Vicdeaf Property Update May 2014

Below is an update about Vicdeaf's property review from Christine Mathieson, Chief Executive Officer for Vicdeaf.

Hi Everyone,

I would like to provide an update about Vicdeaf’s property review.

As you may remember, in my last update I said that our office building at 340 Albert Street did not meet our needs into the future and that we were considering selling the building.   At a meeting on Tuesday 15 April 2014 the Board decided to put the Albert Street building on the market in the hope that we can find a buyer.

The Board is keen to make sure we get the best possible price for the building, as this will help us with service delivery in the years to come. If we don’t get the best possible price, then we will not sell at this stage. If we do sell, we aim to lease our Albert Street offices back for up to five years, which will give us plenty of time to work out what will best suit our needs in the future. This means that regardless of the outcome of the sale, for the next few years we aim to remain at Albert St with minimal change for our clients and staff.

If we do sell Albert Street, then we will have specific community forums to talk about this in more depth and get your input about what we might do in the future. We also plan to form an Advisory group to help us with our decisions.

I will keep you informed of this process and update you again as soon as possible.

Christine Mathieson

Chief Executive Officer



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