Real Estate

SHAKY TIMES FOR OLD MELBOURNE PUBS

Posted on January 25th, 2017 by Clyde Mooney
The battle to save Melbourne’s historic pubs rages on, with two currently facing demolition and redevelopment into residential apartments. St Kilda’s Greyhound Hotel closed suddenly in the first week of January, despite community efforts to save it, with developers applying

LANTERN’S CROWN HERALDS END IS NIGH

Posted on January 23rd, 2017 by Clyde Mooney
Continuing its run of blockbuster sales capping 2016, Lantern Hotel Group has listed its second-last, landmark Surry Hills corner pub, the Crown Hotel. The ASX-listed Lantern has all but completed the strategic sell-off of its entire pub portfolio, executing a

LOCALS’ SHENANIGANS AS THOMAS FAMILY EXITS PUB GAME

Posted on January 23rd, 2017 by Clyde Mooney
Two brothers and three mates have taken the plunge with their first pub, beating hungry Sydney operators to buy the Thomas family’s long-held Shenanigans at The Imperial. Mike Thomas has been a staple of the NSW hotel industry for over

BIG LIDCOMBE HOTEL SALE SETS TONE FOR ANOTHER BIG YEAR

Posted on January 18th, 2017 by Clyde Mooney
The sale of a top-50 gaming pub has kick-started what is expected to be another big year in Australian pub real estate. The freehold of the Lidcombe Hotel was purchased by Marcus Levy’s Marvan Hotels eight years ago from Hedley

THE PRINCE OF KIRRAWEE JUST DAYS FROM OPENING

Posted on January 13th, 2017 by Clyde Mooney
Another brand new pub is set to open in Sydney, with 6 February now confirmed as inauguration date for Chris Feros’ The Prince, in Kirrawee. The rare greenfield construction* is the result of a four-year dream for Feros that recognised

LEWIS HOTELS INTO LALOR PARK FOR CHRISTMAS

Posted on December 21st, 2016 by Clyde Mooney
Another big Sydney pub with oodles of potential has changed hands, with John Lewis adding to his western suburbs stable with the Lalor Park Hotel. The large suburban pub occupies 3,048 m² on busy Sackville Street, minutes from Blacktown CBD

BAM WINS BATTLE FOR FEROS’ LONE PINE

Posted on December 19th, 2016 by Clyde Mooney
Following intense negotiations, Chris Feros has sold his monolithic Lone Pine Hotel to Bondi Asset Management for $26 million. Feros listed the landmark Rooty Hill Hotel in July, relaying that the time was now right to pass the reins on

BROTHERS TEMPTED OUT OF THEIR BELOVED THE GRAHAM

Posted on December 19th, 2016 by Clyde Mooney
The Giannakis brothers are parting with their beloved The Graham after 15 years and an offer they couldn’t refuse. Tony and Peter Giannakis were fine-dining restauranteurs until they purchased the Graham Hotel back in 2001. The twins built strong foundations

STEVENS FAMILY PART WITH THE PRINCE

Posted on December 16th, 2016 by Clyde Mooney
The Stevens family have been tempted into the sale of their highly popular The Prince, with a local publican beating out the Sydney competition. Allan Stevens has been a staple of the pub industry for decades, accumulating a portfolio spread