Jun 5, 2026 – 4.01pmTwo Sydney venues formerly controlled by bankrupt publican Jon Adgemis have sold to ASX-listed Clime Asset Management and Singapore-headquartered Vantage Point Asset Management for about $80 million, after a previous proposed deal with Millinium Capital’s Tom Wallace fell over last month.South Bondi Hotel – otherwise known as Noah’s Backpackers – in Bondi Beach and Empire Hotel in Annandale have been snapped up by the two asset managers for about $60 million and $20 million respectively, plus costs, in a fresh deal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Two Sydney venues of bankrupt publican Jon Adgemis in new hands
The South Bondi Hotel at Bondi Beach and the Empire Hotel in Annandale have finally sold after a previous deal failed to settle.
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