The world’s fourth largest retailer has abandoned all Australian development plans and now its properties are on the market.
Nine Kaufland retail, industrial and mixed-use development sites are available for purchase.
After beginning construction on multimillion-dollar stores and distribution centres in Queensland, South Australia and Victoria, the German supermarket chain exited all development plans in January this year.
In July last year the retailer turned the first sod for 28 hectare industrial site in Melbourne’s north. Kaulfland planned to build a distribution centre with an end value of $459 million.
Owned by parent company Schwarz, Kaufland has five stores approved and 20 other stores expected to open later this year and in early 2021.
Colliers International has listed the properties and Managing Director, John Marasco said it was rare to see this many large sites go on the market together.
“This is an unprecedented opportunity to secure a national pipeline of prime development sites, all of which are strategically located in growth areas that offer substantial upside,” John said.
Location of previous Kaufland sites on the Australian market:
Burleigh Heads: 177-207 Reedy Creek Road, a large mixed-use development site of 32,850sq m.
Morayfield: 177-189 Morayfield Road, Morayfield Village offers a large site area of 17,020sq m, with a total GLA of 6,939sq m and 260 car parks.
Richlands: 159-177 Progress Road, a 3.1-ha (31,190sq m) District Centre-zoned development site in Brisbane’s western corridor.
Forestville: 10 Anzac Highway, 36,000sq m site near Adelaide at Unley the site was already cleared of improvements.
Prospect: 250B Churchill Road, a 23,699sq m site, already cleared and remediated for an integrated mixed-use development.
Chirnside Park: 266 Maroondah Highway, an infill site in Melbourne’s east measuring 39,146sq m site with flexible commercial 1 zoning.
Dandenong: 1-5 Gladstone Road, a 30,607sq m infill site in Melbourne’s South East.
Epping: 592-694 High Street, a 31,470sq m site on a busy main street within a retail precinct.
Oakleigh South: 1126 Centre Road, a corner site measuring 44,013sq m in a core infill industrial precinct in Melbourne’s east.
The group’s New South Wales sites were not included in the listing, including Belmont North and Newcastle. This is due to a development application on exhibition when Kaufland made the withdrawal announcement.
Colliers have fielded interest from Australian and offshore buyers, from institutions and developers to owner-occupiers and syndicates.