22/10/2021 - 12:49

Forrests buy Olivia Newton-John's Gaia Retreat

22/10/2021 - 12:49

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The Australian singer-songwriter’s Byron Bay “piece of paradise” will join the likes of RM Williams and Cooee in the Forrest's lifestyle investment portfolios.

Forrests buy Olivia Newton-John's Gaia Retreat
Gaia is located 20 kilometres southwest of Byron Bay on the New South Wales. Photo: Gaia Retreat

The Australian singer-songwriter’s Byron Bay “piece of paradise” will join the likes of RM Williams and Cooee in the Forrest's lifestyle investment portfolios. 

Tattarang reportedly paid $30 million for the eight hectare, 22-roomed luxury Gaia Retreat & Spa as an addition to its growing Fiveight property and Z1Z divisions.

The buy ties in with a broader bid from Andrew Forrest to ensure homegrown brands remain in “Australian hands.”

The hotel will be part of Tattarang's Z1Z portfolio, which includes R.M.Williams, Cooee restaurant and the Western Force rugby team.

Gaia, which was co-founded in 2005 by Gregg Cave, Ruth Kalnin, Olivia Newton-John and Warwick Evans, has gone on to find international acclaim including being dubbed ‘Global Hotel of the Year’ by the World Luxury Hotel Awards in 2018.

Tattarang says the hotel is Australia’s first and only property to join such an “elite and illustrious list.”

The Gaia property includes a restaurant, retail boutique, reception, naturopathic consulting room, day spa, saltwater swimming pool, yoga studio, fitness centre, tennis court, walking tracks and outdoor fire pit.

Tattarang director Nicola Forrest said Gaia had become an iconic Australian brand.

“As custodians of truly unique Australian experiences, we understand and deeply respect the founding vision of Gaia,” Mrs Forrest said in a statement.

Tattarang’s business approach is holistic – it’s not just about investing in quality businesses, but ensuring sustainability and community benefit.”

Olivia Newton-John said she was thrilled to see how the group would preserve the Gaia’s legacy and described the property as a "precious piece of paradise" in a video message. 

“After 16 years, we are excited to pass the baton to new visionaries to nurture and grow this majestic hinterland oasis – a place which has been so deeply embraced as a ‘home away from home’ for so many on their wellness and healing journey,” Ms Newton-John said.

“We wish them as many heartfelt moments as we have shared with our wonderful loyal staff and guests over the years.”

Once settled, Gaia will sit alongside Cottesloe’s Indiana Tea House in the Fiveight portfolio.

The restaurant has yet to land on a formal redevelopment plan despite much public consultation, including an inconclusive architecture competition last year.

In the interim, the venue is set to become a Latin American inspired pop-up restaurant tipped to open at the end of 2021.

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