Property

MERIVALE TAKES ON VIC ON THE PARK

Posted on October 11th, 2017 by Clyde Mooney
Merivale has furthered its inner-west presence with the $22+ million purchase of APF’s Vic on the Park in Marrickville. John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund (APF), backer to Riversdale, has been selling down its high-value portfolio,

TURVEY TAVERN BACK IN LOCAL HANDS

Posted on September 29th, 2017 by Clyde Mooney
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around

OPEN ARMS AND EUMUNDI LAND $13m PLOUGH INN

Posted on September 29th, 2017 by Clyde Mooney
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River.

HOTEL PALISADE SOLD AGAIN FOR $30m+

Posted on September 27th, 2017 by Clyde Mooney
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of

DIXON GROUP’S SHENANNIGANS ENTRY TO NT

Posted on September 27th, 2017 by Clyde Mooney
Dixon Group has expanded into another state, picking up the operation of Shenannigans in Darwin. Shenannigans, known locally as “Shags”, is an Irish-themed party pub that opened 21 years ago, and has largely set the tone for the city’s Mitchell

MEERS PUTS $45m ON THE RITZ

Posted on September 25th, 2017 by Clyde Mooney
The Nelson Meers Group has pounced on Hurstville’s iconic Ritz, paying $45 million to add the baker’s dozen to its strong gaming portfolio. The long-standing landmark Hurstville ‘Ritz’ Hotel has been twice owned by former Newtown Jets front rower, Steve

IRIS DIVESTS $34m CLOVELLY HOTEL

Posted on September 22nd, 2017 by Clyde Mooney
Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of

TOP PUB BEACH HOTEL TOPS UP SALE PRICE RECORD

Posted on September 20th, 2017 by Clyde Mooney
Byron Bay’s legendary Beach Hotel has broken its own sales record, fetching $70 million from sophisticated new investors. One of Australia’s richest families is backer to the Impact Investment Group, which has expanded slightly beyond its normal investment type with

GINTY LAYS DOWN GLASGOW ARMS

Posted on September 20th, 2017 by Clyde Mooney
Steve Ginty has sold his Glasgow Arms Hotel in Sydney’s inner west, ushering in another up-and-coming veteran Adam Derwin. Ginty has been a career publican, beginning life in pubs as a barman at the Woolwich Pier Hotel. [caption id="attachment_11062" align="alignright"