Major assets for tender
In its 2008 mini-budget, the NSW Government announced plans to divest a range of government-owned property assets currently owned by Sydney Harbour Foreshore Authority.
This portfolio of assets is based in Sydney's Darling Harbour and The Rocks which combine to represent Australia's premier tourism precincts for both recreational tourism and business tourism. The extensive range of attractions in these precincts, including Sydney Convention and Exhibition Centre, draw more than 27 million visitors each year to Darling Harbour and more than 13 million to The Rocks, reinforcing Sydney's role as Australia's premier destination.
This Request for Tender represents a once-only opportunity to purchase the future lease income from these assets through a concurrent lease structure.
Asset portfolio
The Authority is inviting tenders, in accordance with the Request for Tender document, from entities with suitable bona fides to:
1. acquire the Authority's ground leasehold interest by a concurrent lease for the following assets:
- Ibis Hotel, Darling Harbour
- Novotel Rockford, Darling Harbour
- Novotel Sydney, Darling Harbour
- Old Sydney Holiday Inn, The Rocks
- Park Hyatt, The Rocks
- Shangri-la Hotel, The Rocks
- Darling Walk, Darling Harbour
- Harbourside Shopping Centre, Darling Harbour
- Imax Theatre, Darling Harbour
- Sydney Aquarium and Sydney Wildlife World, Darling Harbour
2. acquire a leasehold interest in the Harbourside Car Park, Darling Harbour
3. acquire the Authority's freehold interest in Promontory Car Park, Pyrmont
Request for Tender: Acceptance of Tenders
The Authority appreciates that tenderers may wish to acquire all or one or more of the assets. On this basis, tenders may request to:
For more information
For a summary of relevant information pertaining to each asset, download the Information Memorandum.
