DEXUS Property Group (DEXUS) today announced that it has lodged a Development Application (DA) for a new Tiffany & Co. flagship store at 175 Pitt Street, Sydney positioning the international luxury jeweller in what is set to be Australia’s ultimate luxury shopping precinct, and activating an exciting city retail development opportunity in DEXUS’s portfolio.
Tiffany & Co. intends to expand its footprint to cover 2,275 square metres of office and retail space upon relocating to the proposed three-storey flagship store at 175 Pitt Street in late 2018. This deal will see DEXUS retain Tiffany & Co. in its portfolio after the acquisition of 39 Martin Place by Transport for NSW for a new Sydney Metro station.
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