Alllianz Stadium Relocation – 2019

Client need

The Trust initially engaged Counsel to represent it in securing approximately 7,000 sqm of alternative space. Most of the organisations had highly specialised uses and this meant we needed to work in close co-operation with them to develop a comprehensive understanding of their business and specific requirements.

The Trust’s objectives were for the relocation to be cost-effective, not delay the stadium redevelopment and to maintain the existing and longstanding relationships with its partners. Due to the ongoing use of facilities on the Trust’s land, securing alternative space as close as possible to the Stadium was also considered important.

Our approach

Counsel’s initial appointment as the Trust’s representative developed into a more comprehensive Transaction Management role.

With the project team, we developed specific space briefs for each of the occupiers. We conducted a market search and identified the available options, both on and off market and after assessing all the options against the Trust’s criteria, the neighbouring Entertainment Quarter was determined to be the preferred location.

We worked proactively with the project team to negotiate an agreement to relocate all the occupiers to the Entertainment Quarter including a purpose-built 1,200 sqm demountable facility for the Sydney Roosters, the completely reversible fitout of a sensitive historical building, a highly specialised medical imaging facility, medical centre, large health centre, retail food & beverage outlet and other offices.

Our value

Vacant possession of all the stadium areas was secured before the end of December 2018 allowing demolition to commence on time, an essential requirement.