This article is from the Australian Property Journal archive
FRENCH label Christian Dior will open its first Perth store next year from a prized space within the Queens building – in what is set to become the city’s biggest luxury retail store.
Christian Dior will open in August next year from 850 sqm across two floors – encompassing six shops – with a frontage of nearly 50 metres along Murray Street.
The space is opposite Tiffany & Co. and Louis Vuitton, which along with Christian Dior are both part of luxury giant LVMH.
Lease Equity’s Jim Tsagalis managed the lease.
The deal comes as French jeweller Cartier and Italian label Fendi prepare to move into the Fauldings Building, a short distance away on Murray Street, after the spaces received a $5 million refurbishment.
On the other side of the country, designer shoe label Jimmy Choo is moving into a 200 sqm shop in the Melbourne CBD’s “Paris” end. The space at 100 Collins Street is currently being fitted out.
Jimmy Choo is part of Capri Holdings, which also owned Versace.
Its 10-year lease, struck at a reported rate of $6,000 per sqm, follows luxury Japanese watchmaker Grand Seiko signing up for an 83 sqm space at the Collins Street entrance to The Block Arcade. Bovet is a recent signee to the watch precinct.
