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Artemus Group founders and directors Adam Flaskas and Paul Henry and chief executive Luke Fraser have said they are committed to working with the community in Manly on plans to elevate the wharf.
“With an ever-expanding portfolio of restaurants, bars and real estate, we are specialists at revitalising waterfront precincts and transforming them into thriving community and cultural hubs,” Flaskas said.
“We champion local quality and a pioneering spirit and are proud to be building a legacy for future generations to enjoy. Manly Wharf represents an incredible opportunity for the group – we want to bring our energy, community focus and vision to Manly.”
Artemus Group has officially been handed the keys to Sydney’s Manly Wharf.
Flaskas said there would be some “initial improvements while we continue to operate business as usual”.
Henry said the focus was on engaging with the community, “so we’d encourage you to come down, say hello and share your stories with us”.
“We’re grateful for the warm welcome we’ve received so far and are extremely proud to join such a vibrant community,” Henry said.
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CBRE’s Rooney said that the value-add opportunities for both income and asset value growth at Manly Wharf, complemented by a high-earning residential catchment, had been key drawcards for domestic and offshore buyers during the sale campaign.
“Trophy retail properties such as Manly Wharf are historically tightly held, rarely traded, and highly sought after. This underpinned significant interest in the sale, as did the site’s iconic harbour front location, high-profile tenant offering and robust trading performance,” Rooney said.
Magid, who at one time proposed an extension to include a 200-room, six-storey hotel which was knocked back by Manly Council, said his group had a “transformational focus on Manly Wharf, which was rundown when we acquired it”.
“Our repositioning strategies have had a significant impact, and we look forward to seeing how this iconic asset continues to evolve under new ownership,” Magid said.
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