June 5, 2026 — 5:01amCapital gainHotel investor and operator Geoff Redmond has called last drinks at The Club Hotel pub in Mount Druitt after 30 years of continuous ownership.Sitting on 1.2 hectares in the Mount Druitt town centre, next door to Westfield Mount Druitt and Mount Druitt Station, the hotel and commercial building under the Redmond Company Pty Ltd banner has price expectations of about $80 million. The Club Hotel has a 24-hour licence and 30 poker machines. Under the deal, the landholding carries concept development approval for 934 residential apartments and a 6000-square-metre retail and commercial precinct, with a broader range of future uses based on the site’s scale and zoning.The Club Hotel, at 57 North Parade, covers about 2400 square metres and operates on a 24-hour licence with 30 poker machines. Next door, at 55 North Parade, the commercial office building covers 1800 square metres.Sales agents at JLL said Redmond is open to an outright acquisition, joint venture or staged development partnership, which broadens the field of potential buyers beyond conventional developers.The sale is being advised by JLL’s John Musca, Ben McDonald and Gordon McFadyen.Hotel siteA development-approved hotel site in the heart of Sydney’s CBD has been brought to market that will offer buyers an entry point to the busy sector, for an outlay of more than $55 million.Sitting at 355-357 Sussex Street, the freehold site comes with a recently granted development approval for a 272‑room lifestyle hotel across 17 levels. The owner is the developer Mulpha, which last year put out a call to investors to partner on the planned $200 million project.355-357 Sussex StreetThe site currently comprises 718 square metres of freehold land, with a total approved gross floor area of around 6189 square metres.The new hotel is planned to be developed on top of a warehouse and is located near Darling Harbour, Chinatown, Town Hall Station, the International Convention Centre and Bathurst Street for access to the Sydney Airport.Under the approval, the contemporary architectural design has retained the heritage elements. The sales campaign is being led jointly by Colliers agents Karen Wales, Harry Bui, Steam Leung and Harry Mitchell, alongside Nicholas Lower and Niall Kumar of Savills.Metro dealThe NSW government’s Sydney Metro has sold its vacant mixed-use development site in North Sydney to a private developer.Having bought the land adjacent to the new Victoria Cross Metro Station, the 52 McLaren Street site was taken to market by Sydney Metro, intending to find a buyer to develop it “in a way that would form part of the creation of a vibrant metro station precinct”.The site near Victoria Cross Metro Station. Occupying 3132 square metres, the site offers potential to develop up to 16,947 square metres of gross floor area, including residential, commercial, retail and childcare. One conceptual design for the project shows twin towers of 24 and eight levels, with 121 car parking spaces over three basement levels.No price was disclosed, but at the time of the listing, industry sources indicated it could be worth about $80 million.The sale was negotiated by Knight Frank agents Mark Litwin, Jeff Moxham and Dominic Ong.The former Quaker meeting place in Surry Hills, Sydney. Quaker saleIt went up in 1903. Now the Surry Hills freehold building formerly occupied by the Religious Society of Friends, better known as the Quakers, is for sale.Designed by Quaker architect Alfred Allen jnr in Federation style, the building at 119-123 Devonshire Street has served the community for more than 120 years and is on the market with price expectations exceeding $4 million.Sitting beside the CBD and South-East Light Rail line, and within walking distance of Central Station, the three-level freestanding asset occupies a landholding of 356.9 square metres, with dual street frontage to Devonshire and Butt streets that presents significant scope for repositioning, adaptive reuse or owner-occupation.The 559-square-metre building sits within Sydney’s evolving Tech Central and city-fringe innovation corridor, which is surrounded by creative, education, hospitality and commercial occupiers that continue to reshape the southern CBD fringe.Overall, the property is zoned for mixed use, with a nine-metre height limit. Existing improvements offer open-plan areas, various entry points and “structural flexibility”. James Cowan, Paul Grasso and Joseph Lin of Colliers are the sales agents.ESR goes further westIn a potential $700 million development deal, ESR has inked another partnership with Mitsubishi Estate Asia to deliver a prime logistics estate at Huntingwood in western Sydney.Known as the ESR Huntingwood Development Partnership, the development will transform an 18.3-hectare site into a multi-stage logistics estate, with construction scheduled to begin in the second half of 2026 and completion targeted from the second half of 2027 onwards.An artist’s impression of the ESR Huntingwood development. It is the second partnership between ESR and MEA in two years, following the ESR Pakenham Partnership established in 2024.To be delivered across three stages, the estate will provide up to 114,005 square metres of warehousing space and is expected to attract major domestic and international customers seeking modern, efficient facilities with direct access to the M4 Motorway and Great Western Highway.ESR’s development pipeline is valued at $10.2 billion across Australia and New Zealand. Phil Pearce, the president of ESR, said the site would benefit from the opening of Sydney’s second airport at Badgerys Creek.carolynannecummins@gmail.comThe Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.From our partners