_Generational Opportunity in Sydney’s Premium Retail Precinct

Sydney, Australia – Three contiguous freehold assets in Sydney’s premier luxury retail precinct are being offered to the market for the first time in more than three decades.

The offering comprises three adjoining freehold titles at 393-397 George Street spanning a combined 540sq m site with approximately 2,609sq m of net lettable area, positioned along one of Australia’s most tightly-held and supply-constrained retail corridors.

397 George Street has three levels, while 395 George Street has five levels and 393 George Street has nine levels. Fully leased and anchored by a high calibre mix of international retailers including major tenants Oakley, Onitsuka Tiger and Michael Hill, the assets generate a net passing income of approximately $3.15 million per annum offering significant rental reversion.

The properties are being taken to the market via an International Expressions of Interest campaign run by James Aroney and Rob Sewell of Knight Frank.

Price expectations are around $90 million. Mr Aroney said the opportunity is without parallel in the Sydney CBD.

“We expect strong buyer interest for this irreplaceable opportunity, particularly from local and interstate ultra-high-net-worth investors,” he said.

“Contiguous freehold ownership on George Street is effectively non-existent. “This is the first time in more than 30 years that these holdings have come to market, providing investors with a true generational acquisition opportunity in Sydney’s premier luxury retail core.”

Mr Aroney added that the assets offered a compelling combination of secure income and significant upside, at a sub-$100 million entry point.

“The portfolio is anchored by established global retailers, delivering immediate income security, while also offering substantial positive rental reversion and repositioning potential over the medium term.”

Mr Sewell said the triple-title structure created strategic flexibility that was unmatched by comparable offerings. “The ability to hold as a unified portfolio, reposition individual buildings, consolidate for a flagship luxury occupier, or sell down separately over time provides purchasers with multiple, clearly defined pathways to value creation,” he said.

“Adding to this is the strength of the location — George Street has been transformed by recent transport and public realm investment, driving increased foot traffic and reinforcing its position as Sydney’s most active retail thoroughfare.”

The assets benefit from immediate proximity to Town Hall, Wynyard and multiple Metro and Light Rail stations, and are surrounded by landmark retail destinations including Mid City Centre, Pitt Street Mall, the QVB, Strand Arcade and Westfield Sydney.

The International Expressions of Interest campaign for 393–397 George Street, Sydney, will close at 3pm (AEST) on Tuesday, June 2.

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For further information, please contact:
Vanessa De Groot – Marketing & Communications, Knight Frank
Vanessa.degroot@au.knightfrank.com +61 410 460211

Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, the Knight Frank network has 600+ offices across more than 50 territories and more than 20,000 people. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Firm, please visit www.knightfrank.com.