Real Estate

NORMANBY ON RED HILL CHARGES TO MARKET

Posted on March 5th, 2018 by Clyde Mooney
Brisbane institution the Normanby Hotel has hit the market, boasting a big block development opportunity and more upsides than Maroons supporters in Sydney. Michael Dempsey and Otto Wilhelm have co-owned the heritage-listed Normanby on Red Hill adjacent to Suncorp Stadium

AVC CONTINUES GROWTH VIA O’BRIENS AND PRINCE ALFRED HOTEL

Posted on March 5th, 2018 by Clyde Mooney
[caption id="attachment_12584" align="alignright" width="178"] Prince Alfred Hotel[/caption] The acquisitive Australian Venue Company is extending its working relationship with the O’Brien family, taking on the lease at the Prince Alfred Hotel in Richmond’s bustling Church Street. Australian Venue Company (AVC) –

JDA SEEK BIDDERS FOR PADSTOW PARK

Posted on February 28th, 2018 by Clyde Mooney
John Feros’ JDA Hotels has listed Top200 pub the Padstow Park Hotel, with new extended trading and price expectations in the high $20 millions. After executing sale-and-leaseback of the Group’s Allawah Hotel last September, and record-breaking auction of the development-ready

GRAND VIEW LOOKS TO ‘ENERGETIC’ NEW OWNER

Posted on February 23rd, 2018 by Clyde Mooney
The Grand View Hotel overlooking the Blue Mountains is looking for a loving new owner, as its long-standing patriarch throws in the towel in pursuit of retirement. Vendor Ben Tufrey has owned and operated the Grand View for 16 years,

THOMPSON SETS RED LION ON MARKET

Posted on February 23rd, 2018 by Clyde Mooney
The Thompson family has listed its newly refurbished Moorooka pub, the Red Lion, in Brisbane’s booming south. The Red Lion occupies a prominent corner block on bustling Beaudesert Road, around nine kilometres from the Brisbane CBD. Simon Thompson and partners

SALE & LEASEBACK FOR COOKE-BEAUMONT AT BLAZING STUMP

Posted on February 23rd, 2018 by Clyde Mooney
Peter Cooke and Stephen Beaumont have successfully divested title of their big-format Blazing Stump in another example of the demand for strong commercial assets in Victoria. Occupying 1,780sqm on a 5,708sqm site in the heart of Wodonga, on the Victoria-NSW

REDCAPE’S $25m RETURN FLIGHT TO WATTLE GROVE

Posted on February 21st, 2018 by Clyde Mooney
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western

COUGHLAN OFFERS UP HIS LADY AS HE EYES FRANK STRONGS

Posted on February 19th, 2018 by Clyde Mooney
Just over a year since he revived the Hampshire and made it a Lady, Paddy Coughlan has listed the inner-west local to chase opportunities in the craft market. Former Riversdale CEO Coughlan took on the lease of Camperdown’s Hampshire Hotel

LAWLER BUYS FIRST PUB, HARVEY-PILON HEAD TO AMAROO

Posted on February 16th, 2018 by Clyde Mooney
Public House Management Group CEO Ben Lawler has taken the plunge with his first title in Dubbo’s Commercial Hotel, as vendors Brett Harvey and Greg Pilon pick up a local freehold. Around five hours’ drive north-west of Sydney, Dubbo is

2017 RESULTS PROPHETIC FOR A-GRADE A-REIT ALE

Posted on February 16th, 2018 by Clyde Mooney
The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions