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 1989 with further work carried out in 2006. The building is listed as a notable building in the Melbourne Planning Scheme and it was listed in the Register of the National Estate in 1993.
Tomasetti House is fully occupied with tenants including the…