‘Unfair treatment’: Steve Bracks’ office company blasts AMP over lockout

AMP put padlocks on the doors at three high-profile CBD buildings in Melbourne and Sydney that were occupied by flexible office provider Victory Offices at the start of this month after Victory defaulted on its rent.The relationship between the two companies has broken down as they have failed to come to an agreement over the owed rent, with AMP hitting back at ASX-listed Victory and claiming it has not paid rent since before the coronavirus pandemic struck. Victory does not dispute this.

“AMP Capital’s actions have damaged our business, our brand and undermined the confidence and trust of our shareholders and market,” the spokesperson said. The spokesperson said Victory had provided more than $1 million in rent relief to its members but AMP had refused to give a reduction despite being offered solutions.However, an AMP spokeswoman said Victory first defaulted on its rent in 2019 and that AMP had provided ample warning it would need to take action over “significant outstanding debts”.

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