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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 $2030 a square metre in a deal negotiated by Allard Shelton's Patrick Barnes and CBRE.
Another deal is understood to have been negotiated by Colliers International for 700 square metres at 262 Flinders Street in a space occupied previously by an IGA store.
Read more: http://www.smh.com.au/business/retail-giant-woolworths-rolls-out-small-convenience-stores-in-melbourne-20141216-1281rx.html#ixzz3MWldwvSk
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