German retailer Kaufland is moving ahead with its plans to establish a network of stores in Australia after buying a site in South Australia.
The Le Cornu site in Adelaide, on the Anzac highway, is set to be the flagship store for the retailer, with the warehouse-style hypermarket.
Head of Kaufland’s Australian operations, Gregor Thomas, told InDaily that the group would be expanding beyond the first store in Adelaide, which will be the retailer’s first expansion outside of Europe.
“We are very pleased to have made our first acquisition in Australia,” he said. “The [Le Cornu] site represents an excellent opportunity to bring the high quality Kaufland offering to Australian we look forward identifying other sites which fit our requirements. “
In March, the retailer announced that it had an “ambitious Australian investment and development programme”, and was seeking information on prospective sellers of sites larger than 10,000m2.