Mining magnate Andrew 'Twiggy' Forrest has stepped in to help bring the first Australian offering from the famous Waldorf Astoria luxury hotel brand to Sydney's Circular Quay. 9News
Those companies last year announced plans to deliver the nation's first Waldorf Astoria on an eyesore site bought for $800 million in the middle of the waterfront area, telling theThe 220-room hotel, which promises guests views of Sydney Harbour Bridge, the Opera House and Sydney Heads, will sit next to those developers' One Circular Quay luxury residential tower.The new investors promised a "unique Australian design outcome" would be integrated into the Waldorf Astoria brand.
"Circular Quay is a globally unique and instantly recognisable location that continues to welcome millions of visitors – from both near and far – each year," Ms Forrest said in a statement. Lendlease managing director of development Tom Mackellar hopes the precinct will become "one of the most desired places to live and stay in the world"."This transaction is a major milestone for the precinct's revitalisation, bringing us one step closer to transforming the centrepiece of Sydney's spectacular harbour," he said in a statement.
Tattarang's property company Fiveight will eventually own the Kengo Kuma & Associates-designed tower, to be built by Lendlease, as well as owning and developing 11 retailers at ground level.
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