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Star Entertainment sells Sydney events complex for $60M, plans new theater and music venues.
Star Entertainment Group has agreed to sell a major Sydney events complex for $60 million to Foundation Theatres, owned by Stephen Found, to advance plans for a new theatre and live music venue in Pyrmont.
The deal includes converting the existing events center into a 1,550-seat Broadway-style theatre and a 1,000-seat contemporary music venue, alongside building a 550-seat cabaret room next to the Sydney Lyric.
This sale helps Star Entertainment address financial challenges.
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Star Entertainment vende el complejo de eventos de Sydney por $60M, planea nuevos teatros y locales musicales.