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VicRoads may find it expedient to move on // Scientologists move on

Title: VicRoads may find it expedient to move on // Scientologists move on
Date: Saturday, 29 May 2010
Publisher: The Age (Australia)
Author: Marc Pallisco
Main source:

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[...]

Scientologists move on

THE Church of Scientology has finally offloaded the CBD headquarters it has occupied for 30 years.

Property developer David Marriner, responsible for the redevelopment of Collins Street’s Regent Theatre, has bought the building, which has redevelopment potential despite being on a small site of about 346 square metres.

The religious group, whose tax-free status has been the subject of two recent Senate inquiries, is believed to have made about $ 8.5 million from the sale of the 1377-squaremetre building at the northeast corner of Flinders Lane and Russell Street.

The Scientologists paid $ 720,000 for the property in 1980. They are moving to the former Sisters of Mercy College in Ascot Vale, which they bought for $ 7 million and have restored.

The Church twice shelved campaigns to sell 42 Russell Street on auction day, leaving agents DTZ and Colliers International to deal with angry potential buyers. Matt Stagg, of Colliers, was the most recent marketing agent.

Among the Church’s starstudded membership are Tom Cruise, John Travolta and Kirstie Alley.

[...]