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Circular Quay set for new hotel and apartments after Gold Fields House sale

Sydney’s iconic Circular Quay precinct is to get a facelift with the addition of a five-star hotel and upmarket apartments, following the sale of the Gold Fields House at 1 Alfred Street to the Chinese Dalian Wanda Group for $415 million. The sale, foreshadowed in BusinessDay last month, is one of the largest along the landmark strip, which is earmarked for several  redevelopment projects that will start this year. Read more: http://www.smh.com.au/business/property/circular-quay-set-for-new-hotel-and-apartments-after-gold-fields-house-sale-20150126-12yd4j.html#ixzz3Q6NZJCew

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.