ATO FALLS ON VIRTICAL
The strings are unravelling on the rise and fall of the skyrocketing Virtical Group, as the ATO unleashes the first of what could be many fines for improper tax claims. An audit, which is the first to emerge from what
SUPREME COURT FINDS FOR MA FINANCIAL
The NSW Supreme Court has ruled Mark Toma, owner of pub-developer Virtical, to complete the troubled $61 million Taylor Square deal and pay costs to the vendor, MA Financial. The unlisted MA Taylor Square Fund acquired the prominent Courthouse Hotel
KINSELAS AND COURTHOUSE DEAL IN COURT
The big-ticket sale of Kinselas and the Courthouse Hotel by MA Financial to operator-developer Virtical has fallen over, with parties now arguing the specifics in court. Last September news broke that Moelis was divesting the pair of pubs at Taylor
MA BACK OUT OF TAYLOR SQUARE
Property developer Virtical has stepped up its hospitality footprint, exchanging contracts with MA Financial to acquire the high-profile Kinselas and Courthouse hotels, in Taylor Square. In November 2020, the unlisted MA Taylor Square Fund acquired the prominent Courthouse Hotel on
MOELIS TAKES TAYLOR SQUARE WITH KINSELAS
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for
KINSELAS BREAK-IN LEAVES BANDIT SORE AND SORRY
Sydney’s Kinselas was victim to a criminal mastermind, orchestrating a cunning entry into the Darlinghurst pub and making off with a bag of convenient booty. NSW Police report CCTV footage (below) caught a man around 4am yesterday (10 July) using
