05-27-2015, 08:25 PM
Seeing that this thread started with reference to Bankstown I thought it passing strange that no here has yet mentioned the place has been put up for sale, along with Camden.
Yesterday's Fin Review had an article that the place was on the market for upwards of $195m and with an annual return of $19m plus the option to develop the bits not required for aviation for the remaining 82 years of the lease.
Perhaps it is all getting too hard for the current owners especially heading into an uncertain economic future but I don't think a 10% return is going to excite too many buyers, especially if there is environmental questions hanging over the site.
Yesterday's Fin Review had an article that the place was on the market for upwards of $195m and with an annual return of $19m plus the option to develop the bits not required for aviation for the remaining 82 years of the lease.
Perhaps it is all getting too hard for the current owners especially heading into an uncertain economic future but I don't think a 10% return is going to excite too many buyers, especially if there is environmental questions hanging over the site.