Image: St Germain, Toorak
Vicland Property Group is offering St Germain, a luxury mixed-use development in Toorak Village, for sale after reaching 100% occupancy.
With a price guide of circa $200 million, the prestigious asset has already attracted a waiting list of prospective tenants eager to secure space in Melbourne’s most exclusive suburb.
St Germain at 505 Toorak Road, blends luxury retail, health and wellness, and premium commercial spaces to create a hub for Melbourne’s elite. The development sits in the heart of Toorak Village, just 5km from Melbourne’s CBD, and caters to affluent clientele seeking convenience and exclusivity close to home.
Tenants include high-end brands such as Coles, Kennedy, Deague Group (Central House), Kay & Burton, Scoop Wholesale, renowned fine dining restaurant Cecconi’s, and exclusive wellness operator Saint Haven. The property’s tenant mix underscores its alignment with luxury living and well-being, positioning St Germain as a standout destination for both residents and visitors.
Designed by Hassell and completed in 2023, the nine-level complex offers over 13,000 sqm of Net Lettable Area (NLA), featuring expansive terraces, green spaces, premium end-of-trip facilities, and 168 car bays and is for sale through Daniel Wolman, Nick Rathgeber, Leigh Melbourne, Oliver Hay, Mark Hansen and Leon Ma of Cushman & Wakefield.
With panoramic views of Melbourne’s CBD, Port Phillip Bay, and the Dandenong Ranges, select office tenancies deliver a one-of-a-kind working environment.
Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC said “Demand for premium mixed-use spaces in affluent suburbs like Toorak continues to grow as high-net-worth individuals and businesses seek to balance lifestyle and productivity closer to home.
“St Germain stands out as a trophy asset that combines prestige, convenience, and exclusivity, making it a highly desirable investment opportunity” he said.
The property's unique mix of luxury retail, health, wellness, and commercial spaces has solidified its place among world-class commercial precincts, often compared to global icons like Rodeo Drive and Paris' Saint Germain.
Nick Rathgeber, Cushman & Wakefield’s International Director, Capital Markets, Australia & New Zealand said “This is an opportunity to acquire a fully leased, architecturally significant asset in one of Melbourne’s most prestigious locations.
“With a diversified cash flow and an 8-year WALE, St Germain is poised to deliver significant long-term value” he added.
Located in Toorak Village, the development benefits from strong public transport links, including tram services at its doorstep and nearby rail connections, providing easy access to Melbourne’s CBD and beyond.
St Germain is for sale via International Expressions of Interest, closing Wednesday 25th June 2025 (AEST).
