Coles cru­cial to site fu­ture

Western Suburbs Weekly - - News -

DE­VEL­OPER Greg Pearce says he would have to re­con­sider de­vel­op­ing the Sta­tion Street Mar­kets site if Coles de­cided to stay at the Park Street Precinct.

Mr Pearce said Coles and Tar­get had ac­cepted and signed lease agree­ments but the of­fers were con­di­tional on whether their boards granted ap­proval this month.

He said he un­der­stood that a City of Su­bi­aco coun­cil­lor met with Coles last week to re­open land swap ne­go­ti­a­tions with the City and en­cour­age them to stay at their cur­rent lo­ca­tion.

“It is un­usual as this di­a­logue is usu­ally con­ducted by the chief ex­ec­u­tive,” he said.

“Coles and our­selves have been ne­go­ti­at­ing in good faith for a long time.

“Un­til I hear from Coles to the con­trary, I will con­tinue to be­lieve this is the case.”

Cr Paul Cle­ments, who did not meet with Coles, will present a mo­tion at tonight’s coun­cil meet­ing that City staff en­tered into dis­cus­sions with Coles to con­sol­i­date the City’s and Coles’ land­hold­ings.

“The po­ten­tial loss of Coles is likely to dam­age the shop­ping of­fer in the precinct and dis­place the mar­kets,” his mo­tion read.

“We need to dis­cuss the mat­ter with Coles and ex­plore ac­cept­able out­comes to both par­ties that could re­tain Coles in the cur­rent lo­ca­tion.”

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