Japan based fashion retailer Muji sign 5-year lease in Melbourne's Scottish House building

Japan based fashion retailer Muji sign 5-year lease in Melbourne's Scottish House building
Japan based fashion retailer Muji sign 5-year lease in Melbourne's Scottish House building

Japan-based global fashion retailer Muji, has signed a lease in Melbourne's CBD at the historic Scottish House building on William Street, just ahead of the opening of their biggest Australian store at Chadstone in August.

Samuel Friend and Stephen Land of Fitzroys negotiated the lease five-year deal with two three-year options.

Set over 292 sqm on Level 5 at 90 William Street, the lease was signed for $116,000 per annum with 4% annual increases on behalf of The Australian Club.

Friend said Muji needed a larger Australian head office as it embarks on a major expansion and wanted a CBD location.

The new 1,700 sqm store will offer Muji’s popular minimalist-style clothing, bedding, skincare and stationery, as well as a new range of furniture available in Australia for the first time; workshops and interactive events; a Muji Books offering, and self-serve coffee bar.

Friend said the Scottish House space attracted more than 80 enquiries, with law firms, finance companies, not-for-profits, accounting firms, marketing agencies and major transport operators all keen on the space.

“Major commercial developments through the CBD’s western corridor are attracting a broader range of tenants to this part of the city, beyond law firms seeking offices close to the legal precinct,” he said.

Scottish House is just metres from the dual-tower, office, hotel and residential Collins Arch development at 447 Collins Street, on the corner of William Street, as well as Mirvac’s Olderfleet project at 477 Collins Street, which will bring more than 52,000sqm of new office space.

The six-storey heritage building was designed for prominent shipping agents McIlwraith McEacharn Ltd in 1907, by architect Charles D’Ebro, and was their head office for more than 70 years.

Tags: 
Retail Melbourne CBD

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