Adelaide's Premier Development and Construction Site
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Bump! Application has received SCAP approval last April; has anyone passed by the site and noticed any construction? Who's the builder?
You can see from the many photos above that demolition is still continuing.Sensation.Al wrote:Bump! Application has received SCAP approval last April; has anyone passed by the site and noticed any construction? Who's the builder?
Exactly! I live just down the road from this and I haven’t noticed an increase in the people parking in my street though i’m interested to see how the new development will impact the areas parking.
Well, maybe now we will get a better proposal.German retail giant Kaufland abandons Australia adding to retail woes
German hypermarket Kaufland says it will make an "orderly withdrawal" from the Australian market to focus on its European investments in another blow to the struggling retail sector.
In a fresh indictment of the dire retail landscape, the $170 billion retailer revealed on Wednesday it had made the decision after "careful and thoughtful consideration".
The company had been set to open as many as 30 stores in Australia and had bought a number of warehouse and retail locations around the country.
Frank Schumann, acting chief executive of Kaufland International, said the decision was not an easy one for the company and apologised for the disruption the exit would cause.
The company employs 200 staff in Australia and had poached a number of high-profile retail executives to head up its operations, including former Myer boss Richard Umbers.
"We would also like to thank our business partners, who offered us great support over the last few years. We would also like to thank the government for being very open-minded to our projects," Mr Schumann said.
"In Europe, we see a great deal of growth potential. We will actively shape the consolidation of the European retail sector, thus further reinforcing our leading position."
The company's employees will be paid "generous packages" including all entitlements and will be provided with a consultation and support process.
In June last year the German supermarket celebrated the construction start of its new $255 million distribution centre in Mickleham, in Melbourne's north.
The state-of-the-art 117,000 square metre facility was expected to generate 600 jobs in the area and was being built by Vaughan constructions on land leased from private developer MAB Corporation.
"Australia is one of the fastest-growing regions in the world, and we are excited to grow with it," Kaufland director Maximilian Wiedmann said at the time.
In September, the company celebrated breaking ground on its first South Australian store, which cost $24 million and was set to create 150 jobs.
Kaufland said its existing investments, including purchased properties, would be "discussed with the relevant parties in coming days".
AndKaufland to leave Australia, leaving 200 employees and developments in limbo
German supermarket giant Kaufland has decided to withdraw from the Australian market to better focus on its business in Europe.
The decision leaves 200 Australian employees and the future of a number of planned locations across the country in limbo.
The chain, which is the fourth biggest retailer in the world, had just last year announced plans to open between eight and 12 stores in 2020.
Kaufland says the fate of properties purchased for retail outlets and distribution infrastructure will be discussed in coming days.
“This decision is about focusing business activities in Europe and is in no way a reflection of the efforts of our local employees or management, or the support Kaufland has received from the Australian business community or governments,” Kaufland said in a statement.
Frank Schumann, acting CEO of Kaufland International, has apologised for the “disruption”.
“In Europe, we see a great deal of growth potential. We will actively shape the consolidation of the European retail sector, thus further reinforcing our leading position.”
Kaufland is currently operating in Germany, Poland, the Czech Republic, Romania, Slovakia, Bulgaria, Croatia, and the Republic of Moldova with roughly 1300 stores and 132,000 employees.
https://7news.com.au/news/sa/kaufland-t ... o-c-659470
So they don't see enough growth potential in Australia, and decided it's better to cut their losses now.“In Europe, we see a great deal of growth potential.