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Australia's Largest Shopping Centre Transaction Completed Since the Onset of COVID-19

McVay Real Estate are pleased to announce the sale of

Rundle Place

77 Rundle Mall, Adelaide

Rundle Place is Adelaide’s only premium grade CBD retail asset.
It is positioned in the epicentre of retailing in South Australia, Rundle Mall.

The 23,245 sqm Centre is home to South Australia’s only Apple Store, a
full-line Coles Supermarket and an assortment of Australia’s best retailers.

The substantial vacancy on levels 2 and 3, created from the
vacation of Harris Scarfe, provide an opportunity for a large-scale
repositioning of the asset, which will further cement its position
as the premier retail CBD centre in Adelaide.

$210.2 Million

The largest shopping centre transaction post COVID-19

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Passing yield, excluding the impact of occupancy cost caps

• • • • • •

23,245 sqm

Prime retail GLA fronting Rundle Mall

• • • • • •

$9,034 psqm

One of only two retail transactions in South Australia
to exceed $9,000psqm

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Please contact us for the detailed Sales Analysis.

We would like to congratulate Blackstone, Fortius and Irongate
on this landmark transaction.

For more information on the above sale or to discuss your
property requirements, please contact the undersigned:

Sam McVay

+61 402 613 603

[email protected]

Dan McVay

+61 412 872 859

[email protected]


1. This material has been prepared in good faith with due care by McVay Real Estate (MRE) solely for the information of potential purchasers to assist them in deciding whether they are interested in the premises;

2. The information does not form part of any offer or contract and is intended as a guide only;

3. You should not rely on any material contained herein but should make independent investigations to satisfy yourselves as to the correctness of any statements or representations;

4. No representation or warranty is made by MRE or its Principal as to the accuracy or sufficiency of the material, in whole or part; and

5. No liability for negligence or otherwise is assumed by MRE or its Principal, the vendor of this property, for the material contained herein. Any liability on the part of MRE, its servants or agents for damages for any claim by a potential purchaser arising out of or in connection with this material, other than liability which is totally excluded by this disclaimer, will not (whether or not such liability results from or involves negligence) exceed A$1,000.

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