Myer to enter Townsville market

Stockland has secured Myer as a major tenant in its Townsville complex, a $230m development on Ross River Road, Aitkenvale, Queensland.


Myer will take a 20-year lease on 10,000sqm of the 32,600sqm centre, a move that has encouraged Stockland to invest more than $100m in centre upgrades.


Stockland Retail chief executive John Schroder said he expected the redevelopment to be completed early in 2009, with Myer able to move in by June 2009.


Stockland Townsville already has several major retailers and large chain stores as tenants, including Big W, Woolworths, Rebel Sports, Portmans and Sportsgirl.


The Townsville complex is Stockland’s largest Queensland centre and the third largest of its national portfolio.


The arrival of Myer, which now has 10 stores in Queensland, is the first major department store to enter the Townsville retail market since the departure of David Jones from the city centre in 1993.

Can you afford to buy in this suburb? Find out how much you can borrow

Top Suburbs : kawana , narara , cardiff south , east victoria park , toowong

go back

Get help financing your investment

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here