Myer Bourke Street fits our strategy of owning dominant, well-located, prime retail properties, that cater to today’s occupier needs, in the world’s most attractive real estate markets. The property’s location, at the centre of the strengthening core retail precinct in the Melbourne CBD, is supportive of Myer’s long-term occupancy of its flagship store.
We acquired a 33% interest in Myer Bourke Street, Melbourne, on behalf of TIAA, in 2016. The nine storey property was built in 1914 and fully refurbished in 2011 and is entirely let to Myer Holdings Limited (“Myer”).