Old manufacturers don’t die in Australia they just become apartments, from the AFR:
Goodman Group has emerged as the frontrunner for car giant General Motors Holden’s sprawling Fishermans Bend site in inner-city Melbourne, in a deal worth as much as $130 million.
The car maker put the 37-hectare site on the market in July 2015, after announcing two years ago it would end manufacturing in Australia in 2017.
It excited considerable interest from a number of listed and private players, including GPT Group, Dexus, MAB Corporation, transport company Linfox and Altis Property Partners.
The Fishermans Bend area is undergoing considerable change. A vast swathe of 455 hectares has been designated an urban regeneration precinct, with many landlords busy preparing development applications.
And so the Australian economy hollows itself itself out just that little bit more.
