Oxfam Australia has announced the sale of its head office building in Melbourne following a comprehensive review of the organisation’s long-term office needs.
The sale to international student accommodation provider Scape Australia Management was undertaken after independent, expert commercial real estate advice from Ernst & Young and based on a review finding that the Carlton building was no longer suited to Oxfam’s long-term needs.
The review found the sale would optimise the use and investment of Oxfam’s assets for its purpose-driven work in tackling poverty and inequality around the world.
“The familiar Oxfam green building in the heart of Carlton has been the professional ‘home’ of staff for almost 13 years,” Oxfam Australia Chief Executive Lyn Morgain said.
“We recognise that staff – who have been informed of the sale and will be kept abreast of developing plans to meet our office needs – have a strong connection with this space. The building has a great deal of history and significance for our people, partners, supporters and friends of Oxfam.”
Ms Morgain said there was a settlement period of 12 months for the sale of the Leicester Street property, which allowed adequate time to consider Oxfam’s future needs and look for a new, more suitable Melbourne office space.
“The sale will support Oxfam’s work tackling poverty and inequality around the world and ensure the organisation’s assets are utilised optimally for our purpose,” Ms Morgain said.
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