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The expanded
LUSH store of
Myer Centre
Adelaide
Daiso store at
Myer Centre
Adelaide
Myer Centre Adelaide features
Rebel, the largest sports store
in the city centre, as well as
South Australia’s largest LUSH store.
rent review. Most of the remaining
leases at the property incorporate
annual upward-only rent reviews.
Above Myer Centre Adelaide is the
office component which includes
Terrace Towers, a six-storey 81,000 sq ft
office tower above the retail centre
and two heritage buildings (Shell
House and Goldsbrough House). As at
30 June 2017, Myer Centre Adelaide
(Retail) was 94.6% occupied while Myer
Centre Adelaide (Office) was 50.4%
occupied as the office market remains
challenging with office vacancies in
Adelaide being the second highest
in the country. The total revenue
from office leases contributed
approximately 6.3% of Myer Centre
Adelaide’s revenue in FY 2016/17.
OCCUPANCYRATE
30 JUN 2017
94.6
%
50.4
%
RETAIL
OFFICE
30 JUN 2016
94.2
%
50.3
%
RETAIL &OFFICEMIX
BY GROSS REVENUE
(FY 2016/17)
6.3
%
93.7
%
RETAIL
OFFICE
RETAIL TRADEMIX
BY GROSS RENTAL CONTRIBUTION
(AS AT 30 JUN 2017)
Myer
53.9%
Fashion
12.0%
F&B
10.3%
General Trade
7.9%
Jewellery & Watches
4.7%
Shoes & Accessories
4.4%
Beauty & Wellness
3.4%
Services
3.1%
Others
0.3%
OPERATIONS REVIEW
41