News
22nd September 2010
Prime Reaches Agreement with Oyster Group
Prime Retail Management Ltd and the Oyster Group today announced that they have reached an agreement under which Prime will acquire Oyster’s management business (Oyster Management Ltd), and the companies will partner future syndication activities. The sale price was not disclosed.
Prime Retail Management manages a comprehensive portfolio of specialist retail properties throughout New Zealand, including the successful Dress-Smart outlet chain.
18th August 2010
Meridian Mall JB HiFi store - A first for the South Island
Prime Retail Management has successfully negotiated the acquisition of Australasia’s largest home entertainment retailer for Dunedin’s Meridian Shopping Mall.
JB HiFi boast 123 stores in Australia, 10 in New Zealand’s North Island, and their brand new Meridian Mall store, scheduled to open in October this year, will be their first for the South Island.