Restaurants

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A $13 million luxury development at Circular Quay has been planned, with Queensland-based company rawGROUP Hospitality aiming to break into the Sydney market.
rawGROUP Hospitality Director Adrian Rosato said the company had signed a lease for a 662 square metre site in the luxury residential and retail development, Opera Residences at Bennelong Point.
The project will replicate the business’s Madame Wu riverfront restaurant in Brisbane.
“With the fit out included, we are planning for the total investment in this project to be around $13 million,” he said. 
“Madame Wu Sydney will stretch across two levels, offering diners extraordinary views of one of the world’s most iconic settings, and will be located inside the luxury development that has been reported as having Australia’s most expensive apartments.” 
rawGROUP Hospitality also owns Chu the Phat Asian street food diner in South Brisbane, a chain of casual Beach Bar and Grill restaurants across south east Queensland, and an Italian eatery at Chermside in Brisbane’s northern suburbs.
The company opened Madame Wu Brisbane, on Eagle Street, in 2014.
Sydney-based designer Paul Papadopolous of DS17, who designed the Brisbane complex, will also be applying his flare to the Sydney site.
He described the project as ‘glamorous, contemporary and eclectic’. 
Madame Wu Sydney is expected to open before Christmas 2020.
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Queensland's Madame Wu restaurant chain coming to new development at Circular Quay

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Four commercial premises in Redfern's popular dining hub The Alchemy have been listed for sale.
The <a href="https://www.realcommercial.com.au/property-retail-nsw-redfern-502818198" target="_blank">properties on the corner of Pitt and Redfern Streets</a> are currently home to restaurants Bart Jr, Fern St, Isaacs and the recently opened Juan.
Isaacs restaurant takes up two shop spaces.
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The net income range from $54,000 per annum to $143,000. Each premises has new five to eight year leases.
The properties in the recently completed development are being offered for sale individually or all together.
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The ground floor offerings sit beneath apartments. 
Ray White Commercial agents Scott Stephens, Justin Rose, Samuel Hadgelias and Jeff Moxham are marketing the property for a June 13 auction.
Each space was bought in 2016 and 2017, with the purchase prices totalling just over $3.5 million.
 
 
 
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Redfern's popular dining hub The Alchemy listed

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A Chinese BBQ restaurant will open up in a High Street building in Preston, following a deal negotiated by Fitzroys.
The two-level, 355 square metre 449 High Street building has a ground floor area of 280 square metres and first floor of 75 square metres.
Terence Yeh struck the terms of the deal with North China BBQ at $108,000 per annum plus outgoings and GST on behalf of a private owner.
Yeh said the property presented a very rare opportunity for a business to a gain a presence in a popular and tightly held area.
“Enquiry came from a range of operators who all recognised the scarcity of this type of offering, including banks, hospitality businesses and service retailers,” he said.
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Chinese BBQ has a taste for Preston

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The Melbourne-based Dixon Hospitality Group has appointed Citi to look at its possible acquisition of the overburdened food and beverage group Keystone Group.
Dixon has only just signed off on its $31 million purchase of the Beer DeLuxe Group.
The Australian Financial Review says Dixon seeks to expand its portfolio ahead of a potential $300 million ASX listing next year. 
Dixon Hospital Group was set up in 2012 by Bruce and Michael Dixon who now own 30 venues. 
Keystone is up for sale via receiver Ferrier Hodgson. 
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