I’m pretty sure they plan on selling the apartments. an article I read describes them as premium apartments which make more sense to sell I think.
But even if they weren’t selling them, woolies (group) is just capitalising on the land they already (or will) own. I.e subsidising the cost of building a Woolworths store. It’ll be run as a business through a real estate agent with all the protections you already have. Probably be better for the tenant as there isn’t an owner with an ego on the other end.
And there’s nothing stoping you from getting groceries where ever you want. You could even get coles delivery if you wanted.
I’m pretty sure they plan on selling the apartments. an article I read describes them as premium apartments which make more sense to sell I think.
But even if they weren’t selling them, woolies (group) is just capitalising on the land they already (or will) own. I.e subsidising the cost of building a Woolworths store. It’ll be run as a business through a real estate agent with all the protections you already have. Probably be better for the tenant as there isn’t an owner with an ego on the other end.
And there’s nothing stoping you from getting groceries where ever you want. You could even get coles delivery if you wanted.
Coles is trying to do basically the same thing with the store they own across the road.