Real Estate

LANTERN GOES TO COURTHOUSE SALE

Posted on June 8th, 2016 by Clyde Mooney
ASX-listed Lantern Hotel Group has put to market yet another pub asset, as it restructures its portfolio to focus on core business in the Sydney metro. The Cairns’ Courthouse Hotel is an “institution” in the north Queensland regional city, being

PJs LEICHHARDT SOLD FOR $14.5m TO NEW OLD PUBLICAN

Posted on June 6th, 2016 by Clyde Mooney
PJ Gallaghers Leichhardt has sold between well-known publicans, as national assets and values see more businesses heading to the pub. The partnership of Patrick Gallagher and John Daly that resulted in a prominent corner pub becoming PJ’s Leichhardt, has divested

NEW SYNDICATE GRABS THOMAS’ TREETOPS PUB FOR $20m

Posted on June 3rd, 2016 by Clyde Mooney
A new pub syndicate led by well-known hotelier Peter Ashelford and Sydney Roosters chairman Nick Politis has snapped up the Thomas’ Treetops Tavern on the Gold Coast for $20 million. The Treetops occupies a prominent 7,000 m² site in the

COLES-TENANTED HOTEL AND BIG-BOX SELLS FOR $15m

Posted on June 3rd, 2016 by Clyde Mooney
The Coles-tenanted Redcliffe Tavern and adjoining 1st Choice freehold has sold to a private investor for $15 million. The 2,498 m² site, with frontage to both John Street and Anzac Avenue, Redcliffe, contains the freestanding tavern and big-box retail liquor

SCRUFFY MURPHY’S & CO SET TO MAKE BIG HOTEL DEVELOPMENT

Posted on June 1st, 2016 by Clyde Mooney
Sydney stalwart Scruffy Murphy’s Hotel has come to market along with surrounding blocks, representing a big hotel opportunity for the Haymarket site. With a view to large-scale development, the properties at 43-49 and 51-53 Goulburn St and 698-704 George St

COAST HOTEL ‘SET TO BE BEST’ HITS MARKET

Posted on June 1st, 2016 by Clyde Mooney
A prime Central Coast venue has hit the market, offering a large-format hotel with amazing views and a colourful history. The Coast is located on Iguana Wharf at Gosford, surrounded by water and adjacent to the Pacific Highway and 50,000

COUNCIL ACROBATICS BUT LONDON HOTEL MAY STILL FALL

Posted on May 30th, 2016 by Clyde Mooney
An old but ‘not heritage enough’ pub in Port Melbourne faces an uncertain future, as authorities quibble over whether or not to protect it from redevelopment. The London Hotel was built in 1861, and has had many embellishments to produce

CALLIGEROS GRABS REILLY’S TRINITY BAR

Posted on May 25th, 2016 by Clyde Mooney
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC

NEW PLAYERS ENTER INDUSTRY AND ‘THE LOCAL’

Posted on May 23rd, 2016 by Clyde Mooney
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South

LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET

Posted on May 20th, 2016 by Clyde Mooney
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of