Newmark Bourke Street Mall Trust
299 Bourke Street, Melbourne VIC 3000
Following the opening of Rodd & Gunn’s flagship store on 3 October, Newmark Capital is proud to announce the successful completion of the 299 Bourke Street renewal project in the heart of Melbourne’s CBD.
This key site in the Bourke Street Mall sets a new standard through the renewal of one of Melbourne’s most recognisable addresses, uniting historic architecture with contemporary design through a carefully considered adaptive reuse strategy by
Bates Smart. The project has preserved original heritage detail while reimagining the building as a vibrant mixed-use destination in the heart of the city.
Anchored by flagship retail and a leading creative agency, the building has been transformed into a cultural and commercial hub that strengthens one of Melbourne’s busiest retail corridors.
We are grateful for the conviction and support shown by our investors in 2020, when the asset was acquired during a time of uncertainty, and has resulted in one of Melbourne’s leading CBD projects coming to life. By blending historic character with modern amenity, the project preserves Bourke Street’s identity while creating a destination for today’s retailers, workers and visitors.
This milestone marks the culmination of a significant investment for Newmark Capital and its investors, delivering a fully leased asset with enduring value for the city and our investors.
It is a proud moment for our team and partners, and we look forward to showcasing more from 299 Bourke Street in the months ahead.
The Fund
| Status | Closed |
| Fund Type | Wholesale |
| Investment Objective | Sustainable income and to achieve higher rental levels and capital growth through refurbishment |
| Inception | August 2020 |
| Distributions Paid | Currently on hold |
| APIR | N/A |
| Investment Term | 10 years |
The Property
| Property Type | Retail & Office |
| Location | 299 Bourke Street Mall, Melbourne, Victoria |
| Site Area | 2,247m2 |
| GLA | 11,814m2 |
| Anchor Tenants | MECCA, Clemenger and Rodd & Gunn |
| Carparks | N/A |
| Occupancy | 100% leased |
| WALE | 9.6 years (by income) as at June 2025 |