Today’s dynamic, modern retail centre in the heart of Dunedin’s CBD is testimony to Oyster’s retail management skills.
Oyster took over an under-performing centre in 2006 and, under Oyster’s management, Meridian has been transformed into a vibrant shopping and social centre. This transformation has lead to enhanced financial returns for the property’s owner, an over 25% increase in MAT sales since 2006, and an increased asset value.
Oyster has applied its retail property skills, contacts and relationships to revitalise the mall’s tenancy mix. It has repaired and nurtured lessee relationships and attracted loyal customers through innovative marketing. Considerable investment by key tenants has ensured the centre’s position as the prime inner city hub for Dunedin people with its image of convenience, service, style and selection.