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The rise of large format retail centres

The collapse of the Woolworths Masters Home Improvement chain has sharply reduced the development pipeline for retail floorspace in Australia. The closure of existing stores has left the equivalent of around four years of large format centre floorspace growth available for recycling to other retailers looking for category killer locations. The Masters Home Improvement sites now available for re-tenanting by other retailers with big box formats will inevitably see other bulky goods retail develop