Seven retail spaces at residential project Omnia in Sydney's Potts Point up for sale

Seven retail spaces at residential project Omnia in Sydney's Potts Point up for sale
Seven retail spaces at residential project Omnia in Sydney's Potts Point up for sale

Seven retail spaces on the first two levels of developer Greenland's new residential development Omnia, in Sydney's Potts Point, are on the market.

Greenland sold the first four retail spaces to investors at an average price of $30,000 per square metre and has secured Woolworths to occupy this adjoining tenancies, comprising 405 sqm of floor space.

The remaining seven spaces range between 57sqm and 223 sqm.

Greenland Australia managing director Sherwood Luo said based on the success of the launch of apartments in Omnia, Greenland was confident of a similar response from the retail market.

“Omnia’s first two levels of retail space offer a unique opportunity for investors to buy within a prestigious brand new development which will be home to a high-net-worth, lifestyle-oriented residential community of some 250 residents,” Luo said.

Greenland sold 70 percent of the residential apartments at Omnia, at 226 Victoria Street, on the first day of the sales launch, including an $11 million penthouse. The development comprises 135 apartments and eight retail spaces.

“Due to the premium offering of the apartments which are designed by Durbach Block Jaggers with interiors by SJB Interiors, we’re expecting interest from retailers such as premium hair and beauty salons, gourmet delicatessens or grocers, cheese and wine bars, art dealers, homewares and designer fashion stores," said Luo.

Greenland Australia is a subsidiary of Shanghai-headquartered Greenland Group. Its current projects include Greenland Centre Sydney in the Sydney CBD which will be the city's tallest tower at 235 metres.

Other projects include Omnia in Potts Point, Lucent in North Sydney and Leichhardt Green in Leichhardt.

Tags: 
Residential Development Commercial Sale

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