Miller selling the property KMM operates from

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Miller selling the property KMM operates from

Postby biolumen » Mon Oct 09, 2017 11:52 am

The article says Miller was convinced to put it up for sale due to the money it would fetch. What's unsaid is if or where KMM is moving to. If Miller is truly retiring from filmmaking, it makes sense that such a large property would no longer be needed.

Hollywood director George Miller selling The Metro theatre in Potts Point
Oct 9 2017 at 11:30 PM Updated Oct 9 2017 at 11:30 PM

The film director behind Mad Max and Babe, George Miller, is selling the historic art deco The Metro theatre in Sydney's Potts Point that has been his headquarters for more than 30 years.

Built in 1939 and originally known as The Minerva Theatre, The Metro started operating as a cinema in the 1950s, with stars such as Elizabeth Taylor, Richard Burton and Julie Andrews attending premieres. As a theatre it hosted performances as diverse as Ginger Rogers and the 1970s musical Hair.

But it has been Miller's use of the building over the past three decades for his production house Kennedy Miller Mitchell that brought the property to prominence among the entertainment elite.

On the move

From here, 18 Academy Award nominations have been generated, with eight Oscar wins. Now Miller is moving his production business to Fox Studios in Sydney's east and has decided to sell.

"The Metro became a wellspring for Australian talent," Miller told The Australian Financial Review when confirming the property was now on the market through JLL.

"Many found their way to global acclaim here – not only the likes of Nicole Kidman and Mel Gibson, but also directors, writers, cinematographers, designers and the like.

"During the 1980s, we adapted the space into production offices, writers' rooms, rehearsal spaces, shooting stages and editing suites. All of our movie and television productions began and ended here."

Tempted to sell

With sky-high prices being paid for commercial properties in Sydney – some tripling in value in three years – as well as the Potts Point and Kings Cross areas experiencing a significant period of gentrification, the temptation to sell was too much.

The 2300-square-metre property at 30 Orwell Street is likely to fetch more than $20 million.

JLL's national director for sales and investments, James Aroney, and associate director Gordon McFadyen convinced the world-famous director to sell.

"This is the first time The Metro has been on the market for over 35 years, and what's exciting about it is the potential for adaptation and re-use," Mr Aroney said. "The property has scope for diverse and multiple income streams, and it's really up to the new owner as to what they could do with the space."

Potential buyers have already been sizing up the offering.

Diverse interest

"We believe 30 Orwell Street will generate significant interest from a diverse group of buyers, including owner-occupiers, local high-net-worth investors for boutique hotel, commercial and office use, entertainment industry operators, retailers and specialised developers with heritage expertise," Mr Aroney said.

Miller also said the eclectic area of Potts Point and Kings Cross added to the charm of the The Metro over the years.

"People loved visiting and working here," he sad. "They came from all over, some of the world's most innovative, cutting-edge digital practitioners – mathematicians, physicists, code writers, artists and designers – on animations such as Happy Feet.

"Potts Point, Kings Cross, with their style and ambience, rich and colourful history and proximity to the CBD and harbour, are places like no other in Australia."

http://www.afr.com/real-estate/hollywoo ... 008-gywtxi
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Re: Miller selling the property KMM operates from

Postby Taipan » Tue Oct 10, 2017 12:50 am

It says in the article that Miller is moving his production to Fox Studios in Sydney.

I find it interesting since Miller had a rocky relationship with WB, maybe he's free from their grip now.
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Re: Miller selling the property KMM operates from

Postby biolumen » Tue Oct 10, 2017 2:49 pm

Ah, I completely missed that.

I don't think moving to Fox Studios means anything. I think all the major studios use those facilities, including WB.

What this tells me, though, is that he isn't shutting things down and retiring. At least not yet.
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Re: Miller selling the property KMM operates from

Postby biolumen » Tue Oct 10, 2017 4:17 pm

Now that I think about it, this location move might mean something is afoot, production-wise. I hope so.
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Re: Miller selling the property KMM operates from

Postby henry2 » Tue Oct 10, 2017 8:22 pm

biolumen wrote:Now that I think about it, this location move might mean something is afoot, production-wise. I hope so.


I'm thinking the same thing, never underestimate Miller he's the best! :)
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