GPO Sydney "The Sydney Morning Herald" 1 June 2017

Discussion in 'Commercial Property' started by Beano, 1st Jun, 2017.

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  1. Beano

    Beano Well-Known Member

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    Has anyone read this article on page 4 and 5 re GPO Sydney "The Sydney Morning Herald" 1 June 2017 ?
    It is a bit hard to follow BUT
    Has the lessor (Far East) purchased the lessee's interest ?
     
    Beano, 1st Jun, 2017
    #1
  2. datto

    datto Well-Known Member

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    No, I haven't read it.
     
    datto, 1st Jun, 2017
    #2
  3. RetireRich101

    RetireRich101 Well-Known Member

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    I can't afford to buy SMH
     
    RetireRich101, 1st Jun, 2017
    #3
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  4. Cimbom

    Cimbom Well-Known Member

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    Cimbom, 1st Jun, 2017
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  5. Beano

    Beano Well-Known Member

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    Thanks to CIMBOM you don't need to buy the SMH !
     
    Beano, 1st Jun, 2017
    #5
  6. datto

    datto Well-Known Member

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    Who's the lucky bugger that gets to rent the whole top floor for only $1 lol.

    $150m for the building will help pay the CEOs salary and bonus!
     
    datto, 1st Jun, 2017
    #6
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Scott No Mates, 1st Jun, 2017
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  8. Beano

    Beano Well-Known Member

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    Plus outgoings .......
     
    Beano, 2nd Jun, 2017
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  9. jins13

    jins13 Well-Known Member

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    Rather appalling that it was sold and think enough is enough. With this building, QVB and other historical buildings in the city being bought out by international buyers who probably have no concerns about the conserving our historical heritage.
     
    jins13, 3rd Jun, 2017
    #9
  10. larrylarry

    larrylarry Well-Known Member

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    money talks.
     
    larrylarry, 3rd Jun, 2017
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  11. Scott No Mates

    Scott No Mates Well-Known Member

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    How is this in the national interest & how will it meet with FIRB approval?
     
    Scott No Mates, 3rd Jun, 2017
    #11
  12. Zoolander

    Zoolander Well-Known Member

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    Hmm they'll maybe need to knock down and rebuild. Keep the exterior kangaroo designs for heritage. Actually got no idea. Is this a major scandal?
     
    Zoolander, 3rd Jun, 2017
    #12
  13. Stoffo

    Stoffo Well-Known Member

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    No, not a major scandal.
    But it is interesting that is wasn't publicised.
    Still @$150m I guess it's a limited market :rolleyes:
    It would be nice to see heritage buildings of significance retained, it at all possible, this would take intervention by state and federal governments, yet they are too busy trying to get re elected :oops:

    RANT BELOW :(

    As a "step parent" to 4 certified indigenous Australians I don't hold back sinking the boot into Govco :p
    Not one of my step children have the slightest bit of their ancestoaral language/abilities/looks, yet they stand to benefit from modern Australia (as an Anglo Saxon I play the didge 10x better than they ever will).
    I would sooner see significant buildings retained at the expense of the tax payer for heritage purposes, than the subsidisation of diluted "original terra australis inhabitants" (unless it can be proven they are able to prove in some form that they are continuing to preserve the ways of their ancestors).

    *note: I did not know of their indigenous certification prior, yet I still support them financially and emotionally. All the time encouraging them to be whatever they hope/dream to be, and never treat them like their heritage is a crutch or fall back option!
    Each of them are given the same if not more options than any other child, and "we" treat them as AUSSIES ;)
     
    Stoffo, 3rd Jun, 2017
    #13
  14. Excalibur1

    Excalibur1 Well-Known Member

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    When I read it I was thinking... There goes @Beano with anther purchase! Then read further its someone from singapore!
     
    Excalibur1, 8th Jun, 2017
    #14