Nine’s headquarters sold to Mirvac

Property group Mirvac has bought the Nine network’s headquarters in Sydney as part of a $249 million deal which will replace the TV studios with units.

Mirvac is buying the Willoughby studios from LEPC9, a joint venture of Lotus Property Fund and Hong Kong-based fund managers Euro Properties.

The 3.2 hectare site has planning approval for 460 homes.

The purchase includes a neighbouring transmission tower property. Mirvac will demolish the tower to develop the land.

Nine is leaving Willoughby for North Sydney and sold its base to LEPC9 in 2015.


AAP

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