Real Estate

REDCAPE ASX-BOUND AFTER FUND RAISING

Posted on November 2nd, 2018 by Clyde Mooney
The long-awaited IPO of Redcape Hotel Group seems destined to hit the trading floor 30 November, after success securing pre-launch commitments “well in excess” of the minimum funding required. ASX-listed investment bank Moelis Australia announced a fundraising roadshow in October

THE PUB FORMERLY KNOWN AS ETTAMOGAH IS BACK

Posted on October 31st, 2018 by Clyde Mooney
Following years of legal tussles, the Sunshine Coast’s legendary ‘Ettamogah’ pub has been transformed with a new image and essential new look, leading to its pending wholesale mandated relaunch. The famous Ettamogah pubs were inspired by the madcap antics in

NEW PARTNERS FIND WIRTH IN THE DUKE

Posted on October 26th, 2018 by Clyde Mooney
James Wirth and crew are making a defiant return to Sydney’s inner west, securing a tired Duke in Enmore with plans for a major repositioning. The Duke is a classic local, recently offering a contracted pub-style menu and selection of

COLES & AVC LODGE JV FOR SPIRIT FLEET

Posted on October 26th, 2018 by Clyde Mooney
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year

NEWCASTLE’S SHAFT TAVERN SEEKS NEW PROSPECT

Posted on October 24th, 2018 by Clyde Mooney
Industry veterans Reg Mawhinney and Geoff Byrne have listed their big mining town pub, the Shaft Tavern, with plenty of blue sky in thriving Newcastle. The large-format Shaft occupies a generous 6,720sqm block, adjacent to the IGA-anchored Elermore Vale Shopping

LAUNDY TAKES UP THE OAKS

Posted on October 19th, 2018 by Clyde Mooney
Laundy Hotels has secured the freehold going concern of The Oaks The Oaks, promising to bring some “TLC” to the neglected local pub. The former Tathra Hotel has resided on a generous 1-Ha block in the suburb of The Oaks,

INTERNATIONAL OPPORTUNITY HITS BRISBANE MARKET

Posted on October 19th, 2018 by Clyde Mooney
The freehold going concern of the International Hotel in Brisbane has come to market, boding a future development project on the city’s outskirts. The modest structure on the corner of Boundary and Torrington Streets in Spring Hill occupies a 1,745sqm

REDCAPE SECURE BIG SOUTH COAST TRIO

Posted on October 17th, 2018 by Clyde Mooney
Redcape is three steps closer to its mooted IPO with the big-ticket acquisition of Joel Fisher and Andrew Denmeade’s trio of pubs south of Sydney. Denfish Hotels is a long-term partnership of Denmeade and Fisher that has bought, built and

HISTORIC HOTEL MITCHELL SET TO CLOSE

Posted on October 17th, 2018 by Clyde Mooney
The century-old Hotel Mitchell west of Brisbane has issued a ‘hail Mary’ for a new owner, with trustees looking for a bare-bones offer on the historic two-storey pub. Mitchell is a town of 800 souls an hour west of Roma,

TWO BIG QUEENSLANDERS HEAD TO MARKET

Posted on October 15th, 2018 by Clyde Mooney
Private investors have offered up a portfolio of two big-trading Queensland pubs likely to be some of the last offered in the northern state for 2018. The Commercial Hotel in Redbank and Oonoonba Hotel Townsville are run under management by