In April 2018, Chelsfield Asia Fund I acquired this 7,800 sqft property in a 60/40 joint venture with L Catterton.
Located in the CBD and beside Landmark, a luxury shopping destination, the property comprises four connected ground floor retail units in a 31-storey Grade A office building.
Previously owned and occupied by Hermes the units offer a wide frontage facing Des Voeux Road Central and Ice House Street.
The strategy is to sub-divide the space into smaller units to create a more dynamic mix, let the Des Voeux Road Central facing unit to a luxury tenant, and temporarily operate the rest as a pop-up gallery to then later lease it to premium retail brands.
Lead8 has been appointed.