Myer

Manulife Real Estate, the global real estate arm of Canada’s biggest insurer, Manulife Financial, is looking to stamp its authority on the local property market with the purchase of the Myer headquarters at Victoria Harbour in the Docklands for close to $300 million.

Retail landlords may need to ramp up spending on their malls to ensure they can keep anchor tenants that are considering closing stores amid a struggling retail environment, according to Macquarie analysts.

The declines in department store and discount department store sales could accelerate and hit major listed landlords Scentre Group and Vicinity Centres hard if this country follows the path of the United States, according to Macquarie Equities.

The owners of the Myer headquarters at Victoria Harbour in the Docklands have kicked off a campaign to sell the complex.

The Myer family is selling a seven-level office building in inner Melbourne after owning it for more than a decade with price expectations around $65 million. The offering at 312 St Kilda Rd comes amid …

Melbourne’s office market is readying for one of the largest offers of the year. This article originally appeared on theaustralian.com.au/property.

The Myer family has finalised a deal to sell its remaining one-third stake in its own Bourke St store to funds manager TH Real Estate for more than $151 million.