Cinema

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<p>Sydney’s newest residential tower will rise 270 metres, comprising 80-storeys much of it serviced apartments.</p>
<p>It is so tall it will need approval Aeronautical Impact Assessment approvals.</p>
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<p>As it penetrates Sydney Airport’s Obstacle Limitation Surfaces (OLS), the infringement triggers a requirement, under the Airports (Protection of Airspace Regulations 1996 (APAR), to need approval for the development from the Department of Infrastructure, Transport, Cities and Regional Development (DITCRD).</p>
<p>It will need to see if it can affect the safety, regularity or efficiency of aircraft operations at Sydney Airport.</p>
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<p>The Ingenhoven and Architectus scheme proposes a super-slim skyscraper sitting atop a podium that incorporates several levels of retail, two childcare centres and the Event Cinemas which is subject to a long-term lease. </p>
<p>It will be the tallest residential building in Sydney. <span>China’s state-owned Greenland tower on the old Sydney Water Board building will be 235m high.</span></p>
<p>Ingenhoven + Architectus beat off design competition entrants such as Bates Smart, Foster + Partners and WilkinsonEyre.</p>
<p>Their $567 million estimated cost came in nearly $14 million cheaper than their nearest competitor. </p>
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<p>The design proposed by Ingenhoven + Architectus aimed to be a landmark for economical, ecological and socially sustainable future-orientated development.</p>
<p>An ‘energy façade’ was proposed with slanted horizontal elements and exposed structural columns to provide sun shading and act as potential hybrid solar collectors.</p>
<p>Its sustainability endeavours also include electric vehicle charging for 5% of car spaces on completion, with capacity to increase over time to reflect the car fleets of the future. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/28/George%20Street%20Cinema%20entrance.jpg" alt=""></p>
<p>The George Street frontage (above) was proposed to consist of retail tenancies and a central entrance to the curvilinear through-site link to the building lobbies and Kent Street (below).</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/28/Kent%20Street%20frontage.jpg" alt=""></p>
<p>The developers secured approval for added height from the City of Sydney in 2014, well above the site’s existing 150 metre limit, after promising community benefits including two childcare centres and a community meeting facility.</p>
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<p>The cinema was constructed in 1976 as the Hoyts Cinema.</p>
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<source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-960.webp" sizes="(min-width: 721px) 960px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-960.jpeg" sizes="(min-width: 721px) 960px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-720.webp" sizes="(min-width: 641px) 720px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-720.jpeg" sizes="(min-width: 641px) 720px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-640.webp" sizes="(min-width: 481px) 640px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-640.jpeg" sizes="(min-width: 481px) 640px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-480.webp" sizes="(min-width: 241px) 480px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-480.jpeg" sizes="(min-width: 241px) 480px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-240.webp" sizes="(min-width: 121px) 240px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-240.jpeg" sizes="(min-width: 121px) 240px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-120.webp" sizes="(min-width: 120px) 120px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-120.jpeg" sizes="(min-width: 120px) 120px" type="image/jpg"></source><img src="https://media.theurbandeveloper.com/raw/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1.jpg" alt="Düsseldorf-based firm Ingenhoven and Architectus will design the $1 billion George Street super-slim skyscraper at 505-523 George Street."><div> </div>
<div>Mirvac and Coombes Property Group are the joint developers.</div>
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<p>Coombes Property Group acquired the 4,308sq m site in 2009 from Challenger Financial Services for $85 million.</p>
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<source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-960.webp" sizes="(min-width: 721px) 960px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-960.jpeg" sizes="(min-width: 721px) 960px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-720.webp" sizes="(min-width: 641px) 720px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-720.jpeg" sizes="(min-width: 641px) 720px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-640.webp" sizes="(min-width: 481px) 640px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-640.jpeg" sizes="(min-width: 481px) 640px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-480.webp" sizes="(min-width: 241px) 480px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-480.jpeg" sizes="(min-width: 241px) 480px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-240.webp" sizes="(min-width: 121px) 240px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-240.jpeg" sizes="(min-width: 121px) 240px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-120.webp" sizes="(min-width: 120px) 120px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/353e5cc5-286f-44e5-88a7-dc95ec02918d/353e5cc5-286f-44e5-88a7-dc95ec02918d-120.jpeg" sizes="(min-width: 120px) 120px" type="image/jpg"></source><img src="https://media.theurbandeveloper.com/raw/images/353e5cc5-286f-44e5-88a7-dc95ec02918d.jpg" alt="The mixed-use tower will rise 80-storeys and will include a hotel, units, two childcare centres, retail outlets and a cinema. "><div> </div>
<div>Construction is expected to take five years with construction likely to commence in 2020 subject to council approval.</div>
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<p>Its 507 apartments include 55 studio, 144 one bedroom, 224 two bedroom and 84 three bedroom apartments.</p>
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j.ballantyne1990-6AQqhLzZaK

270 metre tall Event Cinema, George Street tower needs Aeronautical Impact approval

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<p>The heritage-listed Cygnet Theatre, located in the southern Perth suburb of Como, has been listed for sale for the first time.</p>
<p>The <a href="https://www.urban.com.au/expert-insights/investing/12-16-preston-street-como-wa-6152-2013950310" target="_blank">historic 1938-built cinema</a> and coffee shop comes with a day spa.</p>
<p>It is expected to fetch more than $10 million.</p>
<p>Originally named The Como Theatre, it was designed by William Leighton for cinema pioneer James Stiles.</p>
<p>The art deco-style theatre is on the state’s Heritage Register.</p>
<p><img class="size-full wp-image-47341 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/11/cygnettheatre2.jpg" alt="The theatre is one of the most intact examples of art deco cinemas in the city. Photo: Supplied" width="1000" height="667"></p>
<p>The theatre is one of the most intact art deco cinemas in Australia.</p>
<p>The Como Theatre was renamed the Cygnet Theatre in 1968.</p>
<p>In 2013 the theatre got a $100,000 State Government heritage grant used to upgrade wiring and to install a digital projector.</p>
<p>The site is being sold by Mr Stiles’ son through Rob Selid of Burgess Rawson and Bryan Cousins of Allied Property Consultant.</p>
<p>The site is leased on a monthly basis as a single screen cinema as part of the Grand Cinemas franchise.</p>
<p>Offers on the property at 12-16 Preston Street close November 22.</p>
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Art Deco Perth cinema for sale for first time

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<p>The Kirby family, founder of cinema chain Village Roadshow, is selling its two Mornington Peninsula cinemas.</p>
<p>The market expectations are in excess of $10 million.</p>
<p>The offering included the historic 1894-built Sorrento cinema on Ocean Beach Road, which the Kirby family has owned for more than 70 years, and the more modern multi-screen complex in Rosebud.</p>
<p>The Sorrento cinema was originally called the Sorrento Athenaeum Hall - the home of travelling shows with performers appearing during the summer holidays. </p>
<p>The larger Rosebud cinema is on a 2800 sq m site on Rosebud Parade with seating for 792 people across a five-screen cinema complex</p>
<p>CBRE has the listing with local agency Prentice Real Estate, with Charter Keck Cramer acting as transaction adviser. </p>
<p>Village Roadshow was founded by the late Roc Kirby who turned a small family-run cinema business on the Mornington Peninsula into an entertainment giant, taking it public in 1989.</p>
<p>His sons Robert and John are on the board of Village Roadshow.</p>
<p>Both Mornington Peninsula cinemas are being offered for sale with 10-year lease terms to local cinema chain Peninsula Cinemas, which also has ties to the Kirby family.</p>
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Kirby family to sell Sorrento cinema after seven decades, but retain leaseback

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<p><span>Palace Cinemas has bought office space in South Yarra for $3.5 million with the intention of making it the group's new headquarters.</span></p>
<p><span>The office at Level 1, 118-124 Toorak Road is spread over 518 sqm, and was bought in an off-market transaction through Fitzroys. The office floor forms part of a boutique four-level retail and office building. </span></p>
<p><span>Selling agents Chris Kombi and Chris James brokered the sale on behalf of South Yarra Corporate Centre Pty Ltd, which reflected a building rate of $6,756 per sqm.</span></p>
<p><span>“The site’s location within the heart of South Yarra’s vibrant retail and commercial precinct, close to cafés and all modes of public transport was an attractive proposition for the group in the important process of relocating its headquarters,” said Kombi.</span></p>
<p><span>“That a major national group such as Palace Cinemas has chosen this site for their home is a vote of ongoing confidence in Toorak Road as a destination and a further sign of its resurgence.”</span></p>
<p><span>Palace Cinemas originated from founder Antonio Zeccola’s operation of iconic suburban cinemas, including The Metropolitan in Brunswick, The Roma in Bourke Street and The Palace in Bourke Street.</span></p>
<p><span>Following expansion throughout the 1980s and 1990s, which included the addition of the Dendy Brighton, The Balwyn Cinema and Academy Cinema in Paddington, NSW, the group now operates 85 screens across 20 locations nationally, the majority of which include fully licensed car and café facilities, and employs more than 500 staff. The group's existing headquarters are in Balwyn.</span></p>
<p><span>The group is home to a number of Australia’s international film festivals, including the Italian, Spanish, Greek, French, Spanish, German, Israeli and Russian festivals.</span></p>
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