Property veteran buys $66.5m freezer warehouse; Thredbo owner to sell $300m block; Pearl Bondi gets approval
EVT, run by long-standing chairman and major shareholder, the rich lister Alan Rydge, is selling the property to focus on its hotel division which includes brands such as QT and Rydges, and Thredbo ski resort. The latest annual report has the property portfolio worth about $2.3 billion.
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It comes with a stage 2 development approval for a 43-level, 28,283-square-metre mixed-use tower including residential, hotel, cinema, and retail space.
The high-rise levels of the tower will include 98 luxury apartments, totalling 12,671 square metres. In addition, an 11,068-square-metre five-star lifestyle hotel will occupy the low to mid-rise section of the tower, featuring 285 premium rooms with bar, restaurant and conference facilities.
The retail part of the development will include tenancies with street frontage along George Street of 405 sq m, and 333 sq m along Albion Lane.
The existing Event Cinemas complex currently operates sixteen screens across the 525 and 505 George Street properties. The full complex will remain operational until 525 George's redevelopment starts, after which fewer screens will operate.
CBRE's Michael Simpson, Ben Wicks and Tom Gibson are managing the sale.
New airport
The hotel sector is anticipating a jump in demand following the completion of the construction of the Western Sydney's International (Nancy-Bird Walton) Airport terminal in Badgerys Creek.
Accommodation Australia chief executive James Goodwin said it was encouraging to see the momentum building for the new airport.
'We know each and every international flight will go a long way to help fill more hotel rooms and create more secure jobs in the accommodation sector, not only in Sydney, but right across the country – and that's good news for the entire sector,' Goodwin said.
The new airport is on track to open for domestic, international and air cargo services in late 2026.
Bondi build
Central Elements has expanded its presence in the eastern suburbs with approval being gained for a $150 million development of luxury apartments.
Located at 20-22 Sandridge Street and 21 Wilga Street, the Pearl Bondi complex will overlook the beach. It was designed by architects MHNDU and the interiors by Madeleine Blanchfield.
Building is expected to start later this year on the amalgamated 2050-square-metre site.
There will be seven three-bedroom residences – two houses and five house-size apartments on the oceanfront.
Parramatta lease
Space within the recently refurbished Parramatta Town Hall is up for lease.
Completed in 1883, the Victorian Free Classical architectural style building was built to serve as the town hall and municipal chamber for the Borough of Parramatta.
The space within 7 Parramatta Square, known as the Jubilee Hall, has an internal footprint of 122 sq m, with outdoor licensed seating of 57 sq m fronting the adjacent laneway and neighbouring the recently opened Ippudo Ramen restaurant.
Colliers' Janelle Coorey and Liz Chuck have the listing.
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The Age
13-06-2025
- The Age
Property veteran buys $66.5m freezer warehouse; Thredbo owner to sell $300m block; Pearl Bondi gets approval
EVT, run by long-standing chairman and major shareholder, the rich lister Alan Rydge, is selling the property to focus on its hotel division which includes brands such as QT and Rydges, and Thredbo ski resort. The latest annual report has the property portfolio worth about $2.3 billion. Loading It comes with a stage 2 development approval for a 43-level, 28,283-square-metre mixed-use tower including residential, hotel, cinema, and retail space. The high-rise levels of the tower will include 98 luxury apartments, totalling 12,671 square metres. In addition, an 11,068-square-metre five-star lifestyle hotel will occupy the low to mid-rise section of the tower, featuring 285 premium rooms with bar, restaurant and conference facilities. The retail part of the development will include tenancies with street frontage along George Street of 405 sq m, and 333 sq m along Albion Lane. The existing Event Cinemas complex currently operates sixteen screens across the 525 and 505 George Street properties. The full complex will remain operational until 525 George's redevelopment starts, after which fewer screens will operate. CBRE's Michael Simpson, Ben Wicks and Tom Gibson are managing the sale. New airport The hotel sector is anticipating a jump in demand following the completion of the construction of the Western Sydney's International (Nancy-Bird Walton) Airport terminal in Badgerys Creek. Accommodation Australia chief executive James Goodwin said it was encouraging to see the momentum building for the new airport. 'We know each and every international flight will go a long way to help fill more hotel rooms and create more secure jobs in the accommodation sector, not only in Sydney, but right across the country – and that's good news for the entire sector,' Goodwin said. The new airport is on track to open for domestic, international and air cargo services in late 2026. Bondi build Central Elements has expanded its presence in the eastern suburbs with approval being gained for a $150 million development of luxury apartments. Located at 20-22 Sandridge Street and 21 Wilga Street, the Pearl Bondi complex will overlook the beach. It was designed by architects MHNDU and the interiors by Madeleine Blanchfield. Building is expected to start later this year on the amalgamated 2050-square-metre site. There will be seven three-bedroom residences – two houses and five house-size apartments on the oceanfront. Parramatta lease Space within the recently refurbished Parramatta Town Hall is up for lease. Completed in 1883, the Victorian Free Classical architectural style building was built to serve as the town hall and municipal chamber for the Borough of Parramatta. The space within 7 Parramatta Square, known as the Jubilee Hall, has an internal footprint of 122 sq m, with outdoor licensed seating of 57 sq m fronting the adjacent laneway and neighbouring the recently opened Ippudo Ramen restaurant. Colliers' Janelle Coorey and Liz Chuck have the listing.
Sydney Morning Herald
13-06-2025
- Sydney Morning Herald
Property veteran buys $66.5m freezer warehouse; Thredbo owner to sell $300m block; Pearl Bondi gets approval
EVT, run by long-standing chairman and major shareholder, the rich lister Alan Rydge, is selling the property to focus on its hotel division which includes brands such as QT and Rydges, and Thredbo ski resort. The latest annual report has the property portfolio worth about $2.3 billion. Loading It comes with a stage 2 development approval for a 43-level, 28,283-square-metre mixed-use tower including residential, hotel, cinema, and retail space. The high-rise levels of the tower will include 98 luxury apartments, totalling 12,671 square metres. In addition, an 11,068-square-metre five-star lifestyle hotel will occupy the low to mid-rise section of the tower, featuring 285 premium rooms with bar, restaurant and conference facilities. The retail part of the development will include tenancies with street frontage along George Street of 405 sq m, and 333 sq m along Albion Lane. The existing Event Cinemas complex currently operates sixteen screens across the 525 and 505 George Street properties. The full complex will remain operational until 525 George's redevelopment starts, after which fewer screens will operate. CBRE's Michael Simpson, Ben Wicks and Tom Gibson are managing the sale. New airport The hotel sector is anticipating a jump in demand following the completion of the construction of the Western Sydney's International (Nancy-Bird Walton) Airport terminal in Badgerys Creek. Accommodation Australia chief executive James Goodwin said it was encouraging to see the momentum building for the new airport. 'We know each and every international flight will go a long way to help fill more hotel rooms and create more secure jobs in the accommodation sector, not only in Sydney, but right across the country – and that's good news for the entire sector,' Goodwin said. The new airport is on track to open for domestic, international and air cargo services in late 2026. Bondi build Central Elements has expanded its presence in the eastern suburbs with approval being gained for a $150 million development of luxury apartments. Located at 20-22 Sandridge Street and 21 Wilga Street, the Pearl Bondi complex will overlook the beach. It was designed by architects MHNDU and the interiors by Madeleine Blanchfield. Building is expected to start later this year on the amalgamated 2050-square-metre site. There will be seven three-bedroom residences – two houses and five house-size apartments on the oceanfront. Parramatta lease Space within the recently refurbished Parramatta Town Hall is up for lease. Completed in 1883, the Victorian Free Classical architectural style building was built to serve as the town hall and municipal chamber for the Borough of Parramatta. The space within 7 Parramatta Square, known as the Jubilee Hall, has an internal footprint of 122 sq m, with outdoor licensed seating of 57 sq m fronting the adjacent laneway and neighbouring the recently opened Ippudo Ramen restaurant. Colliers' Janelle Coorey and Liz Chuck have the listing.
AU Financial Review
11-06-2025
- AU Financial Review
Cinema giant flags part-sale of Sydney's George Street complex
Some of the real estate behind one of Sydney's most popular cinema complexes, Event Cinemas on George Street, is up for sale with its ASX-listed owner EVT keen to channel the proceeds into its hotels division instead. At a corporate level, the listing of 525 George Street – one of the buildings that make up the overall complex – is part of EVT's 'asset maximisation programme'.
