CBD Retail | Value-Add
Collins Arcade is an 11,500sqm, 4-storey retail precinct located on Collins Street in the Melbourne CBD.
#TheKaiparaAdvantage: Kaipara, on behalf of UBS Asset Management, led a significant $50m redevelopment of the formerly high vacancy, luxury retail asset, into a more relevant shopping, entertainment and co-working destination.
Achievements:
- 6,200sqm quickly pre-committed to Kingpin, Waterman, and Priceline
- 90% trading / committed as at opening
- Achieved strategic re-mix of tenancy base and usages
- Rationalised vertical transport and opened up sight lines
- Added ~2,000sqm to total NLA