Property veteran buys $66.5m freezer warehouse; Thredbo owner to sell $300m block; Pearl Bondi gets approval
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
08-07-2025
- Sydney Morning Herald
Sydney hotel won't win any beauty awards, but it's all about location
I'm on one of the top floors, so my room features a floor-to-ceiling window not found on the lower storeys. It's narrow and on my previous stay I was concerned it would mean non-north facing rooms would be dark. I'm facing east on this occasion and the room remains bright late in the day as the sun bounces off the Radisson Blue Plaza opposite. At this height, that hotel looks very European so my view leaves me feeling a little like I'm in Paris rather than Sydney. The design changes are subtle from my last stay – the bedheads and bedside tables have been replaced with more modern versions, as has the lighting and carpet. The room is compact but functional enough, though something that bothered me last time – the desk sitting directly under the large TV screen – remains the same. The bathroom is also on the smallish side, with no bathtub, but at least it is an actual room with a door on it, unlike so many other modern hotel bathrooms. Toiletries are from Thankyou in large re-fillable bottles (though there's no moisturiser). Like many hotels these days, guests are encouraged to forego daily servicing ostensibly for sustainability reasons (though it also saves the hotel money, of course). However, in a nice touch, Rydges actually rewards guests with a $10 credit for food and drink every time they skip servicing. The food The restaurant remains the same as it was as the Tank Stream – Le Petit Flot, which features a French menu with Japanese flourishes, such as wagyu tartare, barramundi with seaweed butter or beef cheek with red wine miso jus. A new addition is the wine bar Poco off the lobby, with Italian-influenced share plates. Breakfast at Le Petit Flot is a standard buffet with all the items you'd expect. Stepping out You're in the heart of the CBD, with the emphasis on the B, so you won't find many attractions on your doorstep, but there is a multitude within a short walk. One of the closest is the Museum of Contemporary Art Australia at Circular Quay. The verdict While its original design limits what any brand can do with the building, Rydges has done a decent job of sprucing up the property. The central location means the best of the city is on your doorstep or at least a short walk or train/tram ride away. Lowlight My bed is rather noisy when getting up and down. It doesn't bother me too much but might bother couples (particularly amorous ones).
The Age
08-07-2025
- The Age
Sydney hotel won't win any beauty awards, but it's all about location
I'm on one of the top floors, so my room features a floor-to-ceiling window not found on the lower storeys. It's narrow and on my previous stay I was concerned it would mean non-north facing rooms would be dark. I'm facing east on this occasion and the room remains bright late in the day as the sun bounces off the Radisson Blue Plaza opposite. At this height, that hotel looks very European so my view leaves me feeling a little like I'm in Paris rather than Sydney. The design changes are subtle from my last stay – the bedheads and bedside tables have been replaced with more modern versions, as has the lighting and carpet. The room is compact but functional enough, though something that bothered me last time – the desk sitting directly under the large TV screen – remains the same. The bathroom is also on the smallish side, with no bathtub, but at least it is an actual room with a door on it, unlike so many other modern hotel bathrooms. Toiletries are from Thankyou in large re-fillable bottles (though there's no moisturiser). Like many hotels these days, guests are encouraged to forego daily servicing ostensibly for sustainability reasons (though it also saves the hotel money, of course). However, in a nice touch, Rydges actually rewards guests with a $10 credit for food and drink every time they skip servicing. The food The restaurant remains the same as it was as the Tank Stream – Le Petit Flot, which features a French menu with Japanese flourishes, such as wagyu tartare, barramundi with seaweed butter or beef cheek with red wine miso jus. A new addition is the wine bar Poco off the lobby, with Italian-influenced share plates. Breakfast at Le Petit Flot is a standard buffet with all the items you'd expect. Stepping out You're in the heart of the CBD, with the emphasis on the B, so you won't find many attractions on your doorstep, but there is a multitude within a short walk. One of the closest is the Museum of Contemporary Art Australia at Circular Quay. The verdict While its original design limits what any brand can do with the building, Rydges has done a decent job of sprucing up the property. The central location means the best of the city is on your doorstep or at least a short walk or train/tram ride away. Lowlight My bed is rather noisy when getting up and down. It doesn't bother me too much but might bother couples (particularly amorous ones).
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.
