THE Nine Network has pocketed over $200 million from the sale of its Sydney and Melbourne studio sites.
Charter Hall has been awarded the exclusive right to negotiate the purchase of the Willoughby in Sydney and will team up with R Corporation and Crane Corp for the Richmond site in Melbourne.
The sites will be acquired by Charter Hall’s Opportunity Fund No 5. The Sydney property does not include the transmission tower which is owned by TX Australia and is not part of the sale process.
TCN will continue to occupy both properties for a predetermined period, until it finds suitable alternative premises for relocation.
Australian Property Journal
