Add articles to your saved list and come back to them any time.A state-of-the-art building that will cost taxpayers nearly a billion dollars was handed to the Sydney Fish Market for the same peppercorn rent it is paying at its existing dilapidated site, in a sweetheart deal that has soured into a stoush over the final design.
Only one of the 38 subtenants has been prepared to surrender their existing lease and sign a new lease for the premises under construction, raising concerns the hold-outs will seek compensation for being forced to vacate without a similar or better deal. ‘It’s a wonderful building – beautiful building – but it can’t function as a fish market in its current design.’It sits under a wave-shaped, scale-patterned roof with a basement for parking, a temperature-controlled operations level for the daily auction and wholesale outlets, and a retail level with shops and restaurants at the top.can reveal that the new agreement for lease between the Sydney Fish Market and the NSW government grandfathered the rent at the current rate of $2.
But Turk, who signed the agreement with the government in 2019, only for the tenants to dump him from the board last year, said it was “quite possibly the best deal I’ve done in my commercial life”. “I think the greed of the tenants combined with the inefficiencies and incompetence of Infrastructure NSW is a great mixture for a disaster.
Infrastructure NSW chief executive Tom Gellibrand agreed the government’s patience had been worn by years of back-and-forth over the design. The market sat on the panel that selected the design, and management knew from the start that it would be built over several levels, he said.