The retail component of one of Sydney’s largest redevelopments in recent years has been put on the market through Colliers International. The retail component is part of the Central Park complex and is located at 1 Park Lane and 28 Broadway, Chippendale.
Central Park is a redevelopment of the former Kent Brewery site (also known as the Carlton United Breweries or CUB Site) into a mixed-use complex of 11 retail, commercial and residential buildings around a centrally located landscaped area. The complex comprises over 75,000 sqm of commercial space, including 16,000 sqm of retail, over 2,000 apartments and more than 30,000 sqm of parks and terraces. It was built at an estimated cost of over $2 billion. The development is renowned for its art installation by French botanist, Patrick Blanc, which has become the world’s tallest ‘vertical garden’, a wall hanging of flowers and vines stretching 150 metres high.
The developers were Singaporean based, Frasers Property Australia and Japan’s Sekisui House Australia, and their retail component’s catchment includes thousands of nearby residents, students, office workers, commuters and tourists staying at Central Park’s Four Points By Sheraton Sydney. It includes a Woolworths, a cinema and numerous smaller specialty shops, all over a 14,600 sqm site.
Images provided by Frasers Property Australia