The ABC to proceed with proposal to sell its Artarmon production site
The ABC has signalled its proceeding with its proposal to sell its production site in Artarmon.
The public broadcaster has announced initial steps to “dispose” of the 14,000 sqm studios and production facility.
It is on Campbell St and Lanceley Place.
The likely listing follows a review of its property holdings across Australia.
The site, known as Studio 26, is used for various productions and contains a soundstage.
The will seek leaseback arrangements for a period of time with the buyer.
The move will end the ABC’s presence on Sydney’s north shore after relocating its headquarters to Ultimo in 2003 from the Gore Hill studios, located next to Studio 26, that operated from 1956.
It is now the Gore Hill Technology Park with a data centre currently under construction on the corner of the Pacific Hwy and Broadcast Way.
Channel 9 closed its Sydney headquarters in Willoughby to relocate last year to North Sydney.
The Mirvac Group secured the landmark site last year in a deal worth about $227 million.
After the sale by Colliers International, Mirvac advised it intends to redevelop the site in accordance with the previously approved plans for 460 units across 10 buildings of up to nine storeys tall.
The vendors, Michael Jiang’s Lotus Capital and Hong Kong-based Euro Properties, had paid $147 million for the site in 2015.