Fancy a pink spiegeltent? Liquidators chase ‘urgent sale’ after collapse
Liquidators of the company behind Australia’s answer to the Moulin Rouge are chasing the urgent sale of its bright-pink spiegeltent following the collapse of The Pink Flamingo.
Liquidators of the company behind Australia’s answer to the Moulin Rouge are hoping to find a single buyer for the assets of its Brisbane cabaret The Pink Flamingo.
Jason Bettles of Worrells, via auctioneers Hymans, has called for “urgent expressions of interest” in the bright-pink spiegeltent and its gilt contents at Hamilton.
The company behind the cabaret, described as “Brisbane’s crown jewel of entertainment” and co-directed by Gold Coast nightclub veteran Tony Rigas and artist Sue Porrett, went bust in March owing $1.96m.
Documents lodged by the liquidator said the company’s assets were worth around $2.77m.
According to the agent’s brochure, those assets are mostly pink and include the “Spiegel Pavilion”, a purpose-built 364-seat theatre with fixed cabaret tables, a 12m LED screen wall and custom lounge seating to house guests in “opulent style”.
Other zones in the tent include the Platinum Lounge, decked out for VIP gatherings and The Pink Lounge and Bar - an after-party venue resplendent with - you guessed it - pink furnishings.
The cabaret’s collapse came less than a year after the company that launched Pink Flamingo Gold Coast, Project 88 TPF, was put in voluntary liquidation with $3.7m debt.
It is the eighth company liquidation for Rigas, a former bankrupt who has enjoyed a long and colourful night-life career.
Colmslie Wharves development
Third-generation Australian-owned family business Raptis Investments has lodged an application for the development of Colmslie Wharves, and they’re saying it will deliver an annual $100m economic boost to the River City and attract an extra 100,000 visitors per year.
The new marina will be co-located with Raptis Seafoods at Colmslie Rd, Murarrie, and is next to the Rivermakers food and entertainment precinct.
Plans lodged by the property management arm of the longstanding family owned seafood group includes 51 berths designed to accommodate vessels up to 35m long, on-water fuelling, wastewater facilities, carparking and staff amenities.
The Queensland Government is backing the Colmslie Wharves with a $4m grant from its Growing Tourism Fund.
Raptis Investments chief executive Tim Beirne says Colmslie Wharves will provide the missing piece in Brisbane’s marine tourism industry by creating a much-needed permanent home for commercial vessels.
“While Brisbane is known as the River City, we are underperforming in river tourism compared with other Australian capital cities and less than 10 per cent of overnight visitors currently participate in a river, bay or islands experience,” says Beirne who is the younger brother of Colliers’ boss Simon.
“Colmslie Wharves will support and grow aquatic tourism by giving current operators the
security of long-term berthing while also encouraging new entrants to the industry.”
New team
After months in leadership limbo, the state government says they have appointed a trio of “reformers” to lead a new look construction industry watchdog.
Greg Chemello has been appointed chair of the Queensland Building and Construction Commission, replacing Michelle James who resigned in February.
Chemello has been CEO of Economic Development Queensland, CEO of the City of Moreton Bay and deputy director general in the Department of Infrastructure, Local Government and Planning.
Angelo Lambrinos will take the reins as the QBCC’s new Commissioner and CEO, replacing Anissa Levy whose contract was not renewed at the end of last year.
A qualified engineer with extensive experience in construction, Lambrinos has worked for more than 25 years across the industry to deliver operational reform across complex projects, including at road operator Transurban.
Amelia Hodge also joins the Board, bringing property and regulatory experience from CEO and senior executive roles including at the Australian Property Institute and the Queensland Law Society.
Originally published as Fancy a pink spiegeltent? Liquidators chase ‘urgent sale’ after collapse
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