TMG Developments owner Robert Magid sells Manly Wharf for $80 million adelaidenow.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adelaidenow.com.au Daily Mail and Mail on Sunday newspapers.
After a spate of key staff departures, Robert Magid is selling down his storied portfolio and kicking himself out of his own office. Here’s what he’ll do next.
The Manly Wharf sale is part of a broader sell-down of the Rich Lister’s property interests as he recycles capital into technology investments and prepares for family succession planning.
The Manly offering is part of family succession planning and follows Robert Magid’s sale of the Harbour Rocks Hotel in Sydney and the Hotel Lindrum in Melbourne.