Pretty soon, there will be no "property" owned by the Australian People, as Fahour and the The Turnbull Turkey - sell it all, shut it down and sack everyone...
And the distant memory of Australia Post will fade into the mists of time.
http://www.smh.com.au/business/property/altona-factory-delivers-australia-post-25m-from-mirvac-20160623-gppxmv.html
Altona factory delivers Australia Post $25m from Mirvac
Australia Post is continuing to sell prime property assets, this time collecting a speculated $25 million from Mirvac for an Altona industrial investment that was delivering the cash-strapped government department annual rent of $2.6 million.
The 6.4-hectare former distribution centre at 26-38 Harcourt Road, about 10 kilometres south-west of the CBD, includes a building area of 32,700 square metres leased short term to DHL. The campaign also offered a neighbouring 2.3 hectare tract of vacant land.
Formerly owned by ION Automotive, the factory is expected to become a leased investment under Mirvac's control. The Sydney-based property giant and Gill Property's Graham Hemingway, representing Australia Post, did not comment about the deal, formalised this month.
The sale is the latest directed by Australia Post's Ahmed Fahour, the country's highest-paid public servant. It was recently revealed the ex-NAB chief plans to sell six more Australia Post assets including the Bourke Street and Martin Place, Sydney, complexes.
A few weeks ago, the company sold a historic former post office in Maling Road, Canterbury – an investment returning annual rent of $312,000 – for $7.365 million.
Last year Australia Post sold a 9200 sq m Rosslyn Street, West Melbourne, site, to Trenerry Property for a speculated $40 million after in 2013 selling the historic Eliza Tinsley site, at 640 Bourke Street in town, for $22 million, to a Chinese developer.
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