Retailer contributes 4.7% of portfolio revenue; Reit may mitigate DPU impact with gains from recent divestments
[SINGAPORE] Starhill Global Real Estate Investment Trust (Starhill Global Reit) said on Thursday (Nov 5) that Australian retailer David Jones, the anchor tenant of its David Jones Building in Perth, has verbally informed the property’s landlord that it has entered voluntary administration.
The Reit’s manager said it has requested written confirmation from the tenant, adding that the landlord has not received any notice of lease termination and is seeking advice on its rights under the agreement.
David Jones occupies about 246,526 square feet, or 95.1 per cent of the property’s gross lettable area, as at Jun 30, 2026.
Its…