A lucrative contract ... 4

Having been alerted by John Hawkins’ excellent research ( Abetz and Channel Highway land deals, HERE ) I decided to google AAD Nominees Pty Ltd.

This imediately throws up a contract between the Commonwealth and the said AAD Nominees Pty Ltd for the lease-back of the Australian Government Antarctic Division Head Office at Kingston from AAD Nominees Pty Ltd for the period 1 June 2004 to the 30 June 2024 … 20 years for the sum of $44 million.

If one is lucky enough to buy such a property for $10 million, get it rezoned and lease it back to the vendor at 22 per cent basic return, you have indeed won the jackpot.

Download the Contract Notice: Contract_Notice.pdf