Nine Entertainment Co has opened the doors to its new offices at 1 Denison Street in North Sydney.
The television, publishing and radio company, which owns The Sydney Morning Herald and The Age, hosted politicians, business executives and shareholders at an event on Friday evening to mark the official opening of the new campus which will be home to most of the $4.1 billion company.
Nine first announced plans to move into the tower, which is currently the biggest in North Sydney, in 2017 before expanding its 12-year-lease to include extra levels that could accommodate for its 2018 merger with Fairfax Media. Television producers and presenters have moved into 1 Denison over the last two weeks, marking an end to Channel Nine’s studios in Willoughby which had been occupied for more than five decades.
Nine’s sales team, newspapers and television network are all expected to occupy the building, which will eventually hold about 2000 of the company’s staff.
NSW Premier Gladys Berejiklian, Communications Minister Paul Fletcher, NRL boss Andrew Abdo, Rugby Australia executives Hamish McLennan, Rob Clarke and former Fairfax Media boss Greg Hywood were among the attendees hosted at the new campus by Nine chairman Peter Costello and outgoing chief executive Hugh Marks.
“From a board’s point of view an investment like this doesn’t come cheap. Willoughby was a grand dame in her day but she has faded and this was a huge investment in our future. It’s coming together and as long as we stay focused it’ll be a great future. With that I say we open the new era and I formally open 1 Denison Street,” Mr Costello said.
Source: Thanks smh.com