Australia’s Rich Lister Selling Off Expensive Real Estate in Sydney’s Most Exclusive Area

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After successfully offloading two of Sydney’s most renowned hotels, Rich Lister Robert Magid is now vigorously pushing his $80 million retail and hospitality asset Manly Wharf onto the market.

In 1855, Manly Wharf served as a passenger terminal. However, due to Mr Magid’s TMG Developments taking on the long-term leasehold of this location in more recent times, it has since been transformed into an exquisite food and beverage destination.

“Manly Wharf is one of Sydney’s premier destinations for tourists, residents, and business professionals. It offers an unparalleled experience for guests looking to enjoy fine dining or a refreshing drink in the beautiful surrounds of Manly Beach,” said Mr Magid in a recent statement.

Mr Magid has been involved in Sydney’s retail and hospitality scene for many years, and his company is known for building some of the most luxurious hotels and restaurants. However, he has shown no signs of slowing down, as he is now looking to offload even more assets to focus on new ventures.

With its prime location on Sydney Harbour, Manly Wharf has become a hotspot for locals and tourists alike. Boasting world-class restaurants, bars, shops, and other retail establishments, it’s no wonder why this site is one of the most sought-after locations in all of Australia.

Mr Robert  Magid is now offering Manly Wharf to the highest bidder as he seeks to cash in on this lucrative real estate opportunity whether you’re seeking investment or want a piece of Australia’s most exclusive area.

The Rich Lister has a net worth of over $400 million and is looking to make even more money by selling a piece of Sydney’s most coveted real estate. 

“If you’re looking for an opportunity to own a piece of Sydney’s most prestigious real estate, then Manly Wharf is the perfect option,” says Mr Magid. “This site has so much potential, and I’m confident that whoever buys it will be able to generate significant returns in the years ahead.”

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