Commercial and residential property news
UK retailer Topshop has unveiled plans for a $1.85 million refurbishment of its Sydney CBD headquarters.
The retailer has leased five levels of the former Gowings building – basement, lower ground, ground, mezzanine and first floor.
Plans for the refurbishment are on display according to the AFR which reported the retailer’s application.
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UK retail giant Topshop will open its first Australian store at Sydney’s high profile Gowings Building (pictured, right).
The building, at the corner of George and Market streets, was reportedly eyed off by Spanish clothing retailer Zara, which instead chose the Westfield shopping centre nearby.
Topshop is a popular online clothing retailer, and also operates from about 20 countries. Its flagship is in London’s Oxford Street.
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COFFEE specialist Nespresso has opened its largest store in the southern hemisphere.
The new store, in Sydney’s Pitt Street Mall, follows the opening of a store in Melbourne’s ritzy Collins Street. Outside of Australia, Nespresso stores are in Paris’ Champs Elysees and New York’s Soho.
The Sydney store will be divided into four main areas, according to GQ which reported on the store opening.
THE Sydney CBD’s new Mid City Retail Arcade has secured Virgin Active as a major tenant.
Virgin will lease 4500 square metres over two floors at the 420 George Road complex, due to open in September.
In keeping with industry standards of having two members per square metre, the gym will be limited to about 9000 members.
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