Kokoda Property secure Woolworths as anchor tenant at Malvern Collective development
Buyers at Kokoda Property's Malvern Collective, on the southern end of the dress circle Glenferrie Road, will be offered the ultimate convenience, with Woolworths signing as anchor tenant at the new mixed-use project.
The 600 sqm Woolworths Metro will adjoin the precinct's central piazza, a mix of high-end food and entertainment-focused specialty retailers, which connect via laneways to Glenferrie Road and offers direct commuter access to Malvern train station.
Malvern Collective will home 265 residences across its JCB-designed tower, with interiors by Carr Design.
Kokoda Property’s founder and managing director, Mark Stevens, says as the largest privately led urban renewal development in the suburb’s history, Malvern Collective is set to restore a significant part of Malvern’s original high street.
“The arrival of Woolworths is testament to our group’s vision to reinvigorate this prominent section and bring it back to its former glory,” Stevens said.
Today with a median house price of $3.1 million, Malvern is a highly sought-after lifestyle suburb.
“Malvern Collective presents a rare opportunity to introduce luxury apartments alongside carefully curated fresh food retail, health and wellness services, and high-end food and entertainment offerings,” Stevens added.
“Ultimately, this is about place making and bringing together the fundamental elements that contribute to community wellbeing, and reflecting where the suburb’s culture, design and demographic are moving.”
Furthermore, approximately 1.1 million passengers use Malvern station each year – representing an average of 3,000 commuters per day. This number is set to increase when the $2.7 billion Metro Tunnel project is completed in 2025.
“The precinct will not only reinvigorate the southern end of Glenferrie Road, but also create considerable convenience, connectivity and amenity to commuters who frequent Malvern station,” Mr Stevens said.
Early site works commenced at Malvern Collective in 2020 with the $1 million refurbishment and reopening of the suburb’s oldest pub, The Angel. The historic watering hole reopened in March with a new front bar, kitchen and head chef, alongside regular live entertainment.
The next phase of construction has commenced earlier this year, with the mixed-use development scheduled for completion in Q1 2024.
