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Myer seeks to terminate lease with Starhill Global REIT's Myer Centre Adelaide

Felicia Tan
Felicia Tan • 2 min read
Myer seeks to terminate lease with Starhill Global REIT's Myer Centre Adelaide
Ngee Ann City, one of Starhill's malls in the Orchard shopping district. Photo: Samuel Isaac Chua/The Edge Singapore
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The manager of Starhill Global REIT (SGX:P40U) says it had received a notice of arbitration from Myer in relation to the lease held by the department store chain at the Myer Centre Adelaide.

The notice was received by the REIT’s trustee on March 23.

Myer occupies about 52% of the centre’s net lettable area (NLA) as at Dec 31, 2022.

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