REAL ESTATE – VICTORIA – RETAIL

Global real estate group grabs historic Myer stake

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Original article by Ben Wilmot
The Australian – Page: 26 : 12-May-16

Myer Family Investments has secured a deal to sell its 33 per cent stake in Myer Holdings’ flagship department store in the Melbourne CBD. TIAA subsidiary TH Real Estate has previously acquired stakes in a number of retail properties in Australia as part of its plans to expand its presence in the country. The deal values the 39,923sq m Myer store at around $A450m. Its other owners are Vicinity Centres and Singapore-based GIC Real Estate.

CORPORATES
MYER FAMILY INVESTMENTS, MYER HOLDINGS LIMITED – ASX MYR, TIAA HENDERSON GLOBAL REAL ESTATE, TH REAL ESTATE, VICINITY CENTRES – ASX VCX, GIC REAL ESTATE PTE LTD, JONES LANG LASALLE AUSTRALIA PTY LTD, ISPT PTY LTD, THE BLACKSTONE GROUP LP, LASALLE INVESTMENT MANAGEMENT INCORPORATED, AMP CAPITAL INVESTORS LIMITED

Mall refits maintain low Melbourne retail vacancies

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 34 : 13-Jun-14

Data from CBRE indicates that the vacancy rate for prime and super prime retail properties in the Melbourne CBD was 1.45 per cent in June 2014. Net rents were steady in the year to June, while outlets such as clothing and shoe stores comprised about 26 per cent of tenants

CORPORATES
CBRE PTY LTD, HERRON TODD WHITE AUSTRALIA PTY LTD, HENNES OCH MAURITZ AB, LASALLE INVESTMENT MANAGEMENT INCORPORATED, DEXUS PROPERTY GROUP – ASX DXS