Property

KICKON DIVES INTO THE DOCK

Posted on September 15th, 2023 by Clyde Mooney
Kickon Group has kicked again, bringing more skin into the game with purchase of The Dock and Wharf in Mooloolaba, on the Sunshine Coast. Overlooking the picturesque Mooloolah River and Marina, The Dock offers bars, a 500sqm restaurant seating over 300, multiple function

TWO MORE QUICK SALES FOR REDCAPE

Posted on September 8th, 2023 by Clyde Mooney
Chasing the news of two sales in the past fortnight, Redcape Hotel Group has announced the off-market sale of both the Shafston Hotel in Brisbane and the Central Hotel in Shellharbour. The big, multi-level Shafston Hotel is in East Brisbane,

NEW STAR OVER REDCAPE’S HISTORIC ASPLEY

Posted on August 28th, 2023 by Clyde Mooney
Redcape’s historic and beloved Aspley Hotel in Brisbane’s north has sold off-market to local operators Star Hotels. The Royal Exchange Hotel was built on the site in 1875, before the current building, designed by architects Addison and Macdonald, replaced it

KKR OFFLOAD AVC IN BILLION-DOLLAR DEAL

Posted on August 25th, 2023 by Clyde Mooney
Global investment giant KKR has formalised an agreement with alternative investment firm PAG for purchase of its controlling share in Australian Venue Co (AVC) in a billion-dollar-plus deal. Today’s announcement finalises a process that began nearly a year ago with

REDCAPE REAPS REWARDS AT THE GROVE

Posted on August 25th, 2023 by Clyde Mooney
Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay,

THE REPUBLIC SOLD TO DEVELOPER

Posted on August 21st, 2023 by Clyde Mooney
An up-and-coming developer has bought Sydney’s famous The Republic, prompting speculation the pub may see redevelopment. The trophy hotel has reportedly sold for around $40 million to diversified property group Virtical, which it’s said is seeking to capitalise on its

GDM GROW IN WINE COUNTRY

Posted on August 8th, 2023 by Clyde Mooney
Matt Coleman and co have furthered the stable of strong regional operations with purchase of Hotel Cessnock, in the Hunter Valley. Built 1908, the pub is a grand country hotel in a prominent central site in Cessnock, close to the

JOHNSTON HITS THE TRIFECTA WITH ALEXANDER

Posted on July 28th, 2023 by Clyde Mooney
Funds manager CEO Byram Johnston has continued his move into the pub sector, with JBHG picking up its third in central west NSW in less than a year. Byram and Deborah Johnston have owned and run a farm in the

SOUTHERNER HEADS NORTH BY THE GRACE OF ROCKY

Posted on July 24th, 2023 by Clyde Mooney
A Melbourne syndicate has sold its Gracemere Tavern in central Queensland to an expanding NSW-based operator. Stephen Beaumont’s Cook Beaumont and Partners listed the under-management freehold going concern hotel in Rockhampton in the first half of 2022, looking to streamline

BONDI PUB TOPIKOS TO A NEW-GEN RYAN

Posted on July 21st, 2023 by Clyde Mooney
A new generation Ryan has stepped up to become the new owner of Topikos – one of the very few pubs on the world-famous Bondi Beach strip. Point Group – the former Icebergs Group – holds well-known operations around Sydney,