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.