Luxury retailers are defying the pandemic-hit economy with a spate of new store openings as they prepare for an influx of shoppers once international travel restriction for tourists are withdrawn.
"With the COVID-19 restrictions eased followed by the news that the vaccine will be ready soon, the opening of MECCA has started the Sydney CBD shopping hype again. Heaps of people visited MECCA wanting to shop, touch and feel things because they have not been able to do it for so long," Mr Alamsyah said.
"Sydney CBD needs these power brands to stimulate retail activities back to its heyday. It will be interesting to see Mecca vs Sephora in the battle of the beauty brands in 2021," Mr Alamsyah said.Other major leases are said the include Cartier which has opened the Cartier Box at Scentre Group's Westfield Sydney and is understood to have taken the anchor lease at the new retail site in 388 George Street, owned by Investa and Brookfield.
With works set to begin in February 2021, the first stage of Chadstone’s parking projects will add two new levels of parking, including more than 400 solar-shaded parking bays, on top of the existing David Jones car park.