The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to Australia’s largest publican, the 75 per cent Woolworths-owned ALH. Already owning 25.84 per cent of […]
Another prized Sydney freehold has come up for sale, in direct response to market demand. In the heart of the trendy, inner-west suburb of Stanmore, the Salisbury Hotel has targeted “family-friendly”, with strong food and bev trade, gaming and TAB, and a dedicated children’s play area. It is being put to market by Brian Burgess
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside in an area boasting extensive residential growth. St Marys holds a number of strong gaming
The next stage of the massive redevelopment of the old Carlton Brewery site is underway, with the vacant freehold sale of The Australian ‘Abercrombie’ Hotel coming to market. On the corner of Broadway and Abercrombie Street, the heritage hotel has been dormant for a couple of years, but will be revived as part of the
CENTRAL’S AUSTRALIAN HOTEL FOR SALE AMID MASSIVE DEVELOPMENT Read More »
The battle for one of the benchmarks of pubs has been fought, with the Hurley Group taking the gong for South Australia’s best burger. Before an expert panel of judges including several professional food critics, eleven finalists competed for the SA Pub Burger Challenge at the SA Hospitality Show. Burgers were judged on taste, presentation,
Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of one of the original gastro pub concepts, Damien Pignolet’s Bistro Moncur – has sold for
WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON Read More »
The merger & acquisition juggernaut rolls on, with SABMiller’s board accepting AB InBev’s juicy cash offer upon condition of a multi-billion-dollar failure fee. The second-largest brewer in the world (by revenue) is the product of British-based South African Breweries, established in 1895, and American giant Miller Brewing, which SAB acquired in 2002. The last few
AB INBEV SET TO SWALLOW WORLD’S SECOND-LARGEST BREWER Read More »
St Kilda’s Fitzroy Street will get a series of live CCTV cameras as part of the Victorian Government’s plan to improve security in crime hot-spots. Ten cameras will be installed along the entertainment strip, streaming directly back to St Kilda police. They will allow police to monitor the entire stretch and address problems that have
VICTORIA LOOKS TO STREET CCTV TO ADDRESS PARTY PRECINCT CRIME Read More »
The world’s biggest Belgian beer brand is reinforcing its pedigree and premium image with a new global design and nod to its 600-year heritage. Launched in 1926, Stella Artois was named after the Christmas Star and has always associated itself with the Den Hoorn brewery, in Leuven, Belgium, featuring the brewery’s ‘horn’ symbol and its
Sydney’s famous gastro pub the Four In Hand is up for sale, as the owners are tempted by the booming market. The freehold going concern of the Paddington landmark is on the market for the first time in over a quarter century, with private owners including industry veteran Joe Saleh looking to other opportunities. Achieving
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