Real Estate

REIDS TO BOW OUT OF WATERTOP WONDER THE BREAKWATER

Posted on May 9th, 2018 by Clyde Mooney
The picturesque and award-winning The Breakwater is for sale, as the long-serving Reid family decide it may be time to do something different. The Breakwater is a Perth institution, located literally atop the idyllic Hillarys Boat Harbour, which sees a

COLLINGWOOD SWEETHEART GRACE DARLING HOTEL UP FOR GRABS

Posted on May 7th, 2018 by Clyde Mooney
The team behind Collingwood’s beloved Grace Darling Hotel are hanging up the bar mats, listing the business into the tight Victorian market. Enjoying a prominent corner in the middle of Smith Street, central to Melbourne’s most diverse and in-demand precinct,

DON HODGE PICKS UP WARNERS AT THE BAY

Posted on May 4th, 2018 by Clyde Mooney
The growing Don Hodge Group has snapped up the large-format Warners at the Bay, bringing another hotel opportunity to its enterprising portfolio. Warners at the Bay was established in 1999 on a sprawling 10,790sqm block in the Central Coast community

OSCARS WIN TRIPLE 8 FROM GALLAGHERS

Posted on May 4th, 2018 by Clyde Mooney
Gallagher Hotels has offloaded the gaming-focused Triple 8 Hotel in Chinatown to the ever-active Oscars Hotels. Patrick Gallagher bought the operation with a seven-year lease in 2015 from Iris Group for circa $7.25 million, representing the two businesses’ fifth asset

PERTH CORNERSTONE ALE HOUSE FOR SALE ANY WAY

Posted on May 4th, 2018 by Clyde Mooney
The Gastevski Group is offering a unique sales opportunity around its big Cornerstone Ale House in Perth’s growing northern suburbs. The CornerStone opened in 2011 and occupies a 3,144sqm block within the Brighton Estate, proximate to Estate residents as well

GARRY OWEN MOVES TO MEN’S GALLERY

Posted on April 30th, 2018 by Jane Louise
The team behind the Men’s Gallery venues has bought Rozelle’s Garry Owen with plans to capitalise on the potential of the 1920 community pub. The Garry Owen occupies a sizeable 358sqm site on a prominent corner of Darling Street, just

GALLAGHER TAKES SOLOTEL’S CHELSEA CHATSWOOD

Posted on April 27th, 2018 by Jane Louise
Gallagher Hotel Group has welcomed another Sydney north shore pub into the fold, picking up title to Chatswood’s Chelsea Hotel from Solotel for circa $20 million. The Chelsea is a modest local pub on the western side of Chatswood station,

BALMAIN INSTITUTION DICK’S HITS THE MARKET

Posted on April 23rd, 2018 by Clyde Mooney
Elia Economou has been tempted to sale of his beloved Dick’s Hotel, Balmain, as the pub thrives in an evolving precinct. Closely following the news that the landmark Town Hall Hotel is back on the market as a reinvented retail

IRIS PULLS KINGS CROSS DA OVER BACKLASH

Posted on April 23rd, 2018 by Jane Louise
Iris Capital has entered the next stage of its controversial Kings Cross development, by withdrawing the DA widely condemned by local interest groups and enlisting input. In January Sam Arnaout’s development company Piccadilly Freehold submitted plans for a $47 million

BALD FACED HOTEL SALE: LEVY SELLS AND STAYS

Posted on April 20th, 2018 by Clyde Mooney
Marcus Levy’s Marvan Hotels has executed a reversal of fortune, with the sale and leaseback of its Leichhardt pub the Bald Faced Stag. Marvan bought the pub a few years’ ago for circa $4.5 million, with a few potential outcomes