Little more than a week after Myer announced it was leaving Brisbane’s CBD, the department store chain has now said it could ditch another city centre location.
Myer has dramatically threatened to close its Adelaide store within the Myer Centre on the busy Rundle Mall.
The Melbourne based company has claimed the CBD shopping centre which bears its name is “substantially empty” of other stores surrounding Myer and as such its lease has been breached.
The revelation didn’t come from Myer itself but from the shopping centre’s landlord. It has responded saying Myer’s claims are “ill founded” and it will challenge them.
The Myer Centre Adelaide opened in 1991 and has featured its namesake anchor retailer ever since. It’s reported more than 200,000 people – one fifth of Adelaide’s then population – visited the centre on opening day. It once featured a theme park called Dazzleland with a roller coaster that looped around the top floors.
It’s now a different story for the ageing centre.
While major retailers like Uniqlo inhabit the floors near street level, the upper levels have seen empty storefronts.
“Myer alleges that there has been a breach of the lease (which currently runs until June 2032), claims unspecified damages and seeks a declaration that Myer is entitled to terminate the lease,” the landlords, Singaporean firm YTL Starhill Global REIT Management, said in a statement.
“Myer alleges that the landlord has breached, and is continuing to…
