Grant O'Brien

Woolworths is taking a massive profit hit from its price war with Coles and Aldi, with the supermarket giant conceding that a recovery could be several years away.

Charter Hall Group and hospitality industry super fund Hostplus have acquired 54 pubs and liquor stores from ALH Group, including the Hyde Park Hotel and the Dunsborough Tavern among several from Western Australia, in a sale and lease-back deal worth more than $600 million.