Starhill Reit in A$288m purchase
It plans to acquire Myer Centre Adelaide in cash deal
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STARHILL Global Reit announced on Monday it is looking to buy a freehold property at 14-38 Rundle Mall, Adelaide, South Australia (Myer Centre Adelaide) for A$288 million (S$300 million) in cash. It entered into the conditional sale-and-purchase agreement on Monday.
Myer Centre Adelaide, located in the city's retail CBD core, comprises a retail centre with almost 620,000 square feet of retail space, three office buildings occupying 98,000 square feet and four basement levels providing 467 carpark lots.
