Who Are The Property Barons In Hobart

Tasmania’s capital and most populated city are no other than Hobart. It is known for its busy seaports and other booming industries ranging between zinc refineries to casinos. The city is also filled with several light industry manufacturers and brimming with numerous dining establishments that present delectable cuisines to satisfy everyone’s palate. It is also known as a popular tourist destination. Hobart is also known for its booming real estate sector. So, who are the personalities behind this thriving industry? We have listed a few of them below.

The Behrakis Family

The Behrakis Family is extremely popular in Hobart. The prominent family is considered as the gold standard of commercial real estate in the area. They have started to make their mark in Hobart thirty years ago. They came from Kalamata, Greece where they lived a simple life. They relocated to Hobart with almost nothing. But with hard work and perseverance, they managed to set up a small grocer’s shop. This family business grew into the ever famous Salamanca Fresh brand with several outlets across Southern Tasmania. Apart from having established this brand, The Behrakis also snapped up prime real estate properties. Their holdings include the Maldini, Jack Greene, and Cargo buildings. They also bought the Whaler Hotel, previously known as 25 Salamanca Place and Knopwoods for $304,000 in 984 through a company called Olympus. They also own properties in areas like Moonah, Bellerive, North Hobart, Battery Point, and Sandy Bay.

Emmanuel Kalis

Another influential personality but, not as popular as the Behrakis Family, in Hobart’s real estate sector is Emmanuel Kalis. He established a good reputation in Hobart and in other parts of Tasmania. He came from a small Greek island called Astypalea. He relocated to Tasmania four decades ago and started buying up properties. He now owns nearly 50 properties including the Myer building in Liverpool St., which he snapped up for $16 million in 2019. The Cooley’s in Moonah, the Beltana in Lindisfarne, North Hobart’s Black Buffalo, the Kings Meadows Hotel, Beachfront at Bicheno and the Mornington Inn Hotel Motel are only a few of the hotels and motels that he proudly owns. His holdings also include shopping centers like the Cove Hill and Kingston Gateway. He also owns retail spaces at 132-146 Elizabeth St., the Tandara Motor Inn at Triabunna, as well as other properties situated in Cove Hill and Kingston Gateway.

George Giameos

Another immigrant who made a name in Australia’s real estate sector is George Giameos. He was born and raised in Greece. He came to Australia with almost nothing. However, he managed to amass his fortunes by investing wisely in real estate. His passion and ambition helped him become a property baron in Hobart central business district. His real estate holdings include acquired the 80, 84, 86 and 139 Liverpool St. and other properties in Elizabeth Mall and Murray St. He also has holdings in Salamanca including the Banjo’s Bakery. He co-owns Salamanca Wharf Hotel on Castray Esplanade. Meanwhile, George Giameos and his son, Stefan, decided to sell the Risdon Road property, which they purchased for $1.86 million in 2010. They want to sell the property for a price of $2.5 million.

Ali Sultan

Another famous property magnate in Hobart is Ali Sultan. He immigrated from Lebanon to Tasmania in 1972. He started his own business and put up a takeaway shop in Claremont. He then acquired properties across the area. He made his presence known when he backed the project involving the development of the $3.5 million Savoy Hotel in 2011 and then sold it for $5 million in 2014. He also has holdings in the Market Place, Bathurst St., Montpelier Retreat, Sandy Bay and south, north and West Hobart. He owns several other properties like the Commonwealth Bank Building on Elizabeth St., the Mantra Hotel on Collins St., and the Wellington Center on Argyle St.

Robert Rockefeller

The last one on our list is Robert Rockefeller. The American property baron owns a lot of properties in Hobart. These include 2 Salamanca Square, Trafalgar Centre in Collins St., and 1 Franklin Wharf. Rockefeller also bought purchased 2 Salamanca Square for $2.4 million in 2004. He also picked up the 1 Franklin Wharf was snapped up for $17.5 million in 2013 through the company, Newtown Rockets.