including Dublin, Cork, Sligo, Wicklow, Kildare, Galway, Monaghan, Longford, Limerick, Kilkenny, Meath, Mayo and Donegal, which will create around 1,000 new jobs. The new investment plan was revealed alongside the release of an economic impact report by Dublin City University, published to mark Aldi’s 25th anniversary in Ireland. It shows that the German company has spent €10.2bn with Irish suppliers since 1999, including €1.1bn last year. Irish suppliers now account for almost half of all sales in the discounter’s stores in the country, with the firm having reported 58% in purchases from Irish suppliers since 2019. Aldi has also made capital investments in Ireland of €2bn over the past 25 years, with the retailer supporting more than 12,500 jobs directly and indirectly. “As we mark our 25-year milestone and look back on our achievements, we’re just as ambitious for the future. Based upon projected customer growth, we expect to serve our one billionth customer in 2025,” said Niall O’Connor, Group Managing Director of Aldi Ireland. “We’re committed to playing a leading role in meeting the growing demand for new retail offerings, and by 2029 we will spend another €400m in capital expenditure on 30 new stores, adding 1,000 new colleagues. “Times may change, but our unwavering commitment to value never will, and we’re looking to the next 25 years with as much focus and excitement as ever.” Aldi also confirmed that it would continue to cut prices this year as inflation pressures ease. The company has spent €20m this year on over 400 price reductions. After years of rapid growth, Aldi’s performance in Ireland has weakened in recent times, with latest data from Kantar showing its market share slipped from 12.1% to 11.6% over the year to May. NamNews Implications: * No one doubts Aldi’s historical commitment to Irish suppliers and shoppers. * Despite their recent loss of market share… * …Aldi appears to be determined to continue their strategy in the Irish market. * The only question is how far they are prepared to go in order to regain historical momentum… #Ireland #Aldi

Gold Coast Woolworths Anchored Shopping Centre sold to Sydney Investor by Colliers Woolworths Coomera East Shopping Centre sold on a fully leased yield of 5.41% by the Colliers Retail Middle Markets team of James Wilson and Harry Dever. Colliers Head of Retail Middle Markets James Wilson said “The Woolworths Coomera East Shopping Centre campaign generated exceptional levels of interest, attracted over 150 enquiries, with $180 million in unsatisfied capital, reflecting growing investor appetite for the Neighbourhood Shopping Centre sector. Colliers Retail Middle Markets Associate Director Harry Dever said “As only the second Woolworths anchored shopping centre to be publicly marketed in Queensland in 2024, this was an opportunity for investors to deploy pent-up capital into a secure investment where income was underpinned by inflationary resilient tenants. Read more on COMMO > https://lnkd.in/gYgy5YXn Lachlan MacGillivray Tim McIntosh Richard Cash Sarah Casey Ben Wilkinson Nathan Raj Andrew Kemmler Mia Kasalo Steven King Simon Hunt Doreen Castaneda #colliers #retailrealestate #shoppingcentre #retailinvestment #reatilproperty #retaildevelopment #retailleasing #goldcoastrealestate

JLL Retail Investments is pleased to have exclusively transacted Channel Court Shopping Centre on behalf of Elanor Investors & their client. The sale is Tasmania’s largest ever single transaction of a shopping centre. Channel Court is the dominant and largest shopping centre south of Hobart CBD. A 25,000 sqm convenience-based Sub-Regional Centre anchored by high-performing majors, including Woolworths, Big W and Salamanca Markets. The transaction reaffirms the growing capital demand for sub-regional assets. We would like to congratulate the vendor and purchaser on the successful transaction. For further information please contact the JLL team. #AustralianRetailProperty #CommercialRealEstate #CRE #RetailInvestment #CapitalMarkets #ShoppingCentre #ShoppingCentreInvestment #PropertyInvestment #InvestmentProperty #RetailAssets #CommercialProperty #AustralianCRE #RealEstateFinance #RetailPortfolio #PropertyDevelopment #InvestmentOpportunity #RetailStrategy #AssetManagement #PropertyMarket #RealEstateInvestor #RetailTrends #AustralianEconomy #MarketAnalysis

Just Listed | Strong Trading Supermarket With No Competition Burgess Rawson is delighted to present to the market the Paynesville Village Shopping Centre. The Paynesville Village Shopping Centre is anchored by a high performing Ritchies IGA supermarket on a renewed 10 year lease and serves as the sole supermarket and liquor store in the region. The nearest supermarkets are Coles & Woolworths in Bairnsdale, located over 16km away in Bairnsdale (40 minute round trip). It’s no surprise that this full-line Ritchies IGA supermarket plus Liquor has experienced significant Year on Year sales growth, consistently paying percentage rent plus CPI annual reviews. The property features a substantial 4,461*sqm landholding, with Commercial 1 Zoning and is supported by a combined 98 on-title and council car parks, providing seamless entry to the building. Ritchies IGA is one of Australia’s largest independent supermarket chains with $1.4Billion* sales revenue in 2024 and has a strong backing by Metcash who own a 29.9% stake. This rare investment opportunity presents landlord friendly net lease terms on a long 7.35 year WALE with Ritchies IGA paying over 90% of the total rent and supported by complimentary tenant, Australia Post. The incoming purchaser will benefit from significant tax depreciation benefits and potential 50% stamp duty savings. Paynesville is a thriving tourist region and is known as the ‘Boating Capital’ of Victoria, with a current population of 6,941 in 2024 and expected to grow by a whopping 32% by 2046 further enhancing the investment potential. Net Income: $536,126 pa* + GST To obtain a detailed information memorandum or access to the data room, please don’t hesitate to reach out to the exclusively appointed agents Raoul Holderhead, Ingrid Filmer or myself Justin Kramersh 📧 jkramersh@burgessrawson.com.au 📱 0460 349 605 Jamie Perlinger Sam Mercuri Natalie Couper Raoul Holderhead Ingrid Filmer Matthew Wright Beau Coulter Zomart He Romanor Falconer Mark Foster Shaun Venables Hamish Bowen Lionel Mercuri David Napoleone #supermarket #investment #auction #generational #portfolio #commercial #property #setandforget

Lidl's momentum is undeniable! 🚀🚀🚀 We recently achieved a record market share of 8% in the GB, and our growth trajectory shows no signs of slowing down. Over the past year on the Lidl GB Management Board, and my nearly 24 years with the company, I've witnessed firsthand the key ingredients to our success: ➡️ A crystal-clear vision: We all understand the company's strategy and objectives, ensuring everyone is rowing in the same direction. ➡️ Communication and streamlined processes: We've fostered a culture of open communication and efficient processes, empowering our teams. ➡️ Ownership and optimization: We encourage ownership at all levels, continuously optimizing our operations for better performance. ➡️ Agile change management: We embrace change quickly and strategically, always keeping profitability at the forefront. ➡️ Building customer loyalty on product quality and affordable prices: We deliver exceptional value through high-quality products at affordable prices, building loyal customer relationships. ➡️ Strong supplier partnerships: We cultivate positive collaborations with our suppliers, ensuring mutual success. But the most critical ingredient? Our incredible teams across Lidl who work tirelessly every day to deliver these outstanding results. 👏👏👏 #teamlidl, #wearelidl, #lidlgb, #managment

JLL Retail Investments is pleased to have exclusively transacted Cooleman Court Shopping Centre on behalf of Mirvac. Cooleman Court, a dual-supermarket Neighbourhood centre anchored by Woolworths & ALDI, sees over $100 million in supermarket sales annually and is ranked 12th in the Shopping Centre News Mini Guns, for 2023. This transaction reaffirms the market demand for dominant convenience-based shopping centres and the participation from listed capital for properties core to their mandate. Cooleman Court represents Region Group’s first acquisition since June 2022. Congratulations to Mirvac, Region Group and all parties involved in the transaction. #AustralianRetailProperty #CommercialRealEstate #CRE #RetailInvestment #CapitalMarkets #ShoppingCentre #ShoppingCentreInvestment #PropertyInvestment #InvestmentProperty #RetailAssets #CommercialProperty #AustralianCRE #RealEstateFinance #RetailPortfolio #PropertyDevelopment #InvestmentOpportunity #RetailStrategy #AssetManagement #PropertyMarket #RealEstateInvestor #RetailTrends #AustralianEconomy #MarketAnalysis

Lidl is set to expand its footprint in the UK by opening hundreds of new supermarkets, highlighting the success of the discount grocer. New stores are planned to be opened in areas such as Leeds, Edinburgh and London, with the supermarket also on the hunt for new areas to open larger stores. Those who can identify a suitable location for a supermarket, which has easy access, good traffic/foot flow and over 100 parking spaces have a chance at receiving a finders fee. Should the location be used by Lidl, the finder will receive 1.5% of the total freehold purchase price or 10% of the first year’s rent. If a finder was to find a site bought for £1.5 million, this would result in the finder receiving £22,500. Lidl plans to increase its British estate from 960 stores to 1,100 as part of a wider expansion plan till the end of 2025. Last week, it was revealed the German discounter had upped its market share to 8% from 7.6%... More at #Proactive #ProactiveInvestors http://ow.ly/RPFu105riP7

UK supermarket chain Asda has become the latest retailer to make a foray into house building after it said on Monday that it would develop a “town centre” in London, including 1,500 homes. Britain’s third-largest grocer, owned by the Issa brothers and private equity firm TDR Capital, is seeking to redevelop a 10-acre site with help from UK housebuilder Barrett Construction and Developments The proposal, which is subject to planning approval, would create a new town centre with a large Asda store, as well as 1,500 homes including 500 affordable ones, and other retail units, in north-west London. The move is a first for Asda and would represent one of the largest land deals of the last couple of years the supermarket claimed, although it did not disclose the size of the deal. It will replace an existing Asda supermarket, which will remain open while the work is carried out, in the Old Oak and Park Royal area near Acton. In 2015, the area was identified as a prime location to undergo the largest regeneration project since the London 2012 Olympic Games. Asda said it was considering other similar projects at a number of its freehold sites, in London in particular. Ian Lawrence, head of mixed-use developments at Asda, said the venture “marks a significant milestone for the business” and allowed it to maximise the potential of its property portfolio for the first time. This month, Asda refinanced £3.2bn of its debt following the leveraged buyout of the chain in 2020 as it struggles to compete with traditional rivals Tesco and Sainsbury's and discounters Aldi and Lidl GB. The supermarket’s plan comes shortly after the owner of John Lewis and Waitrose & Partners decided to scale back its own property ambitions, having in March scrapped targets to derive almost half of its profit from build-to-rent and financial services by 2030. Recommended UK housebuilding Number of new homes in England predicted to drop to half of official target John Lewis said it was still committed to the initiatives, first unveiled under departing chair Dame Sharon White, but it blamed high interest rates and inflation for the decision to remove the targets. It has faced opposition from local residents reports Financial Times The Hon Richard Evans 🇬🇧 Andrew W. Lord David Evans of Watford #uk #housingcrisis

Lidl GB Secures £70 Million Deal to Expand Across the UK with 12 New Stores Lidl, the popular German discount supermarket chain, has secured a landmark £70 million sale-and-leaseback deal to fund the development of 12 new stores across the United Kingdom. This strategic move is part of Lidl’s ambitious UK expansion plan, which aims to make affordable, high-quality groceries accessible to even more communities nationwide. To bring this vision to life, Lidl has teamed up with Roadside Real Estate and Meadow Real Estate Fund, who have formed a joint venture to acquire these new stores upon completion. Under the agreement, Lidl will continue to manage and operate each location, allowing the retailer to strengthen its UK presence while unlocking capital to fuel further growth. Initially, Lidl acquired land and planning permissions for each of the 12 strategic sites. Once construction is complete, Roadside Real Estate will acquire the stores, leasing them back to Lidl under a 25-year contract. This flexible capital arrangement allows Lidl to grow its network while maintaining a robust operational foothold in key communities. The funding deal sees the joint venture contributing an initial £30 million, with a further £40 million to be provided upon the stores’ completion between late October 2024 and February 2025. These new additions will bolster Lidl’s current network of over 960 UK stores, solidifying its position as a major player in the British retail sector. https://lnkd.in/ewBWxueP Jason Buckley Oliver McGuinness Robert Beaumont