Coles – proposed acquisition of a leasehold interest at Mt Atkinson Major Town Centre

Summary

Coles Supermarkets Australia Pty Ltd (Coles) proposes to acquire a leasehold interest to establish a new large-format supermarket at Mt Atkinson Major Town Centre (Mt Atkinson) in Victoria.

Coles is an Australian ASX-listed company that operates more than 800 supermarkets nationwide. Coles’ large-format stores typically offer standard grocery items, as well as a full-service bakery and deli service. Coles also operates smaller format ‘Coles Local’ supermarkets with a smaller range of grocery items.

Coles operates an online grocery shopping and delivery platform named ‘Coles Online’, which allows customers to shop for groceries with either home delivery options or pick up from ‘Click&Collect’ locations at existing Coles stores.

The lessor for the Mt Atkinson location is Mt Atkinson Holdings Pty Ltd & Mensch Investments No. 3 Partnership, the landholder and developer of the Mt Atkinson Major Town Centre site.

Coles also proposes to acquire a leasehold interest to establish a new large-format supermarket at Deanside Central Town Centre (Deanside Central), Victoria. This is a separate proposed acquisition in the same region of west Melbourne. The ACCC is therefore considering the Mt Atkinson and Deanside Central proposed acquisitions concurrently.

Coles holds a leasehold interest in a site designated for future supermarket use at Kororoit Town Centre. Coles has offered to give an undertaking under section 87B of the Competition and Consumer Act (the Act) to relinquish its leasehold interest in a site at Kororoit Town Centre should the ACCC grant clearance for the Mt Atkinson and Deanside Central proposed acquisitions.

Market inquiries

Submissions are invited from interested parties regarding Coles’ proposed acquisition of a leasehold interest in Mt Atkinson by 2pm on 8 October 2025.

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au. 

For more details, please refer to the Market Inquiries Letter published below. 

Following 8 October 2025, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.