Source: Image supplied.
  • Swiss retailer Bally signed an 8-year lease for 406 square metres of premium retail space
  • New store expected to open in mid-2021
  • Is part of the retail transformation for the recently redeveloped 388 George Street precinct

Swiss luxury brand Bally has signed an 8-year lease for 406 square metres of premium retail space as part of the luxury retail fashion transformation in the heart of the Sydney CBD.

The retailer will now front King Street, relocating from its previous Pitt Street premises.  The new store is expected to open in mid-2021.

Established in 1851, Bally is well-known in the world of fashion, footwear, and is a manufacturer of high-end accessories.

The signing of the luxury brand comes only a week after the opening of Romeo’s Retail Group of Australia’s European-inspired food market – Locali by Romeo’s.

These recent developments are part of the redeveloped 388 George Street precinct by Brookfield Properties and Oxford Investa Property Partners (OIPP) – a $200 million transformation of the site that was completed in November last year.

Executive Vice President & Co-Head of Brookfield Properties, Danny Poljak expressed his delight to see George Street become an anchor point for the city’s new luxury retail precinct.

“Bally is one of the world’s leading and long-standing luxury brands and puts 388 George Street on the map as a premium retail destination. We are proud to showcase one of the most sought-after brands in the world.”

Danny Poljak, Executive Vice President, Brookfield Properties

Fund manager of OIPP, Nicole Quadliata added the new retailer “redefines this busy CBD corner and complements the newly refurbished office tower, providing an exciting and enhanced amenity to the building.”

You May Also Like

$500M residential development approved for former University of Melbourne site

The former University of Melbourne Hawthorn Campus is making way for 350 boutique apartments.

Growing market: childcare facilities investment developing

Recent changes to Child Care Package subsidies, as well as govt support of childcare as an essential service, will be another growth driver.

West Perth’s CBD leading the move towards growing employment nodes

Markets which were not hampered with the same level of lockdown, such as Brisbane and Perth CBDs, have improved their occupancy.

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.