Property

ZAGAME’S ALH PORTFOLIO BOUGHT FOR $75m

Posted on March 2nd, 2016 by Clyde Mooney
The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) –

PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE

Posted on February 26th, 2016 by Clyde Mooney
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It

LAUNDY BUYS SETTLER’S TAVERN ‘PIECE OF THE PUZZLE’

Posted on February 24th, 2016 by Clyde Mooney
The Laundy Group continues its growth into growth areas, buying yet another Central Coast hotel to fit into its “jigsaw”. The Settler’s Tavern is close to the West Gosford commercial hub, central to the town’s 13,000 business and 65,000 employees.

KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE

Posted on February 12th, 2016 by Clyde Mooney
Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs,

BALMAIN PUB GROUP BUYS BALMAIN’S TOWN HALL

Posted on February 10th, 2016 by Clyde Mooney
Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest.

LAUNDYS BUY ON CENTRAL COAST

Posted on February 10th, 2016 by Clyde Mooney
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long

IRIS BUYS ‘PROJECT’ PARRAMATTA HOTEL FOR $38m

Posted on January 22nd, 2016 by Clyde Mooney
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris

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