Confusion surrounds the future of Australia’s largest recording studio complex, Studios 301 in Sydney, after the facility was sold in August to Abbey Road Institute. Now a development application has been lodged to rebuild the site as residential units.
Owned by former SAE chief Tom Misner since 1998, the studio was sold to GBC Europe Limited from the UK in August. Then a company called Eunomia Developments Pty Ltd, owned by ve property developers, lodged the application for residential units over the whole 301 site. The project is valued at around $18 million.
Studios 301 staff and customers remain largely uninformed, one hirer contacted CX to report they had a booking for the facility next year and had no idea whether it would proceed.
Meanwhile the new recording studio college Abbey Road Institute are pushing hard to enroll students in Melbourne, despite not yet having accreditation or registration as a training organization. Once registered they can offer students the generous Government Fee Help scheme.
Last month CX reported the Abbey Road Institute has a facility at Stuart Street Southbank, and will open within the 301 Studio complex in Sydney. We suggested the omnipresence of Serbian born Dr Tom Misner (60), which now seems even more likely. Misner sold SAE to listed education giant Navitas almost five years ago.
First published in CX Magazine (November, 2015)