6 December, 2022
BIG W here to stay
BIG W will remain operating in Atherton despite the property being sold.
Speculation was rife that the popular department store, which opened in Atherton in 2006, would close after media reports that it was for sale emerged in late November.
When the advertisement, with the heading of “High Performing Freestanding Big W Discount Department Store”, hit Facebook, many people began to wonder what was going on.
“CBRE Retail Investment are pleased to exclusively present to the market Big W Atherton – a rare opportunity to acquire a high performing freestanding Big W Discount Department Store,” the advertisement read.
But a spokesperson for Woolworths, which owns the Big W chain, confirmed the sale was just for the building itself and not the business.
According to media reports, a “consortium of Queensland investors” is said to have purchased the property.
Woolworths currently has a lease that expires in just under four years but the company has options to extend it to 2041.
“Since 2006, Big W has been proud to serve the Atherton community and will remain open with no disruption to trade,” a Big W spokesperson said.