7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Sydney’s Luna Park is up for sale for the first time in 20 years. The iconic amusement park, first opened in 1935, is up for grabs for roughly $70 million, 7 NEWS .com.au understands. The sale is for Luna Park as a business, with the precinct listed on the NSW State Heritage Register meaning it must remain as an entertainment venue. Several of the buildings inside the park are also listed individually on the register, including the Coney Island building.
Alongside the Big Top and Coney Island, the park features 17 rides, Crystal Palace and almost 400 carpark spaces. “Since opening in 1935, Luna Park has played an important role in Sydney’s social and cultural fabric. The business has undergone a strategic transformation,” Luna Park chief executive John Hughes said. “Our outstanding management team is pursuing a strong pipeline of new opportunities that will further add value to the business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iconic Sydney theme park Luna Park up for saleThe asking price is believed to be in the region of $70 million.
Read more »
Sydney Sick Kids Appeal 2024 | 7NEWS Sydney7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Sydney’s iconic Luna Park up for sale, set to fetch up to $70 millionSydney's Luna Park has been put up for sale by investment management giant Brookfield, which is expected to fetch up to $70 million for the iconic harbourfront property.
Read more »
‘Beating heart of Sydney’: Luna Park is up for saleThe amusement park’s toothy entrance will need to charm a new set of buyers for the first time in 20 years - at a pretty price.
Read more »
Sydney, Melbourne house prices: Investor exodus gathers pace in Melbourne and SydneyHigher tax burdens and weaker capital gains are prompting a growing number of property investors to sell out of Melbourne and Sydney.
Read more »
Sydney, Melbourne house prices: Westpac slashes house price growth forecast for Sydney, MelbourneWestpac lowered its house price expectations for Sydney and Melbourne due to worsening affordability and increased listings.
Read more »