Latest news with #EVT
Hospitality Net
13-06-2025
- Business
- Hospitality Net
Stella Blythe has been appointed Senior Vice President of Development, Asia at EVT Singapore
EVT welcomes Stella Blythe as Senior Vice President of Development, Asia. Part of the team leading EVT's expansion into the dynamic and fastest-growing region of the world, Blythe brings over a decade of knowledge in hotel valuation and brokerage experience across EMEA and APAC. Named the International Society of Hospitality Consultants Rising Star in 2024, Blythe was most recently Director of Hotels & Hospitality, Capital Markets at CBRE Asia, based in Singapore. Blythe officially joins the EVT team on 3rd of June, based in the QT Singapore office.
The Age
13-06-2025
- Business
- 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
- Business
- 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
- Business
- 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'.
Herald Sun
04-06-2025
- Business
- Herald Sun
ASX jumps 0.66pc, approaching all-time highs
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest. In brief, this is what the markets have been up to this morning. US markets approach all-time highs It was another day of gains in the US overnight, with all three major indices posting solid advances. The Nasdaq lifted 0.8%, recovering its year-to-date losses caused by the tariff war, while the S&P500 is about 3% off its all-time highs after gaining 0.6%. The vast majority of the S&P500 and Nasdaq's strength is coming from tech and communications stocks, which have been moving from strength to strength as AI demands increase. While the gains have not been even across the board, several tech stocks stand out in what was a fairly bearish market until last month. Netflix Inc is up 35% for the last six months, Microsoft 7.37% and Meta 8.67%. Asustek Computer (better known as Asus) added 6.16% while Broadcom Inc has surged more than 50% in the same period. The same pattern holds largely true for the Australian market as well. The Telecomm sector has gained more than 13% for the year so far, the largest percentage increase for that period of any ASX sector. Telstra (ASX:TLS) has added more than 21% to its share price in the year to date, entertainment company EVT (ASX:EVT) has surged 42%, Aussie Broadband (ASX:ABB) is up 17% and internet provider TPG (ASX:TPG) has gained 16%. ASX continues to build momentum The ASX has surged 0.66% in the first hour of trade, closing in an all-time highs that now sit just over 1% away. Every sector is flashing green, with particular strength in Energy, which has rocketed more than 2% higher on the back of rising oil prices. Crude hit a 2-week high overnight, rising 1.5% to US$65.63 a barrel of Brent. Resources stocks are also making moves, driving the ASX 200 Resources index almost 1% higher, while the Banks and Tech sectors bring up the rear, adding 0.65% and 0.48% to their indices respectively. The ASX is unlikely to set a new all-time high today… but we're well within shouting distance of it this week. WINNERS Code Name Last % Change Volume Market Cap JAY Jayride Group 0.002 100% 627513 $1,427,889 MOM Moab Minerals Ltd 0.002 100% 1000000 $1,733,666 BM8 Battery Age Minerals 0.067 37% 1573826 $5,972,699 EEL Enrg Elements Ltd 0.002 33% 500000 $4,880,668 NAE New Age Exploration 0.004 33% 241447 $7,978,197 SFG Seafarms Group Ltd 0.002 33% 290025 $7,254,899 EPM Eclipse Metals 0.02 33% 32168721 $42,987,285 ADN Andromeda Metals Ltd 0.0145 32% 36818467 $41,946,774 MIO Macarthur Minerals 0.018 20% 138888 $2,994,983 ARV Artemis Resources 0.006 20% 1847664 $12,642,647 In the news... Andromeda Metals (ASX:ADN) has secured a $75m debt facility with Merrick Capital after an extensive due diligence period, obtaining both an endorsement of its Great White project's economics and a large chunk of the change needed to develop the project. ADN plans to use kaolin from the Great White project to produce 4N high purity alumina, a valuable critical mineral used in lithium-ion batteries and semiconductors among other high-tech applications. LAGGARDS Code Name Last % Change Volume Market Cap BRX Belararoxlimited 0.061 -27% 1077443 $13,253,417 BP8 Bph Global Ltd 0.0015 -25% 20000 $2,101,969 PRM Prominence Energy 0.003 -25% 4125 $1,556,706 TAS Tasman Resources Ltd 0.02 -20% 8700 $4,603,565 TEG Triangle Energy Ltd 0.002 -20% 843 $5,223,085 TMX Terrain Minerals 0.002 -20% 1712757 $5,621,392 GGE Grand Gulf Energy 0.0025 -17% 180000 $8,461,275 PIL Peppermint Inv Ltd 0.0025 -17% 174011 $6,828,269 PRX Prodigy Gold NL 0.0025 -17% 6392507 $9,525,167 5EA 5Eadvanced 0.52 -15% 10490 $9,136,299 At Stockhead, we tell it like it is. While Andromeda Metals is a Stockhead advertiser, it did not sponsor this article This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX surges at open with all sectors in the green
