Mirvac sells shops within Nine HQ redevelopment
Mirvac has sold two prominent shops within its $800 million residential-based redevelopment of the ex-Nine studio, at Willoughby.
One investor is paying $2.75 million for Retail G, spreading 119 square metres, and Retail B (98 sqm).
Café Reverse and Japanese restaurant Kyue are the tenants.
The properties open to a plaza at the corner of Artarmon Road and Scott Street.
Late night trading is permitted.
Completed in 2024, Nine by Mirvac, as it has been branded, contains 442 dwellings in 10 buildings between four and nine levels.
The site neighbours Castle Vale, another apartment based project Mirvac developed over 40 years ago.
Nine by Mirvac shops
Mirvac paid Lotus Property Fund and Hong Kong based Euro Properties $249m for the 2.9 hectare ex-studio at 24 Artamon Rd in early 2020 – just after it had permitted for the redevelopment.
The deal was somewhat sentimental for the buyer which developed Castle Vale next door at t 2 Artamon Rd over 40 years earlier.
The redevelopment was completed with Mirvac Design, Chrofi, McGregor Coxall and MM Design.
Mirvac sold the shops, within a complex known as 1 Scott St, via IB Property’s Steffan Ippolito, Dimitrios Franze and Shead Property’s Bill Geroulis. Nine occupied the site from 1955 until its sale to Mirvac. Willoughby is six kilometres north of the CBD, on Sydney’s Lower North Shore.
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