Coles – supermarket and liquor site in Kalgoorlie, WA

Coles Group Limited (Coles), via its subsidiary Coles Supermarkets Australia Pty Ltd, has signed a Letter of Offer to facilitate Coles acquiring a leasehold interest in a new neighbourhood centre at Lots 95-106 Great Western Highway, Somerville, Kalgoorlie (the Property).

Coles will operate a large format supermarket on the Property, with a saleable floor area of approximately 2,800 square metres, and a Liquorland store. The Property is currently vacant.

The lessor, M Holding 4 Pty Ltd, is an Australia private company specialising in residential and commercial property sales, management and development in Western Australia.

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, First Choice Liquor Market (soon to be re-branded as Liquorland Warehouse) and Vintage Cellars (soon to be rebranded Liquorland Cellars) brands.

Coles also has a property development arm, Coles Group Property Developments Ltd, that buys land and construct shopping centres, standalone supermarkets and / or liquor outlets and then sells these completed sites to third party buyers.