Real Estate

ACTIVE AVC FLAGS FURTHER EXPANSION AND ENTICEMENTS

Posted on January 29th, 2021 by Clyde Mooney
Australian Venue Co. continues to pursue post-pandemic opportunities, taking a new venue in regional Victoria and fronting more specials to get patrons back into their pubs. Today AVC announced its purchase of the leasehold interest in the Criterion Hotel in

SMALL PUBS GET BIGGER AND BOLDER AT BVH

Posted on January 29th, 2021 by Clyde Mooney
Small Pubs has taken the next steps in its investment into Newtown, purchasing and adorning the freehold of Paddy Coughlan’s Botany View Hotel. Justin Small – previously one of the partners in Balmain Pub Group – took on a new

CATHOLIC CHURCH PONDERS STOCKY HOTEL’S FUTURE

Posted on January 25th, 2021 by Clyde Mooney
The landmark, recently closed Stock Exchange Hotel in Brisbane is languishing in uncertainty as its new owners – the Catholic Archdiocese of Brisbane – ponder what to do with their heritage pub. Built 1863, the Exchange is one of the

NELSON MEERS’ NEW PUB FOR AUBURN

Posted on January 22nd, 2021 by Clyde Mooney
The Nelson Meers Hotels group is preparing to open a brand-new pub in Auburn, as work commences on the heritage building that will be home to the Ambulance Station Hotel. NMH has operated the leasehold interest of the Village Tavern

BOUTIQUE PUB CO BOWS OUT

Posted on January 22nd, 2021 by Clyde Mooney
The last of the Boutique Pub Co has gone, with SV Partners appointed as liquidator for the failed operation and closed premises. Queensland publican Mic Uebergang oversaw Boutique Pub Co, operating The Florence Public House in Toowoomba, which made something

WINDFALL FOR ENGADINE TAVERN SALE

Posted on January 20th, 2021 by Clyde Mooney
Another big year predicted in pub real estate kicked off with news of White & Partners divesting suburban stalwart the Engadine Tavern to a local for $31 million, realising nearly 40 per cent in capital gains. A trust controlled by

OLD FITZ TO SEE NEW BEGINNINGS

Posted on January 20th, 2021 by Clyde Mooney
Ending speculation on its future, the deal has been finalised on sale of The Old Fitz in Woolloomooloo to developers W Property. Standing proudly on a corner of Dowling Street in Sydney’s waterside precinct, the Old Fitzroy Hotel boasts a

SYDNEY INVESTOR TAKES TUMUT’S ROYAL

Posted on January 20th, 2021 by Clyde Mooney
The Royal Hotel Tumut has been sold to an unnamed Sydney-based hotel investor as the region continues to benefit from massive infrastructure investment. The Royal is a classic two-storey brick structure on a 3,250 sqm lot, with a full-length balcony

O’DONOGHUES EMU PLAINS JOINS REDCAPE FOR $31m

Posted on January 18th, 2021 by Clyde Mooney
Amid the respite of a strong end to a stormy year, ASX-listed Redcape has exchanged contracts to acquire O’Donoghues Hotel in Emu Plains for $30.5 million. The western Sydney pub is a large-format local, offering a classic mix of food

WRIGHT-YOUNG FINALLY RELINQUISHES THE CAMMY

Posted on January 18th, 2021 by Clyde Mooney
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the