The Urban Developer
14 October 2024
Leon Della Bosca

Supermarket Giants Expand Footprint in Regional Australia

High interest in regional retail is continuing as major supermarket chains pick land in Victoria and Centuria secures a shopping centre in NSW.

Pellicano, in a joint venture with Judd & Sons, has sold two land parcels in Kaiela Business Park at Yarrawonga in regional Victoria to Coles and Aldi.

The larger lot, measuring 2.076ha was sold to Coles, and Aldi acquired a 8,780sqm site.

These sales mark the completion of the masterplanned estate, which was developed from a 12ha site acquired in 2010.

Pellicano managing director Nando Pellicano said the estate was now sold out and “has grown into a hub for local and national businesses”.

The business park, at the main gateway into Yarrawonga, which is about 220km north-west of Melbourne, counts Bunnings Warehouse, Toyota, Tradelink, Repco, and Ford among its tenants and owners.

Supermarket Giants Expand Footprint in Regional Australia

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