RETAIL SPOTS SNAPPED UP AT EXO

RETAIL SPOTS SNAPPED UP AT EXO

INVESTORS have snapped up the remaining nine retail spaces at the base of the EXO apartment building, amid growing interest in Melbourne's Docklands precinct.

Located at 860 Collins Street, the last 140sqm shop at the Lend Lease-owned development was sold to a private investor for $1.13 million.

It follows the recent sale of the 251sqm corner site at EXO for $2.51 million, which has been leased to Flight Centre for 10 years.

Colliers International agents Daniel Wolman, Oliver Hay and Chris Ling finalised the sales of the properties.

Wolman says recent marketing campaigns have generated numerous enquiries and multiple offers.

"The outstanding sales results at EXO indicates the strength of the current demand for well-located and affordable retail assets underpinned by a rapidly growing population and the ever-growing commercial office population at Victoria Harbour," Wolman says.

"Anchored by the national headquarters of ANZ, NAB, Lend Lease and Myer, Victoria Harbour is becoming increasingly sought after."

The nine ground floor shops at EXO vary in size from 85sqm to 402sqm, with a diverse mix of tenants.

Wolman says growing foot traffic from new commercial office tenants has been driving investment activity in the area.

"Since its completion in mid-2013, EXO at 860 Collins Street and the Victoria Harbour precinct more broadly, has undergone significant uplift and growth as a result of Melbourne's increasing population and the CBD growing towards Docklands with more affordable retail and office space," he says.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How does Cloud ERP benefit C-Level executives?
Partner Content
The time is ripe to get serious about digital transformation, make it a priority and im...
Annexa
Advertisement

Related Stories

Vibrant founders to vie for Australian Young Entrepreneur Awards

Vibrant founders to vie for Australian Young Entrepreneur Awards

Following hotly contested events across four cities, a community of...

Confectionery entrepreneur hits the sugar-free sweet spot with FUNDAY

Confectionery entrepreneur hits the sugar-free sweet spot with FUNDAY

Daniel Kitay grew up with a sweeter tooth than most. The Perth-bor...

Deloitte reveals Australia’s fastest growing tech companies, beating the odds to hit an 18-year high

Deloitte reveals Australia’s fastest growing tech companies, beating the odds to hit an 18-year high

It appears that the combined disruption of a pandemic, floods, glob...

AI-powered recruitment tech Sapia.ai closes $17m Series A as it eyes US expansion

AI-powered recruitment tech Sapia.ai closes $17m Series A as it eyes US expansion

A Melbourne-based recruitment platform used by the likes of Qantas ...