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.

2 months ago
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