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TENURE
FREEHOLD
NET LETTABLE AREA
600,000
502,000
SQ FT
98,000
SQ FT
RETAIL
OFFICE
SQ FT
(1)
PURCHASE PRICE
M
S$
303.1
(AS AT 30 JUN 2017)
MARKET VALUATION
M
S$
317.1
MYER CENTRE ADELAIDE
14-38 RUNDLE MALL,
ADELAIDE, AUSTRALIA
LARGEST SHOPPING MALL IN
ADELAIDE’S CITY CENTRE
Myer Centre Adelaide is a prominent
landmark and the largest shopping
centre located in the heart of
Adelaide’s city centre. Popular with
locals and tourists, the centre is
located along the city’s premier retail
precinct, Rundle Mall. Myer Centre
Adelaide is within walking distance to
the Riverbank Entertainment Precinct,
which includes the convention centre,
Festival Centre and multi-sports
stadium, the Adelaide Oval and
also in close proximity to universities
and hostels, as well as the city’s art
galleries, museums and casino. The
property is surrounded by offices in
the city centre.
Anchored by the largest Myer
department store in South Australia,
the 502,000 sq ft retail centre houses
over 85 other specialty tenants. Myer
Centre Adelaide also features South
Australia’s largest LUSH store and the
city’s largest sports store, Rebel. An all-
encompassing retail experience, the
retail centre is home to international
retailers including Daiso, Nine West,
Sunglass Hut and Thomas Sabo, as
well as national labels such as Angus
& Coote, Katies, Platypus Shoes, Rubi
MYER
CENTRE
ADELAIDE
An eight-storey retail centre
with four basement levels,
and office component which
includes a six-storey office tower
and two heritage buildings.
Shoes and Review, and toy specialty
store ToyWorld. Complementing
the retail experience, Myer Centre
Adelaide provides a wide range of
dining options with cafes and a
600-seat lower ground foodcourt,
which is the largest in Adelaide’s
city centre, serving fast food and
international cuisines.
The property comprises an eight-
storey retail centre with four basement
levels of car park space, and an office
component which includes a six-
storey office tower above the retail
centre and two heritage buildings.
Completed in 1991, the property last
went through a major A$35 million
asset enhancement in 2013 and 2014
which included the refurbishment of
the five-storey Myer department store.
The Myer department store occupies
324,000 sq ft or 54.1% of Myer Centre
Adelaide’s NLA. It accounts for 53.9%
of the gross rent for Myer Centre
Adelaide (Retail) as at 30 June 2017. Its
long-term lease in the property which
expires in 2032 provides for an annual
Note:
(1)
Excludes 113,000 sq ft of unactivated vacant area
on the highest two floors of the retail centre.
TENANTS
101
INCLUDING ONE
ANCHOR TENANT
(AS AT 30 JUN 2017)