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Chinese-backed developer takes to market 2 Channel Seven sites in Sydney

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Chinese-backed developer takes to market 2 Channel Seven sites in Sydney

Chinese-backed developer Aqualand is divesting two sites in Sydney's Pyrmont suburb that are being used by Australian television network Channel Seven as headquarters and car park until November, The Australian Financial Review reported.

No price expectation was disclosed for the land plots at 6 Darling Island Rd. and 34-38 Pirrama Rd., according to the publication, which noted that the properties were collectively acquired by the Sydney-based company in 2015 for A$180 million.

While there are no development plans yet for the network's headquarters at 34-38 Pirrama Rd., the car park at 6 Darling Island Rd. has been earmarked for an eight-story, 32-unit apartment building, the March 21 report added.