The Australian brings word that Lang Walker is looking to sell the DEEWR bouncy castle for $280 million.
Mr Walker, who remains cashed up after selling most of his massive property holdings in 2006 for $1.25bn, told The Australian he was upbeat about the prospects for Canberra and would wade deeper into that market after the DEEWR project went “exceptionally well”.
“We have had over the years a pretty good exposure to Canberra. We have a major industrial estate down there and finished last year a 40,000sq m commercial building to DEEWR on a 15-year lease,” Mr Walker said.
“We probably know a lot more about the Canberra market than we did a few years ago. We think there is a fair bit of depth down there. The second-grade office space has been hammered very heavily.”
Just as long as they can keep a lid on the zumba.