Myer HQ sells for $300m

Myer’s headquarters at 800 Collins St was recently sold at a record $300 million, making it a top sale of the Melbourne office market this year.

Canadian asset management firm Manulife Real Estate bought the building from Australian Prime Property Fund Commercial and Savills Investment Management in November.

As the major tenant of the Lendlease-developed office block, Myer has been reducing its footprint in the building.

As of September 2017, Myer had vacated more than 30 per cent of the building’s floor space.

“This space was surplus to our requirements,” Myer’s spokesperson Martin Barr said.

“It is business as usual at the Myer support office in Docklands,” he said.