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Highlights
- EVT (EVT) lists 525 George Street entertainment complex for sale
- Landmark Sydney CBD property includes approved mixed-use tower plans
- Opportunity emerges within the broader S&P/ASX200 property sector
Cinema and hospitality group EVT (ASX:EVT) has officially listed its flagship entertainment complex at 525 George Street, Sydney, on the market. The move marks a significant development opportunity in the heart of the city's central business district, drawing attention across the real estate and investment landscape.
This site stands as the largest mixed-use development opportunity introduced to Sydney’s CBD since the high-profile One Circular Quay sale in 2022. The property features an approved stage 2 development proposal for a 43-level tower comprising luxury apartments, a high-end hotel, cinema facilities, and retail offerings.
The blueprint for this development includes 98 premium residential apartments and a 285-room 5-star hotel, catering to both long-term residents and hospitality demand in central Sydney. EVT’s strategic positioning of this asset aligns with its broader objectives of capital optimisation and future-ready asset deployment.
The existing Event Cinemas setup will remain fully operational throughout the transition. The complex currently houses 16 cinema screens spread across 525 and 505 George Street, with post-development operations continuing at the adjacent 505 George Street property, which hosts 11 screens.
This offering taps into the ongoing momentum within the S&P/ASX200 sector, where prime real estate and capital-efficient strategies remain in strong focus. For stakeholders and institutional investors, the sale signifies a rare chance to secure a centrally located, approved development site backed by operational continuity.
EVT’s approach to real estate asset management is part of its capital recycling strategy, where underutilised or high-potential assets are repositioned to support innovation and growth across the business. This mirrors the broader trend seen in diversified portfolios among ASX dividend stocks, where long-term value and capital appreciation go hand in hand.
As the market assesses the implications of this high-profile listing, attention will likely remain fixed on how the transaction shapes EVT's portfolio evolution and contributes to urban transformation in Sydney’s high-demand precincts. With its strategic CBD location and approved plans, 525 George Street is expected to attract significant interest from local and international property developers alike.
This sale not only reflects EVT’s future-facing vision but also aligns with wider economic movements seen across the ASX200 landscape, where property assets continue to be recalibrated to meet evolving investor and urban demand.
