Real Estate

IRIS GROUP PICK UP THE COLOMBIAN

Posted on September 16th, 2016 by Clyde Mooney
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford

POPULAR ST KILDA CORNER PUB TO MARKET

Posted on September 16th, 2016 by Clyde Mooney
St Kilda’s popular Elephant & Wheelbarrow has come to market, as long-term owners take the opportunity to concentrate on other pubs. [caption id="attachment_7268" align="alignright" width="371"] Elephant & Wheelbarrow[/caption] Located near the St Kilda foreshore, the Elephant & Wheelbarrow is a

LAUNDY TO BUILD FIRST PUB – AND BREWERY

Posted on September 14th, 2016 by Clyde Mooney
Pub king Arthur Laundy is planning to build his first pub from scratch, with a craft brewery for the people of the western suburbs. Set to be located on Fulton Rd, Marsden Park, the pub-brewery is expected to cost around

SHORT SEES DOUBLE IN REDFERN PUB

Posted on September 12th, 2016 by Clyde Mooney
Marty Short has grown his Redfern presence with the purchase of the former Courthouse Hotel for around $6 million. Situated on the corner of George and Redfern Streets, the old Courthouse Hotel is opposite the landmark former Redfern Post Office,

GOLDMAN SACHS CALLED TO BROKER REDCAPE SALE

Posted on September 7th, 2016 by Clyde Mooney
As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will

COUGHLAN BUYS IN CAMPERDOWN AND EYES MORE

Posted on September 5th, 2016 by Clyde Mooney
High-profile publican Paddy Coughlan has picked up his second inner-west pub, bringing a Lady to Camperdown to append Lord Gladstone. Located on Parramatta Road, just west of Missendon Road, the Hampshire – soon to be ‘Lady Hampshire’ – is in

BRISBANE ‘TROPHY’ PUB LATEST TO HIT MARKET

Posted on September 2nd, 2016 by Clyde Mooney
Real estate market mania continues to see hot property sent to market, now including operator and developer target, North Brisbane’s large-format Homestead Tavern. Located on a generous 7,550 m² block in beachside Boondall, the vendors have executed regular renovation to

LOCAL WINS BATTLE FOR GRAVILLIS’ KEMPSEY PUB

Posted on August 31st, 2016 by Clyde Mooney
Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning

HOT WATERLOO PUB ON OFFER

Posted on August 29th, 2016 by Clyde Mooney
Owners of Waterloo’s Grosvenor Hotel have put it to market, citing what happens to all good things for the popular corner pub. Two business partners, former Coca-Cola Amatil executive Denis Hickey and corporate identity Warwick Negus, have listed the freehold

WOW FIGURES SHED LIGHT ON ALH DILEMMA

Posted on August 26th, 2016 by Clyde Mooney
Australia’s biggest pub operator is the crux of a profitability dilemma for its majority owner Woolworths, as the supermarket giant weighs up bottom line and a PR crisis. Woolworth Limited (ASX: WOW) yesterday announced its full year results for FY16,