Under assessment · Notification · Phase 1 · day 4 of review, decision due 11 Dec 2026 (38 days)
Coles Supermarkets Australia is acquiring a leasehold interest from SpinksCo for a new supermarket site in Cannonvale Central, Queensland. This asset acquisition facilitates Coles' expansion into a convenience-based neighbourhood centre, with the supermarket anticipated to open around March 2030.
Coles Group Limited (Coles) is an Australian public company (ASX: COL) that primarily operates: supermarkets nationwide through its subsidiary, Coles Supermarkets Australia Pty Ltd (CSA); and retail liquor stores nationwide, trading under the Liquorland, Liquorland Warehouse and Liquorland Cellars brands. SpinksCo (Lessor) is a property development company that specialises in retail development projects across Queensland. CSA has signed a letter of offer with the lessor, which is intended to facilitate Coles acquiring a leasehold interest in a new convenience-based neighbourhood centre to be developed at 34 Central Avenue, Cannonvale Queensland 4802 for the purposes of a Coles supermarket (the Acquisition). The proposed Coles supermarket is anticipated to open around March 2030.