IT'S the end of an era for an Australian pharmacy icon, with Sydney's Soul Pattinson Chemist on Pitt Street Mall set to close its doors after 145 years of trading.
The building which houses the pioneering pharmacy has been sold to private retail investment group Kingvest, according to a Fairfax Media report.
The property, long held by Washington H Soul Pattinson and Company, is reportedly changing hands for around $100 million.
Retail landlord Victor Comino owns Kingvest and also has the Apple, Telstra and Louis Vuitton stores in his highly prized portfolio.
With infrastructure improvements in the precinct and high retailer demand, the mall now commands some of the highest rents in the world at rates between $12,000 and $15,000 per square metre, according to JLL's Simon Rooney.
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