All stupendous commentary aside, one thing that is for sure......

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...