Real Estate

SYDNEY RESTAURANT GROUP KICKS OFF PUB PLANS AT THE COAST HOTEL

Bill Drakopoulos’ Sydney Restaurant Group (SRG) has pulled the trigger on its plan for pubs, picking up the large-format Coast Hotel in Budgewoi. Well known as a restaurateur, Drakopoulos has paid $15 million for the Central Coast freehold, on a sprawling 5,100sqm mostly underdeveloped site overlooking the water, with an exclusive catchment area. Patriarch Bill

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ALH AND ENDEAVOUR BACK IN BUY MODE

Australia’s largest publican has completed its first Queensland transaction since its ASX listing with Endeavour, making a Commercial decision in another strategic region. Purchase of the Commercial Hotel Charters Towers is the first settled Sunshine State acquisition for Endeavour Group (ASX:EDV) since demerging from Woolworths last August. It follows the new entity’s first nationally acquired

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