Myer has signed a 10-year lease agreement with property developer, Poly Australia for the new location of its store support office at 1000 La Trobe Street Docklands from Q4 2021.
Myer will occupy 12,500 square metres across five levels of the A-grade office tower with plans for a ‘people-centric’ floorplan with open plan working, break out areas, support spaces and vertical floor integrations.
The new location is approximately half the size of the current 25,000 square metre support office a few blocks away at 800 Collins Street Docklands. The current space has been reduced since 2017 by circa 12,000 square metres with one level recently sublet to Latitude Financial Services.
Poly Victoria executive director, Steve Wang welcomed Myer to 1000 La Trobe Street. “It is a pleasure to host such an iconic Australian retailer in our flagship commercial development for Victoria. Myer’s mindful floorplan design is a tribute to the flexibility of the space, which is a priority offering to our prospective tenants.”
Render of 1000 La Trobe Docklands
Myer CEO John King said the decision to move the store support office is in line with the Customer First Plan.
“We need to ensure we are operating in the most efficient and productive way, and that we have an office environment that allows us to support our store team members in the best possible way.
“This is a great outcome for Myer shareholders with improved commercial terms and a more appropriately sized head office. It is also a great outcome for our team members with a support office that has leading technology, is energy efficient, and provides a modern office environment.”
King’s approach to the Customer First Plan is to reduce space and improve stores rather than to close stores.
Myer Cairns will be reduced from two floors to one fully renovated floor with new and exclusive brands added, Myer Belconnen will be reduced to two refurbished floors with new and exclusive brands and Myer Melbourne Emporium will exit level four from May 2020.
Myer will continue to occupy its current support office until the project is delivered at the end of 2021.