Wednesday, 16 December 2009

Why sell-up now ??

I see that big fish in a small pond, Cary Ramm, has the C-Bar and Riverway Cafe up for sale.  Presumably he's keeping The Brewery because the margins are more attractive??

The really interesting question though is why is he cashing-up now (surely this is not the best of times) - to pay down some debt, to prop-up his AEC Group or is it in preparation for developoments at Rocky Springs?  After all Richard Ferry's mob is handling the sales.

1 comment:

Sup dawg said...

Word on street is he is doing a Malcolm Turnbull!!! He made a heap of money on some property deals and is heading back into politics at federal level in the Senate!!!!