VICTORIAN Planning Minister Justin Madden has granted conditional planning permits for five new Aldi supermarkets. The five stores are proposed for Drysdale, Geelong West, Highton, Rye and North Balwyn, with Mr Madden saying the developments would provide a $34.5 million boost to the Victorian economy.
In February this year, Mr Madden determined that the Aldi proposals were of state significance and an Advisory Committee was appointed to consider the proposals for each site. The proposals were assessed by a single Advisory Committee as part of a streamlined planning process with public hearings for each proposal.
"I have reviewed the recommendations of the Advisory Committee and determined that each should be granted a planning permit, subject to conditions specific for each location," Mr Madden said.
The five Aldi sites granted permits are:
- 20-26 Murradoc Road, Drysdale
- 243-253 South Valley Road, Highton
- 113-121 Albert Street and 192-194 Shannon Avenue, Geelong West
- 2-6 Lyons Street and 2 Nelson Street, Rye
- 313 Doncaster Road and 5 Tannock Street, Balwyn North
Aldi operates more than 230 stores in the ACT, New South Wales, Queensland and Victoria. Earlier in the month, the German supermarket chain revealed it had increased its Australian profits by almost 30 per cent and would allocate over $1 billion in new capital funding to support its growth strategy.