Wests Group is pulling out of its DA-approved $160 million twin-tower residential apartments and seniors living concept in Newcastle with the old Newcastle Workers Club site back on the market.
Wests, which owns the Newcastle Knights, bought the site and adjoining car park in 2015 for $19m from the Panthers Group. The original club was destroyed in the earthquake which hit the city in 1989, killing nine people in the club. The new building was unveiled in 1992. Panthers acquired the club in 2001.
Wests had purchased the inner-city property with the intention of redeveloping it into a residential and entertainment precinct but Colliers now has the 6600sqm site property listed for sale with DA approval for the two towers and 285 basement parking spaces.
Wests’ portfolio currently includes registered clubs Wests New Lambton Leagues Club, Wests New Lambton Bowling Club, Wests Mayfield, Wests City, Wests Nelson Bay and Wests Cardiff.
It also owns accommodation offerings at The Executive Inn and The Gateway Inn in Newcastle and The Anchorage in Port Stephens. The group also runs Balance Collective fitness centres and the Newcastle Exhibition & Convention Centre.
In 2019, planning authorities rejected a similar seniors’ living and aged-care development at Wests Mayfield because of the scale and impact of the plan.