Kaufland Aussie Expansion Met With Angst
The expansion of ALDI rival and fellow German supermarket, Kaufland, has reportedly caused angst amongst some investors and local retailers, after the Queensland Investment Corporation (QIC) and billionaire Alter family lodged their objection to the Victorian government’s planning committee.
As reported by The Australian, a joint submission by QIC and the Alter family’s Pacific Group of Companies has sought to object the fast-tracking of Kaufland’s proposed Epping store in Melbourne.
The supermarket development is next to a shopping centre the parties jointly own.
Tenants in some their centres include the likes of Woolworths, ALDI and Coles – all direct competitors to Kaufland.
The parties claim Kaufland’s plans are not consistent with local planning policy, and may cause inequitable developmental ripple effects.
The ASX-listed GPT Group has reportedly also voiced preliminary concerns about Kaufland’s proposed Dandenong and Chirnside Park site, however, is not objecting the build.
Kaufland has set its sight on developing its first six Australian stores in Victoria.
Fellow German supermarket, ALDI, has continued to make waves in Australia, with its Special Buys sales often inciting brawls amongst bargain hunting shoppers.