Project Name          Valuation for SHFA Property Divestments
Prepared For           Sydney Harbour Foreshore Authority
Project Date            October 2009

  

   
Project Details  
   

The NSW Government in its November 2008 mini-budget announced plans to divest a range of state-owned property assets held by the Sydney Harbour Foreshore Authority (SHFA).

Hill PDA was appointed to assess the value of SHFA's interest as Lessor in the following properties in Sydney's Darling Harbour and The Rocks to inform the Authority's Divestment Strategy:

Darling Harbour

  • Ibis Hotel
  • Novotel Century
  • Novotel Sydney
  • IMAX Theatre
  • Sydney Aquarium and Wildlife World
  • Harbourside Shopping Centre
  • Darling Walk

The Rocks

  • Shangri-la Hotel
  • Old Sydney Holiday Inn
  • Park Hyatt

The values of the leasehold interest in the Harbourside Car Park (Darling Harbour) and the freehold interest in the Promontory Car Park (Pyrmont) were also assessed.

 

Back to Valuations