This is probably not the page you’re looking for Sorry there was an error with your request. A Sydney man has been arrested and charged as the alleged head of a global organised crime app, as police continue to make Australian arrests into the week. The 32-year-old man, Jay Je Yoon Jung, was arrested at his home in Narwee on Tuesday as part of a global takedown effort against encrypted communications network ‘Ghost’. The Australian Federal Police describes Ghost as a platform “built solely for the criminal underworld” – and has accused users of the app of participating in such crimes as drug-trafficking through to threats of serious violence. After reportedly decrypting and reading messages from Ghost, police have charged the alleged NSW kingpin for creating and administering the global app. “It is the first time an Australian-based person is accused of being an alleged mastermind and administrator of a global criminal platform,” said the AFP. The AFP further “restrained” various cryptocurrencies and bank accounts related to Ghost, before alleging the man used a “network of resellers” to distribute specialised handsets to criminals across the globe. These handsets – effectively modified smart phones – were sold for approximately $2,350 apiece and included a six-month, software-as-a-service type subscription to the encrypted communications app, which even came bundled with tech support. As of Tuesday, the AFP will allege there were 376 active handsets in Australia. “We allege hundreds of criminals, including Italian Organised Crime, outlaw motorcycle gang members, Middle Eastern Organised Crime and Korean Organised Crime have used Ghost in Australia and overseas to import illicit drugs and order killings,” said AFP deputy commissioner Ian McCartney. “Taking down dedicated encrypted communication devices takes significant skill. “But the holy grail is always penetrating criminal platforms to access evidence – and this is where the AFP is world leading.” The NSW man will front court today to face five charges, including one count of supporting criminal organisation and one count of dealing with the suspected proceeds of an indictable offence less than $100,000 – both of which carry a maximum penalty of three years’ imprisonment. He’ll also face charges for dealing in identifying information and using it to commit fraud, obtaining identification information using a carriage service with intent, and another for contravening a certain requirement of the Crimes Act 1914 – which could altogether net collective maximum penalties of 20 years’ imprisonment. By midday Wednesday, the AFP declared six more men in NSW arrested as part of a criminal syndicate which used the app to “organise drug importations and manufacture a false terrorism plot to pervert the course of justice”. “It will be alleged messages captured on the encrypted device detailed conversations about accessing machine guns, bombs, hand grenades, rocket launchers and flags with terrorist insignia as part of the conspiracy,” said the AFP. Police test a phone for fingerprints. Source: AFP The AFP also announced three members of “an alleged Victorian-based criminal syndicate” were accused of serious drug offences and arrested early Tuesday morning. Police will allege the syndicate used encrypted communications devices and the Ghost platform to “plan and execute illicit drug supply and distribution operations across Victoria”. All-in-all, up to 50 domestic offenders will be alleged of having used Ghost for drug-trafficking, money laundering, threatening serious violence and even “ordering killings”. These alleged offenders are facing “serious charges”, including significant prison sentences, with more Australian and international arrests expected over coming days. McCartney says thanks to the AFP having decrypted and read messages from Ghost, state partners and police were able to “prevent the death or serious injury of 50 individuals in Australia”. “As Ghost haunts criminals who used the platform, the AFP will be ever present to disrupt and target organised crime in Australia and offshore,” said McCartney. The latest arrests come as part of a two-day action under the AFP’s ‘Operation Kraken’ – which was formalised in 2022 and conducted alongside a similar, global taskforce which EU law enforcement agency Europol launched against Ghost’s global operations. On Tuesday and Wednesday, about 700 AFP members executed search warrants and provided support across four Australian states and territories, while “near-simultaneous” police action was undertaken in Ireland, Italy, Sweden and Canada. Although Ghost was created some nine years ago, the AFP says the “opportunity for law enforcement to target the platform” first arose in 2022 when international partners requested the AFP join its operational taskforce. Australia’s Operation Kraken was then launched to execute a “covert solution to infiltrate Ghost” – during which the AFP intercepted and modified software updates being pushed out by Ghost’s administrator. This effectively “infected” those recipient devices and enabled the AFP to access their contents across Australia. Niusha Shafiabady, cyber security expert and associate professor at the Australian Catholic University’s Peter Faber Business School, told Information Age Ghost’s encryption methods are similar to those of messaging app Telegram's "secret-chats", which support self-destructing messages and leave no trace of them on company servers. “We don’t know what encryption protocol Ghost was using, but it encrypted the messages in a way that only the receiver can decrypt them,” said Shafiabady. “In Telegram, the secret-chats function gives an added layer of security by self-destructing messages within a timeframe or notifying the sender if the receiver takes a snapshot of the message. “I would imagine a more strict level of added security would have been implemented for Ghost app.” Operation Kraken has so far seen some 38 arrests, 71 search warrants and more than 200 kg of illicit drugs prevented from “harming the Australian community”. Europol – working alongside the AFP, the US Federal Bureau of Investigation, and forces from Canada, Sweden, the Netherlands, Ireland and Italy – will host a press conference later today to provide more detail on its global efforts to dismantle the Ghost network. CNN and the BBC World Service which is copyright and cannot be reproduced AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) Narwee Station has been upgraded to improve accessibility for people with disabilities parents with prams and tourists with luggage The upgrade of Narwee Station is now complete and open to the public The project team would like to thank the Narwee community and commuters of Narwee Station for their patience and support throughout the project Transport for NSW recognise and celebrate the diversity of Aboriginal peoples and their ongoing cultures and care of Country We pay respect to traditional custodians and Elders past and present Add articles to your saved list and come back to them any time Premium pubs are back on the radar of investors with the $45 million sale of the Narwee Hotel in Sydney's St George area setting a record for the year a multi-storey property over 3370 square metres has been snapped up by Iris Capital which also owns the Steyne Hotel in Manly on Sydney's northern beaches The property has been owned and operated by the Ryan family for 33 years The Narwee Hotel was sold after being owned and operated by the Ryan family for 33 years.Credit: The deal tops the record $43 million paid for the Macquarie Hotel by the De Angelis family on behalf of Monarch Hotels in August It also caps off a busy few weeks for the pub sector with a series of sales by the listed Redcape Hotel Group and Hotel Property Investments private players Moelis and pub tsar Justin Hemmes' Merivale The growing appetite of heavyweight buyers for top-tier properties comes as coronavirus restrictions for pubs and patrons are eased across New South Wales and Victoria Merivale boosted its portfolio last month paying $32 million for the Duke of Gloucester hotel in Randwick also recently bought iProsperity’s distressed portfolio of 17 Ibis hotels from AccorInvest for $180 million “I’m delighted to have purchased the Narwee Hotel from the Ryan family and recognise the significance of selling a business having owned and operated it since 1987 and the impressive presentation and positioning of the asset satisfied not only our key investment criteria but also met a geographical objective we held for that part of Sydney.” HTL Property chief executive Andrew Jolliffe with directors Dan Dragicevich and Sam Handy said established investors are acquiring A-grade hospitality properties at a time when interest rates are at record low levels “When we consider the origin of the most recent capital deployment events it is almost exclusively linked to leading groups such as Redcape Meanwhile CBRE research’s Chinmay Chitale said despite trade conditions improving across the country the pub industry faces a key litmus test over the next 12 to 18 months “JobKeeper payments are being gradually phased out and amnesty periods offered by banks are expiring and this will place further stress on balance sheets in the future,” Mr Chitale said rent abatements are due to kick back in with the additional 50 per cent rent to be added to existing rents over the remainder of lease terms.” He added that pub businesses should take solace from the Federal Government’s 2020-21 Budget initiative to provide full capital asset deductions and loss carry-back provisions as a measure to reduce tax burdens and improve profitability moving forward the measures should help alleviate some medium-term pressure off their balance sheets Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox. Sign up for the Herald's here and The Age's here with the $45 million sale of the Narwee Hotel in Sydney's St George area setting a record for the year has been snapped up by Iris Capital which also owns the Steyne Hotel in Manly on Sydney's northern beaches private players Moelis and pub tsar Justin Hemmes' Merivale also recently bought iProsperity\\u2019s distressed portfolio of 17 Ibis hotels from AccorInvest for $180 million \\u201CI\\u2019m delighted to have purchased the Narwee Hotel from the Ryan family but also met a geographical objective we held for that part of Sydney.\\u201D \\u201CWhen we consider the origin of the most recent capital deployment events Meanwhile CBRE research\\u2019s Chinmay Chitale said despite trade conditions improving across the country \\u201CJobKeeper payments are being gradually phased out and amnesty periods offered by banks are expiring and this will place further stress on balance sheets in the future,\\u201D Mr Chitale said rent abatements are due to kick back in with the additional 50 per cent rent to be added to existing rents over the remainder of lease terms.\\u201D from the Federal Government\\u2019s 2020-21 Budget initiative to provide full capital asset deductions and loss carry-back provisions as a measure to reduce tax burdens and improve profitability moving forward Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox. Sign up for the Herald's here and The Age's here A 26-year-old man is in hospital after officers were called to a Narwee property following reports a person had part of their finger amputated Police have interviewed a 26-year-old man in hospital after a severed finger was found on the windscreen of a car in south-west Sydney. The finger was spotted by a resident returning to his parked car in Riverwood about 7.30am on Wednesday. Read moreHe reported the discovery to police who found blood on the front door of a nearby unit Officers forced entry to the property about 11am missing part of his finger,” police said in a statement on Thursday The 26-year-old man was treated by paramedics and taken to hospital Police said they had been called to a unit early on Wednesday in the neighbouring suburb of Narwee after reports a person had part of their finger amputated Officers arrived at the unit shortly after 3.30am and spoke to the occupant before an unknown man allegedly fled via a balcony Police have set up crime scenes and forensically examined both units and the car where the finger was found Campsie police have not established a motive for a suspected arson attack on a Narwee takeaway food store Police and NSW Fire & Rescue crews were called to Narwee No 1 Takeaway in Penshurst Road just before 2am on Tuesday The fire destroyed the interior but no-one was inside at the time Detective Inspector Paul Albury of Campsie police said investigators had spoken to the owner of the takeaway shop and were reviewing CCTV footage from surrounding businesses Suspicious: The scene at Narwee No 1 Takeaway today Picture: Jane Dyson‘‘The owner has been very helpful in assisting with our inquiries but we are still trying to get in contact with the owner of the building,’’ he said ‘‘We’re still in the early stages of the investigation.’’ Campsie police are treating a fire at a Narwee takeaway food store as suspicious Police and NSW Fire & Rescue crews were called to Narwee No 1 Takeaway in Penshurst Road just before 2am today No one was inside the premises at the time A crime scene has been established and police and fire investigators are making further inquiries Sign up for our newsletter to stay up to date We care about the protection of your data. Read our Privacy Policy Suburbs where Sydney homeowners spend the longest have been revealed Sydney suburbs where people are staying put for at least 20 years have been revealed New data from PropTrack has revealed Sydney’s most tightly held suburbs where competition is at an all time high when a property hits the market Homeowners are choosing not to leave houses in Sydney’s southern suburbs of Arncliffe and Monterey for more than 20 years along with the Northern Beaches suburb of Allambie Heights St Johns Park recorded an average stay of 19.7 years due to its size and high number of owner occupiers harbourside suburbs such as Cremorne Point and Kirribilli have emerged as the most tightly held with average stays of 17 and 16 years followed by southern suburbs including Narwee and Eastlakes Why would you leave a view like this in Cremorne Point people who stay in homes for many years have sought out lifestyle benefits and location Inside Alan Joyce’s ‘unexpected’ $20m+ retirement home PropTrack economist Anne Flaherty said more than 20 years was a “definitely a long time” for home ownership “It’s double what we see in an average typical suburb,” she said “The average hold time is up 23 per cent over the past decade Nationally properties are owned for 11 years on average People are holding onto properties a lot longer.” Ms Flaherty said the most tightly held suburbs tended to appeal to a wide range of people and were often found in the middle and outer suburban areas She said they were also in the more expensive Tightly held suburbs range from the middle to outer suburban areas to the more expensive MORESave an icon: own a koala oasis for only $5k $2k a night adults-only getaway up for grabs “They range from young families who want to be close to parks and schools to retirees looking for a good lifestyle,” she said “It’s a cycle … it’s difficult to buy in and once they are in they don’t want to sell.” She said the burden of stamp duty was also part of the story of longer ownership “It’s a big one off tax every time you buy a new home and is a disincentive to selling,” she said There are many people who may do the maths and work out that if they were to sell their property and purchase another property they would be forking out an enormous amount in stamp duty.” TOP 10 SUBURBS SYDNEYSIDERS DON’T WANT TO LEAVE Cremorne Point – 17.20 years average hold time third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. By accessing or using our platform, you agree to our Terms of Use. A weekend appointment had us discovering a new suburb and a new cafe Little Alley is a bit of inner city Sydney in the South of Sydney with an on trend menu and wholesome tasty food "I've found a little cafe," says Mr NQN excitedly I've just finished an acupuncture appointment in Narwee and my stomach was grumbling most discontentedly There are sunny outdoor tables as well as an inside section but the outdoor tables are the pick They give us some recommendations and we go with those Drinks are ordered-Mr NQN likes the sound of the deconstructed iced latte while I go for a taro latte which is actually quite delicious For the iced latte you pour the milk in a cup and then add the frozen coffee ice cubes For a man that is super fussy about his coffee (aka a bit of a coffee snob and drinks cold drip only) This is the most popular dish on the food menu There's one large thin slice of toast topped with sauteed mushrooms two runny centered poached eggs and hollandaise With just enough of everything you get a bit in every bite I might be tempted to add avocado next time but I think I'd just be being greedy We were uming and aahing about whether to get the green curry chicken burger or the Cajun chicken burger but we go with the latter as that's the more popular one It's a tender and very flavoursome chicken thigh fillet with chilli mayo cucumber pickles and rocket on a soft milk bun served with chips on the side And yep I asked for tomato sauce and aioli on the side because you can never have too much sauce what condiment do you like to have with fries And do you like discovering new suburbs or areas Iris Capital is paying $45 million for south west Sydney’s Narwee Hotel – a deal which could end the year as the priciest for an Australian pub Last week, Iris Capital, led by Sam Arnaout, paid AccorInvest c$180m for 17 tourism hotels – the bulk of iProsperity’s distressed portfolio Sydney hospitality eras ending after over three decades Another recently sold venue – Dulwich Hill’s Gladstone Hotel – was owned for 43 years but also met a geographical objective we held for that part of Sydney” he added (story continues below) A former property analyst and print journalist Marc is the publisher of realestatesource.com.au Forgot your password? You will receive mail with link to set new password Back to login but we don't want to lose you.\"}],[\"$\",\"div\",null,{\"className\":\"notfound-page__text-block\",\"children\":\"We recently updated the way we organise our articles 'div-gpt-ad-1511396693346-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_Leaderboard_Position_1' 'div-gpt-ad-1511394032333-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/970x90_bottom_leaderboard' 'div-gpt-ad-1511396722471-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_Hompage_Leaderboard_Position_1' 'div-gpt-ad-1661741627089-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/undefinedTUD_Homepage_Internal_728x90' 'div-gpt-ad-1534480172990-0').addService(googletag.pubads());\n // home leaderboard (mobile)\n googletag.defineSlot('/34178149/970x90_top_leaderboard' 'div-gpt-ad-1511397345189-0').addService(googletag.pubads());\n 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googletag.defineSlot('/34178149/300x250_Middle_MREC' 'div-gpt-ad-1511395202314-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_RHS_MREC' 'div-gpt-ad-1511395237641-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_Mobile_Middle_MREC' 'div-gpt-ad-1511489982092-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x600_2nd_homepage_skyscraper' 'div-gpt-ad-1511938773649-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/728x90_leaderboard_position_2' 'div-gpt-ad-1510792120057-0').addService(googletag.pubads());\n googletag.defineSlot('/34178149/300x250_Article-page_Position01' initial-scale=1\"}],[\"$\",\"meta\",\"1\",{\"charSet\":\"utf-8\"}],[\"$\",\"title\",\"2\",{\"children\":\"Iris Capital Set Pub Record with $45m Deal | The Urban Developer\"}],[\"$\",\"meta\",\"3\",{\"name\":\"description\",\"content\":\" Iris Capital has picked up the Narwee Hotel for $45 million in a move marking Australia’s largest pub sale of 2020 the Narwee Hotel sits 18 kilometres south of the Sydney CBD on a 3370sq m commercial site.\u003c/p\u003e\u003cp\u003eThe sale continues the run of established investors buying A-grade hospitality properties amid record-low rates \u003c/p\u003e\u003cp\u003eThe previous highest paid price for a pub this year was the Macquarie Tavern in Liverpool which sold on behalf of Monarch Hotels to the De Angelis family for $43 million Justin Hemmes’ Merivale \u003ca href=\"https://theurbandeveloper.com/articles/justin-hemmes-merivale-duke-of-gloucester-hotel-sydney\"\u003epurchased\u003c/a\u003e a Randwick pub in Sydney’s eastern suburbs for $32 million has been steadily\u003ca href=\"https://theurbandeveloper.com/articles/hotel-steyne-sells-for-more-than-60m\"\u003e expanding\u003c/a\u003e its hospitality portfolio which also includes the Golden Tiger Hotel at Hurstville and Steyne Hotel in Manly secured for $60 million in May last year \u003c/p\u003e\u003cp\u003eArnaout said the Narwee asset pub purchase had presentation and positioning.\u003c/p\u003e\u003cp\u003e“The asset satisfied not only our key investment criteria but also met a geographical objective we held for that part of Sydney,” Arnaout said \u003c/p\u003e\u003cp\u003eLast month Arnaout’s Iris Capital also \u003ca href=\"https://theurbandeveloper.com/articles/iris-capital-acquire-accor-portfolio\"\u003epaid\u003c/a\u003e $180 million for a portfolio of 17 Ibis hotels from Accor Invest \u003c/p\u003e\u003cp\u003eThe deal struck with the French hotel giant was for the 17 Accor operated hotels comprising 1,800 rooms across Australia.\u003c/p\u003e\u003cp\u003eThe Narwee pub transaction was managed by HTL Property’s Andrew Jolliffe \u003c/p\u003e\u003cp\u003e“The sale price achieved pays deference to the nature of the opportunity and is justified given the scarcity of large-format Top 150 gaming hotels which also enjoy strong food accommodation and alternative use value,” Dragicevich said \u003c/p\u003e\u003cp\u003eThe sale of the Narwee Hotel continues the national run rate of one hotel being sold per week in 2020 HTL Property said.\u003c/p\u003e\u003cp\u003e“When we consider the origin of the most recent capital deployment events Merivale and Iris Capital,” HTL Property managing director Andrew Jolliffe said \u003c/p\u003e\u003cp\u003e“This is instructive on a range of levels Lendlease’s third residential building in the Collins Wharf precinct of Victoria Harbour.\u003c/p\u003e\u003cp\u003eThe 28-storey building at 971 Collins Street in Melbourne’s Docklands will deliver 312 homes in a mix of one two and three-bedroom apartments as well as townhouses and penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development in 2019 and is also working on LendLease’s second tower Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels “reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure the development is targeting a 5 Star Green Star certification Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works including remediation of pre-existing wharf piles installation of raker piles and construction of the extension to Australia Walk are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address .. which took just a handful of hours to emerge on Saturday night the Coalition’s failure to sway voters has come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support it got the thumbs down from many of Australia’s top economists who said the measure could prove highly inflationary among other issues.\u003c/p\u003e\u003cp\u003eSimilarly its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out that the Coalition’s rejection of the Green’s policies around housing supply affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP went to the polls spruiking an extension of schemes introduced during its previous term including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme under which the Government pays up to 40 per cent of the house price to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se or the lack of detail and depth to the Coalition’s the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear been endorsed to follow through on its policies and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion 100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have made many changes to how they enable home development The Federal Government’s support of that is crucial to its success material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook Owned and operated by the Ryan family for more than 30 years the Narwee Hotel sits 18 kilometres south of the Sydney CBD on a 3370sq m commercial site The sale continues the run of established investors buying A-grade hospitality properties amid record-low rates The previous highest paid price for a pub this year was the Macquarie Tavern in Liverpool Last month, Justin Hemmes’ Merivale purchased a Randwick pub Iris Capital, led by Sam Arnaout, has been steadily expanding its hospitality portfolio Arnaout said the Narwee asset pub purchase had presentation and positioning “The asset satisfied not only our key investment criteria Last month Arnaout’s Iris Capital also paid $180 million for a portfolio of 17 Ibis hotels from Accor Invest The deal struck with the French hotel giant was for the 17 Accor operated hotels comprising 1,800 rooms across Australia The Narwee pub transaction was managed by HTL Property’s Andrew Jolliffe “The sale price achieved pays deference to the nature of the opportunity and is justified given the scarcity of large-format Top 150 gaming hotels which also enjoy strong food The sale of the Narwee Hotel continues the national run rate of one hotel being sold per week in 2020 however most notable is the fact that some particularly experienced actors within the asset class are the ones who are prosecuting the most definitive acquisition strategies.” Picture suppliedNarwee Public School is being promised an upgrade under a re-elected NSW Liberal and Nationals Government Oatley MP Mark Coure said the upgraded Narwee Public School will be an incredible addition to the schools in the area "Narwee Public School is an older school and this investment with bring new life to the school and support the needs of local families into the future," he said "Because of the Liberal and Nationals long-term economic plan we can commit to an upgrade at Narwee to help meet the needs of this community." Minister for Education and Early Learning Sarah Mitchell said she was pleased to be able to make a commitment to students and families "The Liberal and Nationals in government have a proven track record of delivering schools for growing communities," she said The NSW Liberal and Nationals Government is investing $8.6 billion in school infrastructure over the next four years continuing its program to deliver 160 new and upgraded schools to support communities across NSW Want more local news? Sign up for your free weekly newsletter. St George and Sutherland Shire Leader reporter covering education, health and general community news. Email: ekolimar@theleader.com.au We care about the protection of your data. Read our Privacy Policy. don't be surprised to see a queue of teens in a long snake line All articles from our website & appThe digital version of Today's PaperBreaking news alerts direct to your inboxInteractive Crosswords Sudoku and TriviaAll articles from the other regional websites in your areaContinueWaiting to get a glimpse or lucky snag of a pair of highly-sought after sneakers where young people from across Sydney go to mingle over pairs of rare shoes that only those in the know with anyone welcome to see if their one-off vintage soles carry some value Crep Shop's huge fan base does the talking - and walking it seems with international rap musicians converging on the suburban hub like a flame to a moth who already operated the brand successfully online for the past several years launched into a physical space so youth would have a place to safely gather in the community "There's not anything like this in the area that does what we do "We are looking out for the kids and trying to make them happy by giving them a place to come to and hang out after school "I've got a Streetfighter arcade game they play The Rockdale resident said his goal from the start was to encourage kids to socialise over a shared passion - beats "Online competition is saturated but even though Narwee is a quiet area I wanted to give young people a place where they can go to meet up and talk about their favourite artists," he said We wrap our brand around the theme of rap culture "I wanted something like this when I was a young kid So instead of having to travel into the city we have something in the neighbourhood that's providing that." What gets them in are the gear - discontinued turned exclusive pairs of shoes "You wouldn't find this in a normal store," Mike said. "People are willing to pay a little bit extra. The most expensive ones I've sold was a pair of Louis Vuitton Air Force, to UK artist Central Cee. The re-sell value was $13,000." The rest of the world has also taken notice. Word spreads fast, and through referrals within the rap arena, Crep Shop is getting some big names through the doors, for regular meet and greets. It has hosted several Australian, US and UK artists, including British rapper Knucks. "Kids were travelling from all across Sydney to see these rappers," Mike said A lot of people have seen what we've done here and they wanted to replicate it Other bigger brands have reached out to these big rappers and they've been knocked back." Next up on April 17 from 3.30pm is an appearance by UK rap musician SL whose hit song Tropical got more than 50 million views on YouTube and million more downloads on Spotify He performs in Sydney's Metro Theatre on April 18 "This time we've added thousands of dollars worth of giveaways to the event so we are expecting a larger turnout," Mike said Details St George and Sutherland Shire Leader reporter covering education Today's top stories curated by our news team Don't miss updates on news about the Public Service Grab a quick bite of today's latest news from around the region and the nation Catch up on the news of the day and unwind with great reading for your evening Get the editor's insights: what's happening & why it matters Your exclusive preview of David Pope's latest cartoon Join our weekly poll for Canberra Times readers We've selected the best reading for your weekend Get the latest property and development news here tips & travel writing to transport you around the globe Your weekday morning newsletter on national affairs Your essential national news digest: all the big issues on Wednesday and great reading every Saturday Let the ACM network's editors and journalists bring you news and views from all over reviews and expert insights every Thursday from CarExpert Your digital replica of Today's Paper Test your skills with interactive crosswords Add videos to your saved list and come back to them any time Iris has executed the biggest sale of the year in the final weeks of 2020 taking the Ryan family’s long-held Narwee Hotel in Sydney’s south The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite the Narwee Train Station Currently ranked #137 on the Liquor & Gaming list of NSW pubs it is surrounded by Top-50 and Top-100-ranked venues and blessed with three-hour weekend gaming shutdown Marketing literature poses it will likely become a regular Top-50 business following an on-trend renovation of the gaming room An approved flexible development is already in place with the B2-zoned site enjoying a 27-metre height limit FSR ratio of 4:1 and 53 metres of street frontage potentially allowing 154 residential apartments and retail strata above a reduced pub footprint There is also possibility of an even larger mixed-use retail commercial and residential development through acquisition and amalgamation of an adjoining site Des Ryan has enjoyed a prominent career as a publican including serving time in the ranks of the AHA The Ryan family has held title to a few pubs and to Narwee’s institutional watering hole for decades and recognize the significance of selling a business having owned and operated it since 1987,” offered Iris’ Sam Arnaout Making up for lost time in 2020, some of the industry’s biggest names have been dominating most recent acquisitions, as seen in Merivale’s purchase of The DOG, Redcape’s purchase of the Gladstone, and Iris’ very recent $180 million purchase of the Ibis collection The price achieved for the Narwee, which sources say was around $45 million, makes it the largest nationally for 2020 following Monarch’s $43 million divestment of the Macquarie Tavern to the De Angelis family in August The sale campaign saw a shortlist of parties with both the capacity and intent to purchase at the specified price point produced by HTL Property’s Andrew Jolliffe who are pleased to see the year winding up with a bounce “The sale price achieved pays deference to the nature of the opportunity and is justified given the scarcity of large-format Top-150 gaming hotels that also enjoy strong food accommodation and alternative use value,” says Dragicevich “While it is rewarding to have the top two sales it is more important for the industry to have rebounded so prominently following the challenges visited upon it this year.” A beneficial mix of a stable legislative environment improved debt liquidity and availability of capital has underpinned demand driving freehold going concern gaming pub yields down to 7-7.5 per cent over the last 12 months HTL reports the Narwee Hotel continues the national average of one hotel sold each week this calendar year “Transaction volumes are operating nationally at around 70 per cent of those achieved during the same period last year however the cadence for activity has quickened demonstrably over the past eight weeks,” offers Jolliffe A product of The Information CollectiveACN All Rights Reserved © 2025 | Privacy Policy NSW Fair Trading has recently prosecuted a former real estate agent for misappropriation of trust funds in relation to a property development in Narwee Alan Temelkov was convicted of 7 offences under the Property Stock and Business Agents Act and sentenced to 18 months imprisonment He was also ordered to pay over $235,000 in reparation for his offences In September 2012, Mr Temelkov, director of Tyron Holdings Pty Ltd, trading as AMJ Properties, was contracted to manage the sale of a number of units in a Narwee development Tyron Holdings Pty Ltd received a number of house deposits which should have been deposited into a trust account and held on behalf of the sellers until completion of the sale Mr Temelkov admitted to his failure to deposit the funds in the trust account instead spending the money on business expenses and his personal gambling habit the sellers were left significantly out of pocket and were required to make application to the Property Services Compensation fund for restitution advises that trust account fraud is a serious offence and warns that Fair Trading will actively pursue any persons that fail to comply with their trust account obligations Real estate agents should be trusted to deposit payments received for sales into the correct account,” Mr Stowe said Mr Temelkov was sentenced on Thursday 8 September 2016 and has 28 days to appeal We're on a mission to radically improve the quality of Urban communities being developed across Australia We aim to showcase every development in Australia to help you find the perfect new home Linda Lloyd and Fred Lloyd at Narwee Pharmacy which has reopened after a fire Picture: Jane DysonSTAFF at Narwee Pharmacy have thanked their customers for their loyalty after an accident forced the pharmacy to relocate for almost five months An explosion in the shop next door last November caused extensive damage, meaning the pharmacy had to decamp to another chemist shop in the same suburb who grew up in Narwee and as an infant was weighed on the baby scales in the store said the new and improved store opening coincided with the store's 50th anniversary The pharmacy was opened by Fred Lloyd in 1964 Staff have been thrilled with the rejuvenated store "It was an opportunity to freshen up and brighten the store The store suffered extensive smoke damage after the explosion and all stock and computers had to be thrown away staff are celebrating the reopening by giving loyal customers flowers and chocolates "Most people are very happy that we're back.' "Lots of our customers are friends now and we are grateful that they've stuck with us through this difficult and frustrating time." Are you happy to see the pharmacy back in the same spot at Narwee lift and stairs at Oatley station have been completed and River Road underpass stairs have also reopened Picture: Chris LaneThe $23 million Oatley station upgrade has been completed as work starts on improvements at Narwee station Oatley MP Mark Coure said the Narwee upgrade was scheduled to be finished within 18 months and would include a week-long shutdown of the station in January Another job starts: Artist's impression of how Narwee station will look when construction is completed in about 18 months Picture: suppliedTrain travellers would be given plenty of warning on the shutdown dates Mr Coure said work at Oatley was complete, “apart from some finishing touches” “In September we opened the new footbridge stairs and two lifts which provide access to platforms one and two,” he said helping to make Oatley station fully accessible for less mobile customers “Work is complete on the western forecourt on Mulga Road and customers can also again enter the station through the stairs on the River Road underpass.” new accessible toilets and weather protection canopies had been added and the transport interchange upgraded “A new commuter car park with 100 spaces has also been delivered along with four new accessible parking spaces,” he said Under way: Site preparations have started for the Narwee station upgrade requiring temporary traffic and pedestrian changes Picture: Chris LaneThe Narwee station upgrade is less challenging than that at Oatley because of the landform The eastern end of the island platform will be extended to provide new stairs which will be protected from the weather by new canopies The platform building will be refurbished with a new family accessible toilet customer Information window and staff facilities to replace existing facilities in the ticket office There will be improvements to bicycle facilities including new shelters and additional bicycle racks kerb ramps and bus shelter on Hannans Road will be provided and lighting and CCTV surveillance upgraded Transport for NSW rejected criticism during community consultation that the 18 months construction period was too long such as the erection of the temporary pedestrian access bridge demolition of the ticket office and installation of the lift needed to be undertaken during scheduled closures of the tracks for maintenance “Around six rail possessions [shutdowns] over a period of around 18 months would be required to facilitate these and other construction activities,” it said Transport for NSW said an alternative plan was to reduce construction time to 12 months but that would require the station being closed for six weeks The Weekly SOURCE is published by DCM Media went into the business on Broad Arrow Road about 9pm and demanded money from a female employee also tried to get into an office area several times He then allegedly struggled with another male employee Detectives described the man as being of Caucasian appearance He was last seen wearing a black t-shirt and cream-coloured trousers Police ask anyone with information to call Crime Stoppers on 1800 333 000 A major police operation is underway after shots were fired at a group of men in a beachside suburb Police were called to The Boulevarde in Brighton-Le-Sands in Sydney's south at about 3.15pm on Tuesday Officers were told an Audi SUV turned into The Boulevarde where an unknown person in the vehicle shot in the direction of three men standing near a parked car The three men and the Audi left the scene before police arrived Police located three cars nearby with bullet holes A car matching the description of the Audi SUV was also found alight 11km away in Windarra Street Two crime scenes have been established in the area as an investigation was launched Dozens of police remain at both scenes and The Boulevarde remains closed between The Grand Parade and Trafalgar Street Police are investigating possible links to organised crime Susan told radio station 2GB that her husband was stuck in traffic on Grand Parade when he saw bullets being shot from a moving car before fleeing the scene 'Then the car sped off and was speeding throughout all the traffic,' she said One witness told Seven News they heard up to five shots being fired while another recalled several popping sounds, which they initially thought were fireworks. 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Police operation underway after multiple shots firedComments are subject to our House rules and TermsNewest{{#isModerationStatus}}{{moderationStatus}} No one seems to have shared their thoughts on this topic yetLeave a comment so your voice will be heard first. {{message}} 1992 3 Man cha charged with Leigh's murder By NEALE PRIOR and MARK RILEY A 32-year-old man was charged last night with the murder of missing teenager Leigh Bradley would appear in Parramatta Local Court this morning The decomposing body of 17-yearold Leigh was found by police yesterday morning in the bathroom fan unoccupied brick bungalow in Graham Road Preliminary investigations indicated she had been strangled and that she had been dead for several days A post-mortem examination was still in progress last night Leigh disappeared on December 21 after telling colleagues at the Athlete's Foot shoe store in Bankstown Square that she intended to spend a quiet evening at home with her mother telephone calls flooded into local police stations with reported sightings of her car regularly attended parties at the bungalow said she had seen Miss Bradley's green 1980 Holden Gemini sedan parked outside the house several times over the past two months "I had spoken to her once and she was a lovely girl but we just didn't think she was the missing girl," she said Police were alerted after a resident became suspicious about the car in the bungalow's yard with its number plates removed told the Herald she had been to numerous parties at the house with other girls They would listen to music and get free whisky One night about six months ago she said she had got so drunk on port that she had passed out said they were invited to regular parties at the house through a friend and would get free liquor said there were five or six girls at the parties The three teenagers said they had stopped going to the parties about six months ago and had not known Miss Bradley Neighbours also told the Herald there were regular parties at the house and one said they often happened a couple of times a week Police were yesterday trying to piece together the activities of Miss Bradley Constable Bradley told the Herald after his daughter's disappearance A said was the best-behaved new year in a long time Pictures by SAGE Rivals of Compass face TPC scrutiny Professor Fels Compass collapse was no surprise who "was not surprised" at Compass's collapse given recent airline competition and its profile as a discounter said the TPC had been examining the situation before yesterday's announcement But the inquiry had been broadened at the request of the Minister for Shipping and Aviation Senator Collins and the chief executive of Compass that they The should learn more about the airline's financial state before donating to a Save Compass fund Senator Collins's influence may be discerned in the TPC's decision to examine the "contribution made to the collapse of Compass by the financial leasing and competitive strategies adopted by the company Meanwhile continued examining the airline's finances and prospects yesterday at its Brisbane head office Mr Grey has rejected suggestions of any mismanagement at that she was a loving daughter devoted to her family and her favourite sport "Gymnastics was her life," he said "She was going to the gym almost every night of the week to build up a knee she hurt competing She was also going for her instructor's ticket she wanted to make the sport her life." He said his daughter had a large circle of friends and a few "But there was no-one special of late She normally only went out with them for a couple of weeks or so because she thought boyfriends interfered with her Constable Bradley and his wife Leigh had lived with her mother and sister Leigh left school at the beginning of 1991 and got a job as a shop assistant at a local store "She lost that job because the business suffered in the recession," Constable Bradley said being the sort of motivated person that she was she another job almost straight away." Pictures by PETER RAE A suspect is led away by police Revellers at The Rocks and By DARREN HORRIGAN and NICK PAPADOPOULOS Everyone was related at the stroke of midnight last night especially those who had braved the inclement weather to see the new year in at Darling Harbour brother!" was a common cry in the street A Sydney police spokesman said that by 12.30 am only about six had been charged with offences before midnight They included charges for offensive language and conduct Two people were taken te hospital after being stabbed in separate incidents in Manly early this morning A spokesman for Bondi police said there had been no major problems there a lot of people were drunk "but no-one was causing too much a police officer said Police were called to the Exchange Hotel at 12.10 after a report of people fighting Another brawl outside the Orient Hotel in The Rocks was also brought under control Sydney seemed to be on its best New Year's Eve behaviour If people were not singing they were dancing rescue squads and highway patrol officers supported general duties police to control modest crowds Even though police numbers at The Rocks Kings Cross and in the Darling Harbour last night on what police city had been doubled to 350 to help control crowds they're not here for a blue," said Michael Patterson He had who just added: met Alex "Things Byrne have of face don't need to cause grief on New Year's Eve as well." By TONY Partygoers at The Rocks said and KATHLEEN celebrations were much more sedate than last year BRISBANE: A "Where is everyone?" asked Commission (TPC) Natalie Morton the collapse of Compass "It's a bit flat gate whether "predatory Not for a bunch of hardy kilted by Ansett and Australian Scots dancing in the rain past the helped shoot it down Or The TPC said it the Kiwis scrummaging around their any breaches of Section Esky outside the Orient Hotel Trade Practices Act murdering Don McClean's Ameri- with the abuse of can Pie It will seek any Despite some minor scuffles predatory pricing police reported no major problems competitors abuse A Kings Cross police spokesman of computerised said people had not flocked to the systems area as they did in previous years airport terminal "The rain kept a lot of people has suggested most away," he said A recent ruling by South Sydney Although the TPC City Council to ban the consump- Professor Allan Fels tion of alcohol in the streets of the inquiry would Kings Cross also played a part it could lead to court Water police attended a boat fire commission if it found in Bay shortly after 7 pm if Lavender A water police spokesman said a lead to fines number of people on board the Trade Practices 35-foot cruiser had to be rescued however that breaches after the engine caught alight action to be "for the The Darling Harbour Authority hurting or eliminating prohibited people from taking alco- were difficult to hol into the area in a move aimed at Professor Fels said safeguarding families from violence also look at the plight seen in past years ticket holders pre "the consumer Hawkes are moving out CANBERRA: The Hawke family yesterday began its move from the Lodge Two workmen carried furniture and paintings out of the Lodge and loaded them into a large Department of Administrative Services van The former Prime Minister and Mrs Hawke will complete their move by Friday in time for the Keating family to take up residence at the weekend Mr and Mrs Hawke will move to an undisclosed address in Sydney The couple celebrated New Year's Eve at a small gathering of close friends and staff at the Lodge DEBORAH HOPE Rain fails to ease drought More than half the State will remain drought-declared this month despite the first widespread rainfall for six months during December The Minister for Agriculture and Rural Affairs said yesterday he had withdrawn the declaration in two small regions only around Narrabri and Lismore This leaves about 65 per cent of NSW still declared "The excellent rain is only a start to breaking the drought and follow rain is urgently required," he said But the Bureau of Meteorology believes predicted rain during the next few days may significantly reduce the areas under drought December gave Sydney nearly three times its average rainfall: 191 millimetres A spokeswoman said that yesterday was the first wet New Year's Eve in Sydney since 1984 The December rainfall figures have been even more dramatic in some regions Lightning Ridge had 140mm compared with its usual 40mm; Burren Junction Coffs Harbour (average of 117mm) had 383mm and Narromine (42mm average) in the Central West had 103mm Cattle and sheep prices have jumped in response to the rain a large part of Australia is still in the grip of El the climatic event that brings dry weather to Australia and rain to the Americas Darwin's rainfall for December is the lowest on record DEBORAH SMITH GRANT-TAYLOR HICKIE Trade Practices inquiry into Airlines will investipractices" Airlines would look for 46 of the which deals market power evidence of by Compass influence over of ownership reservation restrictions on access said yesterday be largely a theoretically action by the evidence of proved of Section 46 any predatory purpose" of a competitor prove he would of Compass in the light protection proviPractices will examine and its comhow these to its collapse being scrutiSecurities Australian which comthat Compass the share about its the collapse Compass or that the share market had not been kept informed He blamed "precipitate action" by the Civil Aviation Authority for the failure The NRMA had no plans to invest in Compass following a call by an NRMA councillor for the group to buy or invest in the failed airline a member of the Motorists' Action Group (MAG) on the NRMA council said yesterday: "The NRMA should buy Compass Airlines or at least become a majority shareholder in it." Compass was an ideal investment for the NRMA group which had more than $3.1 billion in assets and 2.2 million members in NSW and the ACT "It's got enough money to buy a battleship," he said "It's asset said a proposal would look at running the airline as a co-operative which would continue to offer cheap air fares and also special discounts to NRMA members and motoring organisation members in Australia But the acting chief executive officer of the NRMA said the NRMA group had not discussed any plans to invest in Compass Whether the NRMA should consider buying into a national airline was a matter for the council said yesterday that if a proposal were brought to the council "we'd certainly be prepared to look at it but it will need to be properly Mr Talbot said he had spoken to Mr Grey yesterday and that he had been "very Mr Grey confirmed he had talked to Mr Talbot "I do see it as a sensible proposal," he said The World's finest Ceramic Table Half 3 Day Clearance Price Hand Japan Satsuma Sale Painted Starts Tomorrow Kutani Genuine Japanese Satsuma Kutani Japan hand painted ceramics are highly prized by Hand collectors the world over Painted Distress Liquidation of our Hundreds Times Japanese are now also Suppliers tough in overstock Japan and our major Lamp Supplier has released his of Designs excess stock to us at specially reduced prices This is a wonderful opportunity to invest from $95 to $249 in your home with quality Stevenson pieces at half our normal price STOP PRESS In addition a Special Clearance of many other Brass Crystal and Ceramic Table Lamps also at half price: FINAL OFFER SE -Only at STEVENSON Open our City 18-20 York Street 2 Fri 'Thurs 9-57 9-5 7 Showroom Sat 9-5 Telephone: 233 8111 ST3263 sions of the Trade well the inquiry Compass's financing petitive strategies and may have contributed Compass is also nised by the Australian Commission and the Stock Exchange plained on Monday might not have kept market fully informed financial state before