First Sponsor Group Ltd (SG:ADN) has released an update.
First Sponsor Group Ltd, a Singapore-listed company, has finalised the acquisition of the City Tattersalls Club’s property on Pitt Street, Sydney for $24.7 million. This move is set to preserve the club’s future by integrating the historical site into a new development featuring luxury apartments, a high-end hotel, and event spaces while maintaining the heritage façade. The sale has been described as a strategic decision to ensure the club’s longevity and the redevelopment is progressing as scheduled with apartment presales to commence in early 2025.
For further insights into SG:ADN stock, check out TipRanks’ Stock Analysis page.
