Analysis

Endeavour’s property gambit needs capital and patience

Endeavour Group needs time to deliver its plans to redevelop excess land in its pubs and retail freeholdings. But how much longer will it get?

Jemima WhyteSenior reporter

Sep 1, 2024 – 8.00pm

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Endeavour Group’s plan to unlock idle riches borrows from one of the great Australian wealth-building strategies: commercial property development.

A near 19,000 square metres of land in Sydney’s northern beaches, with potential to develop some freestanding accommodation next to The Forest pub at Frenchs Forest? Available. Or, in Victoria’s Chelsea Heights some 30 kilometres from the Melbourne CBD, a 49,000 square metre site with development approval to build a supermarket next to a pub and a Dan Murphy’s store.

Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years.