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Developer Mark Toma ordered to settle $61m pub deal

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Mark Toma, the former director of high-flying pub investor and developer Virtical, has been ordered to complete the $61 million purchase of two well-known Sydney watering holes, Kinselas and The Courthouse in Darlinghurst by the NSW Supreme Court.

The ruling follows the vendor of the two hotels on Oxford Street’s Taylors Square, the hospitality funds arm of ASX-listed MA Financial, suing Mr Toma and four companies he owned and that he directed at the time to enforce a September 2023 sales agreement.

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    Original URL: https://www.afr.com/property/commercial/developer-mark-toma-ordered-to-settle-61m-pub-deal-20240814-p5k2ae