Sydney's iconic Luna Park is up for sale for the first time in 20 years, listed at approximately $70 million. Opened in 1935, the amusement park is a significant cultural landmark and must remain an entertainment venue due to its heritage status. Owned by Canadian firm Brookfield under a lease expiring in 2040, the park has seen a $40 million upgrade over the past four years, enhancing its attractions and facilities. CBRE agents Simon Rooney, James Douglas, and Paul Ryan are managing the sale, which is expected to attract both domestic and international interest. Luna Park's transformation and strategic growth have driven record visitation, and the new owners are anticipated to further develop this historic site. The sale includes the business, buildings, and long-term lease, but the land is owned by the state government's Luna Park Reserve Trust.