Land-hungry Woolworths told eyes bigger than belly, OIO report reveals

Land-hungry Woolworths told eyes bigger than belly, OIO report reveals
Remarkable specials for supermarket staff in Queenstown? Woolworths can now buy land to house staff where supply is tight. (Image: BusinessDesk/Denise McNabb)
Garth Bray
Shoppers are getting used to seeing signs in the aisle limiting how many blocks of butter or other hot-ticket items they can bulk-buy in one visit. A report released to BusinessDesk reveals the Overseas Investment Office (OIO) took the same approach to Woolworths’ latest shopping list for land blocks. The OIO slapped a lower limit on the number, size and total extent of future development sites than the ASX-listed grocery group had been seeking when it approved a rollover of a standing consent to cover a series of Woolworths Gro...

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