Business
Justin Hemmes buys Byron Bay pub for $13m – The Australian Financial Review
Sydney pub tsar Justin Hemmes joined the rush of high net worth capital into the northern NSW coastal hotspot Byron Bay after buying the vacant Cheeky Monkey’s…
The deal follows a number of big real estate deals in the rapidly gentrifying former hippy town.
Last week, Melbourne real estate financier and investor Wingate and developer Azzura sold the Mercato shopping centre and adjoining site on Jonson Street for about $120 million to a family fund headed by the Mustaca family, owners of United Cinemas, and the Pelligra family, major real estate developers.
Directly adjacent to the Mercato, Sydney developer Podia paid $18.55 million in February to buy the…
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