Finance

BLUE SKY BUYS INDEPENDENT PUB GROUP

Posted on September 21st, 2015 by Clyde Mooney
Greg Maitland’s Independent Pub Group is independent no more, with Blue Sky Private Equity purchasing a majority stake amid a re-brand to become GM Hotels. [caption id="attachment_3768" align="alignright" width="334"] GM Hotels' Tower Hotel[/caption] Formed in 2007, Independent Pub Group (IPG)

CHARTER HALL + ALH PONDER REDCAPE

Posted on September 2nd, 2015 by Clyde Mooney
Smart money continues to stalk Australian pubs, with rumours Charter Hall and ALH are contemplating a snap buy of Redcape before it goes to the open market. Business Spectator reported that Charter Hall Group may team up with the country’s

MORE PROFITS PENDING FOR ALH’S LANDLORD

Posted on August 10th, 2015 by Clyde Mooney
The original ALH listed landlord tips a “positive” future amid higher profit distribution and continued “operating profitability” across much of its pub portfolio. ALE Property Group last week released its Annual Review, Annual Report and Property Compendium 2015, detailing finances

REDCAPE IPO TO OFFER UPSIDE

Posted on July 3rd, 2015 by Clyde Mooney
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus

CHARTER HALL AND HOSTPLUS TO BUY $200m MORE PUBS

Posted on June 3rd, 2015 by Clyde Mooney
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus

UPG SEEKS CAPITAL FOR EXPANSION PLANS

Posted on May 11th, 2015 by Clyde Mooney
The Urban Purveyor Group is planning “aggressive” growth likely to see initiatives such as the franchising of its popular Bavarian Bier Cafes. Late 2014 UPG appointed veteran Tom Pash as CEO, with founder John Szangolies assuming the role of executive