Pokolbin’s reputation as a major entertainment and recreation destination has been further cemented with Cedar Mill Group acquiring one of the region’s most premium development sites for an ambitious outdoor amphitheatre and tourism project.
Cedar Mill Hunter Valley, which will be situated on the corner of Broke and McDonald’s roads will boast a 22,000-person concert venue, a 100-bed hotel, a wine museum, specialist food and beverage options and multiple cellar doors.
The project, which is expected to be completed by 2023 at a cost of $107 million followsthe previously announced $235 million redevelopment of Morisset Golf Course, to be known as Cedar Mill Lake Macquarie, with plans for a 30,000 person concert venue, cafes and restaurants, accommodation and Australia’s largest aquatic play park.
It is also expected that the project would attract an additional 68,000 additional visitors to the region, injecting a substantial $33 million into the local economy annually.
“It is 105 acres right in the centre of Hunter Valley wine country and had been held by the previous owners for over 30 years. It was an amazing opportunity,”Cedar Mill Group General Manager Kyle McKendry said.
“Without doubt, this is a very significant acquisition for the Cedar Mill Group and an exciting step towards our plans to have outdoor venues coupled with exciting tourism concepts in the best locations in Australia and New Zealand.
Paul Lambess, CEO for Cedar Mill parent company Winarch Capital added:
Plans for the Cedar Mill Hunter Valley project will be lodged in the coming months and theconstruction phase is projected to create more than 500 new jobs and inject $207.5 million through build costs, job creation, supply chain and consumption.
Paul Lambess, CEO for Cedar Mill parent company Winarch Capital added: “Our plans for Cedar Mill Hunter Valley are ambitious.”
“We want to create a precinct with great places where visitors can do lots of different activities and experiences. This is why people come to the Hunter and we want our venue to complement the great vineyards, restaurants and experiences that already exist here.