Real Estate

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

MONTAGUE SOLD AS RETREAT BECKONS

Posted on February 16th, 2018 by Clyde Mooney
With one on the market, the Fermanis family has taken an unsolicited offer on title to its Montague Hotel on a tight Victorian return. Recently listing its Abbottsford pub, the Fermanis’ were approached off-market to sell their quaint corner pub

COLES TO EXIT NSW PUBS WITH NORTHLAKES LISTING

Posted on February 9th, 2018 by Clyde Mooney
Wesfarmers’ Coles is looking to exit the NSW pub game, listing the Central Coast’s Northlakes Tavern as it focuses on off-premise-heavy Queensland. Coles and Woolworths have been feeling the squeeze in the retail world in the wake of Aldi’s influence,

WARMING LISTING HOT ADELAIDE PUB PROPERTY

Posted on February 9th, 2018 by Clyde Mooney
The freehold of Adelaide’s stunning Sarries and offices have come to market, as the city welcomes widespread development. The landmark corner Saracens Head hotel, known as Sarries, has stood on Carrington Street since 1873, the elegant two-storey stone pub and

INVESTORS LIST OPPORTUNE OPHIR TAVERN

Posted on February 7th, 2018 by Clyde Mooney
The affluent Ophir Tavern in Orange is on offer, boasting a massive block and development opportunity at an undercooked pub in a rising regional town. The Ophir, taking its name from a Biblical port famous for its wealth, is one

MYSTERIOUS MONARCH SELLS BIG BANKSIA TO RYANS

Posted on February 5th, 2018 by Clyde Mooney
Emerging pub group Monarch has divested its big footprint high-gaming Banksia Hotel in Rockdale to industry stalwarts Patrick Ryan and family. The Banksia was purchased by Monarch Hotels – a joint venture between hotel business veteran Joel Fisher and New

BELLEVUE HOTEL OPPORTUNITY IN FAR NORTH SOUTH

Posted on February 2nd, 2018 by Clyde Mooney
After a dozen years in the top end, owner-operator Wayne Hornby is ready to call time at his popular South Townsville pub – just as the area is “about to boom”. Former Brisbanite, Hornby moved to the northern capital –