Mirvac to divest Tramsheds at Harold Park Sydney

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Shopping Centre News

June 8 2021

5min read

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As Mirvac continues to evolve its portfolio of adaptable urban retail assets, Mirvac have decided to divest its holding in the Tramsheds at Harold Park in Sydney.

Nick Willis and Sam Hatcher of JLL have been appointed to undertake the expressions of interest campaign on behalf of Mirvac, which commences in June.

“While Mirvac remains committed to investing in dynamic cities and urban areas with scale and deep employment markets, given the strong investor demand for smaller scale, well located, local neighbourhood centres we feel that this is an opportune time to divest our Tramsheds asset” said a Mirvac Spokesperson.

Located only four kilometres from Sydney’s CBD, Tramsheds is Sydney’s most exciting food and lifestyle destination, housed in the former historic Rozelle Tram Depot.

Tramsheds was originally constructed in 1904 and underwent significant redevelopment between 2014 and 2016 and is the retail centrepiece of the Mirvac Harold Park residential development.

The beautifully restored dining precinct features 11 restaurants from some of Sydney’s most forward-thinking chefs, artisans and provedores.

The asset has approximately 6,100m2 of retail NLA with the mix oriented towards local convenience and dining offerings and is well placed to continue to offer a bespoke retail experience to the local community.

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Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand. Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.
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