Property developers to flip Nine Willoughby site

Nine’s Willoughby site is back on the market, less than two months after receiving approval for a $400 million-plus masterplan to develop 460 apartments.

Joint venture partners Lotus Group and Hong Kong-based Euro Properties plan to flip the 2.9-hectare site, which is being marketed as having a gross realisation value of more than $1 billion.

Nine sold the site in 2015 for for $147.5 million in 2015, but it is now tipped to fetch north of $200 million.

Nine expects to relocate to a tower currently under construction at 1 Denison Street in North Sydney in mid 2020 ending a 60+ year run at its Willoughby site.

It has been home to such shows as Bandstand, The Paul Hogan Show, The Mike Walsh Show, Midday, 60 Minutes, A Current Affair, Coast to Coast, The Footy Show, Today and Mornings with Kerri-Anne.

The new site comprises 16,000 square metres across eight floors of the 37 floor building with new studios, office space, meeting rooms and a garden terrace.

There were previously plans for a street level news studio, visible to public.

Source: The Urban Developer

4 Comments:

  1. thedirtydigger

    And I believe all the yet to be built apartment towers will be named after famous Nine TV shows…including Bandstand, 60 Minutes, Midday, A Current Affair, Getaway … hey who want to live in the Burke’s Backyard Tower ?

    • All the winners over the 14 seasons plus this years will return to compete against each other, then they’ll throw intruders like Georgia and Ronnie into the mix along with Alisa and Lysandra. Plus Dan and Dani in a shock move that will be billed as controversial because Danny has up until that mid-season point still been doing his Foreman duties.

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