{"id":35271,"date":"2021-10-22T13:19:30","date_gmt":"2021-10-22T00:19:30","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=35271"},"modified":"2021-10-22T13:19:30","modified_gmt":"2021-10-22T00:19:30","slug":"music-legend-sells-her-luxury-byron-spa-for-30m","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/music-legend-sells-her-luxury-byron-spa-for-30m\/","title":{"rendered":"Music legend sells her luxury Byron spa for $30m"},"content":{"rendered":"

PHOTO: Olivia Newton-John. FILE<\/strong><\/p>\n

Andrew Forrest\u2019s family investment firm, Tattarang, has snapped up a luxury wellness retreat outside Byron Bay from Olivia Newton-John<\/a> and her co-owners for an estimated $30 million.<\/p>\n

\"Olivia<\/a><\/div>\n
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CELEBRITY: Cancer-stricken Olivia Newton-John, 70, enlists a childhood friend to sell her rustic 136-acre estate near Byron Bay for $5.5 million<\/a><\/h2>\n<\/header>\n<\/div>\n

Tattarang\u2019s first move into the accommodation space involves a retreat consisting of 22 rooms, a day spa, fitness centre and restaurant set on more than eight hectares with walking trails in the hinterland and views of the Byron and Ballina coastline.<\/p>\n

The group\u2019s property division, Fiveight, acquired the retreat, with its lifestyle division, Z1Z, to deliver all hotel and associated services.<\/p>\n

The price was not disclosed but is understood to be about $30 million.<\/p>\n

Gaia was started in 2005 by co-owners Newton-John, Gregg Cave, Ruth Kalnin and Warwick Evans, and has since won numerous awards including \u201cGlobal Winner \u2013 Luxury Wellness Healing Retreat\u201d and \u201cContinent Winner \u2013 Luxury Spa Retreat\u201d at the World Luxury Spa Awards 2021.<\/p>\n

Newton-John said she was thrilled to see how the innovative group would preserve the legacy of the property.<\/p>\n

\u201cAfter 16 years, we are excited to pass the baton to new visionaries to nurture and grow this majestic hinterland oasis \u2013 a place which has been so deeply embraced as a \u2018home away from home\u2019 for so many on their wellness and healing journey,\u201d she said.<\/p>\n

Tattarang director Nicola Forrest said the group was investing in and developing unique and meaningful places that had the capacity to enhance the health and wellbeing of communities.<\/p>\n

\"Olivia<\/p>\n

\"Gaia<\/p>\n

\u201cTattarang\u2019s business approach is holistic,\u201d Ms Forrest said. \u201cIt\u2019s not just about investing in quality businesses, but ensuring sustainability and community benefit.\u201d<\/p>\n

The Byron shire has been home to those looking for a low-key lifestyle, having became popular with backpackers over the past 20 years. Today, the coastal town with Cape Byron\u2019s famous lighthouse is synonymous with the rich and famous. Chris Hemsworth, Zac Efron and Matt Damon own property, and Netflix has made a reality series about Byron\u2019s social media influencers.<\/p>\n

House prices in Byron surged nearly 40 per cent in 2020 and now rival Sydney.<\/p>\n

Sources close to both companies said Gaia was a highly profitable business over a long period and is fully booked for the coming season.<\/p>\n

READ MORE VIA COMMERCIAL REAL ESTATE<\/a><\/p>\n

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