Did you know that Manly Wharf is about to undergo a makeover? The new owners, hospitality gurus from Brisbane, are teaming up with the local community to create something truly special.
Artemus, known for revitalising waterfront destinations like Brisbane’s Howard Smith Wharves, secured the keys to the property this week. This acquisition follows their purchase of the nearby Manly Wharf Hotel last year, forming a combined $110-million investment.
Manly Wharf has undergone a significant transformation in recent years. Once a purely functional transport hub, it has blossomed into a vibrant hospitality precinct. TMG Developments, the previous owners, spearheaded a $9 million facelift eight years ago, paving the way for a diverse offering of restaurants and bars, including Queen Chow, Hugos, and the Manly Wharf Hotel itself.
The historic wharf, constructed in 1855, serves as a vital link for the estimated 2.5 million commuters and day-trippers who utilise the adjoining ferry and bus terminals annually. Its prime location and heritage value have solidified its status as a cherished Sydney landmark.
Artemus Group’s leadership team, including Adam Flaskas, Paul Henry, and Luke Fraser, is committed to working hand-in-hand with the Manly community to elevate the wharf’s offerings.
Mr Flaskas stated that their team has a demonstrated history of revitalising waterfront areas, converting them into vibrant community centers. They see the Manly Wharf project as an enticing prospect and are enthusiastic about applying their skills and innovative ideas, with a focus on preserving the local essence and fostering a cohesive community spirit.
Flaskas hinted at some immediate improvements while emphasising continued business operations. Public engagement is a key focus for the new owners.
Mr Henry expressed encouragement for everyone to visit, introduce themselves, and contribute their thoughts. He expressed gratitude for the warm reception and conveyed excitement about joining such a lively community.
The property’s inherent value and growth potential attracted significant domestic and international interest during the sales process, according to CBRE’s Simon Rooney.
Mr Rooney said that Manly Wharf stands out as a rare and coveted asset, characterised by its iconic position, longstanding occupants, and impressive track record, all of which have generated considerable interest among potential buyers.
Robert Magid, the previous owner who once proposed an ultimately rejected six-storey hotel extension, acknowledged the transformation spearheaded by his group.
Mr Magid highlighted the substantial revitalisation effort that transformed Manly Wharf from a dilapidated condition. He expressed curiosity about the future trajectory of this iconic landmark under Artemus’ guidance.
Published Date 28-April-2024
