Bankmecu takes retail space on Little Collins Street at around $1,000 per square metre

Mutual lender bankmecu has leased 123 square metres of retail space on Little Collins Street.

The new branch at 104 Little Collins and Southern Cross Lane will add to the more than 25 branches that bankmecu has across Australia, but is its first retail presence in the Melbourne CBD.

Bankmecu has its headquarters in Kew.

The lease agreement for the vacant premises was negotiated by Fitzroys agent Mitchell Humphreys on behalf of landlord Brookfield.

Humphreys says rents in the location are still being negotiated well in excess of $1,000 per square metre.

The space was fitted out by bankmecu and opened for business on November 19.

Humphreys says Brookfield was pleased to secure a strong tenant to anchor the Southern Cross food and retail laneway.

“It is critical to be proactive and sensitive to the ongoing tenancy mix in these establishing precincts when securing new tenants,” he says.

“The vibrant precinct taking in the Southern Cross food laneway and the top end of Little Collins Street continues to attract strong tenant demand, with no retail vacancies.”