Adelaide’s largest CBD shopping centre, Myer Centre Adelaide for sale
Jonathan ChancellorDecember 7, 2020
Adelaide’s largest CBD shopping centre, Myer Centre Adelaide has been listed for sale.
Novion Retail Partnership has put the Myer Centre Adelaide in Rundle Mall up for sale through JLL’s Simon Rooney.
The initial early price expectations are for close to $270 million, according to the Australian Financial Review.
The centre has had a $35 million upgrade across its 60,109 square metres of retail space and 9,558 square metres of office accommodation.
Myer Centre Adelaide features eight mini-major tenants, 88 specialty tenancies, 11 kiosks, six ATMs and 467 basement car parking spaces.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.