Soul Patts Pitt St Mall chemist to close after 145 years

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Soul Pattison chemist on Sydney’s Pitt Street Mall is set to tighten a doors in Jun after 145 years following a sale of a building, in that it occupies a belligerent floor.

In a deal, pronounced to be value about $100 million, a skill during 160 Pitt Street, owned by Washington H Soul Pattinson and Company has been sole to a private organisation Kingvest, that is run by Sydney sell landlord Victor Comino.

Washington H. Soul Pattinson building during 160 Pitt Street Mall has been sole for circa $100m.

The understanding will shake adult Pitt Street Mall, pronounced to be one of a 10 many costly sell strips by lease per capita in a world, and will supplement to Mr Comino’s $400 million portfolio, that also includes a Apple, Telstra and Louis Vuitton stores on a King and George corner.

It is a initial large-scale sell site that has been offering along a frame given Nov 2015 and was one of usually 4 freehold buildings within Pitt Street Mall sell precinct, using between King and Market streets.

JLL’s Simon Rooney and Rob Sewell, who suggested Washington H Soul Pattinson and Co on a deal, pronounced a Sydney CBD is going by thespian renovate that will attract even some-more business and tourists to a CBD and expostulate expansion in sell spending – quite along Pitt Street Mall.

“The infrastructure upgrades in a Sydney CBD and residential growth will underpin a prolonged tenure direct for sell space,” Mr Rooney said.

”As a outcome of a high tradesman direct for participation along Pitt Street, it now commands some of a top rents in a world, with new justification display rates of $12,000 per square metre per annum – $15,000 per sqm p.a.”

Article source: http://watoday.com.au/sport/basketball/wnbl-sydney-flames-end-canberra-capitals-winning-streak-20161208-gt6o5w.html