Sydney's Sirius building to be refurbished after being sold for $150m

New owners have proposed to refurbish the existing building and deliver 89 apartments, as well as retail and commercial spaces

Sydney's embattled Sirius building will be refurbished after being sold by the state government for $150m.

The housing minister, Melinda Pavey, on Friday announced the former public housing building, a striking example of Brutalist architecture in the Rocks district of Sydney's city centre, had been sold to Sirius Developments Pty Ltd following a competitive tender process which attracted national and international interest.