Colliers International negotiates lease to The Pressed Lab amidst push for healthy CBD eateries
The founder of Australia’s popular Pressed Juice stores, Leo Pegoli, is set to open a new flagship organic café within the landmark retail precinct, ‘the GRID’ at 567 Collins Street in Melbourne.
The Pressed Lab café will occupy 120 sqm on the front door of Investa Office Fund and Investa Commercial Property Fund’s new tower at 567 Collins Street. The five year lease was negotiated by Colliers International’s Ben Tremellen and Georgie Cichy.
With a rotating seasonal menu, The Pressed Lab will focus on organic, plant-based grab-and-go food offerings, providing fresh breakfast, lunch and light dinner pre-packaged foods along with cold-pressed juices. The Pressed Lab will have an ‘in-house’ nutritionist working with the team to create nutrient-rich foods, with produce sourced from organic farmers across Australia.
It will be a flagship national store, to complement Mr Pegoli’s 19 Pressed Juices stores around Australia.
“At Pressed Juices, we really pride ourselves on our ability to be innovative,” Mr Pegoli said. “The Pressed Lab will be the new flagship store that will be the testing ground for all our new products.
“Not only will it be stocked full of our extensive range of cold pressed juices and fair trade, organic coffee, The Pressed Lab will also be a cafe that focuses on a balanced, seasonal menu. It will provide diners with innovative and tasty ways to consume healthy and nutritious meals, catering for all dietary requirements."
Mr Tremellen said the rise of the healthy food trend, which had become particularly prominent over the past year, was opening the door for new and exciting retail offerings catering to growing demand from CBD workers and visitors alike for fresh, nutritious and interesting food options.
“As a growing number of Australians increase their day-to-day focus on health and wellbeing, we have seen a notable jump in the number of new food and beverage outlets opening in the CBD which are based around healthy eating concepts,” Mr Tremellen said.
“According to IBISWorld, health snack foods are in a growth stage, forecast to grow at an annualised 4.7% over 10 years. Due to a change in consumer preferences and behaviours, the uptake of pre-packaged healthy snacks increased significantly."
Recent additions to this scene in Melbourne have included the third Nutrition Bar store at 417 St Kilda Road, Laneway Greens at 242 Flinders Lane, Five Plus at 265 Little Lonsdale Street and Collins Place, Thrive and Mero Mero at the Emporium and Pressed Juices at 470 Collins Street.
“We saw an opportunity to complete the tenancy mix at 567 Collins Street with a point of difference,” Ms Cichy said. “While working closely with anchor office tenants Corrs Chambers Westgarth and Australian infrastructure company, Jemena, overall feedback was a desire for a retail operator focusing specifically on readily accessible health foods, complementing the onsite Virgin Active Health Club."
Ms Cichy said incorporating lobby cafes and extending building envelopes to take advantage of location, infrastructure, the coffee culture and laneway retail was becoming increasingly popular among landlords in the current market.
“We are seeing an expansion of the volume and variety of retail being offered, including generally healthier dining options,” she said.
According to Colliers International research, there is growing demand for more retail space in CBD and commercial precincts.
This was particularly evident within the western core of the Melbourne CBD, with Colliers International negotiating more than 15 new retail leases in the precinct in the past 18 months. This includes working exclusively on 567 Collins Street, which has been developed by Leighton Properties for Investa, and 568 Collins Street which is being developed by Hickory Group. Colliers International is currently leasing the last remaining tenancy (42 sqm approx.) at 568 Collins Street.
The GRID is a landmark new retail precinct in the western core, forming part of the ground plane forecourt at 567 Collins Street and offering 13 retail tenancies ranging from 33sq m to 121sq m.
The Grid at 567 Collins Street