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There’s nothing like the smell of vested interest on a Friday afternoon.
In classic rent-seeking fashion, office developer Lendlease has declared that companies must get their staff back into city offices to ensure business and productivity goals are achieved. At the same time, Lendlease is forging ahead with giant skyscrapers in Sydney and Melbourne and desperately needs warm bodies to fill them:
“People just love being able to come back and have a really good cup of coffee,” [Lendlease chief executive of property for Australia Kylie Rampa] said…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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