Eumundi Group (EBG), under the name Eumundi Brewing Group, listed on ASX in mid 1990 with a core business of brewing and marketing a premium boutique line of beers, and operation of the Imperial Hotel Eumundi.
Following a difficult start, the brewing operations were sold in 1992, and the brewing plant was sold soon after in 1994.
Ashmore Tavern was acquired in August 1996 for M$3.6.
Eumundi diversified into retail investment property in March 2004, with the acquisition of the Aspley Shopping Centre for M$17.4, and Sunnybank Hills Shopping Centre $M12.4 each anchored by a Tavern with gaming operations and long term leases were established with an experienced hotel operator.
In 2005, the underperforming Imperial Hotel was sold at a profit of M$0.8 (before costs and tax) and the Sunnybank Hills shopping centre was sold realising a profit of M$2.9 (before costs and tax).
Using proceeds from the sale of Sunnybank Hills, in November 2006 Eumundi acquired the IGA anchored Banksia Beach Shopping Village, and adjoining vacant land to facilitate future expansion, for M$7.9.
In July 2007, Eumundi strategically acquired the Aspley Arcade Shopping Villages, adjoining the Aspley Shopping Centre, for M$13 resulting in a combined site area of 15,158 m2 of prime redevelopment land with GLA of 4,579 m2 including the Tavern premises.
In April 2010, redevelopment of the Bribie Harbour Shopping Village was complete resulting in increased area of the IGA anchor from 1,786m2 to 2,766m2, while specialty retail increased from 1,029m2 to 1,748m2. Following their acquisition of the IGA business in September 2013, Woolworths now anchor the Bribie Harbour Shopping Centre. The Bribe Harbour Shopping Village was sold in February 2015.
Today the Group operates within the hotel sector – Ashmore Tavern on the Gold Coast and interim operation of Aspley Central Tavern (previously Publovers Tavern) – and retail investment property sector – Aspley Shopping Centre and Aspley Arcade Shopping Villages on Gympie Rd Aspley.
Mr Ganim , who joined the board as a non-executive director in 1989, founded HopgoodGanim, a leading commercial law firm of over 300 personnel with offices in Brisbane, Perth and a representative office in Shanghai. Mr Ganim headed the commercial dispute resolution and litigation practice until his retirement from partnership in 2009, and continues to work with the firm as a consultant.
With over 40 years experience in the corporate and litigation areas conducting complex corporate and commercial matters involving international and national corporations, he has acted in the Supreme Court of Queensland, the Federal Court of Australia and the High Court of Australia, as well as appearing before various Tribunals and Inquiries. Mr Ganim is also a Supreme Court Approved Mediator, a Notary Public, and a Commissioner for Affadavits. Mr Ganim served for a number of years as a member of the Litigation Reform Commission, Court Administration and Resource Division, chaired by a Supreme Court judge which reviewed all facets of court and litigation practice.
He has extensive public company board experience and, in addition to his role as chairman of Eumundi Group, is currently also a director of ASX listed Site Group International Limited. Mr Ganim also advises and sits on the boards of 7 private companies, including as a board representative executor of deceased estates involved in substantial business enterprises.
Mr De Luca joined the board as a non-executive director in 1989. He is the principal of the De Luca group of companies and has a wide range of business experience in the property and construction fields overseeing the acquisition of investment and development properties by that group.
Mr Wills, who joined the board as independent director in 2004, has an extensive background in areas of investment and finance in a broad range of industries including property, mining, IT and education. He is currently chief executive officer and managing director of Site Group International Limited, chairman of Ubidy.com and chairman of Microba Pty Ltd. Mr Wills was previously chairman of Dark Blue Sea Limited, deputy chair of Queensland government’s Major Sports Facilities Authority, director of CITEC, Go-Talk Pty Ltd and Greg Norman Golf Foundation and served on the National Competition Policy – Queensland Liquor Review.
Ms Stanley was appointed company secretary in February 2004. Ms Stanley is the Principal of SYA Corporate Services Pty ltd, through which Ms Stanley provides company secretarial services to a number of ASX listed and private companies.
Ms Jacobi-Lee joined the Group as Chief Financial Officer in January 2006, and was appointed Chief Executive Officer in June 2013. Ms Jacobi-Lee has over 25 years of management experience in senior accounting roles across many industries and sectors including roles in not-for-profit and government organisations, large private companies as well as ASX listed companies.