About
The District Docklands is a vibrant precinct located on approximately 10 hectares at the edge of Melbourne’s CBD, one of Australia’s largest single CBD land holdings. This expansive area offers a diverse range of entertainment, dining, and retail precincts, complemented by a supermarket-anchored fresh food zone, office spaces, and serviced apartments. With over 82,500 sqm of Net Lettable Area, The District Docklands generates a secure and diversified income stream from its varied offerings.
Strategy
AsheMorgan acquired the asset in December 2014 as a discount outlet shopping centre with a high concentration of fashion, footwear and apparel (discretionary) retailers. Since then, AsheMorgan has invested over A$250.0 million for the transformation and repositioning of The District into a high-quality, vibrant, mixed-use urban precinct.
The District Docklands is set to continue its evolution to capture further development with commercial and residential uses.
Key Features
- The District Docklands has a solid base of tenants across 82,500sqm of lettable area, including Woolworths anchoring the fresh food precinct, HOYTS the entertainment precinct, and international fashion brands H&M and Uniqlo
- Large parcel of land (10ha) with significant existing improvements on the fringe of Melbourne CBD
- Exceptional connectivity to the Melbourne CBD and greater Melbourne
- Flexible infrastructure and planning allowing the ability to pivot strategy and CRE sectors to meet market demand
- Masterplan approval for the mixed-use future development of approximately 150,000sqm of GFA on surrounding vacant land which could house a variety of complementary uses.
