Real Estate

REDCAPE AND GALLAGHER IN $70m SALE-SWAP

Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Cresent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the ongoing variations in boardroom strategies, as both groups look to deploy capital and capitalise on […]

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EVENING STAR FOR SALE AS SURRY HILLS SET TO SHINE

The high-profile Evening Star Hotel on the edge of the Sydney CBD has come to market, amid multi-billion-dollar infrastructure investment on its doorstep. Located on Elizabeth Street, a 2-minute walk from Sydney’s Central Station and Light Rail, the Star features a spacious single-operation public bar, commercial kitchen, and gaming room with its own entrance, under

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HARVEST SEES FERTILE GROUND IN QUEANBEYAN

Harvest Hotels has consummated its new investment fund with purchase of the big-ticket Jerrabomberra Hotel, in red-hot Queanbeyan. Known locally as ‘The Jerra” the pub occupies a generous 2,759sqm opposite the Jerrabomberra Village Shopping Mall, providing sports bar, bistro, gaming room with 30 machines, and drive-through bottleshop. As an asset, the A-grade regional venue possesses

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PIPER BUYS SCARBOROUGH FROM BILLIONAIRE BRUCE GORDON

Glenn Piper’s rebranded Epochal Hotels has announced its acquisition of the Scarborough Hotel from media tycoon Bruce Gordon. The heritage-listed hotel resides on 3,904sqm, on a cliff edge of the Illawarra escarpment, showcasing an expansive outdoor area with unparalleled views. It was built 1886, making it the oldest licensed premise in the City of Wollongong,

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