Telstra hoping to get $300 million through selling the Pitt Street telephone exchange building.
https://www.commercialrealestate.com.au/news/telstra-readies-300m-telephone-exchange-for-sale-962689/
But it will be leasing it back.
I'm not a big fan of selling something and then leasing it back. Is selling your home and then paying rent to stay there a smart long term decision? It can work if the proceeds are put towards specific alternative long term growth investments I guess, but otherwise it seems like a short term sugar hit for long term increased costs.
Telstra hoping to get $300 million through selling the Pitt...
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