The three new retail precincts underway in Sydney bring the development pipeline of the Crown Group to $1bn.
Leading Australian residential developer Crown Group has announced its long-term plan to develop a $1bn portfolio of retail offerings worldwide. It plans to have 29,500sq m of retail space across nine of its developments by 2024, valued at $285M then expand in Australia and overseas.
Group Chairman and CEO Iwan Sunito said Crown Group has several success stories that show how its practice of creating architectural icons attracts world-class retail brands. It plans to pursue this model at three new developments underway in Sydney.
“Our latest completed retail precinct, Infinity Square, opened in 2019 at Green Square with 19 shopping and dining offerings and an eye-catching design by Koichi Takada Architects,” he said. “It has proven that iconic architecture attracts world-class brands. We are currently signing on our third ASX-listed company there, after opening McDonald’s and KFC this year. This is in addition to the other exciting offerings that have turned this into a vibrant new drawcard for the area – Miracle supermarket, Infinity Medical Centre, Butcher & The Farmer restaurant, Social Society café, Bashan Noodles and Nam2 pho, all set around a central courtyard, positioned above Green Square train station.”
