Development of the AUD$1 billion International Convention Centre Sydney (ICC Sydney) at Darling Harbour this week moved a step closer following the achievement of another important milestone.
The Australian Stock Exchange has been advised that financial close had been reached with Infrastructure NSW and the Sydney Harbour Foreshore Authority for the Public Private Partnership (PPP) of the NSW Government’s project to revitalise the 20 hectare site.
The PPP is being delivered by the New South Wales Government in conjunction with the Darling Harbour Live Company comprising Lend Lease, HOSTPLUS, Capella Capital, AEG Ogden and Spotless.
ICC Sydney will be operated by AEG Ogden, the leading venue management company in the Asia Pacific region and will feature a convention facility capable of holding four fully separated concurrent events of over 12,000 delegates and total exhibition capacity of 40,000 square metres.
Site preparation works will commence this month followed by demolition works in February 2014. Sydney ICC is due for completion due in December 2016.
AEG Ogden’s Director of Convention Centres, Geoff Donaghy said the new venue, featuring waterfront facilities in a prime CBD location in Australia’s leading city, was destined to become one of the most exciting major convention and exhibition facilities in the world.
“Even at this preliminary stage, it is attracting significant interest and strong demand worldwide.
“Business Events Sydney has confirmed that five international events have been secured for the venue and there are a further 60 expressions of interest from national association events as well as major exhibitions.
“In addition, by utilising AEG Ogden’s international operational and marketing experience and global venue network, we plan on taking business events through this venue to a new level,” he said.
Mr. Donaghy, who has also assumed the role as Chief Executive Officer for ICC Sydney said the next step was to establish the pre-opening office and commence recruiting the senior management team in early 2014.