Leasing agent Colliers have reported that there’s strong interest from existing and new retailers in the vibrant new shopping precinct.
The Munro Development is a key feature of the renewal of the Queen Victoria Market Precinct which is currently underway. The development, inclusive of a major new public car park and community and commercial facilities, is a significant element in securing the Queen Victoria Market’s future as an authentic, vibrant, open-air market known for outstanding fresh produce, specialty shopping, hospitality and seasonal night markets.
Currently under construction, the Munro Development will create an additional 1,800sq m of retail and hospitality outlets adjoining the Queen Victoria Market. Colliers have been appointed by PDG Corporation and Queen Victoria Market Pty Ltd as the leasing agent for the development.
Adam Lester, Associate Director, Colliers said, “The response we’ve had from both existing Market retailers and established CBD operators to the Munro Development has been outstanding. With so much positivity coming back into the CBD, businesses are demanding prime retail space to ensure they can take advantage of the climbing consumer spending which is now just about on par with pre-lockdown levels.”
The mixed-use site also includes a new boutique hotel and 490 residential apartments which are scheduled to be completed by the end of 2022.
