The ABC has cashed in on demand for last-mile logistics sites in Sydney after selling its former television studios in Artarmon on the Lower North Shore to industrial giant Goodman Group for $95 million.
The ABC has cashed in on demand for last-mile logistics sites in Sydney after selling its former television studios in Artarmon on the lower north shore to industrial giant Goodman Group for $95 million.
For Goodman, the site’s incumbent industrial zoning, proximity to major arterial roads and suitability for last-mile fulfilment facilities,The ABC put its production facility at Gore Hill on Sydney’s lower north shore up for sale in late 2021 “We purchased the site because of its scale, and its location in a tightly held market,” explained Jason Little, CEO Australia at Goodman Group.“This is aligned to our strategy of owning assets in markets where barriers to entry are high, supply is limited, and demand is strong,” he added.
However, when the ABC shifted its Sydney headquarters to inner-city Ultimo in 2003, usage of the Gore Hill site began to shrink, culminating in the decision to sell its remaining landholding two years ago.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ABC accuses News Corp and Daily Mail of amplifying misogynist Twitter abuse of Lisa MillarTrolling of News Breakfast host over her outfit reported by the media outlets with screenshots and abusive tweets
Read more »
Perth's billion-dollar gold scandal - ABC RadioAs the saying goes: all that glitters is not gold. And at the Perth mint, which is in the business of selling the precious metal, that's certainly the case at the moment. An ABC investigation has found that holes in the mint's compliance regime could have left it a target for criminals trying to launder money. Today, ABC TV Four Corners reporter, Angus Grigg, on why that could end up costing taxpayers millions of dollars. Featured: Angus Grigg, ABC TV Four Corners reporter
Read more »
ABC host Lisa Millar reveals anger but also hope after news sites republish ‘foul’ online abuseMinister for women Katy Gallagher takes media to task for choosing ‘clickbait’ over community responsibility
Read more »
Sydney auction wrap: house prices to rise as limited stock increases buyer competition - realestate.com.auBoosted by government incentives, first home buyers are seeing opportunity in a market still hit hard by interest rate worries.
Read more »
Fresh CCTV of shooting emerges as hunt for Sydney dad's killer continuesCCTV has today emerged of the moment Sydney father Taha Sabbagh was murdered in front of his 12-year-old son outside a gym in the city's west. WesternWilson9 9News MORE:
Read more »