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Justin Hemmes splurges $70m on a block of land in Byron Bay - as mega venue plans are revealed

Share The Byron Bay property market has recently become a hot spot for deep-pocketed investors hoping to buy up a slice of coastal paradise. However, there have been several recent instances where investors have been knocked back by local landowners refusing to sell. Mega venue : The site, located on Byron s Johnson St spans 4,128sqm and supports a flexible B2 Local Centre zoning, which allows for a wide range of mixed-use development this includes retail, residential and hotels Byron battle: It comes months after a handful of rejected offers to buy some of Byron Bay s landmark pubs. Stu Laundy (pictured) and Justin were said to be in a fierce battle to buy the iconic Pacific Hotel in Yamba, close to Byron Bay

New south walesLennox headByron bayWestern australiaChris hemsworthKate fowlerTom mooneyHerald sunJustin hemmesBondi royal hotelPacific hotel in yambaBangalow hotelHotel in byron bayPacific hotelBangalow hotel noLennox hotel

Byron pub family says no to multi-millionaire sales offer

News by Amy Harris Premium Content Subscriber only They say everyone has their price but even in the real estate obsessed hot spot of northern NSW - which in the past year has attracted everyone from Hollywood movie stars to international finance moguls - it seems not everything can be bought. The notoriously tight-knit area was buzzing last week as rumours ran wild that two of Sydney s biggest billionaire playboys - Justin Hemmes and Stu Laundy - had descended on the town of Bangalow in search of their next big pub purchase. Both hoteliers are, it seems, in a spending mood with Laundy recently dropping $41 million on the The Lennox in nearby Lennox Head and Hemmes - whose last big buy was Randwick s Duke Of Gloucester for $32 million - said to be keen to buy into the coveted Byron precinct.

New south walesUnited statesLennox headByron bayArthur laundyDelvene delaneyJustin hemmesCathryn mooneyGary chigwiddenTom mooneyPaul fraserDenis garvanRandwick dukeSam ruttynDavid gyngellPacific hotel in yamba

Pub owners turn down $50million offer from rival pub barons Stu Laundy and Justin Hemmes

125 shares Despite the dizzying dollars on the table, it’s understood negotiations went cold when the Mooneys made it clear by Thursday that despite some too-ing and fro-ing it was decided the pub would remain in the family for the foreseeable future, the publication reported. The Mooney family boast an impressive property portfolio, which includes The Rails Hotel in Byron Bay and The Pacific Hotel in Yamba. At war: The rival pub barons were reportedly locked in a bidding war for the 60-year-old pub (pictured) which is currently owned by NRL star Tom Mooney and wife Cathryn, with bids reaching up to $50 million

New south walesLennox headByron bayChris hemsworthKate fowlerTom mooneyHerald sunJustin hemmesBondi royal hotelPacific hotel in yambaBangalow hotelHotel in byron bayPacific hotelLennox hotelBeresford hotel in surry hillsQueen victoria hotel in enmore

Byron pub family says no to multi-millionaire sales offer

Byron pub family says no to multi-millionaire sales offer
coffscoastadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coffscoastadvocate.com.au Daily Mail and Mail on Sunday newspapers.

New south walesUnited statesLennox headByron bayArthur laundyDelvene delaneyJustin hemmesCathryn mooneyGary chigwiddenTom mooneyPaul fraserDenis garvanRandwick dukeSam ruttynDavid gyngellPacific hotel in yamba

Byron pub family says no to multi-millionaire sales offer

Byron pub family says no to multi-millionaire sales offer
sunshinecoastdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunshinecoastdaily.com.au Daily Mail and Mail on Sunday newspapers.