Real Estate

RANDWICK’S TOP ‘DOG’ SELLS TO CRAFTY PUBLICAN

Posted on September 23rd, 2015 by Clyde Mooney
Owners of the uber-successful and crafty Dove & Olive and Keg & Brew have snapped up a Randwick landmark to add to the award-winning portfolio. The burgeoning Good Beer Company (GBC) has bought Newhaven Hotels’ Duke of Gloucester, with plans

‘SEA CHANGE’ PUB SALE COULD WITNESS REDEVELOPMENT

Posted on September 23rd, 2015 by Clyde Mooney
The ultimate ‘Sea Change’ pub has come on the market in Melbourne, offering potential for a landmark holiday destination development. The St Leonards Hotel, overlooking Port Phillip Bay pub south-west of Melbourne, was once the centre of the ABC’s late

BLUE SKY BUYS INDEPENDENT PUB GROUP

Posted on September 21st, 2015 by Clyde Mooney
Greg Maitland’s Independent Pub Group is independent no more, with Blue Sky Private Equity purchasing a majority stake amid a re-brand to become GM Hotels. [caption id="attachment_3768" align="alignright" width="334"] GM Hotels' Tower Hotel[/caption] Formed in 2007, Independent Pub Group (IPG)

DIXON BUYS 17 MELBOURNE PUBS IN ‘RECORD’ DEAL

Posted on September 18th, 2015 by Clyde Mooney
[caption id="attachment_3751" align="alignright" width="418"] Open Door Pub Co's College Lawn Hotel[/caption] The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip

TWO MORE MELBOURNE PUBS SELL AS INVESTORS EYE VALUE

Posted on September 14th, 2015 by Clyde Mooney
  Melbourne has seen two more hotel freeholds sell as investments ‘with potential’ as development prospects continue to be weighed against hospitality businesses. The deeds to the Hawthorn Hotel and South Melbourne’s Palmerston Hotel have sold to entities interested in

GALLAGHER POUNCES ON TIGER BAR

Posted on September 9th, 2015 by Clyde Mooney
Patrick Gallagher has snapped up Hurstville’s Tiger Bar in a play to round out his growing Sydney-wide portfolio. The king of the Irish bars has purchased the southern Sydney favourite for a reported $28 million from a syndicate that included

CENTRAL TOWERS TO GO ABOVE HERITAGE AUSTRALIAN HOTEL

Posted on September 9th, 2015 by Clyde Mooney
Developers Frasers Property and Seksui House are set to proceed with the next stage of the Central Park on Broadway project – on the old Carlton Brewery site, atop the historic Australian “Abercrombie” Hotel. Having purchased the site in 2007,

40-YEAR PUBLICAN PARTING WITH HIS “CASTLE”

Posted on September 4th, 2015 by Clyde Mooney
Melbourne career publican Kevin McNamee is parting with his beloved Clare Castle Hotel, after 40 years’ ownership. McNamee has owned the since the 70s, but sold the leasehold business 15 years ago after a quarter-century operating it himself. The current

CHARTER HALL + ALH PONDER REDCAPE

Posted on September 2nd, 2015 by Clyde Mooney
Smart money continues to stalk Australian pubs, with rumours Charter Hall and ALH are contemplating a snap buy of Redcape before it goes to the open market. Business Spectator reported that Charter Hall Group may team up with the country’s

IRIS’ ‘EMPIRE’ BUILDING KINGS CROSS OPPORTUNITY

Posted on August 31st, 2015 by Clyde Mooney
Making the most of Kings Cross’ reluctant transformation to residential, cashed-up Iris Capital Group has acquired three adjacent blocks on Darlinghurst Road. It has been revealed Sam Arnaout’s Iris Group has completed the purchase of the Empire Hotel – adjacent