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Tim Gurner, Qualitas take control of Jam Factory after $180m raising

Rich Lister Tim Gurner and ASX-listed financier Qualitas have taken full ownership of the famous Jam Factory site on Melbourne’s Chapel Street after buying out fund manager Newmark Capital’s 65 per cent share for about $125 million.

The deal, which follows the Gurner-Qualitas partnership buying a 35 per cent stake in the project in 2021 for about $75 million, ends Newmark’s near nine-year interest in the two-hectare heritage site.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/commercial/tim-gurner-qualitas-take-control-of-jam-factory-after-180m-raising-20240703-p5jqpx