Suitsupply is set to move into the last retail space at 5 Martin Place in Sydney. Photo: supplied
International bespoke tailor, Suitsupply is the latest retailer to launch in Australia with its flagship store opening at 5 Martin Place, Sydney.
The European designer, which offers bespoke suits, will benefit from the many businesses, including Macquarie Bank in Martin Place, and the lease will take the retail component of the Dexus and Cbus Property-owned 5 Martin Place to 100 per cent occupancy.
Suitsupply will join other first-to-market retailers in the building including the H&M sister, Collection of Style (COS), upmarket luggage group RIMOWA, and eateries such as Roll’d Vietnamese and Hills Bros cafe.
Dexus head of retail leasing, Eddie Giraldo, said Suitsupply’s decision to launch its first-to-market flagship store was a “show of confidence in the evolving international retail scene in the heart of the city”.
Martin Place is undergoing a significant upgrade to become an Italian-style piazza.
Founded in Europe in 2000, Suitsupply has since grown to more than 70 international stores in cities such as Milan, London, Zurich, Amsterdam, New York, Toronto, Shanghai, Singapore and Hong Kong and, in addition to their expanding brick-and-mortar locations, maintains a strong online presence.
Leighton Hunziker of Savills, which represented Suitsupply in the real estate negotiation, said the establishment of the store at 5 Martin Place marked the conclusion of a four-year flagship search.
“A trophy retailer like Suitsupply needs a trophy space,” Mr Hunziker said. “It was very tough to find. Both parties have worked hard together within heritage constraints to develop a truly unique retail environment, which will be sure to grab plenty of attention when it opens.”