The $180m mall Woolies liked so much it bought it

Campbell Kwan and Nick Lenaghan

Dec 4, 2024 – 1.56pm

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Woolworths has outlaid $180 million to buy a western Sydney mall, where it is the main tenant, as it vies with arch-rival Coles for control of the best supermarket sites around the country.

Leases for Woolworths and its discount department store Big W at Plumpton Marketplace have another 10 years to run, but there is no option to extend them.

Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter.

Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.