Real Estate

KEYSTONE TO OFFLOAD CARGO IN CHANGE OF TACK

Posted on March 14th, 2016 by Clyde Mooney
Keystone continues its directional shift, with the listing of the iconic Cargo Bar in Darling Harbour. Following unsolicited approaches for the Newtown Hotel, Cargo Bar and its sister venue Bungalow 8, The Keystone Group (TKSG) underwent a strategic review that

HIBERNATING PYRMONT PUB COULD AWAKEN AFTER DECADES

Posted on March 9th, 2016 by Clyde Mooney
What could be Sydney’s “most intriguing hotel” has been listed for sale, after laying dormant for 32 years. Located on a prominent corner on what was the last stop on the old tram line out of Sydney, the Terminus Hotel

MELBOURNE METROPOLITAN GEM HITS THE MARKET

Posted on March 9th, 2016 by Clyde Mooney
A high-profile Melbourne CBD freehold has hit the market, boasting a triple-frontage and big potential as a pub or mixed development. The historic Metropolitan Hotel is on the busy corner of William and Lonsdale Streets, opposite the Mint, and close

MAY BUYS BURLEIGH HEADS BEACHFRONT PAVILION

Posted on March 9th, 2016 by Clyde Mooney
Colourful hotelier Ben May has partnered with his Manly Wharf landlord Robert Magid to buy iconic beachside property The Burleigh Pavilion. One of Australia’s only absolute beachfront premises, the Burleigh Heads building currently houses the Rick Shores bar-restaurant, Oskar’s Restaurant,

GALLAGHER PARTNERSHIP SELLING PJ’s LEICHHARDT

Posted on March 7th, 2016 by Clyde Mooney
The landmark PJ Gallagher’s Leichhardt has hit the market, as thirsty investors await the continuation of the 2015 bumper year in pub real estate. Prompted by their own craving for expansion, the partnership of Patrick Gallagher and Jack Daly have

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.

MOELIS EDGES AHEAD IN RACE FOR REDCAPE

Posted on February 24th, 2016 by Clyde Mooney
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed