NSW Commercial Property News

The listed Event Hospitality & Entertainment has an ambitious development pipeline that could see it build at least two major towers in George St in the heart of Sydney’s CBD.

A wholesale fund run by Vicinity Centres has sold the Lidcombe Centre, a subregional centre in Sydney’s western suburbs, to a private investor for about $145 million, as the vehicle winds down.

Chinese-backed developer ICD Property and the City Tattersalls Club have lodged fresh plans for a 49-storey mixed-use project in Sydney’s Pitt Street, more than a year after their first scheme was rejected.

Ramsay Health Care are eyeing a $30 million payday with plans to sell their first Australian and former flagship Northside Clinic in Greenwich.

A landmark piano store in Woollahra is expected to sell to the tune of $4.4 million when it goes to auction on November 3.

The Redcape Hotel Group, which is headed towards a $1 billion-plus float, has snapped up three pubs to the south of Sydney, buying the Central Hotel in Shellharbour, The Figtree Hotel, Figtree, and the Unanderra Hotel in a trio of deals.

The internationally backed hotelier Crystalbrook Collection has made its first foray into Sydney, buying the 35-room Little Albion Guest House in Surry Hills for an aggressive price of about $30 million.

Global fund manager BlackRock has joined the ranks of investors and developers with an exposure to Parramatta, swooping on a Phillip Street building for $56.63 million.

A deal between Charter Hall and two Sydney universities will result in the development of a $280 million engineering innovation hub in Parramatta’s CBD in the city’s west.