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Retail

MLC Centre Retail Development

A constant issue for property owners is the need to keep their buildings up to date which can encompass sustainability efficiencies, facilities and presentation. This problem is common to both retail and commercial properties. The owners of the MLC Centre, Dexus and Dexus Wholesale Property Fund have embarked on a refurbishment of the retail precinct including new restaurants, cafes, fashion and lifestyle retail.

With the movement to high end retail in the Castlereagh and King Street localities with fashion brands such as Bulgari, Dior Tiffany, Hermes and Chanel, the MLC Centre retail offering will complement these with luxury and premium retail tenancies on both King and Castlereagh Streets along with a new flagship retail experience in prime position on the corner of King and Castlereagh Streets.

In addition there will be a new entrance on Castlereagh Street which will provide the main entry into the building, particularly for the office customers. The retail tenancies on Level 6 and 7 will have an enhanced access on King Street through the drum building adjacent to the Theatre Royal. The Plaza Terrace on Level 7 and 8 will become a focus for food offerings along with new food tenancies on Level 8 and 9.

The completion of these works will ensure that the MLC Centre will retain its pre-eminent position in the commercial market for many years to come.

Bylett Associates has provided cost advice to the owners of the MLC Centre since 2013 and has been engaged to continue with this service through to the completion of the works in 2021.

The following images are an artist impression only and are subject to change.

Specs

Industry Sector

Retail

Project Value

$170 million

Project Period

2018 to 2021

Location

Sydney CBD, NSW

MLC Centre

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