MELBOURNE's $750 million South Wharf project, at the point where Southbank meets Docklands, will become the city's next DFO (Discount Factory Outlet).

The owners of the South Wharf and Spencer Street DFO outlet, Austexx, have confirmed a two year rumour that the 60,000 square metres of retail space within the South Wharf complex, will accommodate existing Spencer Street DFO tenants, and then some.

The Spencer Street DFO shopping centre will be refitted and rebranded simply as "Spencer Street", once DFO tenants start relocating from October 15.

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