An Epping site which was meant to be the home of one of Victoria’s first Kaufland supermarkets has been sold.
The High Street site has been bought by Aventus Group, which owns the adjoining Epping Home Centre, for $11.5 million.
Kaufland was granted state planning approval to build a supermarket on the former Bunnings site in March 2019. But in January, the company announced it would withdraw from the Australian market to focus on its European stores.
Aventus Group chief executive Darren Holland said the company was excited to have secured the 31,470 square metre site.
“Epping is one of the fastest growing catchments of Melbourne, with the main trade area due to grow by 100,000 people, or 36 per cent by 2024,” he said.
“This high profile corner site is strategically located in metropolitan Melbourne, 20 kilometres from the CBD and positioned between the Epping train station and Epping plaza; a major shopping centre anchored by Woolworths, Coles, Costco and over 230 speciality shops.
“The land also has the benefit of being located in an activity centre zone which is flexible and allows mixed-use, retail, residential, office, medical and large format retail.”
