Coles - Leasehold interest in shopping centre on Capricorn Highway, Emerald, QLD
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. Boulder Capital Investments Pty Ltd (**Lessor**) is an Australian private investment company focused on providing debt and equity into property developments and real estate assets. Coles Supermarkets Australia Pty Ltd has signed a letter of offer with the Lessor in respect of a proposed lease of a Coles supermarket store to be constructed within a new shopping centre at Lot 3 & 4, Capricorn Highway, Emerald QLD 4720 (the **Acquisition**). The new lease is expected to commence in late 2027. The new shopping centre will comprise of the proposed Coles supermarket of 2,808 sqm SFA, a 6-bay Click & Collect drive through, home delivery facilities, 1,200 m2 speciality retail and car parking. Coles currently operates a supermarket in Emerald at Clermont St & Opal Street, Emerald QLD 4720, around 1km away. The existing store will close as part of the transition to the new supermarket.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 21 April 2026
- Determination published
- 1 May 2026
Acquirers
- COLES SUPERMARKETS AUSTRALIA PTY LTD
Targets
- BOULDER CAPITAL INVESTMENTS PTY LTD