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Toombul traders get rescue package from Mirvac

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Mirvac chief executive Susan Lloyd-Hurwitz said the support package will include three months’ rent on top of previously announced help.That help has included waiving all debts incurred during Covid and up until the flood for all tenants, providing free storage to store stock and assisting with new fitouts at new locations.Mirvac in May announced it was permanently closing the flood-stricken Toombul Shopping Centre saying it was too severely damaged to repair, a decision at least one retailer has backed as “the right call”.The ASX-listed company told tenants that following careful consideration of the extent of the damage and the risk of future flooding, “it has been determined impractical and undesirable to reinstate the centre to how it was prior to the flooding damage.” But the company has come under fire for not providing any assistance to tenants.



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