Myer’s Brisbane CBD Store Lease Renewal in Doubt
The Myer department store in Brisbane’s Central Business District (CBD) is facing an uncertain future, with its lease renewal in doubt. The iconic store has been a staple of the city’s shopping scene for over a century, but its future is now in question due to a dispute between the landlord and Myer.The dispute began when the landlord, GPT Group, proposed a rent increase of almost 50%. Myer argued that the increase was too high and that it would be unable to afford the new rent. GPT countered that the