Real Estate

CORKMAN PUB DEMO PROMPTS TOUGH NEW PROTECTION LAWS

Posted on December 7th, 2016 by Clyde Mooney
Victoria is promising developers big fines and potential jail time for illegal demolition, following the destruction of Carlton’s beloved Corkman Irish Pub. Premier Daniel Andrews’ Government will this week introduce legislation allowing the Courts to seriously penalise developers performing illegal

IRIS GROUP BACKS IT UP WITH GASLIGHT BUY

Posted on December 5th, 2016 by Clyde Mooney
Consolidating a footprint in Darlinghurst, Sam Arnaout’s Iris Group has secured the freehold going concern of the quirky Gaslight Hotel – immediately behind the recently acquired Colombian. The four-level Gaslight fronts Crown Street on the corner of Little Oxford St,

AUCTIONS SOAR: TENNYSON TO MERIVALE AND FIGTREE TO DENFISH

Posted on December 2nd, 2016 by Clyde Mooney
Plenty of big names were amongst the crowd that overflowed the auction room of Ray White yesterday for sale of the top-billing Tennyson Hotel and regional stronghold the Figtree Hotel. The auction began with Wollongong’s Figtree, possessing a huge 9,300

BIG PRICE FOR BIG ACREAGE ACACIA RIDGE

Posted on November 30th, 2016 by Clyde Mooney
Another Sydney buyer has bought the very large-format Acacia Ridge Hotel for a top-tier sum from Sydney-based Peter Calligeros and partner Steve Farley. Billed as one of Queensland’s biggest hotels, the Acacia occupies 18,450 m² with development potential, on busy

ALFRED & CONSTANCE GO TO MARKET AS GRIFFITHS MOVES ON

Posted on November 28th, 2016 by Clyde Mooney
An innovative Brisbane publican is moving on to “push the boundaries” – divesting his highly successful Alfred & Constance and Limes Hotel businesses. Since its launch in 2008, Alfred & Constance (A&C) has become one of Brisbane’s best-known pubs. It

FINAL COUNTDOWN BEGINS AS WATERWORKS HOTEL LISTED

Posted on November 23rd, 2016 by Clyde Mooney
The Lantern pub flood continues as the listed entity puts its high-ranking Waterworks Hotel to market. While the procession of sales into a market short of supply have seen immense interest by operators eager to optimise the assets, few have

FIVE DOCK HOTEL HARVEST REAPED

Posted on November 21st, 2016 by Clyde Mooney
Lantern has sold its best yet to former Wallaby Bill Young, in a swift campaign fetching another big premium at nearly $29 million. Coming to market less than two weeks ago, the ASX-listed Lantern (LTN) has announced the sale of

PARRAS SECURES LANTERN’S AMBARVALE GEM FOR $21m

Posted on November 18th, 2016 by Clyde Mooney
As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a