Sydney Kingsford Smith Airport and Heinemann Australia renew duty free agreement until 2029

    Sydney Kingsford Smith Airport and Heinemann Australia renewed (20-Feb-2020) a duty free agreement with improved terms per square metre from 01-Jan-2020 to 31-Dec-2029. Previously allocated lease space will be returned to Sydney Airport for the operation of five additional new stand alone tenancies. The hand back of the space will initiate the redevelopment of the entire duty free precinct, with redevelopment scheduled to commence in early 2020. Mid 2021 is the targeted opening date for the new boutiques, along with an enhanced and optimised layout of the central duty free stores.