Manly Wharf – home to Hugo’s, The Wharf Bar, Sake, Queen Chow, El Camino and the Bavarian Bier Cafe – has been put on the market as part of succession planning at the family-owned TMG Developments by Mr Magid, the publisher ofand the son of the late developer Isador Magid. The Harbour Rocks Hotel, the Hotel Lindrum and a major development site in Melbourne’s southeast were sold to recycle and redirect capital.
“Trophy retail assets such as Manly Wharf are historically tightly held, rarely traded, and highly sought after,” said CBRE’s Simon who is brokering Manly Wharf with colleague James Douglas. “The flexibility around the future potential to strategically remix the tenancy profile and capitalise on multiple value-add opportunities will be a major drawcard for both domestic and international capital.”
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