Press Release
Milligram’s SA flagship store coming June 2024
Adelaide
April 23, 2024
Media Contact
Senior Communications Specialist, Australia
Milligram, an Australian based stationery retailer, is opening its first South Australia store in Adelaide’s Rundle Mall.
Milligram has signed a seven-year lease for the 133sqm store that is set to open in June 2024, marking the company's third new store opening in the past 18 months and ninth store overall.
Known for its immersive spaces, state-of-the-art design, and inviting energy, Milligram stores offer a premium experience for customers.
“We are delighted to expand our presence to South Australia and join the vibrant community of Adelaide,” Milligram CEO and Founder, Scott Druce said.
“To celebrate the grand opening, Milligram will be offering special promotions, giveaways, and surprises for customers throughout the opening week. Whether you’re a stationery aficionado, a design enthusiast, or simply looking for a unique gift, Milligram’s new South Australian store promises something special for everyone.”
CBRE’s Julia Pottenger negotiated the lease deal on behalf of local vendors.
“This is a fantastic outcome for one of our best local clients. The tenancy underwent a full cosmetic upgrade following the last tenant relocating and we are delighted to have successfully secured Milligram for its first SA store,” Ms Pottenger said.
“Vacancy at the mall is at an all-time low but demand is still very strong for new brands coming into the SA market.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.