Hemmes Group Expands In Two States

In its first acquisition outside of NSW, Justin Hemmes’ hospitality empire has struck a deal to buy Tomasetti House at 277-279 Flinders Lane in Melbourne. The deal is reportedly at a price of $40 million plus and will not settle until later in the year.

Tomasetti House is a seven-storey brick and bluestone building with a basement. Its earliest section was built in 1853, refurbished and extended in 1905, when a new Art Nouveau facade was added then underwent a $4 million refurbishment in…