Fairfax Media sells Tullamarine print site to luxury automotive company Zagame Group

Fairfax Media has sold its its Melbourne Tullamarine print site for $16m, three years after the site was closed down as part of the Fairfax for the Future scheme.

The property has been purchased by Bobby Zagame, managing director of the Zagame Group which owns and operates Zagame Automotive. The company is the official Victorian dealer for Ferrari, Maserati, Lamborghini.

According to the announcement on the ASX, contracts between the two parties have been exchanged with settlement expected to occur on September 21.

In June 2012 Fairfax Media closed two of its major presses at Chullora and Tullamarine, axing 1,900 jobs amid a round of sweeping cuts which saw hundreds of jobs go across the business.

The Melbourne print site fronts the Tullamarine Freeway near Melbourne’s main airport. It was first opened in 2003 to print The Age and other Fairfax newspapers.

Fairfax’s former Sydney print site in Chullora remains on the market.

Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

Linkedin

topics Fairfax Media sale

Share Tweet Share

Comments: 2

Fiarfax Medai 5 Aug 15

C’mon Mumbrella, you’re better than this. “Fiarfax”

User ID not verified.

Miranda Ward 5 Aug 15

Hi Fiarfax Medai,

Thanks for the comment, I’ve fixed the typo.

Miranda – Mumbrella

---