Real Estate

REDCAPE REVERSES WITH MULTIPLE ACQUISITIONS

Posted on January 22nd, 2025 by Clyde Mooney
MA Redcape Hotel Fund has reversed its run of divestments with purchase of three hotels in coveted southeast Queensland, to further its portfolio refresh and optimisation. The prior calendar year continued a shake-up of the Redcape stable that saw multiple

COUNCIL PROCEEDS WITH HERITAGE HIT LIST

Posted on January 22nd, 2025 by Jane Louise
Last year the Inner West Council (IWC) of Sydney restirred a heritage hornet’s nest, furthering its attempt to preserve urban culture by forcing protections on old pubs under its purview. The Council’s proposal has now successfully amended planning controls, such

IRIS TAKES TWO FROM REDCAPE

Posted on January 20th, 2025 by Clyde Mooney
The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million.

SOLOTEL SNARES A SET OF PUBLIC PUBS

Posted on December 13th, 2024 by Clyde Mooney
Leading Sydney operator Solotel has emerged as the new operator of the majority of the Public Hospitality portfolio recently into receivership, adding three inner west pubs to the collection. Formerly high-flying dealmaker for tax advisor KPMG, Jon Adgemis, came unstuck

REILLY FINDS A FRIEND

Posted on December 13th, 2024 by Clyde Mooney
One of Glebe’s historic watering holes has a new Friend – for the third time in six years, as Ray Reilly and co take on the inner west pub, following a public sale by Marcello Colosimo’s Momento Hospitality. In 2022

OSCARS TAKE LUNA PARK

Posted on December 2nd, 2024 by Clyde Mooney
Bill and Mario Gravanis’ Oscars Group has acquired Sydney’s famous Luna Park, with plans to further increase its hospitality appeal. Enjoying a picturesque and totally unique location on the shores of Sydney Harbour, the historic Luna Park Sydney is a

HAKFOORT ENTERS THE COUNTRY CLUB

Posted on December 2nd, 2024 by Clyde Mooney
Hakfoort Group has bought the resurrected Country Club Hotel, settling in with plans and a prompt name change in tune with the precinct. Located on Cunningham Street in the heart of Dalby’s town centre, on a prominent and expansive 2,073sqm

IMG HEADS TO THE BEACH

Posted on November 29th, 2024 by Clyde Mooney
The Turnbull family’s Investment Management Group has taken the deeds for the McElhone family’s idyllic Cabarita Beach Hotel in northern New South Wales. Positioned literally metres from what has more than once been voted Australia's #1 beach, the Cabarita Beach

BREW-PUB IN THE GRANGE ON OFFER

Posted on November 27th, 2024 by Clyde Mooney
A fully-equipped brewery and budding suburban hotspot is being sold in one of Sydney’s growth corridors, with approved DAs for an even bigger broader hospitality venue. Listed is a single-storey property on 2033sqm covering three units on McPherson Rd at

GOOD BEER RECONSTITUTES THE CASTLE

Posted on November 22nd, 2024 by Clyde Mooney
The historic Edinburgh Castle will find a home in Good Beer, sold with vacant possession as Solotel winds up its operation of the Sydney CBD landmark. Established in 1885, on the corner of Pitt and Bathurst Streets, ‘the Eddie’ was