Australia Post to sell Sydney GPO freehold
Australia Post has issued a statement today (31 May) saying that it plans to sell the Sydney GPO freehold. According to the company statement: “Australia Post has not operated the site since 1997 when it handed over management under the terms of a 99-year leasehold. A substantive part of the Martin Place site where the Westin Hotel operates was previously sold in 1997 and is now owned by the Sino Group.”
The building remains heritage protected and the existing post office will continue to operate under a lease that remains in place until 2096.
Australia Post added: “This transaction will free up valuable capital to invest in our people and in our services to the community, without any impact on the continued operation of and heritage protections covering the Sydney GPO site.
“There are no current plans for the sale of any other GPO.”
Today’s statement from Australia Post follows on from reports and speculation in the local media.
