Real Estate

RAW GROUP GOES COMMERCIAL WITH PURCHASE OF IPG PUB

Posted on April 27th, 2015 by Clyde Mooney
Independent Pub Group has completed its strategic exit from Queensland, selling the last of its hotels in that State to the up and coming Raw Group. The Commercial Hotel Nambour was the seventh and final asset sell-off for IPG, with

TWIN PUBS SET TO BE QUEENSLAND “GOLDMINE”

Posted on April 22nd, 2015 by Clyde Mooney
Two mining town pubs have hit the market, with ‘goldmine’ potential amid development in the area. [caption id="attachment_2063" align="alignright" width="371"] Denison Hotel, Bowen[/caption] The freehold going concerns of the Denison Hotel and Merinda Village Hotel in the Bowen region are

CLOSEST PUB TO BADGERYS CRK AIRPORT UP IN THE AIR

Posted on April 20th, 2015 by Clyde Mooney
As plans for Sydney’s new airport at Badgerys Creek take off, the local pub has hit the market. Boasting a string of features including 30 well-appointed accommodation rooms, the Wallacia Hotel is positioned to capitalise on the massive influx of

SHORT GRABS LOCAL FAVOURITE IN PUB HOT-ZONE

Posted on April 20th, 2015 by Clyde Mooney
Marty Short’s pub group has picked up a local favourite in Redfern as city fringe assets continue to emerge as the must-haves in a hot market. Spying the area’s steady development, the operators named in recognition of patriarch Warwick Short

SLEEPING BEAUTY PALISADE PUB – SOLD

Posted on April 17th, 2015 by Clyde Mooney
Dormant for nearly seven years, the magnificent Palisade Hotel has sold to a private investor after a packed auction and vigorous negotiation. Located overlooking the Harbour Bridge and foreshore and $6 billion Barangaroo development, the Hotel has been closed since

EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’

Posted on April 15th, 2015 by Clyde Mooney
Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. [caption id="attachment_1974" align="alignright" width="314"] Chris Cheung[/caption] “It is with a heavy heart that we made the decision to put

MERIVALE MARCHES INTO NEWTOWN

Posted on April 13th, 2015 by Clyde Mooney
With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. [caption id="attachment_1959" align="alignright" width="313"] Chris Hogarth & Patrick Friesen[/caption] Very close to Newtown station on

NEWHAVEN HOTELS OFFLOADS KEY ASSET TO LAUNDYS

Posted on April 13th, 2015 by Clyde Mooney
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe

MORE MELBOURNE PUB ROYALTY COMES TO MARKET

Posted on April 8th, 2015 by Clyde Mooney
Another Melbourne pub icon has hit the market offering investors an “opportunity of imperial proportions”. Situated on the city’s best-known CBD corner – Bourke and Spring Streets – the Imperial Hotel is adjacent to Chinatown and directly opposite Parliament House,