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First Sponsor to build mixed-use Sydney skyscraper with Australia's ICD

Estimated total development cost more than A$400m; First Sponsor to be sole construction financier

Fiona Lam

Fiona Lam

Published Mon, Nov 25, 2019 · 09:50 PM
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A CONSORTIUM led by mainboard-listed First Sponsor has partnered Australia's ICD Property to redevelop the iconic City Tattersalls Club (CTC) project in Sydney.

The 124-year-old CTC is one of the largest and oldest premier business and sporting clubs in Sydney. The members club owns the property at 192 to 204 Pitt Street in the core central business district of Sydney, with a site area of 2,337 square metres.

The consortium comprises First Sponsor's wholly-owned subsidiary FS Australia Property 5 (FSAP5), Australian firm Applewood Holding…

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