Retail company to vacate premises at the Myer Centre it opened in 1988 after talks broke down with landlord over new lease
But after 35 years of operation, Myer’s chief executive, John King, said it won’t renew the lease on the CBD property after talks broke down with landlord.market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD location,” he said in a statement on Thursday.
“We thank our team members for their service and will be providing redeployment opportunities at nearby stores.”Losing its namesake tenant could force the landlord to rename the shopping centre, which has about 180 smaller stores. Despite the blow to the Queen Street mall precinct, King stressed Myer was looking for a new home in central Brisbane.
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