Colliers has sold a DC in Barnawartha North for $10.6 million to Ascot Capital subject to a 12-year triple net sale and leaseback to the ASX-listed company Wine Depot.
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In the supermarket giant’s full-year results released today, Coles’ has reported profit growth for the first time in four years. Net profit from continuing operations rose 7.1 per cent to $951 million. Coles credits its performance to pop-up distribution centres, stock replenishment system and advanced data analytics.
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