RETAIL SPOTS SNAPPED UP AT EXO

Written on the 25 November 2015

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.


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter