Business Services Industry
Bracks lashed for office overpayment.
Australasian Business Intelligence, May, 2003
May 01, 2003 (The Australian - ABIX via COMTEX)
The Victorian State Government has signed a 10-year lease in Melbourne's business district for $A260 million. Opposition Leader Robert Doyle attacked the deal, signed with Industry Superannuation Property Trust, as overpriced by $A70 million. The State Government will pay $A386 per sq m, compared with BHP Billiton's $A300 per sq m, National Australia Bank's $A300 per sq m, and PricewaterhouseCoopers' $A350 per sq m. Doyle requested Premier Steve Bracks sack ministers Sherryl Garbutt and Marsha Thomson. The Victorian Ombudsman found a conflict of interest between the ministers and Estate Agents Guarantee Fund.
Publication Date: 2 May 2003
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