Property

PUB BARON BUYS CLG’S $17m PORTSEA FREEHOLD

Posted on January 11th, 2016 by Clyde Mooney
Pub baron Mazen Tabat has continued his quest to become Colonial Leisure Group’s landlord, buying the Portsea Hotel freehold for $17.1 million. The Herald Sun reported the sale yesterday, which transacted in the first half of 2015 and settled in

$50m ACQUISITIONS FOR QUIET NEW PUB GROUP

Posted on December 16th, 2015 by Clyde Mooney
News is emerging of a new pub group with deep pockets, amid the announcement the Waugh family has sold the Banksia Hotel and the Belmore Hotel. [caption id="attachment_4713" align="alignright" width="309"] Image: website[/caption] Quietly entering the industry with the recent purchase

LOCALS OUTBID FOR OUTER-MELBOURNE HOTEL

Posted on December 14th, 2015 by Clyde Mooney
A Chinese investor has snapped up an outer Melbourne hotel-motel as accommodation-based opportunities continue to attract strong interest around the country. The Sunshine Motor Inn has been owner-operated by father and son John and David Swain for the past 20

IRIS AND GALLAGHER TRADE ANOTHER PUB

Posted on December 9th, 2015 by Clyde Mooney
Dynamic Iris Capital has traded another pub with the booming Gallagher Hotel Group, as leaseholds continue to come to the fore in the hot hotel market. Representing the fifth asset swap for the two groups, Iris has sold Gallagher the

LANTERN SELLS $11m SURRY HILLS DOLPHIN HOTEL

Posted on December 7th, 2015 by Clyde Mooney
Lantern Hotel Group has divested one of its best city assets to a colourful A-lister of Sydney hospitality. In October the ASX-listed Lantern (LTN) announced a portfolio reshuffle, selling three pubs as part of its “strategic review of the business”,

PADDINGTON HAT-TRICK & GASTRO SUPER-CHEF FOR WAUGH GROUP

Posted on December 4th, 2015 by Clyde Mooney
Gastro-pub mecca the Four in Hand has sold to Waugh’s PHMG, making a Paddington hat-trick for the Group – just as it announces the arrival of the acclaimed Guillaume Brahimi as ‘Culinary Ambassador’. A highly anticipated sale, The Four is

SALISBURY SALE HERALDS BIG PLANS IN STANMORE

Posted on November 18th, 2015 by Clyde Mooney
An investment fund has snapped up Stanmore’s Salisbury Hotel, boasting some of the strongest opportunity seen in a year of competitive real estate transactions. The three-level freehold on the outskirts of Sydney sold less than 48 hours after its national

ROYAL EXHIBITION SOLD AS OXFORD BOUGHT

Posted on November 16th, 2015 by Clyde Mooney
Surry Hills cornerstone, the Royal Exhibition, has sold amid hot competition in the city fringe. The multi-level freehold going concern adjacent to Central Station was divested by private owners Michael Wiggins and Joanne Cassar, as part of plans to finance

PUB DESIGN TOUR SHOWCASES RECENT TOP VALUE-ADD RENOS

Posted on November 16th, 2015 by Clyde Mooney
Last Monday night St.George bank conducted its 2015 Pub Design Tour, bussing a group of inquisitive publicans around some recent top-notch pub renovations. As long-term partners with the AHA NSW, St.George puts on the event to back up its claims

UNIQUE CONDITIONS DRIVING HOT PROPERTY MARKET

Posted on November 16th, 2015 by Clyde Mooney
The financial climate and frenetic transactional activity in real estate this year has strengthened some emerging trends. PubTIC spoke to Colliers International’s Guy Wells on trends and influences. The company was founded in Australia in 1976, and now boasts 502