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Derek Rose

Woolworths lands apartment tower deal for prime site

Woolworths Coles

Woolworths has struck a deal to turn land in Brisbane into a multi-storey complex with a supermarket (HANDOUT/MOSAIC PROPERTY)

Major supermarket chains have faced criticism for "land banking" but in some parts of Australia, plans are already afoot to open new stores.

Woolworths has struck a deal with a residential property developer to turn a vacant Brisbane site into a multi-storey complex including a supermarket.

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