Landmark Louis Vuitton building on Melbourne's Collins Street for sale
The eclectic Renaissance-style building in the "Paris end" of Collins Street is classified by the National Trust and was built in 1886 – the same year the first assembly of the Federal Council of Australasia was held, the precursor to today's Commonwealth. Only two other city landmarks have come on the market since the pandemic struck: David Jones’ flagship Bourke Street Mall store and the Bank of China building in Queen Street. But with restrictions slowly easing, a surge of deals is expected towards the end of the year as suppressed buyer demand meets an anticipated flood of new listings. Louis Vuitton has a 15-year lease on the flagship store that's set to expire in 2026, Colliers' Oliver Hay said. They also own a clutch of other prime city assets, including 88 Collins Street, Austock House at 342 Collins Street and a vacant four-storey building with a ground-floor shop at 88 Elizabeth Street, which market sources suggest they are also considering selling.