PERTH businessmen Michael Hodgson is investing in significant property developments that include building a new tavern and bottle shop, the acquisition and refurbishment of the Riverton Gardens Hotel and a possible retail development.
Mr Hodgson has owned the Nookenburra Hotel in Innaloo for several years and is currently involved in significant renovations to the Riverton Gardens Hotel, which he recently acquired.
WA Business News has learnt that Mr Hodgson, whose involvement in property development goes back at least to the early 1990s, also has significant plans for two sites in Innaloo to the north of his Nookenburra Hotel site, one of which has council approval for a tavern and bottle shop development.
One of the properties is located on the corner of Ewen Street and Scarborough Beach Road and currently houses a vacant Strathfield store and several empty shops. The other site is a 6,841 square meter property adjacent to the Strathfield shop and also contains a derelict retail area.
It is understood that Mr Hodgson, who was unavailable for comment, intends to build a Bucks Off bottle shop on the Strathfield site, which he purchased from Martino Holdings earlier this year, and will build a new Nookenburra Hotel on the 6,841 sq m property – about 500m from the existing hotel site.
Deltaview Pty Ltd, of which Mr Hodgson is a director, purchased that property from the City of Stirling for $2.5 million this year.
WA Business News understands that Mr Hodgson intends to redevelop the land that his Nookenburra Hotel is situated on, which is opposite the Westfield Innaloo Shopping Centre, into a retail precinct. The Nookenburra site currently houses a tavern, drive-through bottle shop, liquor store and large parking area.
WA Business News understands he is looking at the development of retail and hospitality areas for the site as well as linking the site to the shopping precinct on the opposite side of Scarborough Beach Road.
There has been industry speculation that Woolworths is involved in the retail development, however, a Woolworths spokeswoman denied involvement.
Woolworths’ closest supermarkets are located in Mount Hawthorn and Karrinyup.
Mr Hodgson has a past in property development. He was a director of property development company JIMWA Pty Ltd that went into receivership in the early 1990s with debts of about $31 million, reportedly caught at the wrong end of the property boom.
At the time, JIMWA was understood to be developing a $50 million office and retail complex in West Perth, a $15 million Bayview retail centre in Claremont and had property assets worth $100 million.
Some of JIMWA’s land, namely housing estate Amarillo, was sold to WA’s then Labor government.
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