Three shortlisted for Sydney entertainment centre

Lend Lease, John Laing, Macquarie, Plenary and Brookfield are among the participants in the shortlisted consortia. The winner will develop a mega-entertainment centre in Sydney, which the New South Wales government hopes to open in 2016.

The government of New South Wales (NSW) has shortlisted three consortia to construct, maintain and operate a convention, exhibition and entertainment centre that will be host to local and international events. The development will include refurbishing existing buildings as well as constructing new facilities and is scheduled to open in 2016.

The three shortlisted consortia are:

Destination Sydney (AEG Ogden, Lend Lease, Capella Capital and InfraRed Capital Partners);

Key Partners (Laing O’Rourke, John Laing Investments, Macquarie Capital Group, GL Events and Honeywell);

And VeNuSW (Plenary Group, Brookfield and Suntec International Convention & Exhibition Services).

A request for proposals is expected in March 2012. In the meantime, the shortlisted teams will participate in negotiations with the state. 

NSW Premier Barry O’Farrell remarked that the narrow list positioned the government closer to creating a mega entertainment centre in Darling Harbour dubbed the Sydney International Convention, Exhibition and Entertainment precinct. In September, the NSW Government issued a tender for Expressions of Interest from private investors to construct and oversee the entertainment project.

The government hopes to attract both local and international events, which is a focal point for the private investor selection process. “All three [competitors] have local and international experience across all aspects of the tender, which means we are in a strong position as we progress creating this world-class facility,’ said Premier O’Farrell in a press release.