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Article: Crisis turns retailers into developers.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lisa Carapiet
Nov 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Australia's two leading retail chains, as well as smaller competitors, are keen to expand and need new sites for store openings. However, the impact of the global financial crisis means there are fewer developers making suitable real estate available. As a result, Woolworths and the Wesfarmers-owned Coles are forming their own dedicated property ...