GIC launches retail mall in Melbourne CBD
Over 200 stores and a food court spread across 48,000 sq m
THE retail mall in Melbourne's central business district (CBD) that GIC Real Estate co-invested with Colonial First State Retail Property Trust Group (CFX), was launched yesterday.
Spreading across 48,000 square metres, Emporium Melbourne will host more than 200 stores - consisting of both international and Australian fashion brands as well as a 1,100-seat food court.
The mall will also link with the Myer Melbourne department store and to David Jones (a high-end Australian department store chain) via pedestrian bridges and tunnels.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co