One of Studio Equator’s last hospitality projects could sell for $200 million as part of the Burwood One Shopping Centre Sale
Burwood One Shopping Centre could fetch up to $200 million when its family owners hand over the keys for the first time in 26 years.
Studio Equator designed the newest Restaurant precinct in Burwood One, partnering with Fitzroys we transformed the old tired food court model to an amazing eclectic restaurant precinct attracting big and boutique brands like Schnitz, Hunky Dory and Shuji Sushi amongst others.
The 58,780sqm site at 172-210 Burwood Highway, Burwood East includes Australia’s strongest trading Coles and Kmart combination and the oldest Kmart store in the country.
The centre will be sold with an estimated net income of more than $9.5 million per year and a zero vacancy rate, according to CBRE national investments director, Mark Wizel.
“Given its size, location, tenancy profile and growth potential, this is the sort of asset which will attract a very strong field of buyers and that competition could drive a yield not seen before for an asset of its kind.”
Best of luck with the sale….
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