Launceston Leaders Concerned Over Myer's Future Amid Lease Uncertainty
Community and business leaders in Launceston have expressed concerns regarding the potential departure of Myer, a major retail outlet that has occupied a prime location in the Brisbane Street Mall for 60 years. The building is currently listed for lease, prompting speculation about Myer's future at the site and raising worries about a significant retail vacancy in the city's shopping district.
Myer's Current Status and Lease Negotiations
A Myer spokesperson confirmed the Launceston store is operating normally, with its lease extending into 2027. Negotiations with the landlord are ongoing. The building, which has been under the same family's ownership since the 1980s, is scheduled for refurbishment due to its aging condition.
Jake Beckwith, a selling agent from Colliers, stated that while discussions with Myer to remain as a tenant are underway, other options for national, local, and global brands are also being considered. He emphasized the necessity of upgrading the building to modern standards.
Community Impact and Revitalization Concerns
City of Launceston Mayor Matthew Garwood indicated that the potential loss of Myer would pose a significant challenge for the CBD, particularly following recent revitalization efforts, including plans for the neighboring Birchalls building redevelopment. Local business owners are concerned about reduced customer traffic if Myer relocates.
Alina Bain, Chief Executive of the Launceston Chamber of Commerce, described the speculation as unsettling, highlighting Myer's role as a flagship store, a major employer, and a service provider for residents across northern and north-western Tasmania.
"Myer's role as a flagship store, a major employer, and a service provider for residents across northern and north-western Tasmania is significant."
She hopes civic leaders will engage in discussions to ensure Myer's continued presence in the city.