12 September 2025
Wingate is pleased to announce that ‘Melbourne Walk’, a landmark mixed-use development backed by Wingate and CapitaLand Investment (CLI), is now officially open to the public. This significant project, worth in excess of $400m, is the first new development within Melbourne’s Bourke Street Mall in over 50 years. A key milestone in revitalising one of the city’s most prominent retail and cultural precincts.
Developed by Steadfast Capital and built by Hickory, Melbourne Walk delivers over 6,000 square metres of premium retail space and 452 hotel rooms. The accommodation will be operated under IHG Hotel & Resorts' first-ever dual-branded hotel in Australia, comprising:
- Holiday Inn – a mid-scale family-friendly offering
- Hotel Indigo – an up-scale premium lifestyle hotel
Melbourne Walk also features the flagship store of global sportswear giant JD Sports, further enriching the precinct’s dynamic retail mix.
“We are proud to partner with Steadfast Capital on this project, which thoughtfully preserves the site’s heritage façades dating back over a century. Melbourne Walk will contribute meaningfully to the city’s vibrant and evolving future,” said Mark Harrison, Managing Director at Wingate Property.
“As Australia’s cultural and sporting capital, Melbourne continues to attract visitors from around the world. This development enhances the city’s appeal by offering a vibrant new destination that blends history, hospitality, and retail in the heart of the CBD,” Harrison continued.
Benjamin Chen, Director of Steadfast Capital, says Melbourne Walk has been purposefully designed to meet these changing expectations.
“We saw an opportunity to deliver a precinct that responds to how people move through cities now – not in silos, but through experiences. Positioned above Melbourne Walk’s vibrant retail precinct, Holiday Inn and Hotel Indigo offer two distinct hotel experiences in one city-defining destination – where everyday comfort meets local character, and guests are immersed in the energy of Melbourne’s heart.
We are also grateful to our financing partner Wingate, whose support has been instrumental in bringing this vision to life and ensuring the successful delivery of this transformative project,” said Mr Chen.
Launched in 2022, Melbourne Walk was CLI’s first investment alongside Wingate.