Gucci grows footprint
Gucci, which reportedly abandoned a move into Emporium Melbourne in favour of a greater presence on Collins St, has committed to a 430sqm site on Russell St in Melbourne’s CBD, paying rent of around $1200 per square metre, according to the Australian Financial Review.
The fashion brand has committed to an initial 12 month lease on Russell St while it expands its nearby flagship on Collins St. The lease was negotiated by Cam Taranto and Zelman Ainsworth of CBRE.
Gucci has 10 stores in Australia across Melbourne, Sydney, Brisbane, and Perth.
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