date:Mar 26, 2013
Woolworths confirmed that Coles recently bought its store in Neutral Bay, which is on Sydneys lower North Shore. A Woolworths spokesperson said the purchase by Coles had not been anticipated.
According to internal reports obtained by Fairfax Media journalists, Coles paid $40 million for the centre that the Woolworths store is part of, concealing its involvement in the purchase by using a $10 company based in the tax haven of the British Virgin Islands.
The lease on the Neutral Bay store report