Fivex enjoy flurry of new F&B retailers along Flinders Lane and Flinders Street | Australia

Jess Freeman • 06/10/2022

Five new Food and Beverage Retailers in Melbourne’s CBD have signed new long-term leases along Flinders Lane and Flinders Street, further bolstering the hospitality precinct as the strength in the retail market renews.

An Italian offering has signed a seven-year lease for 27sqm* at Shop 1, 289 Finders Lane
Flinders Lane Barbers has signed a five-year lease for 29sqm* at Shop 1C, 289 Flinders Lane
V5 Coffee shop has signed a seven-year lease for 31sqm* at Shop 1D, 289 Flinders Lane
Fusion Bites, specialising in Indian Take away street has signed a five-year lease for 27sqm* at Shop 1b, 276 Finders Street
A private convenience store has signed a five-year lease for 26sqm* at Shop 3b, 276 Flinders Street

Michael Di Carlo, Cam Taranto and Stephanie Harding of Cushman & Wakefield negotiated the five leases on behalf of landlord Fivex and said the Flinders Lane precinct is seeing a lot of fresh inquiry from retailers looking to capitalise on the high pedestrian foot traffic in the area.

Market sources believe rents range above $4000 per square metre.

*Approximate

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Jess Freeman

PR & Communications Director ANZ
Sydney, Australia

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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

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