Mar 15 2017Add to Favorites
Carolyn Cummins, The Sydney Morning Herald
A half-share in the tallest building in Sydney, the $1.1 billion MLC Centre is up for grabs as the co-owner QIC Global Real Estate is looking to take advantage of the hot office market.
The stake was offered to the other owner, GPT Group, as a first right of refusal, but GPT declined saying it was focused on developing other parts of its business, including new mixed-use projects, across the country.
SOURCE: The Sydney Morning Herald
Segmenting the population by generation is part of popular culture. The generation that came of age in the 1970s is very different to that of the 1980s or 2000s, having grown up with different technology, political and social events.
When the market gets difficult as it is currently it makes you step back and re-assess. Whilst you can do all of the objective commercial assessment in the world, key drivers are ultimately emotional and psychological. Fundamentally it is your "why" that governs your "how". The strength of these emotional and psychological drivers is what gives you the ware withal and grit to know when to hold, fold, walk away or run.
A few years ago I watched an ESPN documentary on NBA and NFL players and this phenomenon how when their careers are up after their moment in the sun, most, 60% and 78% respectively, end up financially destitute. When you think about the fact that most of these professional athletes earn more in just a year of their career than what most of us will earn via our working jobs in a lifetime, yet end up with nothing, it is really a really interesting phenomenon. On the other hand, there is the story of the UPS worker who never earned more than $14,000 a year and invested consistently, amassing a fortune of $70 million over his lifetime, $36m of which he donated to education-based charities to support young people getting a quality education.
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