Nine Network to Sell Richmond Studio to Lend Lease For $52 Million

Any sale by Nine would coincide with reports its cashed-up executives have been scouring the CBD and city fringe market recently for new offices and studios to lease or buy.
 
Nine’s Richmond studio, and another in Willoughby, Sydney, were formally listed for sale two years ago, and just weeks before the economic downturn savaged institutional demand.
 
A consortium including Charter Hall, Crane Corporation and R.Corporation nearly bought the Richmond studio early last year, but when an agreed price was lowered during the due diligence process, the assets were withdrawn from sale, with Nine saying it would instead re-invest into its Richmond studio.

Related article: Channel Nine May be Revisiting Plans to Sell Studios, and Lease

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Marc Pallisco

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

Marc Pallisco

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