Real Estate

IRIS OFFLOADS TOP GAMING PUB & DEVELOPMENT

Posted on November 13th, 2015 by Clyde Mooney
In a year peppered by top-dollar transactions, Iris Group has executed one of the biggest gaming pub sales with the Oxford Hotel. The landmark Drummoyne hotel and adjacent retail property have sold for around $34 million in a clear indication

URBAN PURVEYOR GROUP SELLS FOR $200m TO PRIVATE EQUITY

Posted on November 13th, 2015 by Clyde Mooney
Funds manager Quadrant Private Equity has gobbled up Urban Purveyor Group for a cool $200 million, with plans for rapid expansion. UPG comprises 11 Bavarian Bier Cafes, as well as Ananas Brasserie and The Cut bar & grill in The

HERITAGE HOTEL SELLS IN STRONG AUCTION

Posted on November 13th, 2015 by Clyde Mooney
The auction of one of Rockhampton’s most beloved hotels has achieved a “good result”, with locals triumphing over a room of registered bidders. The hammer fell in Brisbane’s Eagle Street auction house this morning, ushering new owners to the historic

MORE SUITORS TO PRIZED REDCAPE PORTFOLIO

Posted on November 11th, 2015 by Clyde Mooney
The looming presence of the partnership between Moelis & Co and hotelier Nelson Meers has stepped into the light, with the entity disclosing a play at the prized Redcape portfolio. Purchased in a fire-sale situation by New York hedge funds

DEVELOPER “HUNGER” DRIVES BIG PRICE FOR BRIDIE’S

Posted on November 4th, 2015 by Clyde Mooney
Popular Melbourne franchise pub Bridie O’Reilly’s has sold to a local developer in a prime location example of opportunity sales taking place in the capital cities. Freehold owner John Connellan developed the business for the Bridie O’Reilly’s group nearly two

LANTERN FINE-TUNES WITH THREE PUB SALES

Posted on October 30th, 2015 by Clyde Mooney
The new board of Lantern Hotel Group has begun its portfolio shake-up, announcing the divestment of three “non-core” assets from its books. The ASX-listed Lantern (LTN) released news yesterday it would be selling three of its 17 pub assets, amid

PUB ‘KING’ BUYS PADDINGTON ‘HOTEL’ – EXCLUSIVE

Posted on October 30th, 2015 by Clyde Mooney
Prominent hotelier Ben May has bought a Paddington ‘hotel’, in which he and wife Lucy will live. The heritage-façade Windsor Castle Hotel, on Windsor Street, has been sold by Rita and Peter Polovin, following an extended project to turn the

EXCHANGE HOTEL CHANGES HANDS BETWEEN PUBLICANS

Posted on October 28th, 2015 by Clyde Mooney
Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney. Built in 1872, the Exchange is one of the oldest pubs in the area and

NEWMARKET SALE OPENS DOOR TO MELBOURNE MARKET

Posted on October 26th, 2015 by Clyde Mooney
Just two months after the leasehold business was sold to the booming Dixon Hospitality, Gerry Ryan’s Melbourne pub group is offloading the Newmarket Hotel freehold. Situated on a generous 1,000 m² block in bustling St Kilda, the hotel underwent an

LAUNDY SYNDICATE BUYS LONG JETTY PUB

Posted on October 23rd, 2015 by Clyde Mooney
A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought