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Owner of Naval Group’s headquarters backs submarines switch

Simon Evans
Simon EvansSenior reporter

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The boss of a $3 billion ASX-listed property funds manager which owns the office building where French company Naval Group has its Australian headquarters says the decision by the federal government to switch to nuclear-powered submarines will ultimately be a plus for the South Australian economy.

The new deal means an existing $90 billion agreement with Naval Group will be scrapped.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/owner-of-naval-group-s-headquarters-backs-submarines-switch-20210917-p58siv