News: DCG Decmil Group announces sale of non-core property, page-14

All stupendous commentary aside, one thing that is for sure... An EPCM (primary use of building) consultancy should not have any property on their books - renting office space is by far a better choice, especially given the fast fluctuations with staff levels to man up and down on projects... I understand with Cut & Fill they have plant as well, but office space for their engineers etc - never a good idea, medium/long term leases the way to go.

So of coarse this is a good move, $27M in the kitty - for an otherwise wasted asset on the balance sheet... Probably a good time to be negotiating rates on a long term lease in Perth as well (conversely wonder what they would have gotten for the building 5yrs ago in the boom?)

Now off to rent a floor somewhere hopefully on a higher level with better views...