Real Estate

SALISBURY SALE HERALDS BIG PLANS IN STANMORE

Posted on November 18th, 2015 by Clyde Mooney
An investment fund has snapped up Stanmore’s Salisbury Hotel, boasting some of the strongest opportunity seen in a year of competitive real estate transactions. The three-level freehold on the outskirts of Sydney sold less than 48 hours after its national

ROYAL EXHIBITION SOLD AS OXFORD BOUGHT

Posted on November 16th, 2015 by Clyde Mooney
Surry Hills cornerstone, the Royal Exhibition, has sold amid hot competition in the city fringe. The multi-level freehold going concern adjacent to Central Station was divested by private owners Michael Wiggins and Joanne Cassar, as part of plans to finance

PUB DESIGN TOUR SHOWCASES RECENT TOP VALUE-ADD RENOS

Posted on November 16th, 2015 by Clyde Mooney
Last Monday night St.George bank conducted its 2015 Pub Design Tour, bussing a group of inquisitive publicans around some recent top-notch pub renovations. As long-term partners with the AHA NSW, St.George puts on the event to back up its claims

UNIQUE CONDITIONS DRIVING HOT PROPERTY MARKET

Posted on November 16th, 2015 by Clyde Mooney
The financial climate and frenetic transactional activity in real estate this year has strengthened some emerging trends. PubTIC spoke to Colliers International’s Guy Wells on trends and influences. The company was founded in Australia in 1976, and now boasts 502

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