Welcome to a new era of Commercial Property investment, where tradition meets cutting-edge opportunity. At Initium Capital, we are proud to present our Initium Commercial Property Fund (ICPF), underpinned by a rich legacy and a commitment to excellence.
Join us in shaping the growth of commercial property investments.
Initium Capital proudly boasts Max Hayson as one of its founding partners, bringing extensive experience in Commercial and Residential Development & Property Management.
Delving into the Roots of the Legacy:
The Hayson family’s legacy includes iconic projects such as the $2 billion Harbourside Shopping Centre, opened by Queen Elizabeth in 1988, and the award-winning $300 million Sky garden project on Pitt Street Mall, crowned ‘The Best Development in the World.’
Max Hayson, Grandchild of Tom Hayson and Son of Ian Hayson, continues the family’s pioneering spirit as one of the country’s first major property entrepreneurs.
At Initium Capital, we are committed to shaping the future of Sydney’s key districts’ growth, with the Hayson Group at the forefront, propelling the industry forward with vision, skill, and a legacy of excellence.
In 1985, The Hayson Group extended its activities into large-scale retail development. The New South Wales Government appointed the group as the first private developer in Sydney’s huge $2 billion Darling Harbour project. The contract was won by tender and a 15,000 m² retail project, Harbourside, was constructed.
The group, through Merlin Australia, completed the Skygarden retail and office project in the Sydney CBD in 1990 for which it was awarded “The Best Development in the World” from the United States International Council of Shopping Centres. This accolade was received over other entries from such countries as England, France and the USA. In 1991 the group completed the Manly Wharf retail re-development at Manly.
As the property market improved, group activity was stepped up during 1996 with new joint venture projects. Some 160 new inner-city apartments were constructed and sites for another 1,000 units were bought and sold.
The group continued to pursue retail re-development with the purchase in 1997 of the Kogarah Town Shopping Centre (a major sub-regional shopping center), the Metropole Shopping Centre at Cremorne in 1998 and the Southpoint Shopping Centre, Hillsdale in 1999.
During 2000 and 2001 the Hayson group purchased several existing buildings, the Top of the Town Hotel in Darlinghurst, a 16-storey office building in Francis St, East Sydney and The Crescent Hotel in Bayswater Rd, Kings Cross. Over the next few years, they developed the Top of the Town Hotel into luxury apartments and an outstanding penthouse and the Francis Street building into the progressive urban apartment project Lumina with joint venture partners. Both projects sold out with unprecedented speed and attained record prices per m² for the area. Hayson also renovated and strata titled the Crescent Hotel, selling 24 studios and 46 one-bedroom apartments, and all the car spaces to investors. It’s most recent endeavor has been the re-development of 36,000 m² in two heritage-listed wool stores in Pyrmont to create M Central, Australia’s first loft metropolis consisting 164 apartments and 341 car spaces.
Top Of The Town has a long history in the local community. Originally built in 1966, around the same time as the famous Bourbon and Steak Hotel, it was originally known as the Top of the Cross Motel and employed many local residents.
In The late seventies, the building underwent major renovations and became the Top Of The Town Motel. In March 1980, under the direction of chef Chris Callas, a top-notch restaurant called Four Stars (the most expensive entree is $8.50!) opened on the 14th floor. The accompanying international bar is an urban hot spot for local residents and visiting celebrities.
Initium Capital – Commercial Property Fund