Neil Perry chooses Sydney’s east for new venture

Neil Perry retired from Rockpool Dining Group last July.

Six months since retiring from Rockpool Dining Group, Neil Perry will resurface, in Sydney’s Double Bay.

The restaurateur has signed a 10 year lease for 419 square metres at Pallas House, under construction at 30-36 Bay Street.

The ground floor space will seat 128 – with another 50 patrons allowed outdoors.

Mr Perry established the Rockpool chain, which he sold for $60m in 2016 to a company with which he remained a director until last July.

The 63 year old has run restaurants for four decades.

Double Bay is four kilometres east of the CBD.

Perry’s at Double Bay

The as-yet-unnamed Bay St restaurant is set to open in May.

It will trade lunch and dinner serving Australian cuisine.

Caon Studio and ACME&Co are designing the interior.

“It is going to be a great pleasure to bring to life a world class neighbourhood restaurant that everybody can enjoy,” Mr Perry said (story continues below).

Pallas House, Double Bay

Pallas House is at the south west corner of Guilfoyle Avenue.

The project involves adding two office levels to an existing triple storey building – and refurbishing the lot to make the workplace A-grade.

Pallas is a subsidiary of Fortis Development Group which paid $48m for the property and an adjoining one in 2019.

At the time, the structure was earmarked for a luxury apartment repurposing.

Instead, the new office component at 30-36 Bay St will act as Pallas’ Sydney headquarters.

The balance of the commercial space including valuable ground floor shops will be held as an investment.

The refurbishment is costing c$12m.

With the Neil Perry lease, all of the building will be occupied.

Fortis director Charles Mellick said “we are confident that with Perry as our anchor tenant, Pallas House Sydney will go on to become an iconic landmark at the heart of Double Bay’s resurgence”.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco