Coles – supermarket site in Rainbow Beach, NSW

MN-25062

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**) * retail liquor stores nationwide, trading under the Liquorland, Liquorland Warehouse and Liquorland Cellars brands * a property development arm, Coles Group Property Developments Ltd, that buys land and constructs shopping centres, standalone supermarkets and/or liquor outlets and then sells these completed sites to third party buyers. St Vincents Foundation Pty Ltd (the ****Lessor****) is a registered Australian charity associated with the Roman Catholic Church Lismore Diocese. CSA has signed a letter of offer with the Lessor for a proposed lease of a Coles supermarket within the Rainbow Beach Estate at Lot 238, Ocean Drive, Lake Cathie NSW 2445 (****the Site****) (****the Acquisition****). The Site is currently vacant greenfield land and will be developed by the Lessor, with the proposed Coles supermarket anticipated to open in July 2029. Rainbow Beach Estate is located between Lake Cathie and Bonny Hills, approximately 17km south of Port Macquarie and 180 km north-east of Newcastle.