Processing timeline
27
days
Filed
24 June 2026
Acquirer(s)
COLES GROUP PROPERTY DEVELOPMENTS LTD ABN - 72 004 428 326
Target(s) or Vendor(s)
Neubau Holdings No 22 Pty Ltd ABN - 20 122 754 496
Other parties
Coles Group Limited ABN - 11 004 089 936
Coles Group Property Developments Ltd is acquiring a property site in Palmwoods, Queensland, from Neubau Holdings No 22 Pty Ltd. This asset purchase facilitates the development of a new standalone Coles supermarket. Coles Group operates supermarkets and liquor stores, with Neubau Holdings specialising in property development.
Coles Group Limited ( Coles ) is an Australian public company (ASX: COL) that primarily operates: supermarkets nationwide through its subsidiary, Coles Supermarkets Australia Pty Ltd; and retail liquor stores nationwide, trading under the Liquorland, Liquorland Warehouse and Liquorland Cellars brands. Coles also has a property development arm, Coles Group Property Developments Ltd ( CGPD ), that buys land and constructs shopping centres, standalone supermarkets and/or liquor outlets and then sells these completed sites to third party buyers. Neubau Holdings No 22 (the Vendor ) is an Australian private property development and construction company. The Vendor is based on the Sunshine Coast in Queensland. It specialises in mixed-use, retail, commercial medical, industrial and residential developments. CGPD has entered into an offer to purchase 22 Palmwoods Montville Road, Palmwoods QLD 4555 ( Target Site ) to facilitate the development of a new standalone Coles supermarket. Palmwoods is located on the Sunshine Coast, 13km west of Maroochydore and 85km north of Brisbane.