In Shops

Retail giant Woolworths rolls out small convenience stores in Melbourne

Retail heavyweight Woolworths has made its first land grab, as it rolls out its new convenience store strategy in Melbourne.

The retail giant has signed up for two CBD locations on Swanston and Flinders streets for the scaled-down stores, prompted by a wave of new apartment and office-block-conversion dwellers living in the central city.

Woolworths will roll out a new convenience concept store at 160 Swanston on a gross rent believed to be around AUD2030 (USD1673) a square metre in a deal negotiated by Allard Shelton’s Patrick Barnes and CBRE.

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