Real Estate

BAM OFFLOADS BIG GAMER VAUXHALL INN TO REDCAPE

Posted on July 9th, 2018 by Clyde Mooney
Redcape has let loose the chequebook again, acquiring Bondi Asset Management’s Vauxhall Inn for around $40 million. Bondi Asset Management (BAM) was formed in 2015, counting Sydney hotelier Andrew Lazarus and former Citibank director Stuart King as stakeholders. BAM kicked

SWEET PROSPECTS FOR KALAMIA HOTEL SALE

Posted on July 9th, 2018 by Clyde Mooney
The booming Kalamia Hotel has come to market, in the hearts of 1,000 local backpackers working year-round in the precinct. Ayr is around 90 kilometres south of Townsville, and known as the sugarcane capital of Australia. The Kalamia Hotel occupies

FOUR IN HAND TO STAY PUB WITH SALE TO GOOD BEER CO

Posted on July 4th, 2018 by Clyde Mooney
PHMG has sold its highly speculated Four in Hand to the Good Beer Company, marking its continued future as a pub. Mitchell Waugh’s Public House Group purchased the Paddington icon in 2015, clinching a hattrick of pubs in the precinct

HAYWARD EXITS AS PRENDIVILLES TAKE BRISBANE

Posted on July 4th, 2018 by Clyde Mooney
Well-known publican Geoff Hayward is bowing out of the game, having sold his final piece, the Brisbane Hotel, to the growing Prendiville family. Hayward’s Capital Management WA has owned and operated the Boulevard Hotel in Floreat, and the Brisbane Hotel,

TOWER PROJECT OR ROXY RETURNS: KINGSTON

Posted on July 2nd, 2018 by Clyde Mooney
David Kingston’s proposed $96 million development above the Roxy Parramatta has hit a hurdle, with news the heritage council opposes the mix of a 30-storey tower above a Spanish mission-style landmark. The Roxy was built in 1930, on George Street

AUS VENUE CO DIVESTING DRINK N’ DINE PUBS

Posted on June 29th, 2018 by Clyde Mooney
Australian Venue Company has listed two of the former Drink n’ Dine venues, as it fine-tunes its portfolio amid big expansion plans. In early 2016 AVC, at the time trading as Dixon Group, purchased the three Drink n’ Dine venues

MELBOURNE FIGHTING TO SAVE METROPOLITAN

Posted on June 29th, 2018 by Clyde Mooney
Melbourne City Council is fighting back against what it sees as the ongoing loss of the city’s historic pubs, pleading for heritage protection on the under-threat Metropolitan Hotel. Built 1854, the modest two-storey Victorian building on the corner of William

UNIVERSAL TAKES OXFORD ST ICON MIDNIGHT SHIFT

Posted on June 27th, 2018 by Clyde Mooney
Universal Hotels has clinched another Oxford Street icon – it’s biggest to date – settling on the once-thriving now dormant Midnight Shift. The acquisitive pub group now holds title on four Oxford Street pubs, in a clear play to invest

NATIVE ROSE OFF TO AUCTION

Posted on June 27th, 2018 by Clyde Mooney
The freehold interest of Rozelle’s Native Rose – formerly the Ruby L’otel – is for sale, with a craft beer tenant on a long lease. Investor Michael Huang bought the property in 2015, and largely operated it himself, until executing