Melbourne’s luxury shopping destination St. Collins Lane is now under new ownership and property management, in a move that is set to transform the Collins Street retail precinct yet again.
Institutional investors advised by J.P. Morgan Asset Management recently purchased the CBD shopping centre from LaSalle Investments, and appointed Colliers International to the management of the asset.
“This is an extremely exciting appointment for Colliers International to such a unique, premium-brand CBD retail asset,” said Colliers International’s director of retail for Real Estate Management, Susan Etches.
The ARM Architects-designed St. Collins Lane has become a popular destination for international and local designer brands since opening in May last year, following a $30-million redevelopment of the Australia on Collins site.
The centre includes 55 retail tenancies across four levels, as well as a dining terrace which offers eight food and beverage tenancies, including Neil Perry’s Burger Project.
Flagship stores TAG Heuer and Coach front Collins Street, while Paris-based labels Sandro and Maje occupy twin flagships on Little Collins Street.
The St. Collins Lane precinct has effectively delivered a pedestrian pathway between Collins and Little Collins streets and created a ‘missing link’ of laneways between Flinders Street and Lonsdale Street.
