ABC to sell Lanceley Place, Artarmon property
Jonathan ChancellorDecember 7, 2020
Following yesterday's announcement of cuts to its budget, the Australian Broadcasting Corporation (ABC) will undertake a comprehensive review of all its property holdings.
The portfolio is estimated to be worth about $700 million.
Already is has been decided Lanceley Place, Artarmon in Sydney, will be sold.
It is not yet known if the building or just the carpark will be sold.
It was maintained because it houses the ABC helicopter, sets and wardrobe storage and the ABC outside broadcast vans, which are also to be phased out.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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