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Q&A: Powered by property

Leading investors discuss Australia’s passion for property

 

Property is a national obsession and was the single biggest category of wealth creation in our inaugural edition of The List – Australia's Richest 250.

 

Join us at this subscriber-exclusive Q&A to hear three of Australia’s most successful property moguls – Jerry Schwartz, Arnold Vitocco and Shaun Bonett - in conversation with The List editor, John Stensholt. They’ll talk about how they got where they are today as well as their view on the market and where it’s headed.

 

You’ll also get behind the scenes insights into how the inaugural list was created from Australia’s leading prestige magazine editor David Meagher. Don’t miss the must-see panel discussion on the state of the property market and wealth in Australia.

 

Hurry, tickets will sell fast.

 

Sydney, Tuesday, July 30, 2019

Foxtel on Oxford, 1/11 Oxford St, Paddington, NSW 

6:00 pm - 8:00pm

$25pp + GST 

 

The panel

 

John Stensholt – Editor, The List

 

John Stensholt joined The Australian in July 2018. He writes about Australia’s most successful and wealthy entrepreneurs and the business of sport. Previously he worked at The Australian Financial Review and BRW, editing the BRW Rich List. He has won Citi Journalism and Australian Sports Commission awards for his corporate and sports business coverage.

 

 

David Meagher – Editor, WISH Magazine, Mansion Interiors Magazine and our inaugural The List, Australia's Richest 250

 

David is Australia's leading prestige lifestyle editor. He edits some of Australia's most well-regarded titles including the monthly luxury lifestyle magazine WISH, Mansion Interiors Magazine and our inaugural The List, Australia's Richest 250 all inserted into The Australian. He has also written a number of books including Fashion Speak: Interviews with the world's leading designers and It’s Not Etiquette: A guide to modern manners and is always the most well dressed, distinguished man in the room.

 

Jerry Schwartz - Principal, Schwartz Family Company

 

Schwartz is a prominent owner of a string of hotels in Sydney, including the Sofitel Darling Harbour, Rydges Sydney Central in Surry Hills and Rydges World Square, as well as the Ibis hotel in King Street in Sydney’s CBD. Schwartz also owns commercial properties in Newcastle, including the Crowne Plaza hotel and a site in the city’s CBD where he plans a $24 million conference centre, as well as in Melbourne. A cosmetic surgeon, Schwartz is the son of the late Bela and Eve Schwartz. Bela arrived in Australia from Hungary in 1938 and ran a dental practice in Kings Cross before investing in houses and then hotel and retail properties. Schwarz has continued the strategy and is now one of the biggest individual hotel owners in the country. He bought a $67 million mansion in Sydney’s Vaucluse last year.

 

 

Arnold Vitocco - Director, Dart West Retail

 

Vitocco owns the hugely successful Narellan Town Centre in Sydney’s south-west with billionaire Tony Perich. The duo are also both successful property developers in their own right in the city’s west, though the Narellan mall is undoubtedly the jewel in their crown. Some estimates have it as the biggest privately and family-held shopping mall in the country, with a giant 72,000sq m complex that doubled in size after its latest refurbishment and could see more than $500 million spent by consumers each year. The then relatively small centre opened in 1995 after a handshake deal between Vitocco and Perich to build a mall on the site, but it has since been expanded several times. Their Dart West Development made a profit of more than $20 million in 2018 and they also have retail outlets.

 

 

Shaun Bonett - Managing director, Precision Group

 

Bonett’s wealth is found in a portfolio of shopping malls and commercial property assets held by his Precision Group. Originally from Adelaide, he oversees from his Sydney base an empire that includes the Metro Chatswood Centre in the city’s north and the White Horse Hotel in inner-city Surry Hills. But he still has a collection of assets in Adelaide, where he is spending $45 million to redevelop what will become Port Adelaide Plaza. Bonett had also diversified his wealth into other investments, including the ASX-listed data analytics firm Skyfii, Litigation Lending Services and Prezzee, the largest eGift card provider in Australia.

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