Nek minute at AGM:
”we have decided to cancel the property sale as we need somewhere to store all the SkyGlass TVs we have ordered”
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UK Sky glass goes on sale today, be interesting to see what kind of sales it generates in its initial launch
Better get news soon or we will be back in the cents.
Colliers who has the mandate to sell the Leonard St property has removed the ‘for sale advert’ from its website. It had been there since May.
Either a sale is going through or Sky has decided to pull the property from the market.
Guess there will definitely be an update by Friday?
Place your bets!!!
Can't sey definitely but I think it is highly likely.
And I would be shocked if the sale was pulled at this stage. The question is really going to be around how good a job did Colliers do...did they attract the best buyers and negotiate a compelling price?
Hopefully Sky get above $75M after fees for the campus...$2k/sqm would be over $80M...and in this market some might even argue that Sky should be able to get closer to $2.5k/sqm.
Given the ad was pulled days ago...if the reason was because Sky have decided not to go through with the sale I think they would be required to update the market by now...
So the fact that this has not happened makes me think that the ad has been pulled because they are at the final stages of going unconditional...
Guess the SP is not going to budge until the fat lady sings :D
I've topped up enough recently so will just sit on the fence for now. :)