National Breaking News

National Trust angered by Sydney GPO sale

The National Trust says the historic Sydney GPO building is “not being protected” after Australia Post finalised the sale to a foreign business venture operated by two Singaporean billionaires.

Federal Environment Minister Josh Frydenberg signed off on the heritage management plan this week, paving the way for the sale of the sandstone building in Martin Place to be finalised.

A joint venture between Far East Organisation and Sino Land Company paid about $150 million for the iconic building.

The venture already held a 99-year lease on the site and owns the adjoining Westin Hotel.

Australia Post moved to appease critics by seeking National Heritage listing for the building to “reinforce existing heritage protections”.

“From the very outset of this sale process protection of the heritage value of the Sydney GPO has been foremost in our approach,” Australia Post general manager of property Adam Treffry said on Wednesday.

But the National Trust had called for Mr Frydenberg and Prime Minister

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