Myer Centre Adelaide
Myer Centre Adelaide, the largest CBD shopping mall in the city, is located in the heart of the city's premier retail area along Rundle Mall – the city's only retail pedestrian street which attracts 24 million shoppers annually. Located within walking distance to the newly refurbished Riverbank Entertainment Precinct, which includes the convention centre, Festival Centre and multisports stadium, the Adelaide Oval, Myer Centre Adelaide is also within the vicinity of universities and hostels, as well as the city's art galleries and museums and casino. 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 departmental store. A 600-seat foodcourt is located at the basement of the retail centre and is the biggest in the Adelaide CBD. The 502,000 sq ft' retail centre is anchored by the popular Myer department store and other specialty tenants.
The office component includes Terrace Towers, a six-storey 81,000 sq ft office tower which sits atop the retail centre and two heritage buildings (Shell House and Goldsbrough House constructed in 1931 and 1935 respectively). Panoramic views of the Riverbank Entertainment Precinct and the city's cultural precinct can also be enjoyed from the office suites.
|Address||14-38 Rundle Mall, Adelaide SA 5000, Australia|
|Description||Myer Centre Adelaide comprises a retail centre, three office buildings and four basement levels with approximately 467 car parking lots. The retail centre is spread across eight floors and anchored by the popular Myer department store and specialty tenancies. The office component includes a six-storey office tower which sits atop the retail centre and two heritage buildings.|
|Positioning||Targets the mid income segment|
|Committed occupancy||93.4% (Retail) 51.0% (Office) as at 31 December 2016|
|Net lettable area||600,000 sq ft1(Retail – 502,000 sq ft; Office – 98,000 sq ft) as at 31 December 2016|
|Number of tenants||103 (as at 31 December 2016)|
|Selected brands of tenants||
|Valuation||S$300.0 million (as at 30 June 2016)|
- Excludes 114,000 sq ft vacant area in the highest two floors of the retail centre.