As Mirvac continues to evolve its portfolio of adaptable urban retail assets, Mirvac have decided to divest its holding in the Tramsheds at Harold Park in Sydney.
Nick Willis and Sam Hatcher of JLL have been appointed to undertake the expressions of interest campaign on behalf of Mirvac, which commences in June.
“While Mirvac remains committed to investing in dynamic cities and urban areas with scale and deep employment markets, given the strong investor demand for smaller scale, well located, local neighbourhood centres we feel that this is an opportune time to divest our Tramsheds asset” said a Mirvac Spokesperson.
Located only four kilometres from Sydney’s CBD, Tramsheds is Sydney’s most exciting food and lifestyle destination, housed in the former historic Rozelle Tram Depot.
Tramsheds was originally constructed in 1904 and underwent significant redevelopment between 2014 and 2016 and is the retail centre piece of the Mirvac Harold Park residential development.
The beautifully restored dining precinct features 11 restaurants from some of Sydney’s most forward-thinking chefs, artisans and provedores.
The asset has approximately 6,100m2 of retail NLA with the mix oriented towards local convenience and dining offerings and is well placed to continue to offer a bespoke retail experience to the local community.